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Autor:
Shinagawa, Yok
This paper defines financial market spillovers as the comovement between two countries'financial markets and analyzes financial market spillovers over the period 2001-12 through four channels: bilateral portfolio investment, bilateral trade, home bia
Autor:
Che, Natasha, Shinagawa, Yok
Better “financial soundness” of banks could help mitigate the volatility of financial cycles by reducing banks'risk exposure. But trying to improve financial soundness in the midst of a downturn can do the opposite—further aggravating the contr