Sensitive Questions, Spillover Effects, and Asking About Citizenship on the U.S. Census

2021 ◽  
Author(s):  
Matthew A. Baum ◽  
Bryce Dietrich ◽  
Rebecca Goldstein ◽  
Maya Sen
Keyword(s):  
Spillover Effects ◽  
Sensitive Questions ◽  
The U.S

scholarly journals The Effects from The U.S. and Japan to Emerging Stock Markets in Asia and Vietnam

2021 ◽  
Author(s):  
SDAG Lab
Keyword(s):  
Emerging Markets ◽  
Stock Prices ◽  
Stock Markets ◽  
Spillover Effect ◽  
Spillover Effects ◽  
The Philippines ◽  
Volatility Spillovers ◽  
Return Effect ◽  
Asian Emerging Markets ◽  
The U.S

The subprime mortgage crisis in the U.S. in mid-2008 suggests that stock prices volatility do spillover from one market to another after international stock markets downturn. The purpose of this paper is to examine the magnitude of return and volatility spillovers from developed markets (the U.S. and Japan) to eight emerging equity markets (India, China, Indonesia, Korea, Malaysia, the Philippines, Taiwan, Thailand) and Vietnam. Employing a mean and volatility spillover model that deals with the U.S. and Japan shocks and day effects as exogenous variables in ARMA(1,1), GARCH(1,1) for Asian emerging markets, the study finds some interesting findings. Firstly, the day effect is present on six out of nine studied markets, except for the Indian, Taiwanese and Philippine. Secondly, the results of return spillover confirm significant spillover effects across the markets with different magnitudes. Specifically, the U.S. exerts a stronger influence on the Malaysian, Philippine and Vietnamese market compared with Japan. In contrast, Japan has a higher spillover effect on the Chinese, Indian, Korea, and Thailand than the U.S. For the Indonesian market, the the return effect is equal. Finally, there is no evidence of a volatility effect of the U.S. and Japanese markets on the Asian emerging markets in this study.

scholarly journals U.S. Monetary Policy, Commodity Prices and the Financialization Hypothesis

2017 ◽  
Vol 10 (2) ◽  
pp. 53-77 ◽  
Author(s):  
Papa Gueye Fam ◽  
Rachida Hennani ◽  
Nicolas Huchet
Keyword(s):  
Monetary Policy ◽  
Commodity Prices ◽  
Spillover Effects ◽  
Commodity Markets ◽  
Bond Markets ◽  
Financial Assets ◽  
Market Prices ◽  
Agricultural Prices ◽  
Policy Measures ◽  
The U.S

AbstractMany studies point out the growing correlations within financial markets, while others highlight the financialization of commodity markets. The purpose of this article is to revisit the relationships between various financial assets and commodity markets by taking into account the U.S. monetary policy and therefore the implementation of non-standard measures. In addition to oil, stock and bond markets, U.S. policy rates and a great deal of agricultural prices have been over time considered through a DCC-GARCH model, between 1995-2015. We find that agricultural markets uphold the financialization hypothesis, implying an increase in market-prices’ correlations and so raises the question of agricultural prices’ drivers. Interestingly, conditional correlations between the U.S. monetary policy and agricultural prices have decreased since 2010, which indicates that the implementation of non-standard monetary policy measures reduces spillover effects on asset prices, especially raw commodities. Such a result in turn highlights changing relationships between monetary, financial and physical markets, in a context of very weak policy rates over a long period.

THE EFFECTS OF U.S. UNCONVENTIONAL MONETARY POLICY ON ASIAN STOCK MARKETS

2017 ◽  
Vol 65 (04) ◽  
pp. 917-945
Author(s):  
CHIEN-CHIANG LEE ◽  
MEI-PING CHEN ◽  
CHUN-CHIE HUANG
Keyword(s):  
Correlation Coefficients ◽  
Spillover Effects ◽  
Market Liquidity ◽  
Time Varying ◽  
Progressive Decline ◽  
Dynamic Correlation ◽  
Volatility Spillovers ◽  
Specific Factors ◽  
Autoregressive Conditional Heteroscedasticity ◽  
The U.S

To assess the spillover effects of quantitative easing (QE) on return and volatility from the U.S. market to the selected Asian markets, this study applies dynamic correlation coefficient-generalized autoregressive conditional heteroscedasticity model to capture the time-varying nature of return and volatility spillovers during non-QE and QE periods of the sample countries. Furthermore, we incorporate the estimated time-varying correlation coefficients and country-specific factors to probe the determinants of the spillover. We find that the U.S. QE policies have significantly affected the correlations between the U.S. and some Asian countries, to which it performs significantly progressive decline in the correlations during the latest QE. Greater stock market liquidity remarkably increases their financial spillovers.

scholarly journals Domestic Lending and the Pandemic: How Does Banks' Exposure to Covid-19 Abroad Affect Their Lending in the United States?

2021 ◽  
Vol 2021 (056) ◽  
pp. 1-45
Author(s):  
Judit Temesvary ◽  
◽  
Andrew Wei ◽  
Keyword(s):  
United States ◽  
Spillover Effects ◽  
The United States ◽  
Registry Data ◽  
Cross Border ◽  
Foreign Countries ◽  
The U.S

We study how U.S. banks' exposure to the economic fallout due to governments' response to Covid-19 in foreign countries has affected their credit provision to borrowers in the United States. We combine a rarely accessed dataset on U.S. banks' cross-border exposure to borrowers in foreign countries with the most detailed regulatory ("credit registry") data that is available on their U.S.-based lending. We compare the change in the U.S. lending of banks that are more vs. less exposed to the pandemic abroad, during and after the onset of Covid-19 in 2020. We document strong spillover effects: U.S. banks with higher foreign exposures in badly "Covid-19-hit" regions cut their lending in the United States substantially more. This effect is particularly strong for longer-maturity loans and term loans and is robust to controlling for firms’ pandemic exposure.

scholarly journals Managed Trade

2019 ◽  
Vol 19 (251) ◽  
Author(s):  
Eugenio Cerutti ◽  
Shan Chen ◽  
Pragyan Deb ◽  
Albe Gjonbalaj ◽  
Swarnali Hannan ◽  
...  
Keyword(s):  
European Union ◽  
Bilateral Trade ◽  
International System ◽  
Trade Diversion ◽  
Spillover Effects ◽  
Domestic Demand ◽  
The European Union ◽  
The World ◽  
Managed Trade ◽  
The U.S

The trade discussions between the U.S. and China are on-going. Not much is known about the shape and nature of a potential agreement, but it seems possible that it would include elements of managed trade. This paper attempts to examine the direct, first-round spillover effects for the rest of the world from managed trade using three approaches. The results suggest that, in the absence of a meaningful boost in China’s domestic demand and imports, bilateral purchase commitments are likely to generate substantial trade diversion effects for other countries. For example, the European Union, Japan, and Korea are likely to have significant export diversion in a potential deal that includes substantial purchases of U.S. vehicles, machinery, and electronics by China. At the same time, a deal that puts greater emphasis on commodities would put small commodity exporters at a risk. This points to the advantages of a comprehensive agreement that supports the international system and avoids managed bilateral trade arrangements.

scholarly journals The effects from the United States and Japan to emerging stock markets in Asia and Vietnam

2020 ◽  
Author(s):  
AISDL
Keyword(s):  
United States ◽  
Emerging Markets ◽  
Stock Prices ◽  
Stock Markets ◽  
Spillover Effect ◽  
Spillover Effects ◽  
The United States ◽  
The Philippines ◽  
Asian Emerging Markets ◽  
The U.S

The subprime mortgage crisis in the United States (U.S.) in mid-2008 suggests that stock prices volatility do spillover from one market to another after international stock markets downturn. The purpose of this paper is to examine the magnitude of return and volatility spillovers from developed markets (the U.S. and Japan) to eight emerging equity markets (India, China, Indonesia, Korea, Malaysia, the Philippines, Taiwan, Thailand) and Vietnam. Employing a mean and volatility spillover model that deals with the U.S. and Japan shocks and day effects as exogenous variables in ARMA(1,1), GARCH(1,1) for Asian emerging markets, the study finds some interesting findings. Firstly, the day effect is present on six out of nine studied markets, except for the Indian, Taiwanese and Philippine. Secondly, the results of return spillover confirm significant spillover effects across the markets with different magnitudes. Specifically, the U.S. exerts a stronger influence on the Malaysian, Philippine and Vietnamese market compared with Japan. In contrast, Japan has a higher spillover effect on the Chinese, Indian, Korea, and Thailand than the U.S. For the Indonesian market, the return effect is equal. Finally, there is no evidence of a volatility effect of the U.S. and Japanese markets on the Asian emerging markets in this study.

Ireland, the Marshall Plan, and U.S. Cold War Concerns

2006 ◽  
Vol 8 (1) ◽  
pp. 68-94 ◽  
Author(s):  
Bernadette Whelan
Keyword(s):  
Cold War ◽  
Soviet Union ◽  
Marshall Plan ◽  
Sensitive Questions ◽  
Postwar Reconstruction ◽  
The Soviet Union ◽  
Technical Advice ◽  
The U.S

The implementation of the Marshall Plan in Europe from 1947 to 1951 has been increasingly well documented as archival materials have become available. Although U.S. motivations and the extent of the U.S. contribution to rehabilitating and uniting Europe, thwarting Communism, and consolidating democracy are still debated by historians, there is little disagreement about the impressive size and logistics of the program. However, not all of the assistance delivered was in the form of food, finance, and technical advice. Ideological and psychological weapons were also used. This article examines all of these aspects of the Marshall Plan and how the campaigns actually worked in a country that has often been left out of analyses of the postwar reconstruction Ireland. Because Ireland had been neutral during the war and wanted to remain neutral afterward, the question of participating in a U.S. sponsored program that did not include the Communist European states (because the Soviet Union vetoed their participation) raised sensitive questions within Ireland about the desirability of being so conspicuously aligned with a Western bloc.

scholarly journals The effects from the United States and Japan to emerging stock markets in Asia and Vietnam

2020 ◽  
Vol 3 (4) ◽  
pp. 438-448
Author(s):  
Nguyen Thi Ngan ◽  
Nguyen Thi Diem Hien ◽  
Hoang Trung Nghia
Keyword(s):  
United States ◽  
Emerging Markets ◽  
Stock Prices ◽  
Stock Markets ◽  
Spillover Effect ◽  
Spillover Effects ◽  
The United States ◽  
The Philippines ◽  
Asian Emerging Markets ◽  
The U.S

The subprime mortgage crisis in the United States (U.S.) in mid-2008 suggests that stock prices volatility do spillover from one market to another after international stock markets downturn. The purpose of this paper is to examine the magnitude of return and volatility spillovers from developed markets (the U.S. and Japan) to eight emerging equity markets (India, China, Indonesia, Korea, Malaysia, the Philippines, Taiwan, Thailand) and Vietnam. Employing a mean and volatility spillover model that deals with the U.S. and Japan shocks and day effects as exogenous variables in ARMA(1,1), GARCH(1,1) for Asian emerging markets, the study finds some interesting findings. Firstly, the day effect is present on six out of nine studied markets, except for the Indian, Taiwanese and Philippine. Secondly, the results of return spillover confirm significant spillover effects across the markets with different magnitudes. Specifically, the U.S. exerts a stronger influence on the Malaysian, Philippine and Vietnamese market compared with Japan. In contrast, Japan has a higher spillover effect on the Chinese, Indian, Korea, and Thailand than the U.S. For the Indonesian market, the return effect is equal. Finally, there is no evidence of a volatility effect of the U.S. and Japanese markets on the Asian emerging markets in this study.

Global financial crisis and spillover effects among the U.S. and BRICS stock markets

2016 ◽  
Vol 42 ◽  
pp. 257-276 ◽  
Author(s):  
Walid Mensi ◽  
Shawkat Hammoudeh ◽  
Duc Khuong Nguyen ◽  
Sang Hoon Kang
Keyword(s):  
Financial Crisis ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Spillover Effects ◽  
The U.S
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