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dc.contributor.authorMagkonis, Georgios*
dc.contributor.authorTsopanakis, Andreas*
dc.date.accessioned2016-05-06T09:01:47Z
dc.date.available2016-05-06T09:01:47Z
dc.date.issued2016-07
dc.identifier.citationMagkonis G and Tsopanakis A (2016) The financial and fiscal stress interconnectedness: The case of G5 economies. International Review of Financial Analysis. 46:62-69.en_US
dc.identifier.urihttp://hdl.handle.net/10454/8305
dc.descriptionYes
dc.description.abstractIn this paper, we focus on the financial and fiscal stress transmission for the G5 economies. Using financial and fiscal stress indexes, we assess the spillovers within each economy, as well as the cross-sectional effects. Two supplementary methodologies, measuring the degree of interconnectedness, are employed. Our findings indicate that the interactions between these two kinds of distress are intensive, especially during and after the Global Financial Crisis outbreak. The above reiterates the necessity for coordinated macroprudential policies, as a means to confine the adverse effects of excessive financial and fiscal stress.en_US
dc.language.isoenen_US
dc.rights© 2016 Elsevier Inc. Reproduced in accordance with the publisher's selfarchiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license (http://creativecommons.org/licenses/by-nc-nd/4.0/)en_US
dc.subjectFinancial stress
dc.subjectFiscal stress
dc.subjectSpillover index
dc.subjectCausality index
dc.subjectMacroprudential Policies
dc.titleThe financial and fiscal stress interconnectedness: The case of G5 economiesen_US
dc.status.refereedYes
dc.date.Accepted27/03/2016
dc.date.application18/04/2016
dc.typeArticle
dc.type.versionAccepted manuscript
dc.identifier.doihttps://doi.org/10.1016/j.irfa.2016.03.019
refterms.dateFOA2018-07-25T13:57:01Z
dc.openaccess.statusopenAccess


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