US macroeconomic news effects around the US and European financial crises: Evidence from Brazilian and Mexican equity indices

Despite the spectacular failure of market fundamentalism in Europe and the US, with a seemingly never-ending spate of corporate scandals and financial crises, the grip of a neoliberal economic policy discourse among political and economic elites seems unshakeable. If anything, neoliberal policies of privatisation, labour market deregulation and state and welfare retrenchment seem to have been ratcheted up since the 2008-9 financial crisis. How can a left and more progressive politics– even in the form of a moderate eco-Keynesianism – be reasserted in these circumstances? This chapter argues that there has, until recently, been a serious vacuum in left and progressive circles about alternative economic models that might challenge the mainstream consensus. Cumbers uses the lens of public ownership, and examples from recent research in Denmark and Germany, to argue for the need to remake and re-scale institutional structures and practices on the left to successfully contest neoliberalism and construct more progressive, egalitarian and sustainable economies and societies.

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ILLIQUIDITY OR CREDIT DETERIORATION: A STUDY OF LIQUIDITY IN THE US CORPORATE BOND MARKET DURING FINANCIAL CRISES

Managing and Measuring Risk - World Scientific Series in Finance ◽

10.1142/9789814417501_0006 ◽

2013 ◽

pp. 159-200 ◽

Cited By ~ 2

Author(s):

Nils Friewald ◽

Rainer Jankowitsch ◽

Marti G. Subrahmanyam

Keyword(s):

Financial Crises ◽

Bond Market ◽

Corporate Bond ◽

Corporate Bond Market ◽

The Us

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Spillover Effects from the US Financial Crises: Some Time-Series Evidence from National Stock Returns

The Financial and Economic Crises ◽

10.4337/9781849806763.00007 ◽

2013 ◽

Cited By ~ 2

Author(s):

Apanard Penny Angkinand ◽

James R. Barth ◽

Hyeongwoo Kim

Keyword(s):

Time Series ◽

Stock Returns ◽

Financial Crises ◽

Spillover Effects ◽

The Us

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Accountants’ perceptions of tax amnesty: A survey during the COVID-19 pandemic in Greece

Corporate governance: A search for emerging trends in the pandemic times ◽

10.22495/cgsetpt3 ◽

2021 ◽

Author(s):

Stergios Tasios ◽

Evangelos Chytis ◽

Stefanos Gousias

Keyword(s):

United States ◽

Stock Markets ◽

Economic Activity ◽

Financial Crises ◽

The United States ◽

Tidal Wave ◽

Adverse Impact ◽

Tax Amnesty ◽

The Us ◽

Restrictive Measures

Although humanity has faced many plaques and epidemics from antiquity, the COVID-19 came as a tidal wave, overwhelming nations and governments. Restrictive measures, social distancing and ultimately lockdown and quarantine, emerged as a response to decelerate the spread of the disease and save human lives. These measures may have decreased COVID-19 cases, they had, however, an adverse impact on economic activity and stock markets (Ashraf, 2020). Research shows that the pandemic has already influenced the United States (the US), Germany, and Italy‘s stock markets more than the global financial crises (Shehzad, Xiaoxing, & Kazouz 2020)

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Is There a Connection between Sovereign CDS Spreads and the Stock Market? Evidence for European and US Returns and Volatilities

Mathematics ◽

10.3390/math8101667 ◽

2020 ◽

Vol 8 (10) ◽

pp. 1667

Author(s):

Laura Ballester ◽

Ana González-Urteaga

Keyword(s):

Stock Market ◽

Financial Crises ◽

Credit Default Swap ◽

Equity Returns ◽

Stock Market Volatility ◽

Market Returns ◽

Stock Market Returns ◽

Credit Default ◽

The Us ◽

The Relationship

This study complements the current literature, providing a thorough investigation of the lead–lag connection between stock indices and sovereign credit default swap (CDS) returns for 14 European countries and the US over the period 2004–2016. We use a rolling VAR framework that enables us to analyse the connection process over time covering both crisis and non-crisis periods. In addition, we analyse the relationship between stock market volatility and CDS returns. We find that the connection between the credit and equity markets does exist and that it is time variable and seems to be related to financial crises. We also observe that stock market returns anticipate sovereign CDS returns, and sovereign CDSs anticipate the conditional volatility of equity returns, closing a connectedness circle between markets. Contribution percentages in terms of returns are more intense in the US than in Europe and the opposite result is found with respect to volatilities. Within Europe, a greater impact in Eurozone countries compared to non-Eurozone countries is observed. Finally, an additional analysis is also carried out for the financial sector, obtaining results largely consistent with those found using sovereign data.

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