Enghin Atalay of University of Wisconsin-Madison reviews “Financial and Macroeconomic Connectedness: A Network Approach to Measurement and Monitoring”, by Francis X. Diebold and Kamil Yilmaz. The Econlit abstract of this book begins: “Presents a framework for defining, measuring, and monitoring connectedness, focusing on connectedness in financial and related macroeconomic environments. Discusses measuring and monitoring financial and macroeconomic connectedness; US asset classes; major US financial institutions; global stock markets; sovereign bond markets; foreign exchange markets; assets across countries; and global business cycles. Diebold is Paul F. and Warren S. Miller Professor of Economics and Professor of Finance and Statistics in the Wharton School of Business at the University of Pennsylvania. Yilmaz is Professor of Economics at Koç University.”
