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Transmission Channels of Financial Shocks to Stock, Bond, and Asset-Backed Markets

Viola Fabbrini , Massimo Guidolin , Manuela Pedio , Massimo Guidolin , Manuela Pedio

Researchers, policymakers and commentators have long debated the patterns through which adverse shocks in a few markets may quickly spread to a range of apparently disconnected financial markets causing widespread losses and turmoil. This book uses modern linear and...