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Financial linkages: Spain, France and Italy are the most exposed eurozone countries to Turkey.
Russia's trade and financial linkages to America were minimal.
"Through trade and financial linkages, financial and economic distress in foreign markets can come home to roost," Mr Buiter warns.
But Dalio, rather than looking at trade in goods and services, emphasizes financial linkages in his analysis and, in particular, the global debt cycle.
But Dalio, rather than looking at trade in goods and services, emphasizes financial linkages in his analysis — and, in particular, the global debt cycle.
The net result was hundreds of undiversified small banks that had no financial linkages with one another whose risk analysis procedures included the verification of customers' belief in a particular interpretation of the story of a man called Jesus.
Similar(42)
Her research focuses on contagion, macro-financial linkages, and methods to measure and mitigate systemic risks.
"Challenges were compounded by the unusually high speed and depth of cross-country interconnections between real and financial developments, the increased variability of economic growth compared with the pre-crisis period, the lack of timely data on many important financial factors, and the limited understanding of macro-financial linkages," it said.
His research spans the broad array of theoretical and applied topics confronted by macroeconomic policymakers, such as econometric measurement of policy effects, political economy of policy and understanding macro-financial linkages.
Faust's research spans a broad array of theoretical and applied topics confronted by macroeconomic policymakers, such as econometric measurement of policy effects, political economy of policy, and understanding macro-financial linkages.
After the global financial crisis, shortcomings in existing systems of monitoring of macro-financial linkages have been acknowledged - see Canuto and Cavallari (2013).
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