On the synchronization of banking financial indexes: a wavelet-based approach

Abstract We add to the discussion on the transmission of business cycles, by modeling worldwide banking sector indices cycle synchronization, accounting for the time-varying and frequency-specific behavior of the variables. Based on the multiple coherence, partial coherence, partial phase-difference, and partial gain, we find regions of strong and significant coherency between NAFTA partners, and in the European core: France, Germany, and the United Kingdom. Concerning such trade blocs, we also find strong performance in the period 2010-2012 in all frequencies, a period characterized by the sovereign debt crisis in some European countries.

• Publication year

  2022

• Venue

  Estudos Econômicos

• Publication date

  2022-09-01

• Fields of study

  Not labeled

• Identifiers
  DOI 10.1590/1980-53575234wpc
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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