Financial cycle synchronization in the advanced and systemic middle-income economies: evidence from a dynamic factor model

HIGHLIGHTS

• What: The analysis reveals that common factor-shared by both advanced and systemic middle-income economies-plays significant and persistent role in driving financial cycles across these regions. The aim of this study was to analyze the synchronization of financial cycles between advanced systemic economies (ASEs) and systemic middle-income countries (SMICs) by employing a dynamic factor model (DFM), a time-varying Granger causality (TVGC) model, and data covering the period from 1960Q1 to 2022Q4.
• Who: Umit Hacioglu from the Candidate, School of Accounting, Finance and Economics, University of KwaZulu Natal, South Africa have published . . .
  

   

  

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