No economy is an island: how foreign shocks affect UK macrofinancial stability

Ambrogio Cesa-Bianchi, Rosie Dickinson (), Sevim Kosem (), Simon Lloyd and Ed Manuel
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Rosie Dickinson: Bank of England
Sevim Kosem: Bank of England

Bank of England Quarterly Bulletin, 2021, vol. 61, issue 3, 1-1

Abstract: This article explores the trade and financial channels through which foreign developments can be transmitted to the UK. We quantify how global developments have affected UK GDP historically, and analyse their potential influence in future rare events. We also discuss the actions taken following the global financial crisis to address vulnerabilities in the global financial system and promote ‘safe openness’.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0261

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