... of crises, wars and pandemic shocks on selected macroeconomic variables. Design/methodology/approach The authors use unit root tests, structural vector autoregressive model and the Granger causality test according to Toda–Yamamoto with quarterly data over 1999–2022. Findings The results...

... Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Bank integration Crisis Insolvency risk Principle components analysis Granger causality Black-Scholes model Banks Government policy and regulation International finance F3 G21 G28...

... industrialized economies (NIEs) (Hong Kong, Singapore, South Korea and Taiwan) and emerging market economies (EMEs) (China and India) post Asian crisis of 1997 and also to capture the market interactions during the sub‐prime crisis. Design/methodology/approach The study has employed Granger causality tests...