IDEAS home Printed from https://ideas.repec.org/a/boe/qbullt/0261.html
   My bibliography  Save this article

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

Author

Listed:
  • Cesa-Bianchi, Ambrogio

    (Bank of England)

  • Dickinson, Rosie

    (Bank of England)

  • Kosem, Sevim

    (Bank of England)

  • Lloyd, Simon

    (Bank of England)

  • Manuel, Ed

    (Bank of England)

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’.

Suggested Citation

  • Cesa-Bianchi, Ambrogio & Dickinson, Rosie & Kosem, Sevim & Lloyd, Simon & Manuel, Ed, 2021. "No economy is an island: how foreign shocks affect UK macrofinancial stability," Bank of England Quarterly Bulletin, Bank of England, vol. 61(3), pages 1-1.
    • Handle: RePEc:boe:qbullt:0261
    as

    Download full text from publisher

    File URL: https://www.bankofengland.co.uk/quarterly-bulletin/2021/2021-q3/no-economy-is-an-island-how-foreign-shocks-affect-uk-macrofinancial-stability
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brenda Guevara & Gabriel Rodríguez & Lorena Yamuca Salvatierra, 2024. "External Shocks and Economic Fluctuations in Peru: Empirical Evidence using Mixture Innovation TVP-VAR-SV Models," Documentos de Trabajo / Working Papers 2024-529, Departamento de Economía - Pontificia Universidad Católica del Perú.
    2. Simon Lloyd & Ed Manuel & Konstantin Panchev, 2024. "Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-at-Risk," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 335-392, March.
    3. Milas, Costas & Panagiotidis, Theodore & Papapanagiotou, Georgios, 2024. "UK Foreign Direct Investment in uncertain economic times," Journal of International Money and Finance, Elsevier, vol. 147(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boe:qbullt:0261. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publications Group (email available below). General contact details of provider: https://edirc.repec.org/data/boegvuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.