{"id":"https://openalex.org/W4415674185","doi":"https://doi.org/10.2139/ssrn.5659930","title":"When America Sneezes: US Monetary Policy & Information Spillovers to European Credit Markets","display_name":"When America Sneezes: US Monetary Policy & Information Spillovers to European Credit Markets","publication_year":2025,"publication_date":"2025-01-01","ids":{"openalex":"https://openalex.org/W4415674185","doi":"https://doi.org/10.2139/ssrn.5659930"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.5659930","doi":"https://doi.org/10.2139/ssrn.5659930","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5659930","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.5659930","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5035230148","display_name":"Dimitrios Gounopoulos","orcid":"https://orcid.org/0000-0002-1443-1659","observed_orcids":["https://orcid.org/0000-0002-1443-1659","https://orcid.org/0000-0002-0430-3450"]},"institutions":[{"id":"https://openalex.org/I51601045","display_name":"University of Bath","ror":"https://ror.org/002h8g185","country_code":"GB","type":"education","lineage":["https://openalex.org/I51601045"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Dimitrios Gounopoulos","raw_affiliation_strings":["University of Bath - School of Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Bath - School of Management","institution_ids":["https://openalex.org/I51601045"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5031336655","display_name":"Dimitrios Konstantios","orcid":"https://orcid.org/0000-0002-0430-3450","observed_orcids":["https://orcid.org/0000-0002-0430-3450"]},"institutions":[{"id":"https://openalex.org/I20648287","display_name":"Alba Graduate Business School, The American College of Greece","ror":"https://ror.org/0064e3s97","country_code":"GR","type":"education","lineage":["https://openalex.org/I20648287"]}],"countries":["GR"],"is_corresponding":true,"raw_author_name":"Dimitrios Konstantios","raw_affiliation_strings":["ALBA Graduate Business School","ALBA Graduate Business School, 6-8 Xenias Str, 115 28, Athens, GR, Athens, Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"ALBA Graduate Business School","institution_ids":["https://openalex.org/I20648287"]},{"raw_affiliation_string":"ALBA Graduate Business School, 6-8 Xenias Str, 115 28, Athens, GR, Athens, Greece","institution_ids":["https://openalex.org/I20648287"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5028330222","display_name":"Panayotis G. Michaelides","orcid":"https://orcid.org/0000-0002-1243-7176","observed_orcids":["https://orcid.org/0000-0002-1243-7176"]},"institutions":[{"id":"https://openalex.org/I174458059","display_name":"National Technical University of Athens","ror":"https://ror.org/03cx6bg69","country_code":"GR","type":"education","lineage":["https://openalex.org/I174458059"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Panayotis Michaelides","raw_affiliation_strings":["National Technical University of Athens (NTUA)","National Technical University of Athens (NTUA), Athens, Greece"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Technical University of Athens (NTUA)","institution_ids":["https://openalex.org/I174458059"]},{"raw_affiliation_string":"National Technical University of Athens (NTUA), Athens, Greece","institution_ids":["https://openalex.org/I174458059"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5053297496","display_name":"Arsenios\u2010Georgios N. Prelorentzos","orcid":"https://orcid.org/0000-0001-7183-2785","observed_orcids":["https://orcid.org/0000-0001-7183-2785"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Arsenios-Georgios Prelorentzos","raw_affiliation_strings":["Foundation for Economic and Industrial Research (IOBE)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Foundation for Economic and Industrial Research (IOBE)","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5000986233","display_name":"Kien C. Tran","orcid":"https://orcid.org/0000-0003-3155-341X","observed_orcids":["https://orcid.org/0000-0003-3155-341X","https://orcid.org/0009-0000-5516-879X"]},"institutions":[{"id":"https://openalex.org/I107949126","display_name":"University of Lethbridge","ror":"https://ror.org/044j76961","country_code":"CA","type":"education","lineage":["https://openalex.org/I107949126"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Kien Tran","raw_affiliation_strings":["University of Lethbridge","University of Lethbridge, 4401 University Drive, Lethbridge, Alberta T1K 3M4, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Lethbridge","institution_ids":["https://openalex.org/I107949126"]},{"raw_affiliation_string":"University of Lethbridge, 4401 University Drive, Lethbridge, Alberta T1K 3M4, Canada","institution_ids":["https://openalex.org/I107949126"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5031336655"],"corresponding_institution_ids":["https://openalex.org/I20648287"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5648999810218811,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5648999810218811,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.2240000069141388,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.1234000027179718,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-spillovers","display_name":"monetary policy spillovers","score":0.8640000224113464},{"id":"https://openalex.org/keywords/information-spillovers","display_name":"information spillovers","score":0.7160000205039978},{"id":"https://openalex.org/keywords/central-bank-communication","display_name":"central bank communication","score":0.7900000214576721},{"id":"https://openalex.org/keywords/syndicated-loans","display_name":"syndicated loans","score":0.9819999933242798},{"id":"https://openalex.org/keywords/credit-supply","display_name":"credit supply","score":0.5460000038146973},{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":0.6299999952316284},{"id":"https://openalex.org/keywords/us-monetary-policy","display_name":"US monetary policy","score":0.6710000038146973}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6518999934196472},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5942999720573425},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5674999952316284},{"id":"https://openalex.org/C88583849","wikidata":"https://www.wikidata.org/wiki/Q5183768","display_name":"Credit channel","level":4,"score":0.4325999915599823},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4221000075340271},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.37470000982284546},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.37450000643730164},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.35429999232292175},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.352400004863739},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.335099995136261},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.33070001006126404},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.25929999351501465},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.25690001249313354},{"id":"https://openalex.org/C2780615719","wikidata":"https://www.wikidata.org/wiki/Q5449723","display_name":"Financial integration","level":3,"score":0.25609999895095825},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.25200000405311584},{"id":"https://openalex.org/C510755694","wikidata":"https://www.wikidata.org/wiki/Q281095","display_name":"Financial regulation","level":2,"score":0.2508000135421753},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.25049999356269836}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.5659930","doi":"https://doi.org/10.2139/ssrn.5659930","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5659930","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.5659930","doi":"https://doi.org/10.2139/ssrn.5659930","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.5659930","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W1483076664","https://openalex.org/W1552113529","https://openalex.org/W1597049462","https://openalex.org/W1858107019","https://openalex.org/W1989520266","https://openalex.org/W1991258191","https://openalex.org/W2009492905","https://openalex.org/W2016585563","https://openalex.org/W2018792429","https://openalex.org/W2021927227","https://openalex.org/W2041175506","https://openalex.org/W2048267822","https://openalex.org/W2053814546","https://openalex.org/W2056964551","https://openalex.org/W2079330383","https://openalex.org/W2088133319","https://openalex.org/W2100641458","https://openalex.org/W2104937868","https://openalex.org/W2112938220","https://openalex.org/W2115657206","https://openalex.org/W2119189903","https://openalex.org/W2132951702","https://openalex.org/W2133670123","https://openalex.org/W2157028860","https://openalex.org/W2165100677","https://openalex.org/W2165380057","https://openalex.org/W2166377256","https://openalex.org/W2230143319","https://openalex.org/W2232369953","https://openalex.org/W2345677804","https://openalex.org/W2553269777","https://openalex.org/W2580735467","https://openalex.org/W2796635882","https://openalex.org/W2828456565","https://openalex.org/W2954975919","https://openalex.org/W2969136611","https://openalex.org/W2989108253","https://openalex.org/W3022367431","https://openalex.org/W3025529092","https://openalex.org/W3041828185","https://openalex.org/W3121293400","https://openalex.org/W3121758494","https://openalex.org/W3121797308","https://openalex.org/W3122515577","https://openalex.org/W3123105184","https://openalex.org/W3123471785","https://openalex.org/W3123580916","https://openalex.org/W3124288631","https://openalex.org/W3124520864","https://openalex.org/W3124656445","https://openalex.org/W3124933125","https://openalex.org/W3125780895","https://openalex.org/W3125916795","https://openalex.org/W4386375349","https://openalex.org/W4394617917","https://openalex.org/W4408635030","https://openalex.org/W4412627840"],"related_works":["https://openalex.org/W7171736668","https://openalex.org/W3124956525","https://openalex.org/W3122336644","https://openalex.org/W7134986075","https://openalex.org/W2759440423","https://openalex.org/W4408790559","https://openalex.org/W6964768350","https://openalex.org/W2181645776","https://openalex.org/W3123325309","https://openalex.org/W4407419080"],"abstract_inverted_index":null,"counts_by_year":[],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2025-10-29T00:00:00"}
