Media Response
Media Response January 2026 IWH: Ein seltsamer Rekord in: Frankfurter Allgemeine Sonntagszeitung, 11.01.2026 Steffen Müller: Zahl der Insolvenzen auf 20-Jahres-Hoch in: Welt am…
See page
Halle Institute for Economic Research
Slight upturn on the horizon, structural problems remain As the year draws to a close, it remains uncertain whether the German economy is on a path to recovery, as export weakness…
See page
East Germany
The Nasty Gap 30 years after unification: Why East Germany is still 20% poorer than the West Dossier In a nutshell The East German economic convergence process is hardly…
See page
Research Articles
Research Articles Explore cutting-edge research based on CompNet’s micro-aggregated firm-level data and related analytical tools. These articles cover empirical and theoretical…
See page
IWH-DPE in a Nutshell
IWH-DPE in a Nutshell Job Market Candidates Candidates from all four IWH departments will enter the academic job market in 2025/2026. Visit our job market page and learn more…
See page
Research Clusters
Three Research Clusters Each IWH research group is assigned to a topic-oriented research cluster. The clusters are not separate organisational units, but rather bundle the…
See page
Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one of the four research departments (Financial Markets – Laws, Regulations and Factor Markets –…
See page
10th CompNet Annual Conference
10th CompNet Annual Conference This year CompNet celebrates its 10th Annual Conference, together with Banque de France as co-host, which took place in Paris. The topic of the…
See page
Global Political Ties and the Global Financial Cycle
Gene Ambrocio, Iftekhar Hasan, Xiang Li
IWH Discussion Papers,
No. 23,
2023
Abstract
We study the implications of forging stronger political ties with the US on the sensitivities of stock returns around the world to a global common factor – the global financial cycle. Using voting patterns at the United Nations as a measure of political ties with the US along with various measures of the global financial cycle, we document evidence indicating that stronger political ties with the US amplify the sensitivities of stock returns in developing countries to the global financial cycle. We explore several channels and find that a deepening of financial linkages along with a reduction in information asymmetries and an amplification of sentiment are potentially important factors behind this result.
Read article
LRF Research Profile
Research Profile of the Department of Laws, Regulations and Factor Markets The Department of Laws, Regulations and Factor Markets conducts research on the interaction of labour…
See page
