Fariborz Moshirian

Working paper

Commonality in liquidity

Following previous research which established that liquidity commonality exists within one stock market over a short period of time, this paper finds that liquidity commonality also exists globally. Utilising a large number of stock exchanges and a twelve year research timeframe, this paper observes that...
Working paper

Aspects of regional financial stability: a policy approach

This paper analyses some of the financial issues that could contribute to the develoment of a more resilient global financial system and contribute to regional financial stability.
Working paper

Global Financial Crisis, liquidity shocks and global financial stability

The most recent global financial crisis, characterized as a liquidity crunch, began in the U.S. in late 2007 and quickly spread to other countries. The rapid propagation of the liquidity shock and the severe effects of the crisis on stock market performance have raised several...
Working paper

Banks non-interest income and global financial stability

Depositary institutions over the last 15 years have increased the share of non-traditional revenue in total income.While the change in business models is a global phenomenon, it is more pronounced in countries such as the U.S., France and the U.K. In this study, we examine...