Showing 1 - 10 of 26
longer horizons. While the success of the G7 is partly dependent on the market environment, it is also to a significant …
Persistent link: https://www.econbiz.de/10005816257
reflect contemporaneous information about bank riskin the United States and in Europe.2 In our study, we firstexamine the …
Persistent link: https://www.econbiz.de/10005869753
This paper analyzes the performance of global value chains during the trade collapse. To do so, it exploits a unique … transaction-level dataset on French firms containing information on cross-border monthly transactions matched with data on …
Persistent link: https://www.econbiz.de/10010686732
This study assesses the degree of financial integration for a selected number of new EU member states between … themselves and with the euro zone. Within the framework of a factor model for market returns, we measure integration as the … amount of variance explained by the common factor relative to the local components. We show that this measure of integration …
Persistent link: https://www.econbiz.de/10005344949
The paper presents a framework for analyzing the degree of financial transmission between money, bond and equity markets and exchange rates within and between the United States and the euro area. We find that asset prices react strongest to other domestic asset price shocks, and that there are...
Persistent link: https://www.econbiz.de/10005162913
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is …
Persistent link: https://www.econbiz.de/10005222362
In this paper we study the impact of shocks to global risk and global risk aversion (such as Lehman) as well as shocks with a more idiosyncratic nature (such as the euro debt crisis) on cross border portfolio flows, taking the perspective of foreign investors. We find robust evidence of...
Persistent link: https://www.econbiz.de/10010709541
This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism. JEL Classification: E32, E37, C32, C53
Persistent link: https://www.econbiz.de/10005531008
strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We �nd …
Persistent link: https://www.econbiz.de/10005049557
In an overlapping generations maximization framework with consumers, whose information on uncertain future income …
Persistent link: https://www.econbiz.de/10005816327