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Responsibility of States and Central Banks in the Euro Crisis

Sinn, Hans-Werner - In: CESifo Forum 15 (2014) 1, pp. 3-36

to refinancing credits 4.3 Target losses in the case of exit and bankruptcy, should the euro continue to exist 4.4 Target … losses in the case of a euro break-up or a German exit 4.5 Shift in growth forces due to free insurance coverage 4.6 The path …

Persistent link: https://www.econbiz.de/10011696132

The day-of-the-week effect revisited: An alternative testing approach

Alt, Raimund; Fortin, Ines; Weinberger, Simon - 2002

This paper questions traditional approaches for testing the day-of-the-week effect on stock returns. We propose an alternative approach based on the closure test principle introduced by Marcus, Peritz and Gabriel (1976), which has become very popular in Biometrics and Medical Statistics. We test...

Persistent link: https://www.econbiz.de/10010292794

Combining forecasts based on multiple encompassing tests in a macroeconomic core system

Costantini, Mauro; Kunst, Robert M. - 2009

We investigate whether and to what extent multiple encompassing tests may help determine weights for forecast averaging in a standard vector autoregressive setting. To this end we consider a new test-based procedure, which assigns non-zero weights to candidate models that add information not...

Persistent link: https://www.econbiz.de/10010294025

The Greek Tragedy

Sinn, Hans-Werner - In: CESifo Forum 16 (2015) Special Issue, pp. 5-35

Contents: 1. The Public Rescue Credit 2. Did the Money Help? 3. Who Benefited from the Rescue Credit? 4. Interest Rebates 5. Risks of Creditor Countries 6. Loss of Competitiveness and Four Options for Greece 7. Advantages and Disadvantages of a Grexit 8. The Exit Procedure 9. Concluding Remarks

Persistent link: https://www.econbiz.de/10011696202

The effects of Dollar/Sterling exchange rate volatility of futures markets for coffee and cocoa

Jumah, Adusei; Kunst, Robert M. - 1999

The paper investigates the extent to which the dollar/sterling exchange rate fluctuations affect coffee and cocoa futures prices on the London LIFFE and the New York CSCE by means of multivariate GARCH models - under the assumption that traders in perfectly competitive markets have equal access...

Persistent link: https://www.econbiz.de/10010291928

Euro Crisis or Fiscal Crisis: Looking for the Right Diagnosis and Therapy

Dabrowski, Marek - In: CESifo Forum 12 (2011) 4, pp. 30-36

Persistent link: https://www.econbiz.de/10011696032

Rescuing Europe

Sinn, Hans-Werner - In: CESifo Forum 11 (2010) Special Issue, pp. 1-22

countries are also endangered. Although the EU has tried to contain the euro crisis with extensive rescue operations that have … reconsidered. Yet the euro should not be given up. The euro itself is indispensible for Europe. During the financial crisis it has … necessary ingredient of further European integration. Nevertheless, Hans-Werner Sinn argues that the euro has not been as …

Persistent link: https://www.econbiz.de/10011695991

Becoming Slimmer: Why Europe Needs to Cut Debt and Reduce Leverage

Gros, Daniel - In: CESifo Forum 14 (2013) 3, pp. 17-24

Persistent link: https://www.econbiz.de/10011696119

Europe’s Crises, Germany’s Leadership and Turkey’s EU Accession Process

Turhan, Ebru - In: CESifo Forum 17 (2016) 2, pp. 25-29

Persistent link: https://www.econbiz.de/10011696228

Lessons from the Collapse of the Transferable Ruble System and the Joint Currency of Former CMEA Countries for the Eurozone

Conway, Patrick - In: CESifo Forum 17 (2016) 4, pp. 48-53

Persistent link: https://www.econbiz.de/10011696243