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Foreign Bank Entry into Emerging Economies: An Empirical Assessment of the Determinants and Risks Predicated on German FDI Data

Wezel, Torsten - 2004

The paper investigates the factors crucial in the locational decisions of multinational German banks in selected emerging markets of central and eastern Europe, Latin America and Asia between 1994 and 2001. Emphasis is placed on testing variables of macroeconomic and financial sector risk along...

Persistent link: https://www.econbiz.de/10010295628

Does co-financing by multilateral development banks increase "risky" direct investment in emerging markets?

Wezel, Torsten - 2004

The paper discusses the question of whether financial participation of multilateral development banks does prompt private investors to inject more risky equity capital in emerging market banks. Using a theoretical model, it is stipulated that the presence of an official lender in a project gives...

Persistent link: https://www.econbiz.de/10010295629

Macroeconomic determinants of currency turbulences in emerging markets

Schnatz, Bernd - 1998

Persistent link: https://www.econbiz.de/10010478850

Makroökonomische Bestimmungsgründe von Währungsturbulenzen in "Emerging Markets"

Schnatz, Bernd - 1998

Persistent link: https://www.econbiz.de/10010478851

Market efficiency in the emerging securitized real estate markets

Schindler, Felix - 2010

This paper tests the random walk hypothesis and market efficiency for twelve emerging as well as for four developed securitized real estate markets from 1992 to 2009. Random walk properties of equity prices influence return dynamics, and market efficiency is often considered an essential...

Persistent link: https://www.econbiz.de/10010300506

The East European financial crisis

Åslund, Anders - 2009

eminently. The euro has proven credible both in the countries that officially adopted it and in the countries that adopted it … facilitate the accession of willing EU members to the euro by relaxing the ERM II conditions. …

Persistent link: https://www.econbiz.de/10011430838

Fiscal and monetary policy determinants of the Eurozone crisis and its resolution

Dabrowski, Marek - 2012

Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....

Persistent link: https://www.econbiz.de/10011430901

Has the euro affected the choice of invoicing currency?

Ligthart, Jenny E.; Werner, Sebastian E. V. - 2010

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

Persistent link: https://www.econbiz.de/10010275698

The Threat of Financial Contagion to Emerging Asia’s Local Bond Markets: Spillovers from Global Crises

Azis, Iwan J.; Mitra, Sabyasachi; Baluga, Anthony; … - 2013

This paper employs multivariate GARCH models with a BEKK specification to show significant shock and volatility spillovers from mature bond markets into select emerging Asian local currency bond markets. Results reveal that while the growth of individual bond markets in recent years has been...

Persistent link: https://www.econbiz.de/10010507534

Transpacific imbalances and macroeconomic codependency

Thorbecke, Willem - 2011

Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper argues that this strategy is causing macroeconomic...

Persistent link: https://www.econbiz.de/10010279816