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Global Business Cycles : Convergence or Decoupling?

Kose, M. Ayhan - 2016

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups: industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...

Persistent link: https://www.econbiz.de/10012991111

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012840446

Foreign Demand for Euro Banknotes Issued in Germany : Estimation Using Direct Approaches

Bartzsch, Nikolaus - 2016

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … circulation in other euro-area countries. The analysis is based on various available statistics and, as an additional aid, on …

Persistent link: https://www.econbiz.de/10012991024

Foreign Demand for Euro Banknotes Issued in Germany : Estimation Using Indirect Approaches

Bartzsch, Nikolaus - 2016

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … circulation in other euro-area countries. The analysis is based on approaches that estimate the volume of banknotes in circulation …

Persistent link: https://www.econbiz.de/10012991027