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The Determinants of Cross-Border Bank Flows to Emerging Markets : New Empirical Evidence on the Spread of Financial Crises

Herrmann, Sabine - 2016

This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on cross-border bank flows from 17 advanced to 28...

Persistent link: https://www.econbiz.de/10012991084

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

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