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Political Risk and Export Promotion : Evidence from Germany

Moser, Christoph - 2016

Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity...

Persistent link: https://www.econbiz.de/10012991169

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