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QE in the euro area : has the PSPP benefited peripheral bonds?

Belke, Ansgar; Gros, Daniel - 2019

The asset purchase program of the Euro area, active between 2015 and 2018, constitutes an interesting special case of Quantitative Easing (QE) because the ECB's (Public Sector Purchase Program) PSPP program involved the purchase of the bonds of peripheral Euro area governments, which were...

Persistent link: https://www.econbiz.de/10012031124

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrzańska, Anna; Gros, Daniel; Smaga, Pawel - 2016

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

Persistent link: https://www.econbiz.de/10011575977

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016

This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...

Persistent link: https://www.econbiz.de/10011582248

State-of-play in implementing macroeconomic adjustment programmes in the euro area

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014

reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to …

Persistent link: https://www.econbiz.de/10010429261

Production networks in Europe : a natural experiment of the EU enlargement to the east

Martínez-Zarzoso, Inmaculada; Voicu, Anca M.; Vidovic, … - 2020

find that the effect of the 2004 EU enlargement has been positive for both intermediate and final goods trade, and it is in …

Persistent link: https://www.econbiz.de/10012197601

Turkey and the Ankara treaty of 1963 : what can trade integration do for Turkish exports?

Nowak-Lehmann D., Felicitas; Herzer, Dierk; … - 2005

This paper investigates the trade effects of Turkey’s trade integration into the EU. To this end sectoral trade flows … to the EU based on panel data from the period 1988 to 2002 are examined concentrating on Turkey's sixteen most important … export sectors. Emphasis is placed on the role of price competition, EU protection, and transport costs in the export trade …

Persistent link: https://www.econbiz.de/10002846553

MERCOSUR-European Union Trade : how important is EU trade liberalisation for MERCOSUR's exports?

Martínez-Zarzoso, Inmaculada (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002166923

CEECs integration into regional and global production networks

Martínez-Zarzoso, Inmaculada; Voicu, Anca M.; Vidovic, … - 2011

This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. We employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. We first estimate the model for...

Persistent link: https://www.econbiz.de/10009126416

Has the financial crisis eroded citizens' trust in the European Central Bank? : evidence from 1999-2010

Roth, Felix; Gros, Daniel; Nowak-Lehmann D., Felicitas - 2011

Trust in the ECB has fallen to unprecedented lows in the aftermath of the financial crisis. Up to the start of the recession in 2008, trust levels in the ECB were moderately high and trust in the ECB was not affected by business cycle variables such as growth and inflation. This changed...

Persistent link: https://www.econbiz.de/10009126422

Has the financial crisis eroded citizens’ trust in the European Central Bank? : panel data evidence for the euro area ; 1999-2011

Roth, Felix; Gros, Daniel; Nowak-Lehmann D., Felicitas - 2012 - Revised Version: March 2012

In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...

Persistent link: https://www.econbiz.de/10009711914