Showing 1 - 10 of 34
The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even though market overreaction and herding caused the plunge of exchange rates, asset prices and economic activity to be more...
Persistent link: https://www.econbiz.de/10005111544
We exploit a gravity model to study the main determinants of cross-border financial flows and to identify those flows that appear to be abnormally above the predicted value. Our data include all Italian cross-border bank transfers that took place between 2007 and 2010. We find that, other things...
Persistent link: https://www.econbiz.de/10011100369
second session dealt with the specific problems of the euro area, where insufficient attention to macroeconomic developments …
Persistent link: https://www.econbiz.de/10011277938
¿½ memory for cinema prices with questionnaires distributed to moviegoers. The analysis concentrates on the memory of pre-euro … respondents recalled the correct price, and that the average prices recalled were much lower than the actual pre-euro prices and …
Persistent link: https://www.econbiz.de/10005770754
We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected … the euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption … restructuring more since the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream …
Persistent link: https://www.econbiz.de/10005011988
This study investigates inflation perceptions in both qualitative and quantitative terms and their relationship with factors likely to affect them. This has been done in a unified framework through a survey of a representative sample of Italian consumers carried out at the end of 2006. The...
Persistent link: https://www.econbiz.de/10005609345
The introduction of the euro notes and coins in the first two months of 2002 was followed by a lively debate on the … alleged inflationary effects of the new currency. In Italy, as in the rest of the euro area, survey-based measures signaled a … hypothesis that, after the introduction of the euro notes and coins, consumer prices underwent an increase not recorded by …
Persistent link: https://www.econbiz.de/10005609383
Following the introduction of euro banknotes and coins many Italians perceived a much sharper increase in the price …
Persistent link: https://www.econbiz.de/10005609402
The data collected by the IMF in the Coordinated Portfolio Investment Survey (CPIS) provide a unique source for foreign portfolio asset holdings, with details on the breakdown by instrument and counterpart country. In the presence of sizeable cross-border positions in mutual funds, which are...
Persistent link: https://www.econbiz.de/10005770791
Since the mid-nineties international financial integration has advanced gradually in the emerging areas of Asia, while it has progressed rapidly in Central and Eastern Europe. This process has helped provide long-term benefits for the economies of the two regions in terms of faster productivity...
Persistent link: https://www.econbiz.de/10005609420