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entire sample, and it is diversified across the clubs. Second, all methodologies confirm euro-area banking convergence. Third …This paper analyses banking convergence, measured through the ratios of deposits and loans to GDP, across 65 countries …, compares it with per capita income convergence, and tests its effect on real convergence. The focus of the paper is the group …
Persistent link: https://www.econbiz.de/10009144904
¿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
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 paper offers a critical assessment of the central proposition of the ��financial instability hypothesis��, i.e. that phases of expansion and investment growth are harbingers of increasing instability that can endogenously generate a financial crisis. As a preliminary, it...
Persistent link: https://www.econbiz.de/10005111561
When a bank defaults or stops trading in the interbank market, both a liquidity shortage in the market itself and mounting trading losses should be anticipated. To gain more insight into the way a liquidity crisis spreads, we apply network topology techniques to monthly data on deposits...
Persistent link: https://www.econbiz.de/10004980172
We examine the public debt management problem with respect to the maturity mix of new issues in a mean-variance framework. After identifying the main determinants of the long-run target (strategy), we focus on which interest rate conditions allow for a temporary deviation (tactics). The study is...
Persistent link: https://www.econbiz.de/10011207927
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
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