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Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 107 countries; we focus on national causes and … consequences of the crisis, ignoring cross-country "contagion" effects. Our model of the incidence of the crisis combines 2008 …
Persistent link: https://www.econbiz.de/10004969128
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Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages … that may have allowed the crisis to spread across countries. Our model of the cross-country incidence of the crisis …
Persistent link: https://www.econbiz.de/10008528523
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Why so Glum? The Meese-Rogoff Methodology Meets the Stock Market
Flood, Robert P; Rose, Andrew K - C.E.P.R. Discussion Papers - 2008
random walk model of stock prices performs as well as any estimated model at one to twelve month horizons, even though we …, aggregate stock prices seem to be as difficult to model empirically as exchange rates. …
Persistent link: https://www.econbiz.de/10005124429
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One Money, One Market: Estimating the Effect of Common Currencies on Trade
Rose, Andrew K - C.E.P.R. Discussion Papers - 1999
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international …
Persistent link: https://www.econbiz.de/10005666776
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The Olympic Effect
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
than the act of actually holding a mega-event. We develop a political economy model that formalizes this idea, and derives …
Persistent link: https://www.econbiz.de/10005788959
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The Real Effects of the Euro: Evidence from Corporate Investments
Bris, Arturo; Koskinen, Yrjö; Nilsson, Mattias - C.E.P.R. Discussion Papers - 2004
) investments for EMU-firms have grown 2.5% more than for non-EMU firms, after 1999; and (ii) the benefits of the euro accrue …
Persistent link: https://www.econbiz.de/10005123821
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The Real Effects of Investor Sentiment
Polk, Christopher; Sapienza, Paola - C.E.P.R. Discussion Papers - 2003
traders to arbitrageurs? We study firm business investment to address this question. In our model, benevolent managers of … over invest (under invest). Consistent with the predictions of our model, we find that investment is more sensitive to …
Persistent link: https://www.econbiz.de/10005067581
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Investments and the Holdup Problem in a Matching Market
Bester, Helmut - C.E.P.R. Discussion Papers - 2009
frictions, both parties in a match are partially locked-in when they bargain over the joint surplus from their sunk investments … case of investments in homogenous capital only the agents on the short side acquire ownership of capital. There is always …
Persistent link: https://www.econbiz.de/10005036243
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The Race for Telecoms Infrastructure Investment with Bypass: Can Access Regulation Achieve the First-best?
Vareda, Bastos; Miguel, João; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2007
We analyze the impact of mandatory access on the infrastructure investments of two competing communications networks …
Persistent link: https://www.econbiz.de/10005497926
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Risk Management with Benchmarking
Basak, Suleyman; Shapiro, Alex; Teplá, Lucie - C.E.P.R. Discussion Papers - 2005
Portfolio theory must address the fact that, in reality, portfolio managers are evaluated relative to a benchmark, and therefore adopt risk management practices to account for the benchmark performance. We capture this risk management consideration by allowing a prespecified shortfall from a...
Persistent link: https://www.econbiz.de/10005114400