Narrow search
Showing 1 - 10 of 79
Cover Image
Oil Prices, Exchange Rates and Asset Prices
Fratzscher, Marcel; Schneider, Daniel; Robays, Ine Van - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
This paper takes a financial market perspective in examining the relationship between oil prices, the US dollar and asset prices, and it exploits the heteroskedasticity for the identification of causality in a multifactor model. It finds a bidirectional causality between the US dollar and oil...
Persistent link: https://www.econbiz.de/10010659948
Cover Image
Volatility Spillovers and Contagion from Mature to Emerging Stock Markets
Beirne, John; Caporale, Guglielmo Maria; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper examines volatility spillovers from mature to emerging stock markets and tests for changes in the …
Persistent link: https://www.econbiz.de/10004963766
Cover Image
Drivers of Structural Change in Cross-Border Banking since the Global Financial Crisis
Bremus, Franziska; Fratzscher, Marcel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of banks has risen sharply, especially among banks in the euro...
Persistent link: https://www.econbiz.de/10011185763
Cover Image
Global and Regional Spillovers in Emerging Stock Markets: A Multivariate GARCH-in-Mean Analysis
Beirne, John; Caporale, Guglielmo Maria; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper examines global (mature market) and regional (emerging market) spillovers in local emerging stock markets … America, and the Middle East. The models capture a range of possible transmission channels: spillovers in mean returns … suggest that spillovers from regional and global markets are present in the vast majority of EMEs. However, the nature of …
Persistent link: https://www.econbiz.de/10008461819
Cover Image
Effects of Global Liquidity on Commodity and Food Prices
Belke, Ansgar; Bordon, Ingo G.; Volz, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
This paper investigates the relationship between global liquidity and commodity and food prices applying a global cointegrated vector-autoregressive model. We use different measures of global liquidity and various indices of commodity and food prices for the period 1980-2011. Our results support...
Persistent link: https://www.econbiz.de/10010538693
Cover Image
Crop Failures and Export Tariffs
Baake, Pio; Huck, Steffen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export...
Persistent link: https://www.econbiz.de/10010896190
Cover Image
A Simple Model of an Oil Based Global Savings Glut: The "China Factor" and the OPEC Cartel
Belke, Ansgar; Gros, Daniel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
The purpose of this contribution is to illustrate the mechanism by which higher oil prices might lead to lower interest rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has interesting implications for how one views the huge...
Persistent link: https://www.econbiz.de/10005068691
Cover Image
Global Liquidity, World Savings Glut and Global Policy Coordination
Belke, Ansgar; Gros, Daniel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10008636402
Cover Image
Structuring International Financial Support for Climate Change Mitigation in Developing Countries
Neuhoff, Karsten; Fankhauser, Sam; Guerin, Emmanuel; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
In the Copenhagen Accord of December 2009, developed countries agreed to provide start-up finance for adaptation in developing countries and expressed the ambition to scale this up to $100 billion per year by 2020. The financial mechanisms to deliver this support have to be tailored to country...
Persistent link: https://www.econbiz.de/10008615359
Cover Image
Market Power Rents and Climate Change Mitigation: A Rationale for Coal Taxes?
Richter, Philipp M.; Mendelevitch, Roman; Jotzo, Frank - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...
Persistent link: https://www.econbiz.de/10011265687