Showing 1 - 10 of 23
This paper analyses the link between economic fundamentals and exchange rates by investigating the importance of real-time data. We find that such economic news in the United States, Germany and the euro area have indeed been a driving force behind daily US dollar – euro/DEM exchange rate...
Persistent link: https://www.econbiz.de/10005070386
This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the … interest rates in the United States and the euro area. First, the paper finds that the interdependence of money markets has …. This indicates that the higher money market interdependence between the United States and the euro area is at least partly …
Persistent link: https://www.econbiz.de/10005070391
This paper investigates whether the degree and nature of interdependence between the United States and the euro area … States and the euro area. The paper finds that the interdependence of money markets has steadily increased over time, with …
Persistent link: https://www.econbiz.de/10005530902
This study assesses the degree of financial integration for a selected number of new EU member states between … themselves and with the euro zone. Within the framework of a factor model for market returns, we measure integration as the … amount of variance explained by the common factor relative to the local components. We show that this measure of integration …
Persistent link: https://www.econbiz.de/10005344949
The paper presents a framework for analyzing the degree of financial transmission between money, bond and equity markets and exchange rates within and between the United States and the euro area. We find that asset prices react strongest to other domestic asset price shocks, and that there are...
Persistent link: https://www.econbiz.de/10005162913
This paper analyzes the performance of global value chains during the trade collapse. To do so, it exploits a unique transaction-level dataset on French firms containing information on cross-border monthly transactions matched with data on worldwide intrafirm linkages as defined by property...
Persistent link: https://www.econbiz.de/10010686732
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is …
Persistent link: https://www.econbiz.de/10005222362
The paper analyses the impact of import penetration on firms’ profitability in 15 manufacturing industries in 10 euro area countries during 1995-2004, focusing on the role of emerging market economies. Our results indicate that import competition from emerging market economies has had an...
Persistent link: https://www.econbiz.de/10005344831
This paper tests whether the proposition that globalisation has led to greater sensitivity of domestic inflation to the …
Persistent link: https://www.econbiz.de/10005344845
This paper aims to shed light on why the downturn in global trade during the intensification of the financial crisis in 2008Q4-2009Q1 was so severe and synchronized across the world, and also examines the subsequent recovery in global trade during 2009Q2-2010Q1. The paper finds that a structural...
Persistent link: https://www.econbiz.de/10009277148