Similar Search Results

Determinants of workers’ remittances: evidence from the European Neighbouring Region

Schiopu, Ioana; Siegfried, Nikolaus - European Central Bank - 2006

Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the … main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus … investment motive. Finally, migrants’ skills raise remittances, while a large informal economy in the sending country depresses …

Persistent link: https://www.econbiz.de/10005530796

Migrants' choice of remittance channel: Do general payment habits play a role?

Kosse, Anneke; Vermeulen, Robert - European Central Bank - 2014

habits: migrants who regularly use internet banking for other purposes are more likely to use bank services for remittances …

Persistent link: https://www.econbiz.de/10011067281

Does it pay to have the euro? Italy’s politics and financial markets under the lira and the euro

Fratzscher, Marcel; Stracca, Livio - European Central Bank - 2009

There is a broad consensus that the quality of the political system and its institutionsare fundamental for a country’s prosperity. The paper focuses on political events inItaly over the past 35 years and asks whether the adoption of the euro in 1999 hashelped insulate Italy’s financial...

Persistent link: https://www.econbiz.de/10005866519

Securitization and lending standards: evidence from the wholesale loan market

Kara, Alper; Marqués-Ibáñez, David; Ongena, Steven - European Central Bank - 2011

We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior on the syndicated loan market. We find that banks more active at originating asset-backed securities are also more aggressive on their loan pricing practices. This suggests...

Persistent link: https://www.econbiz.de/10009216682

Global crises and equity market contagion

Bekaert, Geert; Ehrmann, Michael; Fratzscher, Marcel; … - European Central Bank - 2011

Using the 2007-2009 financial crisis as a laboratory, we analyze the transmission of crises to country-industry equity portfolios in 55 countries. We use an asset pricing framework with global and local factors to predict crisis returns, defining unexplained increases in factor loadings as...

Persistent link: https://www.econbiz.de/10009293721

Some lessons from the financial crisis for the economic analysis

Kenny, Geoff; Morgan, Julian - European Central Bank - 2011

The economics profession in general, and economic forecasters in particular, have faced some understandable criticism …

Persistent link: https://www.econbiz.de/10009327807

Theoretical notes on bubbles and the current crisis

Martin, Alberto; Ventura, Jaume - European Central Bank - 2011

We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...

Persistent link: https://www.econbiz.de/10009643615

Bank risk during the financial crisis: do business models matter?

Altunbas, Yener; Marqués-Ibáñez, David; Manganelli, … - European Central Bank - 2011

We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models. Institutions with higher risk exposure had less capital, larger size, greater reliance on short-term market funding, and aggressive credit growth. Business models related to significantly reduced bank...

Persistent link: https://www.econbiz.de/10009367473

The global financial crisis: trying to understand the global trade downturn and recovery

Anderton, Robert; Tewolde, Tadios - European Central Bank - 2011

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

The benefits of fiscal consolidation in uncharted waters

Rother, Philipp; Schuknecht, Ludger; Stark, Jürgen - European Central Bank - 2010

This paper looks at fiscal sustainability and fiscal risks from a comprehensive, global perspective. It argues that the benefits of consolidation have to be re-assessed given that industrialised countries have entered uncharted waters with unsustainable public debt dynamics and enormous...

Persistent link: https://www.econbiz.de/10008694977