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Financial stability challenges for EU acceding and candidate countries: making financial systems more resilient in a challenging environment

ESCB, IRC Expert Group of the - European Central Bank - 2012

This Occasional Paper reviews financial stability challenges in countries preparing for EU membership with a candidate country status, i.e. Croatia (planned to accede to the EU on 1 July 2013), Iceland, the former Yugoslav Republic of Macedonia, Montenegro and Turkey. It follows a...

Persistent link: https://www.econbiz.de/10010693511

Financial stability challenges for EU acceding and candidate countries: making financial systems more resilient in a challenging environment

ESCB, IRC Expert Group of the - European Central Bank - 2012

Persistent link: https://www.econbiz.de/10010688326

Export dynamics and sales at home

Berman, Nicolas; Berthou, Antoine; Héricourt, Jérôme - European Central Bank - 2014

affect the firms' demand on foreign markets to instrument yearly variations in exports. We use alternatively as instruments …

Persistent link: https://www.econbiz.de/10011067217

Institutional features of wage bargaining in 23 European countries, the US and Japan

Du Caju, Philip; Gautier, Erwan; Momferatou, Daphne; … - European Central Bank - 2008

This paper presents information on wage bargaining institutions, collected using a standardised questionnaire. Our data …-setting institutions. JEL Classification: J31, J38, J51, J58 …

Persistent link: https://www.econbiz.de/10005344868

What drives international bank flows? Politics, institutions and other determinants

Papaioannou, Elias - European Central Bank - 2005

This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international …), well-functioning institutions are a key driving force for international bank flows. Specifically, foreign banks invest … banking system. 3) Beyond institutions, politics exert also a firstorder impact. 4) The European Integration process has …

Persistent link: https://www.econbiz.de/10005816300

Economic performance and government size

Afonso, António; Jalles, João Tovar - European Central Bank - 2011

We construct a growth model with an explicit government role, where more government resources reduce the optimal level of private consumption and of output per worker. In the empirical analysis, for a panel of 108 countries from 1970-2008, we use different proxies for government size and...

Persistent link: https://www.econbiz.de/10009371720

The determinants of public deficit volatility

Agnello, Luca; Sousa, Ricardo M. - European Central Bank - 2009

This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using the system-GMM estimator for linear dynamic panel data models and a sample of 125 countries analyzed from 1980 to 2006, we show that higher public deficit volatility is typically...

Persistent link: https://www.econbiz.de/10005002762

How are firms’ wages and prices linked: survey evidence in Europe

Druant, Martine; Fabiani, Silvia; Kezdi, Gabor; Lamo, Ana; … - European Central Bank - 2009

exposure to foreign markets and the share of labour costs in total cost. Instead, country specificities, mostly related to the …

Persistent link: https://www.econbiz.de/10005049561

The pecking order of cross-border investment

Daude, Christian; Fratzscher, Marcel - European Central Bank - 2006

determinants of this pecking order: information frictions and the quality of host country institutions. Overall, we find that in … institutions. This provides new evidence in favor of some hypotheses but contradicts others put forward in the theoretical …

Persistent link: https://www.econbiz.de/10005530841

Price and wage setting in Portugal: learning by asking

Martins, Fernando - European Central Bank - 2011

This paper presents the main findings of a survey conducted on a sample of Portuguese firms. The main aim was to identify some relevant characteristics about the dynamics of prices and wages in Portugal. The most important conclusions are: i) changes to wages are more synchronized than changes...

Persistent link: https://www.econbiz.de/10008922895