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Giofre, Maela - FIW - 2009

This paper demonstrates that, after integration, equity portfolios of countries that joined the European Monetary Union have converged at faster rate than those of NON EMU countries. This outcome can be interpreted as a combination of the convergence of inflation rates and the convergence of...

Persistent link: https://www.econbiz.de/10005004241

Another look at the determinants of current account imbalances in the European Union: An empirical assessment

Gehringer, Agnieszka - FIW - 2013

In a dynamic panel framework, I investigate the qualitative aspects of factors determining current account imbalances in (country groupings within) the European Union. I consider the standard determinants of current account positions discussed in the past literature, but additionally, I include...

Persistent link: https://www.econbiz.de/10010628250

Bank Competition and International Financial Integration: Evidence using a new index

Pasricha, Gurnain Kaur - FIW - 2009

explore this question and confirms a strong link. The level of de-jure controls, volatility and institutions matter for price …

Persistent link: https://www.econbiz.de/10008495511

Does the nominal exchange rate regime affect the real interest parity condition?

Dreger, Christian - FIW - 2010

The real interest parity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...

Persistent link: https://www.econbiz.de/10008751901

How to Measure Globalisation? A New Globalisation Index (NGI)

Vujakovic, Petra - FIW - 2010

In this article, a new composite globalisation index will be presented. With its 21 variables, it accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced...

Persistent link: https://www.econbiz.de/10008619339

Exchange Return Co-movements and Volatility Spillovers Before and After the Introduction of Euro

Antonakakis, Nikolaos - FIW - 2012

This paper examines co-movements and volatility spillovers in the returns of the euro, the British pound, the Swiss … significant co-movements and volatility spillovers across the four exchange returns, but their extend is, on average, lower in the … latter period. Return co-movements and volatility spillovers show large variability though, and are positively associated …

Persistent link: https://www.econbiz.de/10010548267

Measuring the Impact of Exchange Rate Movements on Domestic Prices: A Cointegrated VAR Analysis

Cheikh, Nidhaleddine Ben; Louhichi, Waël - FIW - 2014

This paper measures the pass-through of exchange rate changes into domestic inflation within a cointegrated VAR (CVAR) framework. This issue is of particular interest for the euro area (EA) as Member Sates cede their national currencies and no longer have options of using monetary policy to...

Persistent link: https://www.econbiz.de/10010856782

The real exchange rate of an oil exporting economy: Empirical evidence from Nigeria

Suleiman, Hassan; Muhammad, Zahid - FIW - 2011

In this study the long-run relationship between real oil price, real effective exchange rate and productivity differentials is examined using annual data for Nigeria over the period 1980 to 2010. We aim to investigate whether oil price fluctuations and productivity differentials affect the real...

Persistent link: https://www.econbiz.de/10009320147

Exploring oil price – exchange rate nexus for Nigeria

Muhammad, Zahid; Suleiman, Hassan; Kouhy, Reza - FIW - 2011

This paper investigates the oil price – exchange rate nexus for Nigeria during the period 2007-2010 using daily data. The generalised autoregressive conditional heteroscedasticity (GARCH) and exponential GARCH (EGARCH) models are employed to examine the impact of oil price changes on the...

Persistent link: https://www.econbiz.de/10009320148

Recent Trends in Regional Financial Integration and Trade Liberalization in Maghreb Countries: A Multivariate Threshold Autoregressive Analysis

Zenasni, Soumia - FIW - 2015

Increased globalization over the last two decades has led to strong growth in international business activity and international financial integration. This phenomenon covers a wide array of economic activities, including regional and international integration, investment and trade, international...

Persistent link: https://www.econbiz.de/10011185018