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A New Metric for Banking Integration in Europe
Gropp, Reint - 2009
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10012463912
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The European Union, the Euro, and Equity Market Integration
Bekaert, Geert - 2010
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to …
Persistent link: https://www.econbiz.de/10012462074
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European Financial Markets After EMU : A First Assessment
Danthine, Jean-Pierre - 2000
This paper reviews the first evidence on the impact of European Monetary Union on European capital markets, one year after the launch of the single currency. Our assessment of this evidence is very favourable. On almost all counts EMU has either changed the European financial landscape already...
Persistent link: https://www.econbiz.de/10012470687
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Fiscal Discipline and the Cost of Public Debt Service : Some Estimates for OECD Countries
Ardagna, Silvia - 2004
We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on …
Persistent link: https://www.econbiz.de/10012467902
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Breaks in the Phillips Curve : Evidence from Panel Data
Smith, Simon C.; Timmermann, Allan; Wright, Jonathan H. - National Bureau of Economic Research - 2023
We revisit time-variation in the Phillips curve, applying new Bayesian panel methods with breakpoints to US and …
Persistent link: https://www.econbiz.de/10014250170
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Towards a Common European Monetary Union Risk Free Rate
Mayordomo, Sergio - 2009
effects of the credit quality, macro, correlation, and liquidity variables. However, their effects are different before and …
Persistent link: https://www.econbiz.de/10012463297
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How Has the Euro Changed the Monetary Transmission?
Boivin, Jean - 2008
This paper characterizes the transmission mechanism of monetary shocks across countries of the euro area, documents how this mechanism has changed with the introduction of the euro, and explores some potential explanations. The factor-augmented VAR (FAVAR) framework used is sufficiently rich to...
Persistent link: https://www.econbiz.de/10012464457
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Money and Inflation in the Euro Area : A Case for Monetary Indicators?
Gerlach, Stefan - 2000
This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data spanning 1980 2000. The P* model is shown to have considerable empirical support. Thus, the price gap' or, equivalently, the real money gap' (the gap between current real balances...
Persistent link: https://www.econbiz.de/10012470705
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Implications of Dynamic Factor Models for VAR Analysis
Stock, James H. - 2005
econometric issues are addressed including estimation of the number of dynamic factors and tests for the factor restrictions …
Persistent link: https://www.econbiz.de/10012467213
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Monnet's Error?
Guiso, Luigi - 2015
-Europe sentiment as does the 2010 Eurozone crisis. Yet, in spite of the worst recession in recent history, the Europeans still support …
Persistent link: https://www.econbiz.de/10012457545