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International investment positions and exchange rate dynamics

Binder, Michael; Offermanns, Christian J. - 2014

We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...

Persistent link: https://www.econbiz.de/10010414236

Simple nonparametric estimators for the bid-ask spread in the Roll model

Chen, Xiahong; Linton, Oliver; Schneeberger, Stefan; … - 2016

We propose new methods for estimating the bid-ask spread from observed transaction prices alone. Our methods are based on the empirical characteristic function instead of the sample autocovariance function like the method of Roll (1984). As in Roll (1984), we have a closed form expression for...

Persistent link: https://www.econbiz.de/10011441970

Simple nonparametric estimators for the bid-ask spread in the role model

Safronov, Mikhail; Linton, Oliver; Schneeberger, Stefan - 2016

Persistent link: https://www.econbiz.de/10011455993

When will the Covid-19 pandemic peak?

Linton, Oliver - 2020

We carry out some analysis of the daily data on the number of new cases and number of new deaths by (191) countries as reported to the European CDC. We work with a quadratic time trend model applied to the log of new cases for each country. This seems to accurately describe the trajectory of the...

Persistent link: https://www.econbiz.de/10012198032

Carry funding and safe haven currencies : a threshold regression approach

Hossfeld, Oliver; MacDonald, Ronald - 2014

In this paper, we analyze which currencies can be regarded as safe haven currencies. Our empirical approach allows us to distinguish between a low- and high stress regime, and to control for the impact of carry trade reversals and other fundamental determinants. We therefore address the question...

Persistent link: https://www.econbiz.de/10010433356

Intellectual property rights and foreign direct investment : the role of industry and host-country characteristics

Nunnenkamp, Peter; Spatz, Julius - 2003

Persistent link: https://www.econbiz.de/10001770416

Shooting the messenger of good news : a critical look at the World Bank's success story of effective aid

Nunnenkamp, Peter - 2002

In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the … policies. However, the World Bank's success story rests on an extremely weak foundation: First, the institution's contribution … the distribution of World Bank financing. Second, the picture portrayed in the report takes a bad turn if only two …

Persistent link: https://www.econbiz.de/10001666887

Globalization and international business cycle dynamics : a conditional GVAR approach

Binder, Michael; Offermanns, Christian J. - 2014

We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function...

Persistent link: https://www.econbiz.de/10010414228

Are "new" donors different? : comparing the allocation of bilateral aid between non-DAC and DAC donor countries

Dreher, Axel; Nunnenkamp, Peter; Thiele, Rainer - 2010

Major DAC donors are widely criticized for weak targeting of aid, selfish aid motives and insufficient coordination. The emergence of an increasing number of new donors may further complicate the coordination of international aid efforts. On the other hand, new donors (many of which were aid...

Persistent link: https://www.econbiz.de/10008729138

Sectoral aid priorities : are donors really doing their best to achieve the millennium development goals?

Thiele, Rainer (contributor); Nunnenkamp, Peter (contributor) - 2006

Persistent link: https://www.econbiz.de/10003289295