Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10003353770
exchange rate as an adjustment instrument. This is an even more basic challenge for the EU because the enlargement challenge … common currency. This contribution deals with these two basic challenges for the EU over the next decade. It starts with a …
Persistent link: https://www.econbiz.de/10010489987
reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to …
Persistent link: https://www.econbiz.de/10010429261
Persistent link: https://www.econbiz.de/10002452332
Persistent link: https://www.econbiz.de/10001228147
Persistent link: https://www.econbiz.de/10001231950
Persistent link: https://www.econbiz.de/10001447002
This paper explores the domestic and international effects of an increase in observed interest rates (conventional monetary policy) and expected interest rates (forward guidance). We find significant spillovers to a broad range of countries when both are subject to a tightening shock: Output...
Persistent link: https://www.econbiz.de/10012833360
We use a factor model and elastic net shrinkage to model a high-dimensional network of European CDS spreads. Our empirical approach allows us to assess the joint transmission of bank and sovereign risk to the non-financial corporate sector. Our findings identify a sectoral clustering in the CDS...
Persistent link: https://www.econbiz.de/10012867909
In this study we explore market power in 13 EU banking sectors for the years 2007 to 2019 by estimating a structural …’ conduct that depends on selected factors. Our evidence indicates that EU banks enjoy a significant degree of market power …. Finally, a clear convergence pattern emerges in the behaviour of EU banks …
Persistent link: https://www.econbiz.de/10013249739