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Europe Agreements and Trade Balance : Evidence from Four New EU Members

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2021

This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …

Persistent link: https://www.econbiz.de/10013316072

Trade Specialisation and Economic Convergence : Evidence from Two Eastern European Countries

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2009

-a-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards …

Persistent link: https://www.econbiz.de/10014206526

EU Banks Rating Assignments : Is There Heterogeneity between New and Old Member Countries?

Caporale, Guglielmo Maria - 2010

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are … intercepts) are a crucial determinant of ratings. Whilst "new" EU countries typically have lower ratings than "old" ones, after …

Persistent link: https://www.econbiz.de/10013141115

EU Banks Rating Assignments : Is there Heterogeneity between New and Old Member Countries?

Caporale, Guglielmo Maria - 2013

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … aim is to assess whether “old” and “new” EU countries are rated differently and to determine whether “new” ones are … intercepts) are a crucial determinant of ratings. Whilst “new” EU countries typically have lower ratings than “old” ones, after …

Persistent link: https://www.econbiz.de/10013094667

Are the Baltic Countries Ready to Adopt the Euro? A Generalised Purchasing Power Parity Approach

Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - 2021

This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is based on the Generalised Purchasing Power Parity...

Persistent link: https://www.econbiz.de/10013316490

Financial Development and Economic Growth : Evidence from Ten New EU Members

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2009

This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the …

Persistent link: https://www.econbiz.de/10014201474

International financial stability and the regulation of capital flows

Artis, Michael J. - In: The international financial regime, (pp. 163-196). 1990

Persistent link: https://www.econbiz.de/10001281960

The European Monetary System : a review of the research record

Artis, Michael J. - In: The international financial regime, (pp. 145-162). 1990

Persistent link: https://www.econbiz.de/10001281961

Liquidity Risk, Credit Risk and the Overnight Interest Rate Spread : A Stochastic Volatility Modelling Approach

Beirne, John - 2010

In this paper we model the volatility of the spread between the overnight interest rate and the central bank policy rate (the policy spread) for the euro area and the UK during the two main phases of the financial crisis that began in late 2007. During the crisis, the policy spread exhibited...

Persistent link: https://www.econbiz.de/10013141038

Fiscal Spillovers in the Euro Area

Caporale, Guglielmo Maria - 2011

This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period...

Persistent link: https://www.econbiz.de/10013119070