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Global Banking, Trade, and the International Transmission of the Great Recession

Born, Alexandra - 2018

large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …

Persistent link: https://www.econbiz.de/10012920861

Quality and the Great Trade Collapse

Chen, Natalie - 2015

We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...

Persistent link: https://www.econbiz.de/10013010482

Systemic Crisis and Growth Revisited : Has the Global Financial Crisis Marked a New Era?

Steinkamp, Sven - 2018

Occasional crises have been shown to be part of growth enhancing mechanism (see Rancière, Tornell and Westermann, 2008). In this paper, we document that neither the stereotypical case study of India vs. Thailand, nor the benchmark growth-regression in this earlier research support this result...

Persistent link: https://www.econbiz.de/10012914607

The Crisis in the Foreign Exchange Market

Melvin, Michael - 2013

The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This “blow-by-blow” narrative is intended to be a resource for researchers seeking...

Persistent link: https://www.econbiz.de/10013095774

Monetary Policy Crisis Management as a Threat to Economic Order

Freytag, Andreas - 2017

The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...

Persistent link: https://www.econbiz.de/10012960114

International Financial Market Integration, Asset Compositions, and the Falling Exchange Rate Pass-Through

Enders, Almira - 2018

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...

Persistent link: https://www.econbiz.de/10012933708

The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies

Fidrmuc, Jarko - 2013

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

Persistent link: https://www.econbiz.de/10013095773

Central Banking and Financial Stability in the Long Run

Cao, Jin - 2013

Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central banks play complex, long horizon games and face more than one tradeoff. We account for these issues in a simple infinite horizon game with a novel tradeoff: higher rates deter...

Persistent link: https://www.econbiz.de/10013080504

Exploring the International Linkages of the Euro Area : A Global VAR Analysis

Dees, Stephane - 2006

This paper presents a global model linking individual country vector error-correcting models in which the domestic variables are related to the country-specific variables as an approximate solution to a global common factor model. This global VAR is estimated for 26 countries, the euro area...

Persistent link: https://www.econbiz.de/10012783809

The G7 Business Cycle in a Globalized World

Carstensen, Kai - 2016

, and inflation volatility, and in global macroeconomic indicators like the oil price, world stock market returns, and … exchange rate volatility. The results indicate that in a globalized world spillovers from emerging markets and industrial … countries other than the G7 play a relevant role for major aspects of the G7 and world business cycle …

Persistent link: https://www.econbiz.de/10012986109

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