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and, for Germany, the importance of differentiating balances against euro and non-euro countries. …We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … its current account surplus, Germany’s surplus has continued to increase throughout and after the crisis. Second, for …
Persistent link: https://www.econbiz.de/10012024585
This paper investigates the dynamic linkages between portfolio flows and various news indices (based on both "positive" and "negative" news headlines collected from Bloomberg), whilst also controlling for a comprehensive set of push and pull factors. The monthly panel examined comprises 49...
Persistent link: https://www.econbiz.de/10012171852
We study the renminbi (RMB) covered interest differential - an indicator of the effectiveness of capital controls. It is found that the differential is not shrinking over time and, in fact, appears larger after the global financial crisis than before. That is, capital controls in China are still...
Persistent link: https://www.econbiz.de/10009786004
We analyze the impact of Eurozone/Germany and U.S. macroeconomic news announcements and the communication of the ….S. dollar is a base currency the impact of the news is larger than in the case of the euro, (vii) announcements on ECB monetary …
Persistent link: https://www.econbiz.de/10011902959
We examine the effects of the Asset Purchase Programme (APP) gradually introduced by the European Central Bank from … quantifying the cumulative decrease of spreads and by running event regressions for several Euro Area countries. Focusing on the …
Persistent link: https://www.econbiz.de/10011743065
We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China's capital flight, especially the one measured by trade misinvoicing, exhibits a weakened response in the post-2007 period to the covered interest disparity, which is a theoretical...
Persistent link: https://www.econbiz.de/10011375683
Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the … effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the …
Persistent link: https://www.econbiz.de/10011397990
American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …
Persistent link: https://www.econbiz.de/10009683383
could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar …
Persistent link: https://www.econbiz.de/10010249643
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011514149