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Macroprudential capital regulation and fiscal balances in the euro area

Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024

in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …

Persistent link: https://www.econbiz.de/10014485633

The volatility curse : revisiting the paradox of plenty

Ploeg, Frederick van der; Poelhekke, Steven - 2009

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...

Persistent link: https://www.econbiz.de/10003832092

Banking regulation and sovereign default risk : how regulation undermines rules

Hülsewig, Oliver; Steinbach, Armin - 2024

Banking regulation invites banks to gamble when buying government bonds that regulators consider to be risk-free. The … regulation in order to enhance their ﬁscal leeway. We examine an unintended side-eﬀect of banking regulation, namely the zero … area periphery countries to a restrictive macroprudential capital regulation shock. We ﬁnd that, unlike in the US, euro …

Persistent link: https://www.econbiz.de/10014576947

Financial integration and economic growth in Europe

Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2023

This study examines the impact of financial integration on economic growth in the case of 31 European countries over the period from 2000 to 2021 using dynamic panel data models. The estimation results provide evidence of significant positive effects of financial integration on economic growth....

Persistent link: https://www.econbiz.de/10014314278

Globalization and the rise of mega-cities in the developing world

Ploeg, Frederick van der (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003635200

Is there really a green paradox?

Ploeg, Frederick van der; Withagen, Cees - 2010

The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...

Persistent link: https://www.econbiz.de/10003939168

Europe agreements and trade balance : evidence from four new EU members

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2011

This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...

Persistent link: https://www.econbiz.de/10009010184

International capital markets, oil producers and the green paradox

Meijden, Gerard C. van der; Ploeg, Frederick van der; … - 2014

A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences...

Persistent link: https://www.econbiz.de/10010412300

Environmental regulation and competitiveness : evidence from Romania

Arouri, Mohamed; Caporale, Guglielmo Maria; Rault, … - 2012

According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant …

Persistent link: https://www.econbiz.de/10009581725

Macroprudential policy and the sovereign-bank nexus in the euro area

Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2021

We explore how changes in capital-based macroprudential regulation in the euro area affect the exposure of national …

Persistent link: https://www.econbiz.de/10012628800