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Catching-up and inflation in Europe : Balassa-Samuelson, Engel's law and other Culprits
Égert, Balázs - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10003982012
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Risk-sharing and contagion in networks
Cabrales, Antonio; Gottardi, Piero; Vega-Redondo, Fernando - 2014 - This version: January 15, 2014
We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays "fat" tails, extreme segmentation into small components is optimal, while minimal...
Persistent link: https://www.econbiz.de/10010260030
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Banking supervision in integrated financial markets : implications for the EU
Stolz, Stéphanie Marie - 2002
-border contagion effects could turn out to be important in the EU because national banking problems could easily spread via the highly … take cross-border contagion effects into account. Supervisors with such a national mandate fail to implement the optimum …
Persistent link: https://www.econbiz.de/10011514035
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Contagion in financial networks : a threat index
Demange, Gabrielle - 2015
Interbank claims are a concern to regulators as they might facilitate the dissemination of defaults and generate spill-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it defaults. The measure is based on an explicit...
Persistent link: https://www.econbiz.de/10010509633
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Contagion of fear
Mitchener, Kris; Richardson, Gary - 2020
labeled a contagion of fear. Using geocoded, microdata on bank distress, we develop metrics that illuminate the incidence of …
Persistent link: https://www.econbiz.de/10012194368
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Exports and property prices in France : are they connected?
Égert, Balázs; Kierzenkowski, Rafał - 2010
France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical … construction sector triggered by fast rising property prices hindered France to meet world export demand vis-à-vis its products … experienced a marked decline in their export performance and sustained real-estate boom after 2000. -- OECD ; France …
Persistent link: https://www.econbiz.de/10003967759
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Techies and firm level productivity
Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023
We study the impact of techies-engineers and other technically trained workers-on firm-level productivity. We first report new facts on the role of techies in the firm by leveraging French administrative data and unique surveys. Techies are STEM-skill intensive and are associated with...
Persistent link: https://www.econbiz.de/10014288151
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Regulation, financial crises, and liberalization traps
Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to … annual data from 1999 to 2011 drawn from 132 countries. The probability of a financial crisis fits an inverted U-shaped curve …
Persistent link: https://www.econbiz.de/10012030889
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Macroeconomic factors and micro-level bank risk
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010
The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...
Persistent link: https://www.econbiz.de/10008697545
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Analyzing systemic risk in the Chinese banking system
Huang, Qiubin; Haan, Jakob de; Scholtens, Bert - 2015
decreased after the financial crisis, but started rising in 2014. Compared to the banking systems of Korea and the US, we find …
Persistent link: https://www.econbiz.de/10011342308