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Italy in the Eurozone
Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2020
', if fiscal consolidation is combined with a program for bank recovery and for competitiveness and growth. The second …
Persistent link: https://www.econbiz.de/10012244451
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Sovereign rating news and financial markets spillovers : evidence from the European debt crisis
Arezki, Rabah; Candelon, Bertrand; Sy, Amadou N. R. - 2011
This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign rating downgrades have statistically and economically significant spillover effects both across countries and financial markets. The...
Persistent link: https://www.econbiz.de/10009011838
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Macro news and stock returns in the euro Area : a VAR-GARCH-in-means analysis
Caporale, Guglielmo Maria; Spagnolo, Fabio; Spagnolo, Nicola - 2014
This paper analyses the effects of newspaper coverage of macro news on stock returns in eight countries belonging to the euro area (Belgium, France, Germany, Greece, Ireland, Italy, Portugal and Spain) using daily data for the period 1994 - 2013. The econometric analysis is based on the...
Persistent link: https://www.econbiz.de/10010383808
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Macro news and bond yield spreads in the Euro area
Caporale, Guglielmo Maria; Spagnolo, Fabio; Spagnolo, Nicola - 2014
This paper analyses the effects of newspaper coverage of macro news on the spread between the yield on the 10-year German Bund and on sovereign bonds in eight countries belonging to the euro area (Belgium, France, Greece, Ireland, Italy, the Netherlands, Portugal and Spain) using daily data for...
Persistent link: https://www.econbiz.de/10010417491
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Intraday effect of news on emerging European forex markets : an event study analysis
Kočenda, Evžen; Moravcová, Michala - 2018
We analyze the impact of Eurozone/Germany and U.S. macroeconomic news announcements and the communication of the monetary policy settings of the ECB and the Fed on the forex markets of new EU members. We employ an event study methodology to analyze intra-day data from 2011-2015. Our...
Persistent link: https://www.econbiz.de/10011902959
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Private bank deposits and macro/fiscal risk in the euroarea
Arghyrou, Michael Georgiou; Gadea, María Dolores - 2019
We examine the relationship between private bank deposits and macro/fiscal risk in the euro area. We test three … hypotheses: First, private bank deposits relative to Germany are determined by macro/fiscal risk factors. Second, this …
Persistent link: https://www.econbiz.de/10011982211
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Deregulation, entry of foreign banks and bank efficiency in Australia
Sturm, Jan-Egbert; Williams, Barry - 2002
banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency …This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA …
Persistent link: https://www.econbiz.de/10011514045
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Creating a euro area safe asset without mutualizing risk (much)
Leandro, Álvaro; Zettelmeyer, Jeromin - 2019
This paper explains and evaluates three proposals to create "safe assets" for the euro area based on sovereign bonds, in which sovereign risk is limited through diversification and some form of seniority. These assets would be held by banks and other financial institutions, replacing...
Persistent link: https://www.econbiz.de/10012039042
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Domestic banks as lightning rods? : home bias and information during the Eurozone Crisis
Saka, Orkun - 2019 - This Draft: September, 2019
, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset …
Persistent link: https://www.econbiz.de/10012123037
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Mortgage-related bank penalties and systemic risk among U.S. banks
Brož, Václav; Kočenda, Evžen - 2021
the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …
Persistent link: https://www.econbiz.de/10012697108