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Business cycles and FDI: evidence from German sectoral data

Buch, Claudia M. (contributor); … - 2005

Persistent link: https://www.econbiz.de/10002825845

Does trade openness increase firm-level volatility?

Buch, Claudia M. (contributor); Döpke, Jörg (contributor); … - 2006

From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the … link between openness and volatility. Using two novel datasets on German firms, we analyze the evolution of firm …-level output volatility and the link between volatility and trade openness. We find that firm-level output volatility displays …

Persistent link: https://www.econbiz.de/10003398412

Great moderation at the firm level? : unconditional versus conditional output volatility

Buch, Claudia M. (contributor); Döpke, Jörg (contributor); … - 2008

Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility …

Persistent link: https://www.econbiz.de/10003729690

Wachstum und Volatilität internationaler Kapitalströme

Buch, Claudia M.; Pierdzioch, Christian - In: Die Weltwirtschaft : Vierteljahresschrift des Instituts … (2000) 4, pp. 390-409

Persistent link: https://www.econbiz.de/10001541440

Margins of international banking : is there a productivity pecking order in banking, too?

Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - 2009

Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks’...

Persistent link: https://www.econbiz.de/10003889133

Do banks benefit from internationalization? : Revisiting the market power-risk nexus

Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - 2010

Recent developments on international financial markets have called the benefits of bank globalization into question. Large, internationally active banks have acquired substantial market power, and international activities have not necessarily made banks less risky. Yet, surprisingly little is...

Persistent link: https://www.econbiz.de/10008667402

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/10008697445

Exports versus FDI revisited : does finance matter?

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010

The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of...

Persistent link: https://www.econbiz.de/10003943667

In search for yield? : Survey-based evidence on bank risk taking

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2011

There is growing consensus that the conduct of monetary policy can have an impact on stability through the risk-taking incentives of banks. Falling interest rates might induce a “search for yield” and generate incentives to invest into risky activities. This paper provides evidence on the...

Persistent link: https://www.econbiz.de/10009010127

Volatile multinationals? : evidence from the labor demand of German firms

Buch, Claudia M. (contributor); … - 2007

' activities is associated with an increase in firm-level employment volatility. We use a firm-level dataset for Germany which … that are active in Germany. We decompose the volatility of firms into their reaction and their exposure to aggregate …

Persistent link: https://www.econbiz.de/10003529554