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Persistent link: https://www.econbiz.de/10013277540
As part of the Eurosystem’s annual banknote production planning, the national central banks draw up forecasts estimating the volumes of national-issued banknotes in circulation for the three years ahead. As at the end of 2021, more than 80 per cent of euro banknotes in circulation (cumulated...
Persistent link: https://www.econbiz.de/10014320825
Interconnection rates are a key variable in telecommunications markets. Every call that is placed must be terminated by …
Persistent link: https://www.econbiz.de/10008859597
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information about supply cuts for identification and find that gas supply and demand shocks have large and persistent price … and positive storage demand shocks, as Germany filled its inventories before the winter. Counterfactual simulations of an …
Persistent link: https://www.econbiz.de/10014560154
This paper contributes to the literature on early warning indicators by applying a Bayesian model averaging approach. Our analysis, based on Austrian data, is carried out in two steps: First, we construct a quarterly financial stress index (AFSI) quantifying the level of stress in the Austrian...
Persistent link: https://www.econbiz.de/10010458174
We operationalize the definition of systemic risk provided by the IMF, BIS, and FSB and derive testable hypotheses to identify indicators of systemic risk. We map these hypotheses into a two-stage hierarchical testing framework, combining insights from the early-warning literature on financial...
Persistent link: https://www.econbiz.de/10012234486
We explore whether modelling parameter time variation improves the point, interval and density forecasts of nine major exchange rates vis-a-vis the US dollar over the period 1976-2015. We find that modelling parameter time variation is needed for an accurate calibration of forecast confidence...
Persistent link: https://www.econbiz.de/10011489395
In international politics, intergovernmental treaties provide the rules of the game. Similar to private law, treaty … measurement of flexibility in international treaties. Based on 400 treaties and supplementary agreements from the field of … international environmental law, we provide new insights into the combined application of rules for adoption and entry into force of …
Persistent link: https://www.econbiz.de/10001683499
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