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Equity returns in the banking sector in the wake of the great recession and the European sovereign debt crisis
Chan-Lau, Jorge A.; Liu, Estelle X.; Schmittmann, … - 2013
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10010128764
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The great stagnation : what can policymakers do?
Wadhwani, Sushil B. - 2013
Persistent link: https://www.econbiz.de/10009745072
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Public R&D investment in economic crises
Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2021 - This version: November 2021
Persistent link: https://www.econbiz.de/10012818365
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Public R&D investment in economic crises
Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2020 - This version: November 2020
We study the cyclicality of public R&D in 28 OECD countries (1995-2017). While procyclical on average, public R&D reacts asymmetrically over different phases of the business cycle and becomes acyclical during recessions. It is also heterogeneous across countries: Innovation leaders and followers...
Persistent link: https://www.econbiz.de/10012390728
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Measuring economic policy uncertainty
Baker, Scott; Bloom, Nicholas; Davis, Steven J. - 2015
Persistent link: https://www.econbiz.de/10011410518
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Domestic saving and investment revised : can the Feldstein-Horioka equation be used for policy analysis?
Sachsida, Adolfo; Mendonça, Mário Jorge Cardoso de - 2015
Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …
Persistent link: https://www.econbiz.de/10012038727
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From financial to real economic crisis : evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015 - First version: February 14, 2015, This version: September 25, 2015
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011346644
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Empfehlungen für die Arbeit einer Enquete-Kommission des Deutschen Bundestages zu Lehren aus dem Umgang mit der Corona-Pandemie
Bartels, Hans-Peter; Schroeder, Wolfgang; Weßels, Bernhard - 2021
Persistent link: https://www.econbiz.de/10012589691
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On the exposure of insurance companies to sovereign risk : portfolio investments and market forces
Düll, Robert; König, Felix; Ohls, Jana - 2015
A sovereign debt crisis can have significant knock-on effects in the financial markets and put financial stability at risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional investors in the sovereign bond market. We use a firm...
Persistent link: https://www.econbiz.de/10011373080
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Sovereign default swap market efficiency and country risk in the eurozone
Gündüz, Yalın; Kaya, Orcun - 2013
This paper uses sovereign CDS spread changes and their volatilities as a proxy for the informational efficiency of the sovereign markets and persistency of country risks. Specifically, we apply semi-parametric and parametric methods to the sovereign CDSs of 10 eurozone countries to test the...
Persistent link: https://www.econbiz.de/10009731982