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Hartmann, Philipp; Straetmans, Stefan; Vries, Casper G. de - 2001

potential downside to international financial integration. …

Persistent link: https://www.econbiz.de/10011317457

Nonlinear time series and neural-network models of exchange rates between the US Dollar and major currencies

Allen, David E.; McAleer, Michael; Peiris, Shelton; … - 2015

in US dollar terms. Euro, British pound, Chinese yuan, and Japanese yen are modelled using a variety of non-linear models …

Persistent link: https://www.econbiz.de/10011378229

On the extent of economic integration : a comparison of EU countries and US states

Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2010

European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this … context, the union of U.S. states is considered the benchmark of complete economic integration and is often the basis for … comparison regarding the extent of E.U economic integration. Yet, with low trade barriers and with productive factors at least …

Persistent link: https://www.econbiz.de/10011379627

Trade, factor mobility and the extent of economic integration : theory and evidence

Mikolajun, Irena; Viaene, Jean-Marie - 2015

integration benchmark which consists of the steady state production equilibrium characterized by free trade and perfect factor … economic integration in 2009 are remarkably close across regions. For example, we calculate that economic integration in the …

Persistent link: https://www.econbiz.de/10011305771

Cyclical and stuctural variation in resource reallocation : evidence for Europe

Bartelsman, Eric J.; López-García, Paloma; … - 2018

This paper uses cross-country micro-aggregated data on rm dynamics and productivity from the ECB CompNet database to provide empirical evidence on factor reallocation in the EU. The analysis finds that reallocation is towards more productive firms although the magnitude varies across countries...

Persistent link: https://www.econbiz.de/10011869982

Macroeconomic crisis and individual firm performance : the Mexican experience

Fassler, Karen Watkins; Dijk, Dick van; Spronk, Jaap - 2004

This paper considers financial, operational, solvency, and performance ratios, in order to detect when there were balance sheets’ variations related to the 1994 Mexican currency crisis. Quarterly results for 88 non-financial Mexican companies that survived the crisis are used, and tests for...

Persistent link: https://www.econbiz.de/10011335213

Cheap but flighty : how global imbalances create financial fragility

Perotti, Enrico C.; Ahnert, Toni - 2015

Can a wealth shift to emerging countries explain instability in developed countries? Investors exposed to political risk seek safety in countries with better property right protection. This induces private intermediaries to offer safety via inexpensive demandable debt, and increase lending into...

Persistent link: https://www.econbiz.de/10010494788

Safe asset scarcity and re-use in the European repo market

Inhoffen, Justus; Lelyveld, Iman van - 2024

We construct the first measure of collateral re-use at the bank and bond level for the European repo market using a regulatory transaction dataset. We show that banks materially increase the rate of re-use in response to tightened asset scarcity induced by the Eurosystem's asset purchase...

Persistent link: https://www.econbiz.de/10014496481

Heterogeneous macro and financial effects of ECB asset purchase programs

Zwan, Terri van der; Kole, Erik; Wel, Michel van der - 2021

Central banks resorted to asset purchase programs to replace conventional policy measures, which became ineffective after interest rates approached the zero lower bound. We investigate their effects on financial markets and focus on heterogeneous transmission using a Bayesian structural vector...

Persistent link: https://www.econbiz.de/10012795397

Market integration dynamics and asymptotic price convergence in distribution

García-Hiernaux, Alfredo; Guerrero, David E.; McAleer, … - 2013

Persistent link: https://www.econbiz.de/10010191280