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Drivers of structural change in cross-border banking since the global financial crisis

Bremus, Franziska; Fratzscher, Marcel - 2014

importance of regulatory arbitrage as a driver of cross-border bank flows since the global financial crisis. However, in the euro … area, arbitrage in capital stringency was linked to lower cross-border lending since the crisis. …

Persistent link: https://www.econbiz.de/10010417675

Price-based unit commitment electricity storage arbitrage with piecewise linear price-effects

Brijs, Tom; Geth, Frederik; Siddiqui, Sauleh; Hobbs, … - 2016

Electricity storage plants can be used for many applications, with one of the most studied applications being arbitrage … in the day-ahead market. Although the arbitrage value is related to the presence of price spreads, it also depends on the … effect of (dis)charge actions on prices, as arbitrage generally reduces price spreads by increasing off-peak prices when …

Persistent link: https://www.econbiz.de/10011446870

Financial literacy and intertemporal arbitrage

Oberrauch, Luis; Kaiser, Tim - 2020

evidence for inter-temporal arbitrage among financially literate respondents, thereby revealing a potential confound in time …

Persistent link: https://www.econbiz.de/10012308896

Linkages between the US and European stock markets : a fractional cointegration approach

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2015

This paper analyses the long-memory properties of US and European stock indices, as well as their linkages, using fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the standard ones usually employed in the literature. The...

Persistent link: https://www.econbiz.de/10011334455

Absorptive capacities and the impact of FDI on economic growth

Farkas, Beatrice - 2012

This paper analyzes the necessary local conditions required for the existence of positive spillovers from multinationals' entry and it consists of a unified study of absorptive capacities. We start from the idea that FDI speeds up the diffusion of technologies across countries. Yet, the question...

Persistent link: https://www.econbiz.de/10009579226

Does euro area membership affect the relation between GDP growth and public debt?

Dreger, Christian; Reimers, Hans-Eggert - 2012

We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds...

Persistent link: https://www.econbiz.de/10009666798

On the relevance of exports for regional output growth in China

Dreger, Christian; Zhang, Yanqun - 2013

Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which...

Persistent link: https://www.econbiz.de/10009688451

The impact of oil revenues on the Iranian economy and the Gulf States

Dreger, Christian; Rahmani, Teymur - 2014

In line with the neoclassical growth model a persistent stream of oil revenues might have a long lasting impact on GDP per capita in oil exporting countries through higher investment activities. This relationship is explored for Iran and the countries of the Gulf Cooperation Council (GCC) using...

Persistent link: https://www.econbiz.de/10010259533

A further examination of the export-led growth hypothesis

Dreger, Christian; Herzer, Dierk - 2011

This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...

Persistent link: https://www.econbiz.de/10009515008

Intermediation in foreign trade: when do exporters rely on intermediaries?

Schröder, Philipp J. H.; Trabold, Harald; … - 2003

The paper explores theoretically and empirically why trade intermediaries (TIs) are frequently used as agents for exports to some countries but not to others. We adapt a standard intra-industry trade model with variable export costs (e.g. transport) and fixed export costs (e.g. market access) to...

Persistent link: https://www.econbiz.de/10011437889

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