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Optimal Reserve Composition in the Presence of Sudden Stops : The Euro and the Dollar as Safe Haven Currencies
Beck, Roland - 2008
traditional portfolio objectives as debt to reserve ratios decrease. We empirically estimate optimal dollar and euro shares for 24 … emerging market countries and find that optimal reserve portfolios are dominated by anchor currencies and, at current debt to … reserve ratios, introducing transactions demand has a elatively modest effect. We also find that euro and dollar bonds act as …
Persistent link: https://www.econbiz.de/10012771394
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Feedback to the ECB's Monetary Analysis : The Bank of Russia's Experience with Some Key Tools
Ponomarenko, Alexey A. - 2012
order to show how to adjust methods and techniques of monetary analysis for an economy that differs from the euro area as …
Persistent link: https://www.econbiz.de/10013100833
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Fragmentation, Incomes and Jobs : An Analysis of European Competitiveness
Timmer, Marcel P. - 2013
Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...
Persistent link: https://www.econbiz.de/10013072991
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House Price Cycles in Europe
Corradin, Stefano - 2013
Euro area sovereign debt crisis …
Persistent link: https://www.econbiz.de/10013072994
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Predicting Distress in European Banks
Betz, Frank - 2013
The paper develops an early-warning model for predicting vulnerabilities leading to distress in European banks using both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset that complements bankruptcies and defaults with state...
Persistent link: https://www.econbiz.de/10013074637
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Lobbying in Europe : New Firm-Level Evidence
Dellis, Konstantinos - 2017
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets,...
Persistent link: https://www.econbiz.de/10012954407
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Firm Growth in Europe : An Overview Based on the CompNet Labour Module
Fernández, Cristina - 2017
growth over the period 1995-2012 across 17 EU (13 euro area) countries and 9 macro-sectors. It also includes information on a …
Persistent link: https://www.econbiz.de/10012957982
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A Stochastic Forward-Looking Model to Assess the Profitability and Solvency of European Insurers
Berdin, Elia - 2017
solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and … non-life business and we calibrate it using country level data to make it representative of the major euro area insurance …
Persistent link: https://www.econbiz.de/10012961958
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Breaking the Shackles : Zombie Firms, Weak Banks and Depressed Restructuring in Europe
Andrews, Dan - 2019
This paper explores the connection between "zombie" firms (firms that would typically exit in a competitive market) and …
Persistent link: https://www.econbiz.de/10012892781
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Asymmetric Wage Adjustment and Employment in European Firms
Marotzke, Petra - 2017
We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010-2013. These data are particularly useful for this paper given the firm-level information...
Persistent link: https://www.econbiz.de/10012945757