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The Euro Area Sovereign Debt Crisis : Safe Haven, Credit Rating Agencies and the Spread of the Fever from Greece, Ireland and Portugal
De Santis, Roberto A. - 2012
from Greece. Specifically, higher risk aversion has increased the demand for the Bund and this is behind the pricing of all … euro area spreads, including those for Austria, Finland and the Netherlands. Country-specific credit ratings have played a … key role in the developments of the spreads for Greece, Ireland, Portugal and Spain. Finally, the rating downgrade in …
Persistent link: https://www.econbiz.de/10013111942
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How Much Does the Public Know about the ECB's Monetary Policy? Evidence from a Survey of Dutch Households
van der Cruijsen, Carin - 2011
Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB's objectives is far from perfect. Both a weak...
Persistent link: https://www.econbiz.de/10013132595
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The Dutch Block of the Escb Multi-Country Model
Ciccarelli, Matteo; Angelini, Elena; Boissay, Frédéric - 2021
The paper presents the Dutch country block of the ESCB Multi-Country Model(MCM) for the euro area. We show how a theoretical model is translated into an econometric specification and how this specification is in turn estimated and used in the projection exercises of the E(S)CB. The dynamic...
Persistent link: https://www.econbiz.de/10013317570
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Trade with Central and Eastern Europe : Is it Really a Threat to Wages in the West?
Polgar, Eva Katalin - 2010
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...
Persistent link: https://www.econbiz.de/10013138239
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Trade Integration of Central and Eastern European Countries : Lessons from a Gravity Model
Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2021
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10013318195
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Did the Euro Change the Nature of FDI Flows among Member States?
Sondermann, David - 2019
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating bilateral gravity models of FDI inflows into euro area...
Persistent link: https://www.econbiz.de/10012871300
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Are Foreign-Owned Firms Different? Comparison of Employment Volatility and Elasticity of Labour Demand
Meriküll, Jaanika - 2014
This paper analyses differences in employment volatility in foreign-owned and domestic companies using firm-level data from 24 European countries. The presence of foreign-owned companies may lead to higher employment volatility because subsidiaries of multinational companies react more...
Persistent link: https://www.econbiz.de/10013051164
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Determinants of Workers' Remittances : Evidence from the European Neighbouring Region
Schiopu, Ioana C.; Siegfried, Nikolaus - 2021
Workers' remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...
Persistent link: https://www.econbiz.de/10013317412
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The Dutch block of the ESCB multi-country model
Angelini, Elena; Boissay, Frédéric; Ciccarelli, Matteo - 2006
The paper presents the Dutch country block of the ESCB Multi-Country Model (MCM) for the euro area. We show how a theoretical model is translated into an econometric specification and how this specification is in turn estimated and used in the projection exercises of the E(S)CB. The dynamic...
Persistent link: https://www.econbiz.de/10011604692
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Fishing in the Same Pool? Export Strengths and Competitiveness of China and CESEE in the EU-15 Market
Silgoner, Maria Antoinette - 2013
We investigate the impact of China as a global competitor on the trade performance of the ten Central, Eastern and … goods and transport equipment. Overall, competition between CESEE-10 and China intensified as a result of their outstanding …
Persistent link: https://www.econbiz.de/10013081458