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The Effect of G20 Summits on Global Financial Markets

Lo Duca, Marco - 2014

In the wake of the global financial crisis, the G20 has become the most important forum of global governance and cooperation, largely replacing the once powerful G7. In this paper we run an event study to test whether G20 meetings at ministerial and Leaders level have had an impact on global...

Persistent link: https://www.econbiz.de/10013058549

Investing in Crises

Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, … - 2021

We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...

Persistent link: https://www.econbiz.de/10013227328

Global Crises and Equity Market Contagion

Bekaert, Geert; Ehrmann, Michael; Fratzscher, Marcel; … - 2021

Using the 2007-2009 financial crisis as a laboratory, we analyze the transmission of crises to country-industry equity portfolios in 55 countries. We use an asset pricing framework with global and local factors to predict crisis returns, defining unexplained increases in factor loadings as...

Persistent link: https://www.econbiz.de/10013315979

Foreign-Currency Bonds : Currency Choice and the Role of Uncovered and Covered Interest Parity

Habib, Maurizio Michael; Joy, Mark - 2021

Using count-data techniques, this paper studies the determinants of currency choice in the issuance of foreign-currency-denominated bonds. In particular, we investigate whether bond issuers choose their issuance currency in order to exploit the borrowing-cost savings associated with deviations...

Persistent link: https://www.econbiz.de/10013316472

Foreign-currency bonds: currency choice and the role of uncovered and covered interest parity

Habib, Maurizio Michael; Joy, Mark - 2008

Persistent link: https://www.econbiz.de/10011604993

The Political Economy of Fiscal Transparency and Independent Fiscal Councils

Beetsma, Roel M. W. J. - 2017

IFC as the debt bias would fall. However, when other considerations eclipse competence and give the incumbent a strong … electoral advantage or disadvantage, setting up an IFC may be counterproductive as the debt bias would increase. If the … bias if voters care sufficiently about policymakers' competence; (ii) not all political environments are conducive to the …

Persistent link: https://www.econbiz.de/10012949941

Optimism Bias? The Elasticity Puzzle in International Economics Revisited

Corbo, Vesna - 2012

The elasticity of substitution between domestic and imported goods is a central parameter in macroeconomic models, but after decades of empirical studies there is no consensus on its magnitude. Earlier literature using time series arrives at low values, while more recent studies using...

Persistent link: https://www.econbiz.de/10013100338

Forecasting ECB monetary policy: accuracy is (still) a matter of geography

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and …

Persistent link: https://www.econbiz.de/10011604624

Forecasting ECB Monetary Policy : Accuracy is (Still) a Matter of Geography

Ehrmann, Michael; Fratzscher, Marcel; Berger, Helge - 2021

countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and …

Persistent link: https://www.econbiz.de/10013318108

Forecasting the World Economy in the Short-Term

Jakaitiene, Audrone - 2009

. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims …Forecasting the world economy is a difficult task given the complex interrelationships within and across countries …, first, at ranking various forecasting methods in terms of forecast accuracy and, second, at checking whether methods …

Persistent link: https://www.econbiz.de/10013159358

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