Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10011372615
Persistent link: https://www.econbiz.de/10009629167
Theory predicts that a nation's stochastic intertemporal budget constraint is satisfied if net foreign assets (NFA) are integrated of any finite order, or if net exports (NX) and NFA satisfy an error-correction specification with a residual integrated of any finite order. We test these...
Persistent link: https://www.econbiz.de/10013157070
Theory predicts that a nation's stochastic intertemporal budget constraint is satisfied if net exports (NX) and net foreign assets (NFA) satisfy an error-correction specification with a residual integrated of any finite order. We test this hypothesis using data for 21 industrial and 29 emerging...
Persistent link: https://www.econbiz.de/10013147305
Persistent link: https://www.econbiz.de/10000584802
Persistent link: https://www.econbiz.de/10000652257
Persistent link: https://www.econbiz.de/10010381447
that risk premiums incurred by central governments of EU member states respond positively to central government debts and … at work in European government bond markets supports the notion that the no-bailout clause in the EU Treaty is credible …
Persistent link: https://www.econbiz.de/10003749936
Persistent link: https://www.econbiz.de/10002555528
Persistent link: https://www.econbiz.de/10001816490