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Narrowing vertical fiscal imbalances in four European countries
Karpowicz, Izabela - 2012
Persistent link: https://www.econbiz.de/10009572314
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CDS spreads in European periphery : some technical issues to consider
Bilal, Mohsan; Kumar, Manmohan S. - 2012
Persistent link: https://www.econbiz.de/10009572399
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Transmission of financial stress in Europe : the pivotal role of Italy and Spain, but not Greece
González Hermosillo, Brenda; Johnson, Christian - 2014
Persistent link: https://www.econbiz.de/10010388660
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Productivity growth and value chains in four European countries
Karpowicz, Izabela; Suphaphiphat, Nujin - 2020
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012170132
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Modeling Optimal Fiscal Consolidation Paths in a Selection of European Countries
Kanda, Daniel - 2011
For a number of countries - Italy, Netherlands, the United Kingdom, Germany, Ireland, and France - this paper develops …
Persistent link: https://www.econbiz.de/10014399115
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Transmission of Financial Stress in Europe : The Pivotal Role of Italy and Spain, but not Greece
González-Hermosillo, Brenda - 2014
Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …’s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in …
Persistent link: https://www.econbiz.de/10014411217
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Narrowing Vertical Fiscal Imbalances in Four European Countries
Karpowicz, Izabela - 2012
, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub …-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in …
Persistent link: https://www.econbiz.de/10014396839
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CDS Spreads in European Periphery : Some Technical Issues to Consider
Singh, Manmohan - 2012
This paper looks at some technical issues when using CDS data, and if these are incorporated, the analysis or regression results are likely to benefit. The paper endorses the use of stochastic recovery in CDS models when estimating probability of default (PD) and suggests that stochastic...
Persistent link: https://www.econbiz.de/10014396907
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The role of risk and information for international capital flows : new evidence from the SDDS
Hashimoto, Yūko; Wacker, Konstantin - 2012
In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance...
Persistent link: https://www.econbiz.de/10009659821
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Emerging market portfolio flows : the role of benchmark-driven investors
Arslanalp, Serkan; Tsuda, Takahiro - 2015
Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called 'benchmark effect.' This paper finds that benchmark-driven investors indeed play a large role in a key segment of the...
Persistent link: https://www.econbiz.de/10011445830