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Putting the New Keynesian Model to a Test

Straub, Roland - 2006

United States and the euro area. In contrast to the NK DSGE models, the empirical results indicate that technology shocks …

Persistent link: https://www.econbiz.de/10014402244

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis

International Monetary Fund - 2009

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …

Persistent link: https://www.econbiz.de/10014402377

Will they Sing the Same Tune? : Measuring Convergence in the New European System of Financial Supervisors

Quintyn, Marc - 2009

In June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto...

Persistent link: https://www.econbiz.de/10014402480

Bankers without Borders? : Implications of Ring-Fencing for European Cross-Border Banks

Makarova, Yulia - 2010

This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its subsidiaries located in different jurisdictions) on cross-border banks. Using a sample of 25 large...

Persistent link: https://www.econbiz.de/10014402660

Caribbean Bananas : The Macroeconomic Impact of Trade Preference Erosion

Cashin, Paul A. - 2010

This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of Caribbean bananas to Europe. Estimates are made of the magnitude of implicit assistance provided over a period of three decades to eastern Caribbean countries through banana trade...

Persistent link: https://www.econbiz.de/10014402726

The Fundamental Determinants of Credit Default Risk for European Large Complex Financial Institutions

Podpiera, Jiri - 2010

This paper attempts to identify the fundamental variables that drive the credit default swaps during the initial phase of distress in selected European Large Complex Financial Institutions (LCFIs). It uses yearly data over 2004 - 08 for 29 European LCFIs. The results from a dynamic panel data...

Persistent link: https://www.econbiz.de/10014402795

Does NGO Aid Go to the Poor? : Empirical Evidence From Europe

Nancy, Gilles - 2006

This paper studies the aid allocation of European nongovernmental organizations (NGOs). Once population is controlled for, poverty consistently appears as the main worldwide determinant of NGO aid allocation. NGOs do not respond to strategic considerations. Their funding source does not seem to...

Persistent link: https://www.econbiz.de/10014402984

Policy Credibility and Sovereign Credit : The Case of New EU Member States

Kumar, Manmohan S. - 2007

References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in both economic literature and financial markets, even though it is not directly observable. The case of the EU new member states (NMS)-emerging markets joining a supranational entity that is generally...

Persistent link: https://www.econbiz.de/10014403003

Globalization and Income Inequality : A European Perspective

Harjes, Thomas - 2007

very uneven and much less pronounced in euro-area countries, suggesting that broad phenomena such as trade liberalization …

Persistent link: https://www.econbiz.de/10014403015

From Bear Stearns to Anglo Irish : How Eurozone Sovereign Spreads Related to Financial Sector Vulnerability

Mody, Ashoka - 2009

eurozone. Following the onset of the subprime crisis in July 2007, spreads rose but mainly on account of common global factors …. Sovereign spreads of a eurozone country tended to rise when the prospects of its domestic financial sector worsened. It appears …: sovereign spreads throughout the eurozone jumped, with the jump emphasizing the differentiation by financial sector …

Persistent link: https://www.econbiz.de/10014403079