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From 2010 to 2012, the relation between bank stock returns from European Union (EU) countries and the returns on …
Persistent link: https://www.econbiz.de/10012457516
We develop a multicountry model in which default in one country triggers default in other countries. Countries are linked to one another by borrowing from and renegotiating with common lenders with concave payoffs. A foreign default increases incentives to default at home because it makes new...
Persistent link: https://www.econbiz.de/10012459113
Persistent link: https://www.econbiz.de/10012226140
"sovereign yield shocks" transmit across countries in the Eurozone. Second, we estimate short-term supply and demand multipliers …
Persistent link: https://www.econbiz.de/10012482423
primary and secondary market yields, market segmentation, and measures of information acquisition during the Eurozone …
Persistent link: https://www.econbiz.de/10013334434
We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...
Persistent link: https://www.econbiz.de/10013334457
We re-examine monetary policy spillovers to Emerging Market Economies (EME) in the form of capital flow reversals, using sectoral-level securities holdings data for Euro Area investors. In response to a surprise monetary tightening, active investors such as investment funds re-balance their...
Persistent link: https://www.econbiz.de/10015072927
yield shocks” transmit across countries in the Eurozone. We sketch how GIVs could be useful to estimate a host of other …
Persistent link: https://www.econbiz.de/10014089927
From 2010 to 2012, the relation between bank stock returns from European Union (EU) countries and the returns on …
Persistent link: https://www.econbiz.de/10013022926
Persistent link: https://www.econbiz.de/10003892128