Showing 1 - 10 of 18
-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …
Persistent link: https://www.econbiz.de/10010285355
Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...
Persistent link: https://www.econbiz.de/10010260448
bank lending. We are using a dataset on assets and liabilities of commercial banks from five countries (France, Germany …
Persistent link: https://www.econbiz.de/10010260464
Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …
Persistent link: https://www.econbiz.de/10010272104
We analyze the interaction of stock market movements and politics in Germany. In contrast to the empirical evidence …
Persistent link: https://www.econbiz.de/10010260493
structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the … in Germany reflects good economic and monetary policy or merely ?good luck?. …
Persistent link: https://www.econbiz.de/10010260526
Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...
Persistent link: https://www.econbiz.de/10010260632
Using daily Bundesbank foreign exchange market intervention data, we employ a multinomial logit approach to estimate an intervention reaction function for the German Central Bank using options implied volatilities and the deviation of the exchange rate from its target level as explanatory...
Persistent link: https://www.econbiz.de/10010275122
Probit models are employed to evaluate leading indicators for Germany's recessions. The predictive power of leading …
Persistent link: https://www.econbiz.de/10010275291
for Germany from 1968 to 1998, we specify GARCH models to capture the variability of stock market prices, of the real …
Persistent link: https://www.econbiz.de/10010275423