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Regional bank efficiency and its effect on regional growth in "normal" and "bad" times

Belke, Ansgar; Haskamp, Ulrich; Setzer, Ralph - 2015

this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the …

Persistent link: https://www.econbiz.de/10011443947

Exchange rate bands of inaction and play-hysteresis in Greek exports to the euro area, the US and Turkey : sectoral evidence

Belke, Ansgar; Kronen, Dominik - 2015

exports is estimated based on the period from 1995Q1 to 2014Q4. Looking at some of the main export partners of Greece, the … for a part of the Greek exports. We find that Greek export activity is characterized by "bands of inaction" with respect … exports. To check for robustness we (a) estimate Greek export equations for a limited sample excluding the recent financial …

Persistent link: https://www.econbiz.de/10011443931

Exchange rate bands of inaction and hysteresis in EU exports to the global economy : the role of uncertainty

Belke, Ansgar; Kronen, Dominik - 2017

exchange rate uncertainty in ex-ports to some of the most important global export destinations (United States, Japan, Brazil …, Russia, and China). For this purpose, we apply a non-linear model, where suddenly strong spurts of exports occur when changes … exchange rates on exports is estimated based on the period from 1995M1 to 2015M12. Looking at some of the main export …

Persistent link: https://www.econbiz.de/10011691584

Trade and capital flows : substitutes or complements? : an empirical investigation

Belke, Ansgar; Domnick, Clemens - 2019

This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements (implying a positive correlation) or as substitutes (negative correlation)? Although a classic topic in international macroeconomics, the empirical evidence has remained...

Persistent link: https://www.econbiz.de/10012063758

Exit strategies and their impact on the Euro area : a model based view

Belke, Ansgar - 2014

This paper comments on the pros and cons of exit strategies. The focus is on the impact on the Euro area economy of the exit from unconventional monetary policies (UMP) by the Fed, which, appears to be the first central bank to lay out an exiting path. In this context, it discusses the issue of...

Persistent link: https://www.econbiz.de/10010371341

Monetary dialogue 2009 - 2014 : looking backward, looking forward

Belke, Ansgar - 2014

This paper comments on the role of the Monetary Dialogue in the context of an evolving monetary policy. The discussion is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB’s model choice and data revision policies in inflation...

Persistent link: https://www.econbiz.de/10010350483

Portfolio choice of financial investors and European business cycle convergence : a panel analysis for EU countries

Belke, Ansgar; Schneider, Jennifer - 2013

We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU countries. We construct an index of similarity of financial portfolios which we then put into context with the view that “the financial world” has an impact on business cycles...

Persistent link: https://www.econbiz.de/10010255115

Doomsday for the euro area : causes, variants and consequences of breakup

Belke, Ansgar; Verheyen, Florian - 2013

In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on...

Persistent link: https://www.econbiz.de/10010255127

Finance access of SMEs : what role for the ECB?

Belke, Ansgar - 2013

Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe market failures prevent SMEs in southern euro area...

Persistent link: https://www.econbiz.de/10010255130

3-year LTROs : a first assessment of a non-standard policy measure

Belke, Ansgar - 2013

This paper provides a first preliminary assessment of the recent two 3-year long-term refinancing operations (3Y LTROs) conducted by the ECB by putting them into a broader context. The perspective taken is that prevailing in the first half of the year 2012, directly after the path-breaking ECB...

Persistent link: https://www.econbiz.de/10010255141