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This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies...
Persistent link: https://www.econbiz.de/10012397755
This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock...
Persistent link: https://www.econbiz.de/10014015328
Concept of Labour Market Flexicurity in the Eurozone -- The Spanish Case: The Housing Market Bubble and External Disequilibria … save the eurozone and Europe. …
Persistent link: https://www.econbiz.de/10014016996
Shock Propagation Mechanisms and Business Cycle Convergence -- 6 Summary and Policy Implications -- 7 Appendix -- References …
Persistent link: https://www.econbiz.de/10014016119
Holger Markmann studies covered bonds and their market behaviour upon the announcement and implementation of outright covered bond purchases by the eurosystem. After introducing the covered bond market, its reaction to the global financial crisis, and the functionality of unconventional monetary...
Persistent link: https://www.econbiz.de/10012396220
The creation of a single monetary currency and a single monetary policy in the euro area has faced extraordinary challenges, among them the design of suitable monetary policy instruments. This book evaluates monetary policy instruments of the Eurosystem against a number of requirements. To do...
Persistent link: https://www.econbiz.de/10013520716
How should investors manage portfolios during crises? This question has surfaced since the 2008 global financial crisis, which is the latest of a series of shocks that began in the early 1970s. While crisis situations offer opportunities to outperform markets or to be engulfed by them, little...
Persistent link: https://www.econbiz.de/10012397123
information embedded in unexpected, but public observable text data in shock and nonshock information. The monitor is trained …
Persistent link: https://www.econbiz.de/10014018810
Verena Anna Berger investigates the question to what extent credit default swap spreads are impacted by an increase of government bond yields within the European area. In the first step, these spreads are computed with the help of the Hull-White model to demonstrate the theoretical calculation....
Persistent link: https://www.econbiz.de/10012397669
: Selected channels of transmission -- Chapter 3. UK policy uncertainty shock and South African economy: Inferences from the … exchange rate, exports and inflation channels.- Chapter 4. Foreign GDP growth uncertainties shock and South African economy …, foreign demand and domestic policy uncertainty shock effects on economic sectors.- Chapter 8. The transmission channels of the …
Persistent link: https://www.econbiz.de/10012398308