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The grand divergence : global and European current account surpluses

Darvas, Zsolt M. - 2015

Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased....

Persistent link: https://www.econbiz.de/10011308003

Does money matter in the Euro Area? : evidence from a new Divisia index

Darvas, Zsolt M. - 2014

Standard simple-sum monetary aggregates, like M3, sum up monetary assets that are imperfect substitutes and provide different transaction and investment services. Divisia monetary aggregates, originated from Barnett (1980), are derived from economic aggregation and index number theory and aim to...

Persistent link: https://www.econbiz.de/10010423794

Productivity, labour cost and export adjustment : detailed results for 24 EU countries

Darvas, Zsolt M. - 2012

Persistent link: https://www.econbiz.de/10009564376

Economic sentiment indicators and foreign direct investment : empirical evidence from European Union countries

Cieślik, Andrzej; Ghodsi, Mahdi - 2021

foreign direct investment (FDI) across European Union (EU) member states. Based on the knowledge-capital model, the study … across EU member states during the period 2003-2017. The empirical evidence suggests that better economic sentiment in an EU … Member State induces MNEs to undertake FDI in that country, while worse economic sentiment in an EU member state motivates an …

Persistent link: https://www.econbiz.de/10012589358

Impact of technical barriers to trade on the trade in goods in the information and communications technology sector : differentiating by aim of the regulatory measure

Ghodsi, Mahdi - 2021

In this modern digital world, goods from the information and communications technology (ICT) sector are the engine of the global economy. While tariffs levied on ICT goods have been eliminated or significantly reduced since the conclusion in December 1996 of the Information Technology Agreement...

Persistent link: https://www.econbiz.de/10012614151

Non-tariff measures and the quality of imported products

Ghodsi, Mahdi; Stehrer, Robert - 2020

Eight multilateral rounds of negotiations under the General Agreement on Tariffs and Trade (GATT) and international agreements under the World Trade Organisation (WTO) have contributed significantly to the reduction of tariffs among WTO members. However, over the years legitimate reasons for the...

Persistent link: https://www.econbiz.de/10012304204

A new look at net balances in the European Union's next multiannual budget

Darvas, Zsolt M. - 2019

pay in more than they receive - rather than on the broader overall positive effects of EU spending. Thelargest net … regressivesystem of revenue corrections.To inform debate on the 2021-2027 EU budget, I estimated the impact on net balances of the 2018 … EU's "operating budgetary balance" indicator, and on the basis of a new and broader indicator, the "net direct balance …

Persistent link: https://www.econbiz.de/10012302015

Divorce settlement or leaving the club? : a breakdown of the Brexit bill

Darvas, Zsolt M.; Efstathiou, Konstantinos; Raposo, … - 2017

could be a prerequisite for the more meaningful discussions on the new EU-UK economic relationship after Brexit, such as ….1 billion, possibly with a large upfront UK payment followed by significant EU reimbursements later. …

Persistent link: https://www.econbiz.de/10011715693

Regional and global financial safety nets : the recent European experience and its implications for regional cooperation in Asia

Darvas, Zsolt M. - 2017

This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis-which were supported...

Persistent link: https://www.econbiz.de/10011715721

Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

Darvas, Zsolt M.; Schoenmaker, Dirk; Véron, Nicolas - 2016

markets. However, the policy framework proved inadequate in the context of the major financial crisis in the EU starting in … structural institutional change for the EU, arguably the most significant since the introduction of the euro. Even in its current …

Persistent link: https://www.econbiz.de/10011613840