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Retrenchment of euro area banks and international banking models
Argimón, Isabel; Fernández Ortiz, Elena; … - 2020
In this paper, we analyze the importance of international banking models, along the operational and the funding dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking Statistics, we find that the multinational model (higher...
Persistent link: https://www.econbiz.de/10012312194
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The role of systemic risk spillovers in the transmission of Euro area monetary policy
Skouralis, Alexandros - 2021
This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR …
Persistent link: https://www.econbiz.de/10012704731
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How far away is an intangible? : services FDI and distance
Davies, Ronald B.; Guillin, Amélie - 2011 - First draft
Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs. This paper investigates spatial interactions for...
Persistent link: https://www.econbiz.de/10009731741
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Foreign direct investment and the ease of doing business
Corcoran, Adrian; Gillanders, Robert - 2012
This paper examines the effect that a country's business regulatory environment has on the amount of foreign direct investment it attracts. We use the World Bank's Ease of Doing Business ranking to capture the costs that firms face when operating in a country. Several interesting results emerge....
Persistent link: https://www.econbiz.de/10009733076
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Greenfield versus merger & acquisition FDI : same wine, different bottles?
Davies, Ronald B.; Desbordes, Rodolphe; Ray, Anna - 2015
Relying on a large foreign direct investment (FDI) transaction level dataset, unique both in terms of disaggregation and time and country coverage, this paper examines patterns in greenfield (GF) versus merger & acquisition (MA) investment. Although both are found to seek out large markets with...
Persistent link: https://www.econbiz.de/10010479021
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Joint foreign ownership and global value chains effects on productivity : a comparison of firms from Poland and Germany
Szymczak, Sabina; Parteka, Aleksandra; … - 2022 - This version: May 2022
The study confronts the joint effects of foreign ownership and its involvement in global value chains (GVC) on the productivity performance of firms from a catching-up country (Poland) and a leader economy (Germany). Domestic owned firms are less productive than foreign ones, which is...
Persistent link: https://www.econbiz.de/10013257645
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Transport infrastructure investments and competition for FDI
Hynes, Kate; Ma, Jie; Yuan, Cheng - 2017
This paper studies how transport infrastructure investments affect a bidding war for a firm between two asymmetric countries within a region in a context of imperfect competition, where transport infrastructure investments play the role of a global public good, leading to a reduction in the unit...
Persistent link: https://www.econbiz.de/10011723862
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Sovereign default and the euro
Whelan, Karl - 2013
The introduction of the euro meant that countries with sovereign debt problems could not use monetisation and … devaluation as a way to prevent default. The institutional structures of the euro were also widely thought to prevent a country in … difficulties being bailed out by other euro members or having its sovereign debt purchased by the ECB. Despite these restrictions …
Persistent link: https://www.econbiz.de/10009774847
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The impact of a sovereign default within the Euro zone on the exchange rate
Breuer, Arne; Sauter, Oliver - 2012
We use quanto credit default swaps to analyze the impact of a credit event in the Euro zone on the Euro-Dollar exchange … credit event if the payment in such an event is denominated in US-Dollar rather than in Euro, because they expect the Euro to … conditional on a credit event of a member of the Euro zone. We find that the implied effect is quite heterogeneous across the …
Persistent link: https://www.econbiz.de/10012822373
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The effect of the Euro changeover on prices: evidence from Lithuania
Jouvanceau, Valentin - 2021
Persistent link: https://www.econbiz.de/10012792743