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Does the euro make a difference? : spatio-temporal transmission of global shocks to real effective exchange rates in an infinite VAR

Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries.real effective exchange rates, including those of the individual euro area economies, and compares …

Persistent link: https://www.econbiz.de/10008901483

Getting beyond carry trade : what makes a safe haven currency?

Habib, Maurizio Michael; Stracca, Livio - 2011

There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...

Persistent link: https://www.econbiz.de/10008901495

Estimating and analysing currency options implied risk-neutral density functions for the largest new EU member states

Castrén, Olli (contributor) - 2005

, Czech Republic and Hungary vis-à-vis the euro and the US dollar to estimate the risk-neutral density (RND) functions and the …

Persistent link: https://www.econbiz.de/10002814277

Determinants of the euro real effective exchange rate : a BEER/PEER approach

Maeso-Fernandez, Francisco; Osbat, Chiara; Schnatz, Bernd - 2001

Persistent link: https://www.econbiz.de/10001636942

Output growth and fluctuation : the role of financial openness

Popov, Alexander - 2011

I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative skewness of the growth process. The increase in output...

Persistent link: https://www.econbiz.de/10009354652

Supply or demand : what drives fluctuations in the bank loan market?

Altavilla, Carlo; Boucinha, Miguel; Bouscasse, Paul - 2022

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …

Persistent link: https://www.econbiz.de/10012818795

Issuance and valuation of corporate bonds with quantitative easing

Pegoraro, Stefano; Montagna, Mattia - 2021

dataset of corporate bonds in the euro area, we document how firms substituted across bond characteristics, and we find …

Persistent link: https://www.econbiz.de/10012422429

Credit constraints, firm investment and growth : evidence from survey data

García-Posada, Miguel - 2018

We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from the Survey on the access to finance of enterprises...

Persistent link: https://www.econbiz.de/10011792068

Who benefits from the corporate QE? : a regression discontinuity design approach

Abidi, Nordine; Miquel-Flores, Ixart - 2018

On March 10, 2016, the European Central Bank (ECB) announced the Corporate Sector Purchase Programme (CSPP) - commonly known as corporate quantitative easing (QE) - to improve the financing conditions of the Eurozone's real economy and strengthen the pass-through of unconventional monetary...

Persistent link: https://www.econbiz.de/10011820153