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Financial markets and international risk sharing in emerging market economics

Schmitz, Martin - 2012

Persistent link: https://www.econbiz.de/10009765166

Interdependence and contagion in global asset markets

Beirne, John; Gieck, Jana - 2012

Persistent link: https://www.econbiz.de/10009765960

Capital controls and international financial stability : a dynamic general equilibrium analysis in incomplete markets

Buss, Adrian - 2013

Persistent link: https://www.econbiz.de/10010195477

What drives euro area financial market developments? : the role of US spillovers and global risk

Brandt, Lennart; Saint-Guilhem, Arthur; Schröder, … - 2021

Financial asset prices contain a rich set of real-time information on the economy. To extract this information, it is crucial to understand the driving factors behind financial market developments. In this paper, we exploit daily cross-asset price movements in a sign-restricted BVAR model to...

Persistent link: https://www.econbiz.de/10012519484

Structural asymmetries and financial imbalances in the eurozone

Jaccard, Ivan; Smets, Frank - 2017

Almost two decades after the introduction of the common currency, differences in institutional frameworks remain a major source of cross-country heterogeneity in the eurozone. We develop a two-country model with incomplete international markets in which the availability of credit depends on the...

Persistent link: https://www.econbiz.de/10011662924

EME financial conditions : which global shocks matter?

Lodge, David; Manu, Ana-Simona - 2019

This paper provides a quantitative assessment of the relative importance of global structural shocks for changes in financial conditions across a sample of emerging market economies. We disentangle four key drivers of global financial markets (oil supply shocks, global economic news shocks,...

Persistent link: https://www.econbiz.de/10012009181

Financial transaction taxes, market composition, and liquidity

Colliard, Jean-Edouard; Hoffmann, Peter - 2017

We use the introduction of a financial transaction tax (FTT) in France in 2012 to test competing theories on its impact. We find no support for the idea that an FTT improves market quality by affecting the composition of trading volume. Instead, our results are in line with the hypothesis that a...

Persistent link: https://www.econbiz.de/10011637023

Does it pay to have the euro? : Italy's politics and financial markets under the lira and the euro

Fratzscher, Marcel; Stracca, Livio - 2009

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy's financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …

Persistent link: https://www.econbiz.de/10003867036

The microstructure of the euro money market

Hartmann, Philipp; Manna, Michele; Manzanares, Andrés - 2001

Persistent link: https://www.econbiz.de/10001636931

International risk-sharing and the transmission of productivity shocks

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004

A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

Persistent link: https://www.econbiz.de/10009636531

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