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Efficiency and risk in european banking
Fiordelisi, Franco; Marqués Ibáñez, David; Molyneux, … - 2010
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...
Persistent link: https://www.econbiz.de/10003973573
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Indebtedness in the EU : a drag or a catalyst for growth?
Mika, Alina; Zumer, Tina - 2017
-growth nexus in two alternative empirical set-ups: the traditional cross-county panel regressions and mean group estimations. We …
Persistent link: https://www.econbiz.de/10011764407
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How does competition affect efficiency and soundness in banking? : new empirical evidence
Schaeck, Klaus (contributor); Čihák, Martin (contributor) - 2008
A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key role in the transmission from competition to soundness....
Persistent link: https://www.econbiz.de/10003789457
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Reverse causality in global current accounts
Schnabl, Gunther; Freitag, Stephan - 2010
The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...
Persistent link: https://www.econbiz.de/10003973544
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The Euro Plus Pact : cost competitiveness and external capital flows in the EU countries
Gabrisch, Hubert; Stæhr, Karsten - 2014
Persistent link: https://www.econbiz.de/10010380058
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Assessing long-term fiscal developments : a new approach
Afonso, António; Agnello, Luca; Furceri, Davide - 2009
We use a new approach to assess long-term fiscal developments. By analyzing the time varying behaviour of the two components of government spending and revenue responsiveness and persistence - we are able to infer about the sources of fiscal behaviour. Drawing on quarterly data we estimate...
Persistent link: https://www.econbiz.de/10003832368
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Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness
Afonso, António; Hauptmeier, Sebastian - 2009
decentralization ; European Union ; panel Data …
Persistent link: https://www.econbiz.de/10003866536
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Euro area private consumption : is there a role for housing wealth effects?
Skudelny, Frauke - 2009
the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact …, the panel estimation yields somewhat lower results (0.6 to 1.1 cents). The MPC out of nominal housing wealth lies between … effect of volatile house prices, we find similar effects in the times series estimation while the MPC is larger in the panel …
Persistent link: https://www.econbiz.de/10003866560
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Responses to monetary policy shocks in the east and the west of Europe : a comparison
Jarociński, Marek - 2008
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10003825885
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Explaining the money demand of non-financial corporations in the Euro area : a macro and a micro view
Martínez-Carrascal, Carmen; Landesberger, Julian von - 2010
nineties, when its increase contributed negatively to cash accumulation. - Money demand ; cointegrated VARs ; panel estimation …
Persistent link: https://www.econbiz.de/10008688524