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On the determinants of euro area FDI to the United States

Santis, Roberto A. De; Anderton, Robert; Hijzen, Alexander - 2004

The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing the Tobin's Q-model of investment. By using the fixed effects panel estimator, stock market developments in the euro area countries - including a measure adjusted for economic...

Persistent link: https://www.econbiz.de/10009636552

Did the euro change the nature of FDI flows among member states?

Sondermann, David; Vansteenkiste, Isabel - 2019

In this paper we investigate the impact of the euro integration process on the drivers of FDI inﬂows. We show theoretically and empirically that the single currency alters the drivers of FDI inﬂows across its Member States. Estimating bilateral gravity models of FDI inﬂows into euro area...

Persistent link: https://www.econbiz.de/10011999066

Determinants of FDI inflows in advanced economies : does the quality of economic structures matter?

Dellis, Konstantinos; Sondermann, David; Vansteenkiste, … - 2017

This paper investigates the role of economic structures as determinants of FDI inflows. We expand on the existing literature by focusing on advanced economies, using a newly available measure of FDI which cleans the data from statistical artefacts, such as financial round tripping, and by...

Persistent link: https://www.econbiz.de/10011647827

Cross-border effects of prudential regulation : evidence from the euro area

Franch, Fabio; Nocciola, Luca; Żochowski, Dawid - 2019

We analyse the cross-border propagation of prudential regulation in the euro area. Using the Prudential Instruments Database (Cerutti et al., 2017b) and a unique confidential database on balance sheets items of euro-area financial institutions we estimate panel models for 248 banks from 16...

Persistent link: https://www.econbiz.de/10012009222

Reading the footprints : how foreign investors shape countries' participation in global value chains

Buelens, Christian; Tirpák, Marcel - 2017

We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...

Persistent link: https://www.econbiz.de/10011647903

Financial exposure and bank mergers : micro and macro evidence from the EU

Lebastard, Laura - 2022

This paper studies for the first time the links between interbank liability and equity markets (financial exposure), and mergers and acquisitions (M&As) in the European banking sector, both at the micro and macro level. Using a binary logit model, the paper first examines - at the micro level -...

Persistent link: https://www.econbiz.de/10013367631

Fixed rate versus adjustable rate mortgages : evidence from euro area banks

Albertazzi, Ugo; Fringuellotti, Fulvia; Ongena, Steven - 2019

Why do residential mortgages carry a fixed or an adjustable interest rate? To answer this question we study unique data from 103 banks belonging to 73 different banking groups across twelve countries in the euro area. To explain the large cross-country and time variation observed, we distinguish...

Persistent link: https://www.econbiz.de/10012114984

FDI and productivity convergence in central and eastern Europe : an industry-level investigation

Bijsterbosch, Martin; Kolasa, Marcin - 2009

This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the industry level....

Persistent link: https://www.econbiz.de/10003826485

International capital flows at the security level : evidence from the ECB's Asset Purchase Programme

Bergant, Katharina; Fidora, Michael; Schmitz, Martin - 2020

We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Pro- gramme at the security level. Based on net transactions of domestic and foreign securities, we observe euro area sectors' capital ows into individual securities, cleaned from valuation effects. Our...

Persistent link: https://www.econbiz.de/10012197845

Forecast performance in the ECB SPF : ability or chance?

Meyler, Aidan - 2020

In this paper, we consider whether differences in the forecast performance of ECB SPF respondents reflect ability or … chance. Although differences in performance metrics sometimes appear substantial, it is challenging to determine whether they … reflects both the absolute and relative performance of each forecaster and they used bootstrap techniques to compare the …

Persistent link: https://www.econbiz.de/10012156473

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