Narrow search
Showing 1 - 10 of 1,458
Cover Image
Are preferential agreements beneficial to EU trade? : new evidence from the EU-South Korea treaty
Quintieri, Beniamino; Stamato, Giovanni - 2023
This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade … disaggregated data, we quantify both the trade impact and the observed heterogeneity in the FTA estimates. In line with literature …, we find that the FTA exerted asymmetric effects in bilateral exports across directions of trade. Compared to previous …
Persistent link: https://www.econbiz.de/10014342219
Cover Image
Global trade in final goods and intermediate inputs : impact of FTAs and reduced "border effects"
Franco-Bedoya, Sebastian; Frohm, Erik - 2020
International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining "border effects" that are arguably related to the ICT revolution...
Persistent link: https://www.econbiz.de/10012216588
Cover Image
Trade integration of Central and Eastern European countries : lessons from a gravity model
Bussière, Matthieu (contributor);  … - 2005
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEECs) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10003208681
Cover Image
Globalisation and the efficiency-equity trade-off
Beck, Roland; Di Nino, Virginia; Stracca, Livio - 2021
We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by...
Persistent link: https://www.econbiz.de/10012511089
Cover Image
Mars or Mercury redux : the geopolitics of bilateral trade agreements
Eichengreen, Barry; Mehl, Arnaud; Chițu, Livia - 2019
We analyze the role of economic and security considerations in bilateral trade agreements. We use the pre-World War I …
Persistent link: https://www.econbiz.de/10011975627
Cover Image
Macroprudential regulation in the European Union in 1995-2014 : introducing a new data set on policy actions of a macroprudential nature
Budnik, Katarzyna; Kleibl, Johannes - 2018
This paper introduces a new comprehensive data set on policies of a macroprudential nature in the banking sectors of the 28 member states of the European Union (EU) between 1995 and 2014. The Macroprudential Policies Evaluation Database (MaPPED) offers a detailed overview of the "life-cycle" of...
Persistent link: https://www.econbiz.de/10011779845
Cover Image
Designing a macroprudential capital buffer for climate-related risks
Bartsch, Florian; Busies, Iulia; Emambakhsh, Tina; … - 2024
Amid the growing financial vulnerabilities posed by climate change, we investigate macroprudential capital buffers to mitigate systemic risks and increase the resilience of the banking sector. Leveraging granular data and state-of-the-art stress testing methods, we quantify potential bank losses...
Persistent link: https://www.econbiz.de/10014558804
Cover Image
Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions
Andersson, Magnus (contributor) - 2007
This paper examines bond and stock market volatility reactions in the euro area and the US following their respective economies' monetary policy decisions, over a uniform sample period (April 1999 to May 2006). For this purpose, intraday data on the US and euro area bond and stock markets are...
Persistent link: https://www.econbiz.de/10003422693
Cover Image
Maintaining low inflation : money, interest rates, and policy stance
Reynard, Samuel (contributor) - 2007
This paper presents a systematic empirical relationship between money and subsequent prices and output, using US, euro area and Swiss data since the 1960-70s. Monetary developments, unlike interest rate stance measures, are shown to provide qualitative and quantitative information on subsequent...
Persistent link: https://www.econbiz.de/10003473013
Cover Image
Unconventional monetary policy and the great recession : estimating the impact of a compression in the yield spread at the zero lower bound
Baumeister, Christiane; Benati, Luca - 2010
We explore the macroeconomic impact of a compression in the long-term bond yield spread within the context of the Great Recession of 2007-2009 via a Bayesian time-varying parameter structural VAR. We identify a 'pure' spread shock which, leaving the short-term rate unchanged by construction,...
Persistent link: https://www.econbiz.de/10008688522