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Do financial market variables show (symmetric) indicator properties relative to exchange rate returns?
Castrén, Olli - 2004
This paper assesses the contemporaneous, leading and lagging indicator properties of financial market variables relative to movements in six major developed country currency pairs. As indicator variables changes in various relative asset prices, short-term portfolio flows and currency options...
Persistent link: https://www.econbiz.de/10009639433
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Real exchange rate in an inter-temporal n-country-model with incomplete markets
Mercereau, Benoît - 2003
We develop an N-country model with stock markets in which closed-form solutions for the real exchange rate is derived. Our model allows for a given number of risky-assets, which form an incomplete market. Risky asset prices and allocations of risky assets among countries are determined...
Persistent link: https://www.econbiz.de/10009639862
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Reverse causality in global current accounts
Schnabl, Gunther; Freitag, Stephan - 2010
Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. …
Persistent link: https://www.econbiz.de/10009640332
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Methodological advances in the assessment of equilibrium exchange rates
Bussière, Matthieu; Ca’ Zorzi, Michele; Chudík, … - 2010
. The third issue discusses the uncertainty associated to the estimation of a reduced form relationship for the real … exchange rate, concluding that inference can be improved by panel estimation. The fourth and final issue addresses the presence … of strong and weak cross section dependence in panel estimation, suggesting which panel estimators one could use in this …
Persistent link: https://www.econbiz.de/10009640408
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The impact of monetary union on trade prices
Anderton, Robert; Baldwin, Richard E.; Taglioni, Daria - 2003
Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...
Persistent link: https://www.econbiz.de/10009635969
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Opinion of the European Union Agency for Fundamental Rights on fundamental rights in the ‘hotspots’ set up in Greece and Italy : FRA Opinion 5/2016
Europäische Union / Agentur für Grundrechte - 2016
’s field presence in Greece, this opinion is based to a great extent on FRA observations. These are complemented by desk … research and findings from FRA missions to Italy. The advice provided therein is conceived in a manner as to be valid for the …
Persistent link: https://www.econbiz.de/10011977226
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Umsetzung der EU-Maßnahmen für Jugendbeschäftigung aus Sicht der Zivilgesellschaft : Bericht über sechs Mitgliedstaaten
Europäischer Wirtschafts- und Sozialausschuss - 2014
: Austria, Croatia, Finland, Greece, Italy and Slovakia, seen from a civil society perspective. It deals with topics such as the …
Persistent link: https://www.econbiz.de/10010520699
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The implementation of EU policies for youth employment : a civil society perspective : reports on missions to Greece, Croatia, Italy, Austria, Slovakia and Finland
Europäischer Wirtschafts- und Sozialausschuss - 2014
: Austria, Croatia, Finland, Greece, Italy and Slovakia, seen from a civil society perspective. It deals with topics such as the …
Persistent link: https://www.econbiz.de/10010520700
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Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...
Persistent link: https://www.econbiz.de/10009635970