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Sudden stops and currency crises
Efremidze, Levan; Schreyer, Samuel M.; Sula, Ozan - In: Journal of Financial Economic Policy 3 (2011) November, pp. 304-321
Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical...
Persistent link: https://www.econbiz.de/10010611023
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The 2008 financial crisis: Stock market contagion and its determinants
Luchtenberg, Kimberly F.; Vu, Quang Viet - In: Research in International Business and Finance 33 (2015) C, pp. 178-203
In this paper, we investigate worldwide contagion and its determinants during the 2008 financial crisis. Utilizing an international sample of returns from 2003 to 2009, we consider both uni- and bi-directional contagion. After controlling for crisis-related volatility, we find strong evidence...
Persistent link: https://www.econbiz.de/10011116374
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Bull or bear markets: A wavelet dynamic correlation perspective
Benhmad, François - In: Economic Modelling 32 (2013) C, pp. 576-591
In this paper, we contribute to the literature on the international stock market co-movements and contagion, especially during the recent subprime crisis, by researching the interconnections between international stock markets in time-frequency domain.
Persistent link: https://www.econbiz.de/10010664401
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EMU and the External Value of the Euro
Demertzis, Maria; Hughes Hallett, Andrew - C.E.P.R. Discussion Papers - 1999
The size and economic relevance of Europe may imply a new role for the EURO in the international financial markets. But … will the EURO compete with the $US and the Yen for a place in the basket of international currencies? Will that induce a … run trend of the EURO depends on the economic performance of the partner countries as well as on the properties of the new …
Persistent link: https://www.econbiz.de/10005662141
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The Emergence of the Euro as an International Currency
Alogoskoufis, George; Portes, Richard; Rey, Hélène - C.E.P.R. Discussion Papers - 1997
*The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro … financial markets and thickness externalities in the use of the euro as means of payment will be the major factors determining … the importance of the euro as an international currency. As euro securities markets become deeper and more liquid and …
Persistent link: https://www.econbiz.de/10005662175
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The impact of exchange rate volatility on trade integration among North and South Mediterranean countries
Sabri, Nidal Rachid; Peeters, Marga; Abulaben, Diama K. - Volkswirtschaftliche Fakultät, … - 2012
flows, which comes timely after the increased volatility between the Euro and Arab national currencies during the last few … case of an appreciation of 10% of the Egyptian pound vis-à-vis the euro, while the imports of Egypt from the EU increase by …-pegged currency appreciates vis-à-vis the euro. Finally, we can conclude that the actual exchange rate changes are quite high. …
Persistent link: https://www.econbiz.de/10011110154
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Classifying international aspects of currency regimes
Willett, Thomas; Chiu, Eric M.P.; Sirathorn (B.J.) … - In: Journal of Financial Economic Policy 3 (2011) November, pp. 288-303
Purpose – There has been significant interest in the classification of exchange rate regimes in order to investigate a wide range of hypotheses. Studies of the effects of exchange rate regimes on crises and other aspects of economic performance can have important implications for policy...
Persistent link: https://www.econbiz.de/10010611019
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Argentina: The Root Cause of the Disaster
Porzecanski, Arturo C. - EconWPA - 2005
Persistent link: https://www.econbiz.de/10005124943
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International Evidence on Financial Derivatives Usage
Bartram, Sohnke M.; Brown, Gregory W.; Fehle, Frank R. - EconWPA - 2003
This paper presents international evidence on the use of financial derivatives for a sample of 7,292 non-financial firms from 48 countries including the United States. Across all countries, 59.8% of the firms use derivatives in general, while 43.6% use currency derivatives, 32.5% interest rate...
Persistent link: https://www.econbiz.de/10005134828
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The Constructive Role of Private Creditors
Porzecanski, Arturo C. - EconWPA - 2005
Persistent link: https://www.econbiz.de/10005062696