Showing 1 - 10 of 237
This study examines the nature of interdependence, and return and volatility spillovers, for three Indian exchange rates: US dollar (USD), Euro and British Pound. We use the spillover index methodology of Diebold and Yilmaz (2009) to analyse precisely and independently the returns and volatility...
Persistent link: https://www.econbiz.de/10009352440
We have chosen to adopt an interdisciplinary approach to debt, leading to a transdisciplinary analysis of sovereign debt. Disciplinary fields as varied as logic, accounting, finance, psychology, geopolitics, economics, statistics, ethics, rhetoric and political discourse analysis are mobilised...
Persistent link: https://www.econbiz.de/10010669854
This article compares today's euro-zone debt crisis, in terms of economic diplomacy, with the earlier crisis in Latin … total failure to reconcile tensions in the euro-zone crisis. Growing imbalances between debtors and creditors led to serious … loss of confidence. Early mistakes over Greece fed contagion throughout the euro-zone. No institution acted as neutral …
Persistent link: https://www.econbiz.de/10010670162
Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...
Persistent link: https://www.econbiz.de/10011142163
In most advanced economies, risk-free interest rates – i.e. the rates applicable to assets with minimal credit risk – have fallen to historically low levels over the recent period, in both nominal and real terms. These interest rates are particularly important because they serve as the basis...
Persistent link: https://www.econbiz.de/10011272855
In the wake of the two longer-term refinancing operations with a maturity of three years conducted in December 2011 and February 2012, amounts placed on the Eurosystem’s deposit facility surged to unprecedented high levels of around € 800 billion. The article clarifies how this high recourse...
Persistent link: https://www.econbiz.de/10011272861
This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the...
Persistent link: https://www.econbiz.de/10005046200
Persistent link: https://www.econbiz.de/10004261874
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf Cooperation Council (GCC) countries and MENA oil exporters to...
Persistent link: https://www.econbiz.de/10010790399
In der Debatte über die Zukunft der Eurozone wird auch das Konzept der Bankenunion diskutiert. Hans-Peter Burghof …
Persistent link: https://www.econbiz.de/10010578145