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greenfield investments (GIs) and mergers and acquisitions (M&As). The findings indicate that market size and trade relationships …
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grow rapidly around the globe. Despite the high level of unemployment in some countries, the euro area is experiencing … suitably curb expansion. And a somewhat less expansive monetary policy emanating from the USA and euro area could curb …
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Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
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liquidity shocks on real share and house prices, VAR models are specified for the US and the euro area, as well as global VARs … effect is restricted to the US. Stock market prices are not affected. Thus, the results suggest that the link between …
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