Europe's political and economic integration and especially the single European currency have significantly advanced the interconnectedness of the financial markets. The increasing diversification of equity capital within and outside the euro area, in particular, has contributed to international...

Die politische und wirtschaftliche Integration Europas, besonders auch die gemeinsame Währung, haben die Verflechtung der Finanzmärkte wesentlich vorangetrieben. Mit der zunehmenden Diversifizierung von Beteiligungskapital wurde die internationale Konsumglättung gefördert. Dies lässt sich...

Die politische und wirtschaftliche Integration Europas, besonders auch die gemeinsame Währung, haben die Verflechtung der Finanzmärkte wesentlich vorangetrieben. Mit der zunehmenden Diversifizierung von Beteiligungskapital wurde die internationale Konsumglättung gefördert. Dies lässt sich...

The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...

The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...

The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...

Chartist and fundamentalist models have proven to be capable of replicating stylized facts on speculative markets. In general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective trader groups. This paper investigates whether or...

We use oil price forecasts from the Consensus Economic Forecast poll for the time period Oct. 1989 – Dec. 2008 to analyze how forecasters form their expectations. Our findings indicate that the extrapolative as well as the regressive expectation formation hypothesis play a role. Standard...

Chartist and fundamentalist models have proven to be capable of replicating stylized facts on speculative markets. In general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective trader groups. This paper investigates whether or...

Chartist and fundamentalist models have proven to be capable of replicating stylized facts on speculative markets. In general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective trader groups. This paper investigates whether or...