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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
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Interpreting implied risk-neutral densities
Hördahl, Peter; Vestin, David - 2003
This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...
Persistent link: https://www.econbiz.de/10009635905
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Public investment, transport infrastructure and growth in Poland
Rutkowski, Aleksander - 2009
This Country Focus discusses the relation between public investment and economic growth in Poland. Theoretical and empirical work has shown that improvements in the quantity and quality of public infrastructure have a positive impact on growth in the medium and, possibly, in the long run. The...
Persistent link: https://www.econbiz.de/10009641072
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Upswing in Germany: how long will it last?
Jansen, Heinz; Stierle, Michael H. - 2007
Following several years of low growth Germany is presently enjoying a relatively strong recovery. With unemployment … persistent structural unemployment. This weakness in providing labour and capital inputs means that Germany risks losing some of …
Persistent link: https://www.econbiz.de/10009641144
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Liberalisation and development of the Czech financial sector: more to come
Kay, Neil - 2007
The Czech financial sector has changed dramatically since transition. In fifteen years, it has developed from a state-owned mono-bank into a privatised bank-based financial system with developing capital and private equity markets. This country focus analyses the development of the financial...
Persistent link: https://www.econbiz.de/10009641248
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Domestic gloom and export boom : a look at German competitiveness
Jansen, Heinz - 2005
Since 1995 Germany has barely managed to grow by 1.2% annually, with growth over the last four years averaging only 0 ….6%. In 2005, growth will again be below1%. With these low growth rates Germany has clearly fallen behind all the other … Germany’s high labour costs andtaxes, and high levels of regulation. This has been exacerbated by new challenges over the last …
Persistent link: https://www.econbiz.de/10011902490
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The social impact of the crisis - Background paper
European Foundation for the Improvement of Living and … - 2011
to return to 2007 levels in each of the largest Member States, even in those like Germany where recovery has been most …
Persistent link: https://www.econbiz.de/10012023023
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Industry linkages and transmission shocks in Germany
Marcusson, Mats - 2010
Persistent link: https://www.econbiz.de/10012116924
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Comparing economic dynamics in the EU and CEE accession countries
Süppel, Ralph - 2003
This paper presents evidence for structural differences in economic growth dynamics between the current EU and the central- and eastern European accession countries. Two important results emerge from the analysis. First, accession countries have posted higher average growth and wider output...
Persistent link: https://www.econbiz.de/10009635910
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Finance and growth in the EU
De Ávila, Diego Romero - 2003
This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...
Persistent link: https://www.econbiz.de/10009635911