Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

This paper uses the co-incidence of extreme shocks to banksu0092 risk to examine within country and across country contagion among large EU banks. Banksu0092 risk is measured by the first difference of weekly distances to default and abnormal returns. Using Monte Carlo simulations, the paper...

We assess monetary convergence preceding the implementation of the European Monetary Union (EMU) through Kalman filtering estimates of the risk premium of eleven forward exchange rates of European and non-European currencies. Since all participating currencies are in effect identical from...

Global bonds are international securities designed to be traded and settled efficiently in multiple markets. This paper studies global bonds to examine the effects of multimarket trading on corporate bond liquidity, prices, and the cost of debt. Using a sample of primary and secondary market...

Die Studie befasst sich kurz mit den Folgen der Anschläge für die Wirtschaft von Entwicklungs- und Schwellenländern, wo hauptsächlich das Tourismus- und Transportgewerbe betroffen sind. Die Anschläge haben die dortige strukturell schwache Wirtschaft in einer Zeit nachlassender Konjunktur...

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in Austria.

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in Belgium

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in Denmark.

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in Finnland.

Anti-islamic reactions in the EU after the terrorist acts against the USA observed in France.