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Growth expectations, capital flows and international risk sharing

Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003

international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …

Persistent link: https://www.econbiz.de/10009635970

Country and sector-specific spillover effects in the euro area, the United States and Japan

Kaltenhaeuser, Bernd - 2003

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...

Persistent link: https://www.econbiz.de/10009635881

Comparison of US and European Commission guidelines on regulatory impact assessment/analysis

O'Connor Close, Cavan; Mancini, Dominic J. - 2007

Persistent link: https://www.econbiz.de/10009640167

Has the EU’s leading position in global trade changed since the crisis?

Galar, Malgorzata - 2015

The global crisis has taken its toll on the EU’s prime position in international trade. While the EU still has the largest relative market shares, its position has deteriorated since the crisis, much more so than the US, and its comparative advantage in knowledge-intensive goods has been...

Persistent link: https://www.econbiz.de/10011298678

The euro area financial system

Hartmann, Philipp; Maddaloni, Angela; Manganelli, Simone - 2003

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and...

Persistent link: https://www.econbiz.de/10009635984

International equity flows and returns

Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - 2004

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...

Persistent link: https://www.econbiz.de/10009636533

Diversification in euro area stock markets

Moerman, Gerard - 2004

-hype and different volatility regimes. This contrasts with e.g. Rouwenhorst (1999), who finds, based on a different methodology …

Persistent link: https://www.econbiz.de/10009636550

Improving opportunities for initial public offerings on growth stock markets in Europe

Europäische Kommission / Generaldirektion Unternehmen … - 2005

Persistent link: https://www.econbiz.de/10009637605

Business cycles, quality of economic policy and government revenues in Poland

Rutkowski, Aleksander - 2008

The volatility of general government tax revenues has increased in Poland in recent years. The correlation between GDP …

Persistent link: https://www.econbiz.de/10009641087

Ceilings and anchors: fiscal rules for Poland

Rutkowski, Aleksander - 2007

National fiscal frameworks can complement the EU budgetary surveillance procedure. Poland has traditionally had a debt rule, but it did not discourage governments from running high deficits. High expenditure (mainly on social benefits) has been identified as one of the main sources of large...

Persistent link: https://www.econbiz.de/10009641139