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Unterschiedliche makroökonomische Strukturen, wirtschaftliche Integration und einheitliche Geldpolitik in Europa / Asymmetrie Macroeconomic Structures, Economic Integration and the...

In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 1, pp. 1-21

Zusammenfassung Dieser Beitrag liefert einen Uberblick über die Bedeutung asymmetrischer makroökonomischer Strukturen in den EWU Mitgliedsländern für die einheitliche Geldpolitik. Zunächst wird im Rahmen eines Modells illustriert, welche grundsätzliche Bedeutung asymmetrischen...

Persistent link: https://www.econbiz.de/10014608865

Purchasing Power Parity: Further Evidence and Implications

Hassanain, K. - In: Review of Middle East Economics and Finance 2 (2004) 1, pp. 61-75

persistence. (3) The estimated average half-life of a shock to the real exchange rate in the full panel is 2.19 years. (4) The …

Persistent link: https://www.econbiz.de/10014618729

The Validity of Purchasing Power Parity Hypothesis for Eleven Middle Eastern Countries

Narayan, Paresh K; Prasad, Biman Chand - In: Review of Middle East Economics and Finance 3 (2005) 2, pp. 44-58

There is a large literature that examines purchasing power parity (PPP). The growth in this literature is mainly due to the absence of a consensus view on whether or not PPP holds. This paper considers PPP for 11 Middle Eastern countries using a number of tests: the one-break test unit root, the...

Persistent link: https://www.econbiz.de/10014618747

Purchasing power parity as a long-term memory process

Triki, Mohamed Bilel; Maktouf, Samir - In: International Journal of Emerging Markets 10 (2015) 4, pp. 711-725

Purpose – The purpose of this paper is to focus on whether the deviations from the cointegrating relationship possess long memory and the fractional cointegration analyses may capture a wider range of mean-reversion behaviour than standard cointegration analyses. Design/methodology/approach...

Persistent link: https://www.econbiz.de/10014788373

Foreign exchange markets and the purchasing power parity theory

Iyke, Bernard Njindan; Odhiambo, Nicholas M. - In: African Journal of Economic and Management Studies 8 (2017) 1, pp. 89-102

Purpose The purpose of this paper is to examine the validity of the purchasing power parity (PPP) hypothesis for two Southern African countries, namely: Lesotho and Zambia. Design/methodology/approach The authors utilized four econometric tests to examine the existence of the PPP hypothesis in...

Persistent link: https://www.econbiz.de/10014668604

Predictive Ability of Business Cycle Indicators under Test

Carstensen, Kai; Wohlrabe, Klaus; Ziegler, Christina - In: Jahrbücher für Nationalökonomie und Statistik 231 (2011) 1, pp. 82-106

Summary In this paper we assess the information content of seven widely cited early indicators for the euro area with respect to forecasting area-wide industrial production. To this end, we use various tests that are designed to compare competing forecast models. In addition to the standard...

Persistent link: https://www.econbiz.de/10014609329

Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?

Belke, Ansgar - In: Review of Economics 64 (2013) 3, pp. 341-368

Abstract This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible...

Persistent link: https://www.econbiz.de/10014619295

Banking union in a single currency area: evidence on financial fragmentation

Valiante, Diego - In: Journal of Financial Economic Policy 7 (2015) 3, pp. 251-274

Purpose – The purpose of this paper is to assess the impact of the impact of the single currency on the institutional design of the banking union, through evidence on the financial integration process. Design/methodology/approach – Data analysis uses multiple sources of data on key drivers...

Persistent link: https://www.econbiz.de/10014867150

The place of the eurozone countries in the international economy

Maniatis, Paraschos - In: Journal of Economic Studies 40 (2013) 2, pp. 127-179

Purpose – This study aims to statistically investigate the place of the eurozone countries in the framework of the … eventual discrepancies in the performing of the eurozone from the most advanced non‐eurozone countries by the weaknesses of … some eurozone members. The discriminant analysis as an investigation tool has been chosen as an as unbiased as possible …

Persistent link: https://www.econbiz.de/10014863359

The impact of sovereign rating events on bank stock returns

Hu, Haoshen - In: The Journal of Risk Finance 18 (2017) 4, pp. 338-367

Purpose This paper aims to investigate the impact of sovereign rating signals on domestic banks’ stock returns in a European context. Design/methodology/approach The author uses an event study technique to measure short-term bank stock abnormal returns that result from domestic positive or...

Persistent link: https://www.econbiz.de/10014902155