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-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …
Persistent link: https://www.econbiz.de/10003969288
-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …
Persistent link: https://www.econbiz.de/10013316284
In light of 50 years of economic policies designed to integrate Europe - culminating in the elimination of euro zone national currencies in early 2002 - and a vast academic literature on international economic integration, it is of interest to assess how far European integration has come in...
Persistent link: https://www.econbiz.de/10014104250
The EU has recently entered accession talks with five transition economies of eastern Europe. Membership in the EU would require inter alia the full liberalization of capital flows. This paper provides empirical evidence on the openness towards foreign capital that the accession states have...
Persistent link: https://www.econbiz.de/10011474898
Neben der Einleitung ist die Dissertation in zwei Teile aufgeteilt. In Teil I wird die Annahme eines Investors mit μ-σ Präferenz getroffen. Das erste Kapitel stellt ein Multi-Rating ATSM unter Arbitragefreiheit mit dem klaren Fokus auf Zinsstrukturkurvenmodelle für Unternehmensanleihen vor....
Persistent link: https://www.econbiz.de/10011317335
The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...
Persistent link: https://www.econbiz.de/10001752004
US, Germany and Japan. We analyze both currency-hedged as well as unhedged bond returns. For currency-hedged bond returns …
Persistent link: https://www.econbiz.de/10001528975
This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a … remains uncertain no matter what European Central Bank President Mario Draghi may promise. Germany's "safe haven" status may … worsen German competitiveness and the German economy would crater as a result. Additional wealth losses on Germany …
Persistent link: https://www.econbiz.de/10013079914
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …
Persistent link: https://www.econbiz.de/10012133482
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …
Persistent link: https://www.econbiz.de/10012129430