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Persistent link: https://www.econbiz.de/10008658540
We quantify all statements by major European politicians reported by Reuters during the August 2011 to December 2011 period and show that political communication significantly affects European stock and bond markets as well as the EUR-USD exchange rate. Communication with respect to Italy...
Persistent link: https://www.econbiz.de/10009679094
We investigate the dynamics of stochastic convergence of the original Euro Area countries for inflation rates, nominal interest rates, and real interest rates. We test for convergence relative to Germany, taken as the benchmark for core EU standards, using monthly data over the period January...
Persistent link: https://www.econbiz.de/10013115376
Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public debt and economic growth and adds to the existing literature in the following ways. First, we extend the threshold panel methodology by Hansen (1999) to a dynamic setting in...
Persistent link: https://www.econbiz.de/10013104431
We study the effects of the euro area monetary policy on the institutional sectors in Portugal during the period 2000:4 2015:4. Our results show that the single monetary policy affected some variables that are proxies for the funding of each institutional sector of the economy: general...
Persistent link: https://www.econbiz.de/10012951580
We present new evidence about the relationship between military conflict and city population growth in Europe from the fall of Charlemagne's empire to the start of the Industrial Revolution. Military conflict was a main feature of European history. We argue that cities were safe harbors from...
Persistent link: https://www.econbiz.de/10012973868
We quantify all statements by major European politicians reported by Reuters during the August 2011 to December 2011 period and show that political communication significantly affects European stock and bond markets as well as the EURUSD exchange rate. Communication with respect to Italy induces...
Persistent link: https://www.econbiz.de/10012974773
We study the relationship between banks' size and risk-taking in the context of supranational banking supervision. Consistently with theoretical work on banking unions and in contrast to analyses emphasising incentives under- pinned by the too-big-to-fail effect, we find an inverse relationship...
Persistent link: https://www.econbiz.de/10012627903
The objective of this paper is to examine the relationship between bank characteristics,in particular value, performance and volatility of bank stock returns, and its exposure to financial derivative contracts. The study is based on 109 publicly traded European banks over the period from 2005...
Persistent link: https://www.econbiz.de/10012828697
The project equal pacE aimed to provide and promote a web tool by which companies can voluntarily analyse their pay structures and detect a potentially existing gender pay gap and its causes. The equal pacE web tool has been made available in five languages: Dutch, English, Finnish, French, and...
Persistent link: https://www.econbiz.de/10011627335