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Capital mobility within EMU
Stirböck, Claudia; Heinemann, Friedrich - 1999
capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were … of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy …
Persistent link: https://www.econbiz.de/10011442627
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Investment and Saving and the Euro Crisis : A New Look at Feldstein-Horioka
Johnson, Mark A. - 2013
We examine the relationship between investment and saving for a cross section of European countries before and during … the euro crisis. Investment is positively and significantly related to saving, and this relationship is stronger during …
Persistent link: https://www.econbiz.de/10013079084
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Capital mobility within EMU
Stirböck, Claudia; Heinemann, Friedrich - 1999
capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were … of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy …
Persistent link: https://www.econbiz.de/10013428227
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Explaining foreign holdings of Asia's debt securities : the Feldstein-Horioka paradox revisited
Horioka, Charles; Terada Hagiwara, Akiko; Nomoto, Takaaki - 2015
In this paper, we find that home bias is still present in all economies and regions, especially in the case of short-term debt securities, but that there are substantial variations among economies and regions in the strength of home bias, with the Eurozone economies, the US, and developing Asia...
Persistent link: https://www.econbiz.de/10011379708
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The euro and international capital markets
Detken, Carsten; Hartmann, Philipp - 2000
international financing as well as for international investment. The times series collected for these measures allow for the … immediately became the second most widely used currency for international financing and investment. For the flow of international … of the year. The euro's international investment role appears more static though, since most of the early external asset …
Persistent link: https://www.econbiz.de/10009767695
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Uncertainty and episodes of extreme capital flows in the Euro area
Schmidt, Torsten; Zwick, Lina - 2013
In der Euro-Krise gingen starke Änderungen in internationalen Kapitalflüssen mit großer makroökonomischer Unsicherheit einher. Zwar ist es offensichtlich, dass beide Faktoren ökonomische Schocks auslösen bzw. verstärken können, es ist aber derzeit unklar, inwiefern sie direkt miteinander...
Persistent link: https://www.econbiz.de/10010221882
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Foreign Capital in Latin America : A Long-Run Structural Global VAR Perspective
Boschi, Melisso - 2007
I study the determinants of capital flows to Argentina, Brazil, and Mexico, assessing the relative importance of domestic and global factors. I estimate six VECM models, one for each Latin American country plus the Euro Area, Japan, and USA, and then embed them in a multi-country Global VAR. The...
Persistent link: https://www.econbiz.de/10012728441
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Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the Eu's New Member States
Árvai, Zsófia - 2008
This paper discusses the experience of the EU`s eight new member countries (EU8) between 1995 and 2003 when the bulk of capital account liberalization took place, focusing on interest-rate-sensitive portfolio flows and financial flows. It takes stock of the lessons from capital flow patterns to...
Persistent link: https://www.econbiz.de/10012774253
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Explaining Foreign Holdings of Asia's Debt Securities : The Feldstein-Horioka Paradox Revisited
Horioka, Charles Yuji - 2015
In this paper, we find that home bias is still present in all economies and regions, especially in the case of short-term debt securities, but that there are substantial variations among economies and regions in the strength of home bias, with the Eurozone economies, the US, and developing Asia...
Persistent link: https://www.econbiz.de/10013012122
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The Flow of Capital and the Eurozone Crisis
Svrtinov, Vesna - 2014
Historical experience shows that in the world of high capital mobility, sudden stops of capital inflows may occur, typically triggering financial crises. The latest financial crisis in the euro zone (EZ) seems to support this point of view. Euro adoption encouraged a capital flow bonanza from...
Persistent link: https://www.econbiz.de/10013051896