Narrow search
Showing 1 - 10 of 12,004
Cover Image
Zombie credit and (dis-)inflation: evidence from Europe
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - 2020
. Granular European data on inflation, firms, and banks confirm this mechanism. Industry-country pairs affected by a rise of … labor, which results in lower productivity, investment, and value added. Without a rise in zombie credit, inflation in …
Persistent link: https://www.econbiz.de/10012391508
Cover Image
Zombie Credit and (Dis-)Inflation : Evidence from Europe
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - 2021
. Granular European data on inflation, firms, and banks confirm this mechanism. Industry-country pairs affected by a rise of … labor, which results in lower productivity, investment, and value added. Without a rise in zombie credit, inflation in …
Persistent link: https://www.econbiz.de/10013252069
Cover Image
Option-Implied Correlation between iTraxx Europe Financials and Non-Financials Indexes : A Measure of Spillover Effect in European Debt Crisis
Hui, Cho-Hoi - 2013
This paper proposes an analytic method to estimate the option-implied correlation embedded in options on the iTraxx Europe CDS indexes. The option-implied correlation is suggested as a measure of the spillover effect of default risk between the financial and corporate sectors in Europe. In...
Persistent link: https://www.econbiz.de/10013091234
Cover Image
Business Cycles Fluctuations in Europe (1960-1998)
Gallegati, Marco - 2000
consumers' and GDP price indexes, their inflation rates and the stock market index, are stable across countries, while the …
Persistent link: https://www.econbiz.de/10014155345
Cover Image
Inflation Targeting in Western Europe
Moreno, Antonio; Rey, Luis - 2005
Several European countries adopted inflation targeting as a monetary policy strategy during the 1990s. We evaluate the … impact of the establishment of this policy framework on the dynamics of inflation for three countries: United Kingdom, Spain … and Finland. We find that inflation targeting was not the most important factor behind the decline of their monthly and …
Persistent link: https://www.econbiz.de/10014027799
Cover Image
British interest rate convergence between the US and Europe : a recursive cointegration analysis
Weber, Enzo (contributor) - 2006
This paper addresses the question of the British state of convergence towards the Euro area, compared to the USA. Economically, the analysis is based on dependences in the money and capital markets, namely the uncovered interest parity (UIP) and the expectation hypothesis of the term structure...
Persistent link: https://www.econbiz.de/10003324208
Cover Image
Sovereign Contagion in Europe : Evidence from the CDS Market
Manasse, Paolo - 2013
This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …
Persistent link: https://www.econbiz.de/10013088213
Cover Image
Capturing the Financial Cycle in Europe
Stremmel, Hanno - 2015
In this study, we approximate the financial cycle in Europe by combining potential common and relevant financial indicators. We consider different credit aggregates and asset prices but also incorporate banking sector indicators for 11 European countries. We develop seven different synthetic...
Persistent link: https://www.econbiz.de/10013020632
Cover Image
Sovereign contagion in Europe : evidence from the CDS market
Manasse, Paolo; Zavalloni, Luca - 2013
This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …
Persistent link: https://www.econbiz.de/10011731038
Cover Image
Inflation Risk Analysis of European Real Estate Securities
Sebastian, Steffen P.; Maurer, Raimond - 2008
The focus of this article is the analysis of the inflation risk of European real estate securities. Following both a … causal and a final understanding of risk, the analysis is twofold. First, to examine the causal influence of inflation on … Schwert (1977). Hedging capacities against expected inflation are found only for German open-end funds. Secondly, different …
Persistent link: https://www.econbiz.de/10014212387