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On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689958
This paper examines volatility spillovers from changes in the size of the balance sheets of the Federal Reserve (FED) and European Central Bank (ECB) to emerging market economies (EMEs) from 2003 to 2014. We find that EME bond markets are most susceptible to positive volatility spillovers from...
Persistent link: https://www.econbiz.de/10011636172
On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011711625
growth. This uneven development is overlapped with significant disparities in terms of productive specialization, which does …, combining both issues. First of all, it analyzes the evolution of economic growth in the regions of the Eurozone in the period … analysis is complemented by the identification of different growth patterns based on the factorial breakdown into variations of …
Persistent link: https://www.econbiz.de/10011096889
The European sovereign debt crisis has demonstrated the need for a rethinking of the European integration project. The strong variety between member countries prevented Eurozone to become a fiscal and political union and the asymmetric architecture of EMU revealed different weaknesses. The...
Persistent link: https://www.econbiz.de/10012692747
conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank … profitability. However, the estimated conditional distributions reveal that, while higher growth would raise profits on average, a …
Persistent link: https://www.econbiz.de/10012843521
This paper presents evidence of how the shares of labour and capital costs and profits in the gross value added of corporate sectors of France, Germany, Italy, Spain and the US varied between 1995 and 2016, and seeks to explain the differences between countries and how they have developed over...
Persistent link: https://www.econbiz.de/10012909895
This paper sheds new light on the growth implications of public debt introducing a dynamic panel threshold model by … 80.21%. The impact of debt on GDP growth is positive and highly significant whenever debt ratio is below 71.66%. This … growth. Thus, ignoring regime dependent intercepts may lead to biased estimates of the thresholds and the marginal impacts …
Persistent link: https://www.econbiz.de/10013055823
The paper discusses the differences among countries of the Eurozone which impede growth. The paper offers solutions … has increased due to the global financial crisis. A common currency is insufficient for economic growth. Sectoral policies …
Persistent link: https://www.econbiz.de/10013027195
The European sovereign debt crisis has demonstrated the need for a rethinking of the European integration project. The strong variety between member countries prevented Eurozone to become a fiscal and political union and the asymmetric architecture of EMU revealed different weaknesses. The...
Persistent link: https://www.econbiz.de/10012420215