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Avoiding the fall into the loop : isolating the transmission of bank-to-sovereign distress in the euro area and its drivers

Böhm, Hannes; Eichler, Stefanie - 2018

We isolate the direct bank-to-sovereign distress channel within the eurozone's sovereign-bank-loop by exploiting the global, non-eurozone related variation in stock prices. We instrument banking sector stock returns in the eurozone with exposure-weighted stock market returns from non-eurozone...

Persistent link: https://www.econbiz.de/10011923619

Avoiding the fall into the loop : isolating the transmission of bank-to-sovereign distress in the Euro area and its drivers

Böhm, Hannes; Eichler, Stefan - 2019 - This Version: January 2019

We isolate the direct bank-to-sovereign distress channel within the Eurozone’s sovereignbank-loop by exploiting the global, non-Eurozone related variation in stock prices. We instrument banking sector stock returns in the Eurozone with exposure-weighted stock market returns from non-Eurozone...

Persistent link: https://www.econbiz.de/10012265559

Avoiding the fall into the loop : lsolating the transmission of bank-to-sovereign distress in the Euro Area

Böhm, Hannes; Eichler, Stefan - In: Journal of financial stability 51 (2020), pp. 1-18

Persistent link: https://www.econbiz.de/10012431759

Anhaltende Divergenz bei Inflations- und Lohnentwicklung in der Eurozone: Gefahr für die Währungsunion?

Dullien, Sebastian; Fritsche, Ulrich - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 4, pp. 56-76

Dieser Aufsatz untersucht, inwieweit die jüngste Debatte um mögliche Divergenzen in der Eurozone tatsächlich einen Grund zur Besorgnis aufzählt. Dabei wird argumentiert, dass die häufig übliche Definition von Divergenzen als die Veränderung der Standardabweichung bei Inflation und...

Persistent link: https://www.econbiz.de/10010377812

The economic implications of voting requirements for the establishment of the European Monetary Union

Krumm, Raimund; Herz, Bernhard - 1996

influence the benefit-cost-considerations of the EU states and may make it necessary to loosen the convergence criteria and … measures, such as convergence programs and the so-called stability pact, which diminish the binding character of the voting …

Persistent link: https://www.econbiz.de/10010435468

Reflections on the Eurozone’s Challenges

Götz, Marta - In: Contemporary Economics 7 (2013) 4, pp. 5-24

This paper considers the primary challenges faced by the Eurozone and caused by the 2008+ crisis. It suggests that one should distinguish among institutional, conceptual (model/paradigm) and real economic challenges. As a factor that influences progress in other areas, the latter topic is a...

Persistent link: https://www.econbiz.de/10010436065

Az euróövezet bővítése és euróbevezetési stratégiák

Darvas, Zsolt; Szapáry, György - 2008

the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic … development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on …

Persistent link: https://www.econbiz.de/10010494377

Euro Area Enlargement and Euro Adoption Strategies

Darvas, Zsolt; Szapáry, György - 2008

and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We … argue that the initial level of economic development as measured by per capita income and the speed of real convergence have …

Persistent link: https://www.econbiz.de/10010494388

Measuring the Business Cycle Similarity and Convergence Trends in the CEECs Towards the Eurozone with Respect to some Unclear Methodological Aspects

Rozmahel, Petr - 2009

analysis of some business cycle similarity and convergence measures using different indicators and detrending techniques …. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member …

Persistent link: https://www.econbiz.de/10011435274

Anhaltende Divergenz der Lohnstückkostenentwicklung im Euroraum problematisch

Dullien, Sebastian; Fritsche, Ulrich - In: DIW Wochenbericht 74 (2007) 22, pp. 349-357

Die Wachstumsschwäche in einigen europäischen Ländern wie Portugal und Italien in der ersten Hälfte dieses Jahrzehnts sowie anhaltend hohe Inflationsraten und ein Bauboom in Spanien haben zu einer Debatte darüber geführt, ob sich möglicherweise die einzelnen Länder der Eurozone...

Persistent link: https://www.econbiz.de/10011601730