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Rules, discretion or reputation?: monetary policies and the efficiency of financial markets in Germany, 14th to 16th centuries
Volckart, Oliver - 2007
This paper examines the questions of whether and how feudal rulers were able to credibly commit to preserving monetary stability, and of which consequences their decisions had for the efficiency of financial markets. The study reveals that princes were usually only able to commit to issuing a...
Persistent link: https://www.econbiz.de/10010263676
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The discontinuous integration of Western Europe's heterogeneous market for corporate control from 1995 to 2007
Frey, Rainer - 2010
the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the … market for corporate control - an illustrative market for studying integration issues - over the period from 1995 to 2007 … introduction of the euro may have led to accelerated integration. However, thereafter we find no evidence for further progress …
Persistent link: https://www.econbiz.de/10010271607
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Capital and goods market integration and the inequality of nations
Wagner, Martin - 1999
A 2-country model with two groups of agents, workers and capitalists is presented in which economic integration results … income. Then, after a certain level of integration has been reached, the less industrialised country is completely de …. The structure of the equilibrium sets during integration is characterised completely. …
Persistent link: https://www.econbiz.de/10010291923
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Economic integration and mature portfolios
Christelis, Dimitris; Georgarakos, Dimitris; Haliassos, … - 2008
internationally comparable, household-level data. With greater integration of asset and labor markets and policies, households of … potential for further integration. …
Persistent link: https://www.econbiz.de/10010298388
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The discontinuous integration of Western Europe's heterogeneous market for corporate control from 1995 to 2007
Frey, Rainer - 2010
the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the … market for corporate control - an illustrative market for studying integration issues - over the period from 1995 to 2007 … introduction of the euro may have led to accelerated integration. However, thereafter we find no evidence for further progress …
Persistent link: https://www.econbiz.de/10010301320
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The international integration of money markets in the central and east European accession countries : deviations from covered interest parity, capital controls and inefficiencies i...
Herrmann, Sabine; Jochem, Axel - 2003
, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration … Republik, Ungarn und der Slowakei inzwischen einen hohen Grad an internationaler Integration mit dem Euro-Raum aufweisen. Die … Integration hat sich im Untersuchungszeitraum von 1999 bis Mitte 2002 kontinuierlich verstärkt. Für die noch zu beobachtende …
Persistent link: https://www.econbiz.de/10011432010
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Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern : Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffi...
Herrmann, Sabine; Jochem, Axel - 2003
, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration … Republik, Ungarn und der Slowakei inzwischen einen hohen Grad an internationaler Integration mit dem Euro-Raum aufweisen. Die … Integration hat sich im Untersuchungszeitraum von 1999 bis Mitte 2002 kontinuierlich verstärkt. Für die noch zu beobachtende …
Persistent link: https://www.econbiz.de/10011432015
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The international integration of foreign exchange markets in the central and east European accession countries : speculative efficiency, transaction costs and exchange rate premium...
Herrmann, Sabine; Jochem, Axel - 2003
A test of speculative efficiency on the foreign exchange markets of Poland, the Czech Republic, Hungary and the Slovak republic was unable to identify a cointegration relationship between forward and spot rates against the euro for the period between 1999 and mid-2002. Econometric studies...
Persistent link: https://www.econbiz.de/10011432049
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Die internationale Integration der Devisenmärkte in den mittel- und osteuropäischen Beitrittsländern : spekulative Effizienz, Transaktionskosten und Wechselkursprämien
Herrmann, Sabine; Jochem, Axel - 2003
Im Rahmen eines Tests der spekulativen Effizienz auf den Devisenmärkten Polens, der Tschechischen Repubik, Ungarns und der Slowakei kann für den Beobachtungszeitraum von 1999 bis Mitte 2002 keine Kointegrationsbeziehung zwischen Termin- und Kassakursen gegenüber dem Euro nachgewiesen werden....
Persistent link: https://www.econbiz.de/10011432050
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Capital markets integration : a sociotechnical study of the development of a cross-border securities settlement system
Panourgias, Nikiforos S. - In: Technological forecasting & social change : an … 99 (2015), pp. 317-338
Persistent link: https://www.econbiz.de/10011525137