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The single currency of the Eurozone is experiencing difficulties due to a number of factors. One is the lack of … system, both in terms of currency problems and debt. While Greece, Italy and Portugal loom large on the Eurozone horizon of …
Persistent link: https://www.econbiz.de/10012983689
levels and different maturity structures. The monetary-fiscal nexus is central to the functioning of the euro area. We focus … Euro Area countries. For comparison we also estimate the fiscal consequences of the Federal Reserve and the Bank of England …
Persistent link: https://www.econbiz.de/10013537713
economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10010305207
economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10009129843
This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …
Persistent link: https://www.econbiz.de/10011604952
This paper explores the relationship between disclosing corporate targets and value creation. Our empirical results show the value relevance of voluntarily disclosing a low number of targets, whereas there is a clear additional positive effect of disclosing exactly one corporate target in the...
Persistent link: https://www.econbiz.de/10011453249
Using natural language processing, we identify corporate goals stated in the shareholder letters of the 150 largest companies in the United States from 1955 to 2020. Corporate goals have proliferated, from less than one on average in 1955 to more than 7 in 2020. While in 1955, profit...
Persistent link: https://www.econbiz.de/10014247976
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