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The Euro Crisis and Economic Growth : A Novel Counterfactual Approach
Terzi, Alessio - 2019
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012866042
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Industry Effect and Stock Market Reaction to Global Financial Crisis : A Comparative Analysis
Alber, Nader - 2015
This paper aims at analyzing the “industry effect” on stock market reaction to global financial crisis. This has been conducted using a sample of 4 stock markets, and covering the period from 2007 to 2011.Kruskal-Wallis tests indicated that we could accept hypotheses regarding the effects of...
Persistent link: https://www.econbiz.de/10013010734
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Industry effect and stock market reaction to global financial crisis : a comparative analysis
Alber, Nader - In: Journal of applied finance & banking 3 (2013) 3, pp. 29-43
This paper aims at analyzing the “industry effect” on stock market reaction to global financial crisis. This has been conducted using a sample of 4 stock markets, and covering the period from 2007 to 2011. Kruskal-Wallis tests indicated that we could accept hypotheses regarding the effects...
Persistent link: https://www.econbiz.de/10009743423
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Global Digital Reserve (GDR) : A New Era of Monetary Systems in Digital Finance: Design, Implementation, and Potential Impact on the Global Financial Landscape
Pierce, Nathan - 2023
The Global Digital Reserve (GDR) represents an innovative paradigm in the world of cryptocurrencies, designed to overcome existing limitations and enhance global financial inclusivity. This white paper delves into an in-depth analysis of the GDR, its design, technical implementation, and...
Persistent link: https://www.econbiz.de/10014354570
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Financial Repression: Ein neues Umfeld für die Finanzmärkte?
Zimmermann, Guido; Baier, Florian - In: Wirtschaftsdienst 92 (2012) 9, pp. 599-604
Die durch die große Finanzkrise induzierten hohen Schuldenquoten zwingen die Staaten zu Maßnahmen des Schuldenabbaus. Financial Repression bietet dafür Möglichkeiten. Sie entsteht, wenn staatliche Instanzen den Finanzmärkten Maßnahmen oktroyieren und manifestiert sich in erster Linie in...
Persistent link: https://www.econbiz.de/10010471355
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The impact of fixed exchange rates on fiscal discipline
Shagi, Makram el- - 2009
In this paper, it is shown that, contrary to standard arguments, fiscal discipline is not substantially enhanced by a fixed exchange rate regime. This study is based on data from 116 countries collected from 1975 to 2004 and uses various estimation techniques for dynamic panel data, in...
Persistent link: https://www.econbiz.de/10003850734
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Financial Repression : ein neues Umfeld für die Finanzmärkte?
Zimmermann, Guido; Baier, Florian - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 9, pp. 599-604
Die durch die große Finanzkrise induzierten hohen Schuldenquoten zwingen die Staaten zu Maßnahmen des Schuldenabbaus. Financial Repression bietet dafür Möglichkeiten. Sie entsteht, wenn staatliche Instanzen den Finanzmärkten Maßnahmen oktroyieren und manifestiert sich in erster Linie in...
Persistent link: https://www.econbiz.de/10009622222
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The Impact of Fixed Exchange Rates on Fiscal Discipline
El-Shagi, Makram - 2012
In this paper, it is shown that, contrary to standard arguments, fiscal discipline is not substantially enhanced by a fixed exchange rate regime. This study is based on data from 116 countries collected from 1975 to 2004 and uses various estimation techniques for dynamic panel data, in...
Persistent link: https://www.econbiz.de/10013116963
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Back to the Future : Fiscal Rules for Regaining Sustainability
Cevik, Serhan - 2019
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...
Persistent link: https://www.econbiz.de/10012858382