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Persistent link: https://www.econbiz.de/10000680053
Using variance decompositions in vector auto-regressions (VARs) we model a high-dimensional network of European CDS spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral clustering in the CDS network, where financial institutions...
Persistent link: https://www.econbiz.de/10011978741
We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...
Persistent link: https://www.econbiz.de/10011338111
We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...
Persistent link: https://www.econbiz.de/10011339163
Persistent link: https://www.econbiz.de/10012182115
Persistent link: https://www.econbiz.de/10012223991
agree to offer 50% of their spillover revenue to infrastructure investors from Europe, it will increase the rate of return … and Europe, because investment in infrastructure will enhance various spillover benefits and increase the savings in these …While discussing the enhancement of the connectivity between Europe and Asia, this policy paper explores a new area of …
Persistent link: https://www.econbiz.de/10012153503
designed to benefit all regions in Europe. …
Persistent link: https://www.econbiz.de/10011772896
-replacing technological change (RRTC) for Europe as a whole and at the level of 238 European regions. We develop and estimate a task framework … spillovers. However, the size of the product demand spillover – and therefore also RRTC's total labor demand effect– depends …
Persistent link: https://www.econbiz.de/10011514667
A fast-growing literature shows that digital technologies are displacing labor from routine tasks, raising concerns that labor is racing against the machine. We develop a task-based framework to estimate the aggregate labor demand and employment effects of routine-replacing technological change...
Persistent link: https://www.econbiz.de/10011959965