Showing 1 - 10 of 73
suggests that the spillovers to the euro area would be limited in the case of a modest slowdown in China's GDP growth, but … significant in the case of a sharp downturn. Sensitivity analysis underscores that the spillovers are dependent on the strengths …
Persistent link: https://www.econbiz.de/10011792634
In this paper we assess the merits of financial condition indices constructed using simple averages versus a more sophisticated alternative that uses factor models with time varying parameters. Our analysis is based on data for 18 advanced and emerging economies at a monthly frequency covering...
Persistent link: https://www.econbiz.de/10012653846
Scholars examining the effect of knowledge spillovers on R&D and innovation all agree on one thing-there is a strong …, such as the type of spillovers (horizontal, vertical, or from other sources), the level of appropriability , the type of … spillovers is ultimately context-specific, we analyse the differences between male-owned and female-owned young entrepreneurial …
Persistent link: https://www.econbiz.de/10012308536
Persistent link: https://www.econbiz.de/10000916210
Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the causes and effects of banks' sovereign exposures during and after the euro crisis. First, in the vulnerable countries, the publicly owned, recently bailed out and less strongly capitalized banks reacted to...
Persistent link: https://www.econbiz.de/10011974892
This paper presents a comprehensive model of financial contagion encompassing both direct and indirect transmission channels. We introduce direct contagion through a 2-layered multiplex network to account for the distinct dynamics resulting from collateralized and uncollateralized transactions....
Persistent link: https://www.econbiz.de/10011975678
Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...
Persistent link: https://www.econbiz.de/10011975694
Productivity is the ultimate driver of sustainable increases in living standards. While Ireland is a high productivity country, it has not been immune from the global productivity slowdown, with the pace of growth on a downward trend throughout the 2000s. Little research has been carried out as...
Persistent link: https://www.econbiz.de/10011975730
-region spillovers and then extends the previous research by examining if spillovers are more likely to occur through supply chain … conditioning the effects of spillovers from multinationals on their productivity. Overall, we find limited evidence or a negative … depending on the origin of the parent companies, we find that the positive productivity spillovers come from supply chain …
Persistent link: https://www.econbiz.de/10011975739
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