Showing 1 - 10 of 14
This paper analyses the transmission of financial shocks to the macroeconomy. The role of macro-financial linkages is investigated from an empirical perspective for the euro area as a whole, for individual euro area member countries and for other EU and OECD countries. The following key economic...
Persistent link: https://www.econbiz.de/10011606295
Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...
Persistent link: https://www.econbiz.de/10011386830
In this paper we analyse to what extent the Nordic economies are vulnerable to external shocks. Specifically, we assess the conventional wisdom that the Nordic countries are small open economies that are significantly engaged in international trade, specialised in only few specific industries...
Persistent link: https://www.econbiz.de/10012037641
The successful start of Economic and Monetary Union in Europe has prompted more research into the issue of exchange rate regimes and if there were any lessons to be drawn from the European experiment for other regions in the world. We review the relevant issues from an Optimum Currency Area...
Persistent link: https://www.econbiz.de/10011689916
There has recently been increased research and policy interest in the divergent macroeconomic performance in the European Economic and Monetary Union (EMU). Understanding the underlying factors of macroeconomic differentials, the source and transmission of shocks and the adjustment process in...
Persistent link: https://www.econbiz.de/10011689934
Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN...
Persistent link: https://www.econbiz.de/10011804695
This economic memo isolates two channels through which the "corona shock" affects the economy: a fall in asset prices … through different channels. A CCyB that is reactivated early reduces the impact of an asset price shock the most. In contrast …, a CCyB that is reactivated late reduces the impact of a volatility shock the most. …
Persistent link: https://www.econbiz.de/10013326744
Die Europäische Union (EU) sieht sich innerhalb kürzester Zeit mit zwei großen und historisch einmaligen Krisen konfrontiert. Die Corona-Krise führte zu asymmetrischen wirtschaftlichen Auswirkungen in der EU. Maßgeblich für die konjunkturelle Entwicklung zwischen dem vierten Quartal 2019...
Persistent link: https://www.econbiz.de/10013346316
Wie widerstandsfähig zeigen sich Regionen im Hinblick auf verschiedene exogene Schocks? In der vorliegenden Studie wurde untersucht, welche Faktoren dafür verantwortlich sein können, dass sich Regionen unterschiedlich gut von Schocks erholen. Anhand der Finanzkrise, der Naturkatastrophe Sturm...
Persistent link: https://www.econbiz.de/10012599829