This paper re-examines the volatility transmission mechanism within EMS and revisits the 'German Dominance Hypothesis' using short-term interest rates. The results, basically, support the idea of a German predominance within the European Monetary System, but not in a strict sense, since...

This paper examines the dynamic linkages among the equity market, economic activity, inflation and monetary policy since the 1970s. The main findings are as follows. First, bivariate results for the linkages between real stock returns and inflation confirm the surprising result of negative...

This paper examines the dynamic interactions among the equity market, economic activity, inflation, and monetary policy under three monetary policy regimes using bivariate and multivariate Vector Autoregressive cointegrating specifications. The bivariate results for the real stock...

This paper examines the monetary policy implications from the greater integration of major capital markets using long-term interest rates. Proof that globalization has affected the behavior of interest rates and made them more synchronized across countries is provided from the way disturbances...

This paper re-examines the volatility transmission mechanism within EMS and revisits the 'German Dominance Hypothesis' using short-term interest rates. The results, basically, support the idea of a German predominance within the European Monetary System, but not in a strict sense, since...

The purpose of this paper is to analyze the performance, the risk-taking level and the credit growth of fourteen emerging and developed countries' banks. Also, we aim to assess the influence of monetary policy on the bank lending channel in both pre- and post-crisis periods and whether this...

In this paper we extract the factors that shape the yield curve and we relate them with macroeconomy. We examine whether the term structure can predict future economic activity by applying a range of econometric approaches both in pre- and post- crisis periods. Furthermore, we assess the...

In this paper, we examine the effectiveness of monetary policies in selected countries of the Euro area (France, Germany, and Italy), the United States and the United Kingdom for the period from 1990 to 2013. We additionally focus on the 2007 financial crisis where the efficacy of both...

The global financial and the European debt crises categorized as Minsky's moments present the physical laboratory for studying contagion cross country and cross market. Our research based on the twin sovereign-banking crisis evolution of the euro debt crisis era, focuses on addressing the...

The global financial and the European debt crises categorized as Minsky's moments present the physical laboratory for studying spillover effects cross country and cross market. Our research based on the twin sovereign-banking crisis evolution of the euro debt crisis era, focuses on addressing...