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A sustainable Euro area with exit options

Ritzen, Jozef M. M.; Haas, Jasmina - 2016

All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the … Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit … risk of the Euro‐area falling apart in a chaotic way, through further divergence in labor productivity, through new Banking …

Persistent link: https://www.econbiz.de/10011582732

The trade and FDI effects of EMU enlargement

Brouwer, Jelle; Paap, Richard; Viaene, Jean-Marie - 2007

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a data set of unbalanced...

Persistent link: https://www.econbiz.de/10011372974

Common currencies and FDI flows

Schiavo, Stefano (contributor) - 2005

The paper investigates the impact of EMU on foreign direct investment flows. Using the option value approach to investment decisions, it is possible to show how exchange rate uncertainty hinders cross-border investment flows. By permanently fixing bilateral exchange rates, a currency union can...

Persistent link: https://www.econbiz.de/10003209194

Foreign Direct Investments and Exchange Rate Volatility in the EMU Neighbourhood Countries

Borelli, Sara - 2009

The purpose of this paper is to analyze the role of exchange rate volatility in explaining the evolution of FDI inflows in the EMU neighbourhood countries. Examining the question in the framework of an empirical model that considers the major macroeconomic determinants of FDI, the results of the...

Persistent link: https://www.econbiz.de/10012766295

Foreign Direct Investment, Sovereign Debt and Growth : Evidence for the Euro Area

Tan, Ai-Lian - 2017

In light of the global financial crisis, an extensive implementation of fiscal stimulus packages has triggered an enormous soared of public debt in Europe. While grappling with this albatross, the high debt level has aroused the paramount interest of this study casts doubt on the role of...

Persistent link: https://www.econbiz.de/10012971348

Trade Blocks, Common Markets, Currency Unions and FDI Stocks : The Impacts of NAFTA and the EU

Barrell, Ray - 2018

This paper examines the factors affecting bilateral Foreign Direct Investment (FDI) stocks from 14 high income countries to 31 OECD countries over the period 1995-2015. We specifically emphasise the effect of regional trade agreements such as the European Union (EU) and the North American Free...

Persistent link: https://www.econbiz.de/10012921549

The Trade and FDI Effects of EMU Enlargement

Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...

Persistent link: https://www.econbiz.de/10013316812

The effect on foreign direct investment of membership in the European Union

Bruno, Randolph; Campos, Nauro; Estrin, Saul - 2020

This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost...

Persistent link: https://www.econbiz.de/10012288695

International capital flows at the security level : evidence from the ECB's Asset Purchase Programme

Bergant, Katharina; Fidora, Michael; Schmitz, Martin - 2020

We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Pro- gramme at the security level …. Based on net transactions of domestic and foreign securities, we observe euro area sectors' capital ows into individual … that euro area investors (in particular investment funds and households) actively rebal- anced away from securities …

Persistent link: https://www.econbiz.de/10012197845

External asymmetries in the Euro-area and the role of Foreign Direct Investment

Christodoulakis, Nikos; Sarantides, Vassilis - 2022

trade balances and the current accounts of the member-states. A divide seems to separate two groups in the euro area, one … rather than the productive sector. Focusing on ten euro area economies over the period 1980-2009, we establish a positive …

Persistent link: https://www.econbiz.de/10014079875