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Globalization and Banking Risk : An Empirical Analysis with Panel Data for Europe and the United States (1999–2007)

Georgiou, Miltiades N. - 2011

In the present paper an attempt will be made to show econometrically with panel data that as globalization increases …, banking risk goes also up but not by as much. Panel data are elaborated by means of Eviews software package. The sample covers …

Persistent link: https://www.econbiz.de/10013118745

Responses to monetary policy shocks in the east and the west of Europe : a comparison

Jarociński, Marek - 2008

This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...

Persistent link: https://www.econbiz.de/10003825885

Determinants of trust in the European Central Bank

Fischer, Justina A. V. (contributor); … - 2008

In this paper we study the determinants of citizens' trust in the European Central Bank during the start-up phase from … 1999-2004. Using a country panel based on the Eurobarometer survey, we find that higher inflation rates reduce trust. Thus …, tend to decrease trust. -- ECB ; trust ; European Union ; Eurobarometer ; panel data ; behavioral economics …

Persistent link: https://www.econbiz.de/10003666281

Cyclical dimensions of labour mobility after EU enlargement

Ahearnea, Alan; Brücker, Herbert; Darvasa, Zsolt; … - 2009

This paper explores the influence of the economic cycle on labour mobility within the EU, focusing on the likely impact of the present economic crisis. To do so, we use an econometrically calibrated simulation and a case study of Ireland. We find that, in the short run, the crisis is likely to...

Persistent link: https://www.econbiz.de/10003874247

Early warning indicators of crisis incidence : evidence from a panel of 40 developed countries

Babeckij, Jan; Havránek, Tomáš; Matějů, Jakub; … - 2011

overcome several pitfalls of the previous contributions. We use a quarterly panel of 40 EU and OECD countries for the period … literature and our own considerations. For each potential indicator we determine the optimal lead employing panel vector … important domestic source of risk. -- Early warning indicators ; Bayesian model averaging ; panel VAR ; dynamic panel ; macro …

Persistent link: https://www.econbiz.de/10009376938

Corporate efficiency in Europe

Hanousek, Jan; Kočenda, Evžen; Shamshur, Anastasiya - 2015

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...

Persistent link: https://www.econbiz.de/10010510115

Fiscal competition and the composition of public expenditure : an empirical study

Winner, Hannes - In: Contemporary economics 6 (2012) 3, pp. 38-54

This paper investigates whether fiscal competition affects the structure of public spending, where theory predicts a shift from residential public goods to industrial public goods. We propose an empirical model that specifically accounts for the strategic nature and endogeneity of fiscal...

Persistent link: https://www.econbiz.de/10009767597

Analysing and forecasting price dynamics across euro area countries and sectors : a panel VAR approach

Dées, Stéphane; Güntner, Jochen - 2014

This paper uses a panel VAR (PVAR) approach to estimating, analysing and forecasting price dynamics in four different …

Persistent link: https://www.econbiz.de/10010411883

Is Globalization Driving Efficiency? A Threshold Stochastic Frontier Panel Data Modelling Approach

Mastromarco, Camilla - 2014

under which globalization factors foster technology efficiency. In this paper, we extend the MSS model by combining panel … threshold regression technique advanced by Hansen (1999). This threshold stochastic frontier panel data model enables us to …

Persistent link: https://www.econbiz.de/10013065766

Short Term Interest Rates Have a Negative Impact on Stock Returns; A Panel Data Analysis for Many European Economies

Georgiou, Miltiades N. - 2009

In the present paper the negative impact of interest rates on stock returns will be estimated for the European economies. Data are monthly during the year 2008 and cover the following countries: Belgium, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal and Spain. The elaboration of...

Persistent link: https://www.econbiz.de/10013156055