Results 11 to 20 of about 74,670 (38)
Stressed Interbank Markets: Evidence from the European Financial and Sovereign Debt Crisis
Social Science Research Network, 2016 This paper documents stress in the unsecured overnight interbank market in the euro area over the course of the financial and sovereign debt crisis in Europe.
J. C. Frutos +3 more
semanticscholar +1 more source
Financial Openness and Growth: Short-Run Gain, Long-Run Pain?
Social Science Research Network, 2007 No empirical evidence has yet emerged for the existence of a robust positive relationship between financial openness and economic growth. This paper argues that a key reason for the elusive evidence is the presence of a time-varying relationship between ...
M. Bussière, Marcel Fratzscher
semanticscholar +1 more source
International Capital Flows When Safe Assets Scarcity Matters
South Asian Journal of Macroeconomics and Public Finance, 2021 In an open multi-country economy, the safe assets supply shapes the pattern of international capital flows. A higher productivity growth rate raises the net capital inflows for economies with abundant safe assets, but reduces the net capital inflows for ...
L. Hung, N. T. Hoan
semanticscholar +1 more source
Will Greece go Bankrupt and kill the euro?
, 2021 This paper compares the benefits to Greece, the Euro zone and the rest of the world arising from policies that prevent a Greek default and exit from the Euro with the costs of preventive policies.
H. Grubel
semanticscholar +1 more source
Macroprudential Policy in a Monetary Union with Cross-Border Banking
Social Science Research Network, 2019 We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro area countries (i.e.
Matthieu Darracq Pariès +2 more
semanticscholar +1 more source
China's RMB Bilateral Swap Agreements: What Explains the Choice of Countries?
Social Science Research Network, 2013 This paper analyzes empirically what determines the choice of countries signing an RMB-denominated Bilateral Swap Agreement (BSA) with China. The gravity motif is predominant (both in terms of country size and distance from China) but so is the trade ...
A. García-Herrero, Le Xia
semanticscholar +1 more source
Consumption smoothing, risk sharing and financial integration
, 2020 Theories indicate that financial integration should allow economies to better share risk and thus improve consumption smoothing. We construct two widely used priced-based measures of financial integration (i.e.
M. Donadelli, Ivan Gufler
semanticscholar +1 more source
Euro Area Banking Sector Integration - Using Hierarchical Cluster Analysis Techniques
Social Science Research Network, 2006 In this study we apply cluster analysis techniques, including a novel smoothing method, to detect some basic patterns and trends in the euro area banking sector in terms of the degree of homogeneity of countries.
C. Kok, Josep Maria Puigvert Gutierrez
semanticscholar +1 more source
On the Empirical Evidence of the Intertemporal Current Account Model for the Euro Area Countries
Social Science Research Network, 2008 In this paper we present a novel approach to the empirical validation of the intertemporal approach to the current account. We develop a calibrated model highlighting the role of consumption smoothing and capital accumulation in the economic convergence ...
Michele Ca’ Zorzi, Michał Rubaszek
semanticscholar +1 more source
Financial stability of the banking sector in European countries: A comparative analysis
, 2020 The outburst of the financial crisis in 2008 raised a number of questions about financial stability and banking development, given that the crisis originated in advanced economies, where the financial sector had grown both very large and very complex ...
Larysa Sysoyeva
semanticscholar +1 more source