Skip to content!

Search

clear
0 filter(s) selected
close
Go to page
remove add
892 results, from 581
  • Diskussionspapiere 1375 / 2014

    Are There Bubbles in Stock Prices? Testing for Fundamental Shocks

    This paper investigates whether there are bubbles in stock prices. We do this using a previously studied structural vector autoregressive (SVAR) model claiming to distinguish fundamental and non-fundamental shocks to real stock prices. TheSVAR model relies on an identification restriction in order to correctly label the shocks. We test this restriction by means of a Markov switching-SVAR (MS-SVAR) ...

    2014| Anton Velinov, Wenjuan Chen
  • EUSECON Policy Briefing 19 / 2012

    Counterterrorism Effectiveness: The Impact on Life and Property Losses

    In this Policy Briefing we look at authorities' relative counterterrorism effectiveness focusing on its behavior over time, its impact on preventing casualties and property losses. The study underlying this Policy Briefing used data on transnational terrorism from the ITERATE database (1973-2003) and discrete choice models, to evaluate relative counterterrorism effectiveness while controlling for a ...

    2012| Christos Kallandranis, Konstantinos Drakos, Nicholas Giannakopoulos
  • Economics of Security Working Paper Series 65 / 2012

    Combating Money Laundering and the Financing of Terrorism: A Survey

    Policy programs on anti-money laundering and combating the financing of terrorism (AML/CFT) have largely called for preventive measures like keeping record of financial transactions and reporting suspicious ones. In this survey study, we analyze the extent of global money laundering and terrorist financing and discuss the preventive policies and their evaluations. Moreover, we investigate whether more ...

    2012| Stefan Haigner, Friedrich Schneider, Florian Wakolbinger
  • Economics of Security Working Paper Series 66 / 2012

    Terrorism Induced Cross-Market Transmission of Shocks: A Case Study Using Intraday Data

    Terrorist incidents exert a negative, albeit generally short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This paper investigates the cross-market transmission of the London Stock Exchange's reaction to the terrorist attacks ...

    2012| Christos Kollias, Stephanos Papadamou, Costas Siriopoulos
  • Economics of Security Working Paper Series 67 / 2012

    Rogue State Behavior and Markets: The Financial Fallout of North Korean Nuclear Tests

    Financial markets react to major political events. The two nuclear tests conducted by North Korea in 2006 and 2009 were a sober confirmation of the nuclear weapon capacity of this state with the concomitant potential security threat this posed for the stability of the greater region. We examine how ten regional stock exchanges and currency markets reacted to this security development and these two ...

    2012| Christos Kollias, Stephanos Papadamou
  • Externe Monographien

    Credit Reporting, Access to Finance and Identification Systems: International Evidence

    Jena: Friedrich-Schiller-Universität, 2011, 29 S.
    (Jena Economic Research Papers ; 2011-031)
    | Caterina Giannetti, Nicola Jentzsch
  • EUSECON Policy Briefing 18 / 2012

    Combating Money Laundering and Terrorist Financing

    International policy standards in the fight against money laundering and terrorist financing are set forth by the Financial Action Task Force (FATF) recommendations on Anti-money laundering (AML)/Combating the financing of terrorism (CFT) policies. While those standards are very high and require, for example, financial businesses to strictly pursue the "know your customer principle", countries compliance ...

    2012| Stefan Haigner, Friedrich Schneider, Florian Wakolbinger
  • Diskussionspapiere 1203 / 2012

    Exchange Rate Bands of Inaction and Play-Hysteresis in German Exports: Sectoral Evidence for Some OECD Destinations

    A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction. We call the latter a "play" area - analogous to mechanical play and implement an algorithm describing path-dependent playhysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports is then estimated based on quarterly ...

    2012| Ansgar Belke, Matthias Göcke, Martin Günther
  • Refereed essays Web of Science

    Main Bank Power, Switching Costs, and Firm Performance: Theory and Evidence from Ukraine

    We examine firms' motivation to change their main bank and how this switch affects loans, interest payments, and firm performance. Applying treatment effect analysis to unique firm-bank matched Ukrainian data, we find that larger and more highly leveraged companies are more likely to switch their main bank. Importantly, firms tend to switch to a new main bank that holds a higher share of equity in ...

    In: Emerging Markets, Finance & Trade 48 (2012), 2, S. 76-93 | Andreas Stephan, Andriy Tsapin, Oleksandr Talavera
  • EUSECON Policy Briefing 14 / 2011

    Terrorism Shocks and Stock Market Reaction Patterns

    In this Policy Briefing, we discuss two important questions: (i) whether and how terrorism shocks are transmitted across international stock markets, (ii) what is the role of behavioral factors in explaining these stock market reactions. According to our findings terrorism shocks are indeed diffused cross-nationally in a non-uniform manner. Economic channels such as the degree of a country's integration ...

    2011| Christos Kallandranis, Konstantinos Drakos
892 results, from 581
keyboard_arrow_up