Skip to content!

Search

clear
0 filter(s) selected
close
Go to page
remove add
892 results, from 731
  • FINESS Working Papers 1.4 / 2009

    The Macroeconomic Effects of European Financial Development: A Heterogenous Panel Analysis

    This paper investigates the macroeconomic benefits of international financial integration and domestic financial sector development for the European Union. The sample consists of 26 European countries with annual data during the period 1970.2004. We attempt to exploit more fully the temporal dimension in the data by making use of the common correlated effects (CCE) estimator. We also account for the ...

    2009| Sean Holly, Mehdi Raissi
  • Diskussionspapiere 872 / 2009

    The Role of Asset Markets for Private Consumption: Evidence from Paneleconometric Models

    We explore the long and short run relationship between private consumption, disposable income and housing and financial wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated in their common, but not in their idiosyncratic components. This stresses the relevance of inter-national spillovers to explain aggregate consumption behaviour. ...

    2009| Christian Dreger, Hans-Eggert Reimers
  • Diskussionspapiere 873 / 2009

    Volatility Spillovers and Contagion from Mature to Emerging Stock Markets

    This paper examines volatility spillovers from mature to emerging stock markets and tests for changes in the transmission mechanism-contagion-during turbulences in mature markets. Tri-variate GARCH-BEKK models of returns in global (mature), regional, and local markets are estimated for 41 emerging market economies (EMEs), with a dummy capturing parameter shifts during turbulent episodes. LR tests suggest ...

    2009| John Beirne, Guglielmo Maria Caporale, Marianne Schulze-Ghattas, Nicola Spagnolo
  • Diskussionspapiere 220 / 2000

    Fiscal Federalism and Financial Resources for Regional Development - Co-operative and Competitive Models: The International Experience - an Example for Russia?

    In Western economies, the concrete design of fiscal federalism is determined by the status the federation grants to regionally comparable economic and social conditions, and to what extent this status is anchored in the constitution. If the political and social acceptance of regional differences is high, the significance of regional equalisation is low and vice versa. In the case of great regional ...

    2000| Bernhard Seidel, Mechthild Schrooten
  • Vierteljahrshefte zur Wirtschaftsforschung 4 / 2001

    Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s

    During the 1990s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen-dollar exchange rate. It comes to the conclusion that real interest differentials can only explain short-term exchange rate changes. Since prices have been exerting their ...

    2001| Gunther Schnabl
  • Vierteljahrshefte zur Wirtschaftsforschung 4 / 2001

    Financial Market Regulation

    The aim of Japan’s comprehensive financial reform program “Financial Big Bang” was to create an internationally competitive financial sector based on three principles: free, fair and global by 2001. Policy makers encountered two challenges: strengthening competitiveness of the financial sector in the long term, and solving structural problems as soon as possible. Five years after implementation of ...

    2001| Andreas Nabor
  • Weitere externe Aufsätze

    Principles for a Public Debt Strategy in Ukraine

    In: Axel Siedenberg, Lutz Hoffmann (Eds.) , Ukraine at the Crossroads
    Heidelberg [u.a.] : Physica-Verl.
    S. 80-105
    | Ulrich Thießen, Lutz Hoffmann
  • Diskussionspapiere 348 / 2003

    The Argentinean Currency Crisis: A Markov-Switching Model Estimation

    Despite the fact that Argentina has been suffering from a recession for years, the timing and severity of the recent currency crisis surprised most observers. This paper analyzes the role of fundamentals and self-fulfilling speculation in the Argentinean crisis. Arguing within a theoretical model of a fixed exchange rate system that allows for multiple equilibria, we show that the crisis, while being ...

    2003| Patricia Alvarez-Plata, Mechthild Schrooten
  • Economic Bulletin 4 / 2001

    A Japanese Abyss? Editorial

    2001| Wolfram Schrettl
  • Economic Bulletin 10 / 2001

    Against the Yen: A Rejected One-Way Bet? Editorial

    2001| Wolfram Schrettl
892 results, from 731
keyboard_arrow_up