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This paper presents the empirical evidence of how exchange rate volatility affects the flow of export trade. The … estimation of this relationship is complicated, due to the endogeneity between exchange rate volatility and trade. To mitigate … currencies of trading partners. The evidence shows that exchange rate volatility is positively associated with the export volume …
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The declared intention of policy makers is that future bank restructuring should be conducted through bail-in rather than bail-out. Over the past years there have been a few cases of European banks being restructured where creditors were bailed in. This paper exploits these events to investigate...
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The first Global Climate Strike on March 15, 2019 has represented a historical turn in climate activism. We investigate the cross-section of European stock price reactions to this event. Looking at a large sample of European firms, we find that the unanticipated success of this event caused a...
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