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Firm-level exchange rate exposure in the Eurozone
Hutson, Elaine; O'Driscoll, Anthony
Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …
Persistent link: https://www.econbiz.de/10009475709
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Institutional and Methodological Challenges in the Use of Experimental Method for the Evaluation of Business Incubators: Lessons from the US, EU and China
Nijkamp, Peter; Yu, Junbo - 2009
Despite their worldwide adoption by policy makers as the Holy Grail for entrepreneurship and business development, the effectiveness of business incubation programs remain elusive, primarily plagued by untenable evaluation methods. This paper develops an in-depth analysis on those methodological...
Persistent link: https://www.econbiz.de/10009476091
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Deutschland dezentral - Potenziale, Probleme, politische Perspektiven
Fricke, Holger - 2008
Dezentrale, wettbewerblich organisierte föderale Ordnungen, bei denen zentrale Kompetenzen auf niedrigen institutionellen Ebenen liegen und in denen Gebietskörperschaften eine vergleichsweise geringe Größe aufweisen, sind mit beträchtlichen Vorteilen verbunden. So ist es besser möglich,...
Persistent link: https://www.econbiz.de/10009433708
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Adjusting to the Euro
Fagan, Gabriel; Gaspar, Vitor - 2006
In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...
Persistent link: https://www.econbiz.de/10009440740
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How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia
Horváth, Roman; Rusnák, Marek - 2008
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391
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Europos Centrinio banko veiklos teisinis reguliavimas
Narbutaitė, Gema - 2006
the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …
Persistent link: https://www.econbiz.de/10009478178
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Exchange rate pass-through in the euro area and EU countries
Ortega Eslava, Eva; Osbat, Chiara - 2020
La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...
Persistent link: https://www.econbiz.de/10012523788
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EMU deepening and sovereign debt spreads: using political space to achieve policy space
Kataryniuk, Iván; Mora Bajén, Víctor María; Pérez … - 2021
La aparición de diferenciales soberanos dentro de la Unión Económica y Monetaria (UEM) responde a que los mercados incorporan en el precio de la deuda pública los fundamentales heterogéneos de los países, pero también el riesgo de redenominación, dada la naturaleza incompleta de la UEM....
Persistent link: https://www.econbiz.de/10012525473
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The financial and real performance of non-financial corporations in the euro area : 1999-2015
Salas Fumás, Vicente; San Juan del Peso, Lucio; … - 2017
Este trabajo documenta el comportamiento agregado de las empresas no financieras en las principales economías de la zona del euro y lo compara con el de Estados Unidos a partir de la información de las Cuentas Nacionales Sectoriales y las Cuentas Financieras. Encontramos diferencias muy...
Persistent link: https://www.econbiz.de/10012529600
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Current accounts in the euro area : an intertemporal approach
Campa Fernández, José Manuel; Gavilán González, Ángel - 2006
This paper uses an intertemporal model of the current account to evaluate the fluctuations in current account balances experienced by Euro area countries over the last three decades. In the model current account balances are used to smooth consumption and they are driven by expectations about...
Persistent link: https://www.econbiz.de/10012530150