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Has the euro affected the choice of invoicing currency?

Ligthart, Jenny E.; Werner, Sebastian E. V. - 2010

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

Persistent link: https://www.econbiz.de/10010275698

The Euro Crisis and Economic Growth : A Novel Counterfactual Approach

Terzi, Alessio - 2019

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

Persistent link: https://www.econbiz.de/10012866042

Has the Euro Affected the Choice of Invoicing Currency?

Ligthart, Jenny E. - 2013

Persistent link: https://www.econbiz.de/10013094696

The trade and FDI effects of EMU enlargement

Brouwer, Jelle; Paap, Richard; Viaene, Jean-Marie - 2007

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...

Persistent link: https://www.econbiz.de/10010264230

International Credit Flows and Pecuniary Externalities

Brunnermeier, Markus; Sannikov, Yuliy - 2015

This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary externalities. First, an undercapitalized country borrows too...

Persistent link: https://www.econbiz.de/10010480876

China's Bilateral Currency Swap Lines

Zhitao, Lin; Wenjie, Zhan; Cheung, Yin-Wong - 2016

We study the determinants of China’s bilateral local currency swap lines that were established since the recent global finance crisis. It is found that economic factors, political considerations, and institutional characteristics including trade intensity, economic size, strategic partnership,...

Persistent link: https://www.econbiz.de/10011431274

The Euro Crisis and Economic Growth: A Novel Counterfactual Approach

Terzi, Alessio - 2019

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

Persistent link: https://www.econbiz.de/10012052852

Creating a Euro Area Safe Asset without Mutualizing Risk (Much)

Leandro, Álvaro; Zettelmeyer, Jeromin - 2019

This paper explains and evaluates three proposals to create “safe assets” for the euro area based on sovereign bonds …

Persistent link: https://www.econbiz.de/10012052872

The Global Financial Cycle and Capital Flow Episodes: A Wobbly Link?

Scheubel, Beatrice D.; Stracca, Livio; Cedric, Tille - 2019

We add to the literature on the influence of the global financial cycle (GFC) and gyrations in capital flows. First, we build a new measure of the GFC based on a structural factor approach, which incorporates theoretical priors in its definition. This measure can also be decomposed in a...

Persistent link: https://www.econbiz.de/10012179766

Pegxit Pressure: Evidence from the Classical Gold Standard

Mitchener, Kris James; Pina, Gonçalo - 2016

We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...

Persistent link: https://www.econbiz.de/10011584911