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Financial Dollarization and European Union Membership

Neanidis, Kyriakos C. - 2013

We analyze the effect of European Union (EU) membership on financial dollarization for the Central and Eastern European countries. Using a unique monthly dataset that spans about two decades, we find that both the accession process toward EU membership and EU entry have a direct impact on...

Persistent link: https://www.econbiz.de/10013094571

Margins of Multinational Labor Substitution

Muendler, Marc-Andreas - 2008

Multinational labor demand responds to wage differentials at the extensive margin, when a multinational enterprise (MNE) expands into foreign locations, and at the intensive margin, when an MNE operates existing affiliates across locations. We derive conditions for parametric and nonparametric...

Persistent link: https://www.econbiz.de/10012774187

The VARying Effect of Foreign Shocks in Central and Eastern Europe

Jiménez-Rodríguez, Rebeca - 2013

This paper investigates the impact of international shocks – interest rate, commodity price and industrial production shocks – on key macroeconomic variables in ten Central and Eastern European (CEE) countries by using near-VAR models and monthly data from the early 1990s to 2009. In...

Persistent link: https://www.econbiz.de/10013094654

Volatility Transmission in Emerging European Foreign Exchange Markets

Bubak, Vit - 2013

This paper studies the dynamics of volatility transmission between Central European currencies and euro/dollar foreign exchange using model-free estimates of daily exchange rate volatility based on intraday data. We formulate a flexible yet parsimonious parametric model in which the daily...

Persistent link: https://www.econbiz.de/10013094673

Stock Market Integration between Three CEECs, Russia and the UK

Caporale, Guglielmo Maria - 2013

This paper estimates a tri-variate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyse...

Persistent link: https://www.econbiz.de/10013095004

Toward a Sustainable Transport Development in Asia and the Pacific

Bhattacharyay, Biswa N. - 2013

Despite remarkable growth during the last decade, Asia and the Pacific still faces extensive basic infrastructure needs … region needs to enhance its connectivity through developing transport infrastructure at the national and regional level to … infrastructure will have profound implications on environment and climate change at the national, regional and global levels as well …

Persistent link: https://www.econbiz.de/10013092592

Institutional Architecture for Financing Pan-Asian Infrastructure Connectivity

Bhattacharyay, Biswa N. - 2017

trade-driven growth through increased intraregional infrastructure connectivity and regional economic integration. In 1992 … connectivity as well as infrastructure financing needs in Asia. It also examines the nature and characteristics of existing and new … an institutional architecture consisting of new “Asian Infrastructure Coordination Facility (AICF)” involving major …

Persistent link: https://www.econbiz.de/10012956801

Broadband Infrastructure and Economic Growth

Czernich, Nina - 2012

We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel …

Persistent link: https://www.econbiz.de/10013116573

The Business Environment in the Transition

Carlin, Wendy - 2012

faced and their business environment. The business environment includes physical infrastructure, the availability of an …

Persistent link: https://www.econbiz.de/10013100506

Infrastructure Investment in Network Industries : The Role of Incentive Regulation and Regulatory Independence

Égert, Balázs - 2009

This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...

Persistent link: https://www.econbiz.de/10013160048