Showing 1 - 10 of 1,230
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...
Persistent link: https://www.econbiz.de/10013138239
In this paper we look at business cycles similarities between CEE countries and the euro area. Particularly, we uncover …-in (GDP-to-inflation) and cross-country (CEECs vs. euro area) levels. Allowing for different degrees of cyclical similarity … Latvia and the euro area being at the boundary). Looking at cross-country results, almost all countries feature a fair degree …
Persistent link: https://www.econbiz.de/10013081633
countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of … synchronization of the business cycles of CEE countries and their main trade partners from the euro area has increased in recent years …
Persistent link: https://www.econbiz.de/10013315647
The EMU accession countries are obliged to fulfill the Maastricht convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: how do the Maastricht convergence criteria modify optimal monetary policy in an...
Persistent link: https://www.econbiz.de/10013316539
What determines a country's ability to compete in international markets? What fosters the global competitiveness of its firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered domestic firms' competitiveness in local and global...
Persistent link: https://www.econbiz.de/10013316662
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro … integration between most of the largest CEECs and the euro area is already relatively well advanced, while some Baltic and South …
Persistent link: https://www.econbiz.de/10013318195
the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …
Persistent link: https://www.econbiz.de/10013316460
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …
Persistent link: https://www.econbiz.de/10012871300
This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the industry level....
Persistent link: https://www.econbiz.de/10012765711
We study euro area investors' portfolio adjustment since the Brexit referendum in terms of securities issued in the UK … from the EU. Our sector-level analysis "looks-through" holdings of investment fund shares to gauge euro area sectors' full … exposures to debt securities and listed shares. Our key finding is the absence of a negative "Brexit-effect" for euro area …
Persistent link: https://www.econbiz.de/10014239454