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Currency board and crawling peg : combining the technical and political sustainability of exchange rate based stabilization
Jochem, Axel - In: Intereconomics : review of European economic policy 33 (1998) 6, pp. 289-293
Persistent link: https://www.econbiz.de/10015105842
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International financial competitiveness and incentives to foreign direct investment
Jochem, Axel (contributor) - 2008
In this paper an index of financial competitiveness is calculated that corresponds to the market-to-book ratio of inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable inflation rates and registered patents have a positive...
Persistent link: https://www.econbiz.de/10003794120
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The international integration of money markets in the Central and East European accession countries : deviations from covered interest parity, capital controls and inefficiencies in the financial sector
Herrmann, Sabine; Jochem, Axel - In: Revue bancaire et financière 67 (2003) 6, pp. 372-379
Persistent link: https://www.econbiz.de/10001820867
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The international integration of money markets in the central and east European accession contries : deviations from covered interst parity, capital controls and inefficiencies in the financial sector
Herrmann, Sabine; Jochem, Axel - 2003
Based on the concept of covered interest parity it is shown that the money markets in Poland, the Czech Republic, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration has strengthened continuously in the review period of...
Persistent link: https://www.econbiz.de/10001786153
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The international integration of foreign exchange markets in the central and east European accession countries : speculative efficiency, transactions costs and exchangte rate premiums
Herrmann, Sabine; Jochem, Axel - 2003
A test of speculative efficiency on the foreign exchange markets of Poland, the Czech Republic, Hungary and the Slovak republic was unable to identify a cointegration relationship between forward and spot rates against the euro for the period between 1999 and mid-2002. Econometric studies...
Persistent link: https://www.econbiz.de/10001786165
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Regionalisation trends in the world economy : a theoretical concept
Jochem, Axel; Sell, Friedrich L. - 1997
Persistent link: https://www.econbiz.de/10000965855
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Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern : Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffizienzen des Finanzsektors
Herrmann, Sabine; Jochem, Axel - 2003
Based on the concept of covered interest parity it is shown that the money markets in Poland, the Czech Republic, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration has strengthened continuously in the review period of...
Persistent link: https://www.econbiz.de/10001754141
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What Drives the German Target Balances? Evidence from a Bvar Approach
Bettendorf, Timo; Jochem, Axel - 2021
Applying a BVAR model, the present paper first identifies the possible drivers of Germany's TARGET claims. In this context, in terms of potential causes, a distinction is made between a rise in the global risk assessment, tensions within the euro area, and European monetary policy. It becomes...
Persistent link: https://www.econbiz.de/10013228711
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Competitiveness and External Imbalances within the Euro Area
Dieppe, Alistair - 2013
The onset of the financial crisis in 2008 has highlighted the problems of diverging external imbalances within Economic and Monetary Union (EMU) and the role of persistent losses in competitiveness. This paper starts by investigating some of the competitiveness factors which contributed to...
Persistent link: https://www.econbiz.de/10013089688
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Determinants of TARGET2 Transactions of European Banks Based on Micro-Data
Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022
This paper examines German and foreign bank factors that can explain cross-border central bank liquidity flows between Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system TARGET2 and BankFocus for the period between 2009...
Persistent link: https://www.econbiz.de/10014238813