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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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Inflation Differentials in EU New Member States: An Empirical Evidence
Horváth, Roman; Koprnicka, Kamila - 2008
In this paper, we examine the determinants of inflation differentials in a panel of the newEuropean Union member states vis-‡-vis the euro area in 1997-2007. Our main results are as follows. Exchange rate appreciation and higher price level in the new EU members is associated with narrower...
Persistent link: https://www.econbiz.de/10009477187
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Inflation Differentials in the Euro Area and their Determinants – an empirical view
Aldasoro, Juan Ignacio; Žďárek, Václav - 2009
In this paper, we present evidence on the statistical features of observed dispersion in HICP inflation rates in the Euro area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates across the member countries. We find that most of dispersion...
Persistent link: https://www.econbiz.de/10009477196
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Liberalization of Staple Crops: Lessons from the Mexican Experience in Maize
Yunez-Naude, Antonio; Serrano-Cote, Valeria - 2009
In this paper we inquire why after more than 25 years of domestic agricultural reforms in Mexico and 15 years of trade liberalization of maize under NAFTA –a non-competitive crop and the major staple in Mexico–domestic production of this field crop has increased. We present new empirical...
Persistent link: https://www.econbiz.de/10009444791
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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