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The Integration of Imperfect Financial Markets : Implications for Business Cycle Volatility

Buch, Claudia M.; Pierdzioch, Christian - 2004

During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretically the implications of the opening up...

Persistent link: https://www.econbiz.de/10014072512

A Cross-Country Empirical Analysis of International Reserves

Cheung, Yin-Wong - 2013

. Furthermore, there is only limited evidence that East Asian economies including China and Japan are accumulating an excessive …

Persistent link: https://www.econbiz.de/10013095899

The Valuation Effects of Trade

Barbiero, Omar - 2021

This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...

Persistent link: https://www.econbiz.de/10013310101

Determinants of currency choice in cross-border bank loans

Emter, Lorenz; McQuade, Peter; Pradhan, Swapan-Kumar; … - 2024

This paper provides insights into the determinants of currency choice in cross-border bank lending, such as bilateral distance, financial and trade linkages to issuer countries of major currencies, and invoicing currency patterns. Cross-border bank lending in US dollars, and particularly in...

Persistent link: https://www.econbiz.de/10014507151

Measuring regional market integration in developing Asia : a Dynamic Factor Error Correction Model (DF-ECM) approach

Qin, Duo; Cagas, Marie Anne; Ducanes, Geoffrey; … - 2007

This paper examines empirically the dynamic process of regional market integration in twelve Asian economies using a new modeling approach combining DF with ECM. This approach enables us to obtain latent regional dynamic factors which correspond well with the 'foreign' parity variables in theory...

Persistent link: https://www.econbiz.de/10010529711

Japan's Imbalance of Payments

Müller-Plantenberg, Nikolas - 2021

During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably … in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However … regularities. It argues that as a result of the large movements of the current account, the flows of cash between Japan and ist …

Persistent link: https://www.econbiz.de/10013319615

Stock market integration between three CEECs, Russia and the UK

Caporale, Guglielmo Maria; Spagnolo, Nicola - 2010

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/10003942221

Stock Market Integration between Three CEECs, Russia and the UK

Caporale, Guglielmo Maria - 2013

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

Drivers of consumer prices and exchange rates in small open economies

Corbo, Vesna; Di Casola, Paola - 2020

economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …

Persistent link: https://www.econbiz.de/10012176017

How wide are European borders? : New evidence on the integration effects of monetary unions

Beck, Günter W.; Weber, Axel A. - 2001

Persistent link: https://www.econbiz.de/10001768923