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Non-US global banks and dollar (co-)dependence: how housing markets became internationally synchronized

Ehlers, Torsten; Hoffmann, Mathias; Raabe, Alexander - 2020

US net capital inflows drive the international synchronization of house price growth. An increase (decrease) in US net capital inflows improves (tightens) US dollar funding conditions for non-US global banks, leading them to increase (decrease) foreign lending to third-party borrowing countries....

Persistent link: https://www.econbiz.de/10012420240

Non-US global banks and dollar (co-)dependence : how housing markets became internationally synchronized

Ehlers, Torsten; Hoffmann, Mathias; Raabe, Alexander - 2020

US net capital inows drive the international synchronization of house price growth. An increase (decrease) in US net capital inows improves (tightens) US dollar funding conditions for non-US global banks, leading them to increase (decrease) foreign lending to third-party borrowing countries....

Persistent link: https://www.econbiz.de/10012416275

Non-US Global Banks and Dollar (Co-)Dependence : How Housing Markets Became Internationally Synchronized

Ehlers, Torsten; Hoffmann, Mathias; Raabe, Alexander - 2021

Persistent link: https://www.econbiz.de/10013251049

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

positions for a wide range of parameter values, even if agents have an incentive to hedge labor income risk by purchasing …

Persistent link: https://www.econbiz.de/10008758929

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

positions for a wide range of parameter values, even if agents have an incentive to hedge labor income risk by purchasing … Integration ; International Risk Sharing ; Home Bias …

Persistent link: https://www.econbiz.de/10008779855

Intra- and International Risk-Sharing in the Short Run and the Long Run

Becker, Sascha O.; Hoffmann, Mathias - 2021

We investigate empirically how industrialized countries and U.S. states share consumption risk at horizons between one … and thirty years. U.S. federal states share about 50 percent of their permanent idiosyncratic risk through cross … share any of their permanent idiosyncratic risk. Our results suggest that purely transaction cost based theories cannot …

Persistent link: https://www.econbiz.de/10013319551

International financial market integration, asset compositions, and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2015

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...

Persistent link: https://www.econbiz.de/10011294137

International financial market integration, asset compositions and the falling exchange rate pass-through : conference paper

Enders, Zeno; Enders, Almira; Hoffmann, Mathias - 2014 - Preliminary

This paper provides an explanation for the observed decline of exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, the...

Persistent link: https://www.econbiz.de/10010486033

International financial market integration, asset compositions and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2014

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of ﬁnancial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature,...

Persistent link: https://www.econbiz.de/10010396136

International financial integration and national price levels : the role of the exchange rate regime

Hoffmann, Mathias; Tillmann, Peter - 2011 - This version: October 7, 2010

How does international financial integration affect national price levels? Panel evidence for 54 industrialized and emerging countries shows that a larger ratio of foreign assets and liabilities to GDP, our measure of international financial integration, increases the national price level under...

Persistent link: https://www.econbiz.de/10009295676