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Browsing ECO Working Papers by Subject "F36"
Now showing items 1-5 of 5
Title:Bank Bail-Outs, International Linkages and Cooperation
Author(s):NIEPMANN, Friederike; SCHMIDT-EISENLOHR, TimDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Financial institutions are increasingly linked internationally and engaged in cross-border
operations. As a result, financial crises and potential bail-outs by governments have important
international implications. ...
Title:Are Small Countries Able to set their Own Interest Rates? Assessing the implications of the macroeconomic trilemma
Author(s):HERWARTZ, Helmut; ROESTEL, JanDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:According to the ’macroeconomic trilemma’ the ability of small economies to pursue an independent monetary policy is jointly determined by country specific foreign exchange (FX) rate flexibility and capital mobility. In ...
Title:The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model
Author(s):GRUSS, Bertrand; SGHERRI, SilviaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The ongoing financial turmoil has triggered a lively debate on ways of containing systemic risk and lessening the likelihood of future boom-and-bust episodes in credit markets. Particularly, it has been argued that banking ...
Title:Does One Currency Mean One Price?
Author(s):WOLSZCZAK-DERLACZ, JoannaDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:European Monetary Union was expected to have many consequences for the economies
of participant countries. Theory suggested that through a higher volume of trade and
stronger competition in the Eurozone, a single currency ...
Title:The Home Bias of the Poor: Terms of Trade Effects and and Portfolios across the Wealth Distribution
Author(s):BROER, TobiasDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Wealthier people generally hold a larger part of their savings in risky
assets. Using the US Survey of Consumer Finances, I show that wealthier
households also have a higher portfolio share of foreign assets. This ...