Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Jörg Decressin"'
By and large, EU financial integration has been a success story. Still, the reform agenda is far from finished. What are the remaining challenges? What are the gains of closer financial market integration? This IMF book tracks the European Union's jo
Publikováno v:
International Journal of Forecasting. 32:518-526
This paper examines the usefulness of asset prices in predicting the beginnings of recessions in the G-7 countries. It finds that equity/house price drops have a substantial marginal effect on the likelihood of a new recession. Increased market uncer
Autor:
Piti Disyatat, Jörg Decressin
Publikováno v:
Journal of International Money and Finance. 27:897-914
This paper presents an analysis of capital market integration grounded in the intertemporal model of the current account. The model is extended to encompass liquidity constraints and fitted to data for euro-area countries and Italian and Canadian reg
Autor:
Jörg Decressin
Publikováno v:
Business Economics. 42:21-28
For many years after World War II, Germany's economic output grew very rapidly—a period commonly referred to as the “Wirtschaftswunder,” or economic miracle. It came to an end in the 1970s. This paper addresses three questions: Why did growth d
Autor:
Jörg Decressin
Publikováno v:
Journal of Public Economics. 86:287-306
This paper investigates income redistribution and risk sharing and the underlying public policy in Italy, a country marked by stark regional economic contrasts. Unlike previous works, this study also assesses the roles of public consumption, investme
Autor:
Thierry Tressel, Shengzu Wang, Joong S Kang, Jay C Shambaugh, Jörg Decressin, Petya Koeva Brooks
Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area “deficit economies” (Greece, Ireland, Portugal, and Spain) that accumulated large current
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::b7a0263b952b5789b92ec8aae764b641
http://www.imf.org/external/pubs/cat/longres.aspx?sk=41716
http://www.imf.org/external/pubs/cat/longres.aspx?sk=41716
Autor:
Antonio Fatás, Jörg Decressin
Publikováno v:
European Economic Review. 39:1627-1655
The paper investigates regional labor market dynamics in Europe and compares the results to those obtained for the US. It analyzes to what extent regional employment dynamics are common to all regions in Europe and to all states in the US. It finds t
Autor:
Jörg Decressin, Emil Stavrev
A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bf97a4e3827095ae0ad42d36160ef67b
http://www.imf.org/external/pubs/cat/longres.aspx?sk=23031
http://www.imf.org/external/pubs/cat/longres.aspx?sk=23031
By and large, EU financial integration has been a success story. This book tracks the EU's journey along the path to a single financial market and identifies the challenges and priorities that remain ahead. The study takes an IMF perspective, focusin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7824ce03b8b3f6bf42b488dcaf29b1c2
https://doi.org/10.5089/9781589066236.071
https://doi.org/10.5089/9781589066236.071
Autor:
Jörg Decressin, Martin Cihak
Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented super
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c61208f9ac7b0a41bfcbcd99a81767de
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21158
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21158