This article examines 10-year bond yields convergence between each of the new EU countries and Germany, including a structural break that embodies the effects of the current debt crisis in the Eurozone. The analysis is based on a new definition of bond yields convergence that can be interpreted either as strong or weak monetary policy convergence, depending on whether the conditions of UIP and ex-ante PPP hold or are violated, respectively.
The results show that the size of the MFIs has a robust non-linear, inverted U-shaped impact on overall performance. Age and the status of non-governmental institution also appear to matter. As it concerns the country-level attributes, GDP growth has a robust positive impact on overall performance. Regional differences also appear to matter
We assess the impact of the Eurozone’s economic policies on specific South-Eastern European countries. Since these countries are connected to the EU or the Eurozone and the economic interdependence among them is evolving, we carried out our analysis using the VECMX framework.
In the present paper we assess the impact of the Eurozone’s economic policies on specific South-Eastern European countries, namely Bulgaria, Croatia, Cyprus, Greece, Romania, Slovenia and Turkey.
In this paper, we investigate the monetary transmission mechanism through interest rate and real effective exchange rate channels.
This paper investigates whether the nominal euro exchange rate against the currencies of China, Japan, the UK and the USA converges or not to its equilibrium level.
In this paper, we investigate the implications of measurement errors in the daily published stock prices on the creation and management of efficient portfolios.
This paper investigates the existence of any linear or non-linear diachronic relationship between the financial newspapers circulations and the General Index of the Athens Stocks Exchange (ASE).
This paper examines the strategy of investing in selected East European stock markets: The Czech Republic, Hungary, and Poland.
The present study examines the relation between real stock returns and real industrial production (IP) growth for the UK and the US.
This short paper examines the nonlinear interaction between mutual fund flows and stock returns in Greece. We investigate the possibility of a nonlinear causality mechanism through which mutual funds flows may affect stock returns and vice versa.
In this paper we test the effects of temporal aggregation (disaggregation) on the efficiency of portfolio construction using the mean variance optimization approach
This paper proposes an alternative way of testing FOREX efficiency for developing countries
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