أعرض تسجيلة المادة بشكل مبسط

dc.creator Buch, Claudia M.
dc.creator Carstensen, Kai
dc.creator Schertler, Andrea
dc.date 2005
dc.date.accessioned 2013-10-16T06:56:53Z
dc.date.available 2013-10-16T06:56:53Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17808
dc.identifier ppn:497689464
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17808
dc.description Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in which financial markets are imperfectly integrated. We test the implications of this model using dynamic panel models for changes in foreign bank assets. We find evidence that nominal interest rate differentials and inflation differentials drive changes in foreign bank assets permanently, while growth rate differentials and exchange rates have only a temporary effect.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1254
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F3
dc.subject F41
dc.subject ddc:330
dc.subject international banking
dc.subject macroeconomic shocks
dc.subject Internationale Bank
dc.subject Bilanzstrukturmanagement
dc.subject Konjunktur
dc.subject Schock
dc.subject Zinsdifferenz
dc.subject Kaufkraftparität
dc.subject Neue Makroökonomik offener Volkswirtschaften
dc.subject Schätzung
dc.subject Schätzung
dc.subject Welt
dc.title Macroeconomic Shocks and Foreign Bank Assets
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط