European Business Cycle Convergence
Is the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios....
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| Հիմնական հեղինակ: | |
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| Ձևաչափ: | Online |
| Լեզու: | անգլերեն |
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Peter Lang International Academic Publishers
2021
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| Խորագրեր: | |
| Առցանց հասանելիություն: | 1002711 |
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Չկան պիտակներ, Եղեք առաջինը, ով նշում է այս գրառումը!
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| _version_ | 1869522504572207104 |
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| author | Schneider, Jennifer |
| author_browse | Schneider, Jennifer |
| author_facet | Schneider, Jennifer |
| author_sort | Schneider, Jennifer |
| collection | Directory of Open Access Books |
| description | Is the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios. The idea is that financial portfolio choice has an impact on business cycles and contributes to convergence via the consumption-wealth linkage. The background of the analysis is the International Asset Pricing Model (IAPM). The results of fixed effects GMM TSLS estimations confirm the linkage. The effect is higher for country-pairs that are built by one euro area member and one member outside the euro area. |
| format | Online |
| id | doab-20.500.12854ir-37163 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Peter Lang International Academic Publishers |
| publisherStr | Peter Lang International Academic Publishers |
| record_format | ojs |
| spelling | doab-20.500.12854ir-371632025-01-29T16:09:32Z European Business Cycle Convergence Schneider, Jennifer Bias Business Consumption-Wealth-Linkage Convergence Cycle Declining European Home International Asset Pricing Model Investors Panel Methods Portfolio Portfolio Choice Private Schneider Similarity thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management Is the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios. The idea is that financial portfolio choice has an impact on business cycles and contributes to convergence via the consumption-wealth linkage. The background of the analysis is the International Asset Pricing Model (IAPM). The results of fixed effects GMM TSLS estimations confirm the linkage. The effect is higher for country-pairs that are built by one euro area member and one member outside the euro area. 2021-02-10T12:58:18Z 2019-01-10 03:00:33 2020-04-01T11:48:30Z 2013-12-04 book 1002711 OCN: 1083021842 http://library.oapen.org/handle/20.500.12657/27301 9783653019155 https://directory.doabooks.org/handle/20.500.12854/37163 eng Hohenheimer volkswirtschaftliche Schriften open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/27301/1/1002711.pdf https://library.oapen.org/bitstream/20.500.12657/27301/1/1002711.pdf https://library.oapen.org/bitstream/20.500.12657/27301/1/1002711.pdf https://library.oapen.org/bitstream/20.500.12657/27301/1/1002711.pdf https://library.oapen.org/bitstream/20.500.12657/27301/1/1002711.pdf Peter Lang International Academic Publishers 10.3726/978-3-653-01915-5 10.3726/978-3-653-01915-5 44a712f0-ee17-4c08-a667-46effed595e7 9783653019155 218 Bern open access |
| spellingShingle | Bias Business Consumption-Wealth-Linkage Convergence Cycle Declining European Home International Asset Pricing Model Investors Panel Methods Portfolio Portfolio Choice Private Schneider Similarity thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management Schneider, Jennifer European Business Cycle Convergence |
| title | European Business Cycle Convergence |
| title_full | European Business Cycle Convergence |
| title_fullStr | European Business Cycle Convergence |
| title_full_unstemmed | European Business Cycle Convergence |
| title_short | European Business Cycle Convergence |
| title_sort | european business cycle convergence |
| topic | Bias Business Consumption-Wealth-Linkage Convergence Cycle Declining European Home International Asset Pricing Model Investors Panel Methods Portfolio Portfolio Choice Private Schneider Similarity thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management |
| topic_facet | Bias Business Consumption-Wealth-Linkage Convergence Cycle Declining European Home International Asset Pricing Model Investors Panel Methods Portfolio Portfolio Choice Private Schneider Similarity thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economics thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management |
| url | 1002711 |
| work_keys_str_mv | AT schneiderjennifer europeanbusinesscycleconvergence |