Euro Area membership and the probability of a sudden stop

Detalhes bibliográficos
Autor(a) principal: Lebre de Freitas, Miguel
Data de Publicação: 2018
Outros Autores: Nunes, Luís Catela, Rodrigues, Madalena Sampaio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://doi.org/10.1111/jcms.12641
Resumo: Luis Catela Nunes acknowledges support from FCT - Fundação para a Ciência e Tecnologia under project UID/ECO/00124/2013, POR Lisboa under project LISBOA-01-0145-FEDER-007722, and Nova Forum
id RCAP_bf296b35a388b50da3c80bcc5c784803
oai_identifier_str oai:run.unl.pt:10362/40525
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Euro Area membership and the probability of a sudden stopan empirical assessmentcapital flowssudden stoppush and pull factorsEuropean Unioneuro areaLuis Catela Nunes acknowledges support from FCT - Fundação para a Ciência e Tecnologia under project UID/ECO/00124/2013, POR Lisboa under project LISBOA-01-0145-FEDER-007722, and Nova ForumUsing quarterly data from 1995 until 2014, we investigate whether Euro Area (EA) membership influences the probability of a European Union Member State going through an episode of sudden stop or through an episode of bonanza, after controlling for a number of push and pull factors. Overall, our results do not support the claim that EA membership constituted a weakness during the recent financial crisis. On the contrary, we find that EA membership decreases the probability of a sudden stop, all else equal. We find no evidence that being part of the EA has a direct effect on the probability of bonanza. When allowing for interaction effects, our results suggest that EA membership might have mitigated the risk perception arising from higher government debt in the case of bonanzas.NOVA School of Business and Economics (NOVA SBE)RUNLebre de Freitas, MiguelNunes, Luís CatelaRodrigues, Madalena Sampaio2022-02-10T01:30:39Z2018-052018-05-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.1111/jcms.12641eng0021-9886PURE: 3241113http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-5965/earlyviewhttps://doi.org/10.1111/jcms.12641info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:22:04Zoai:run.unl.pt:10362/40525Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:31:15.983112Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Euro Area membership and the probability of a sudden stop
an empirical assessment
title Euro Area membership and the probability of a sudden stop
spellingShingle Euro Area membership and the probability of a sudden stop
Lebre de Freitas, Miguel
capital flows
sudden stop
push and pull factors
European Union
euro area
title_short Euro Area membership and the probability of a sudden stop
title_full Euro Area membership and the probability of a sudden stop
title_fullStr Euro Area membership and the probability of a sudden stop
title_full_unstemmed Euro Area membership and the probability of a sudden stop
title_sort Euro Area membership and the probability of a sudden stop
author Lebre de Freitas, Miguel
author_facet Lebre de Freitas, Miguel
Nunes, Luís Catela
Rodrigues, Madalena Sampaio
author_role author
author2 Nunes, Luís Catela
Rodrigues, Madalena Sampaio
author2_role author
author
dc.contributor.none.fl_str_mv NOVA School of Business and Economics (NOVA SBE)
RUN
dc.contributor.author.fl_str_mv Lebre de Freitas, Miguel
Nunes, Luís Catela
Rodrigues, Madalena Sampaio
dc.subject.por.fl_str_mv capital flows
sudden stop
push and pull factors
European Union
euro area
topic capital flows
sudden stop
push and pull factors
European Union
euro area
description Luis Catela Nunes acknowledges support from FCT - Fundação para a Ciência e Tecnologia under project UID/ECO/00124/2013, POR Lisboa under project LISBOA-01-0145-FEDER-007722, and Nova Forum
publishDate 2018
dc.date.none.fl_str_mv 2018-05
2018-05-01T00:00:00Z
2022-02-10T01:30:39Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://doi.org/10.1111/jcms.12641
url https://doi.org/10.1111/jcms.12641
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0021-9886
PURE: 3241113
http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-5965/earlyview
https://doi.org/10.1111/jcms.12641
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799137935729098752

Registros relacionados