Euro Area membership and the probability of a sudden stop
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
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 |
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7160 |
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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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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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 |
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1799137935729098752 |