European Business Cycle Convergence
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A01=Jennifer Schneider
Author_Jennifer Schneider
Belke
Category=KCA
Category=KCK
Category=KJSM
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Product details
- ISBN 9783631639740
- Weight: 390g
- Dimensions: 148 x 210mm
- Publication Date: 27 Mar 2013
- Publisher: Peter Lang AG
- Publication City/Country: CH
- Product Form: Hardback
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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.
Jennifer Schneider studied from 2001 to 2005 Economics at the University of Hohenheim and achieved her doctorate in 2011. Since 2005 she works in the field of risk management for banks.
