The geography of asset trade and the euro: insiders and outsiders

By Nicolas Coeurdacier, Philippe Martin. 2009

206 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/87246cebeead8349c0987504bb49fdda66707e98

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Citations in the corpus

International portfolio diversification is better than you think (2011, background): “…Griever and Warnock, 2004);9 trade (Aviat and Coeurdacier, 2007; Lane and Milesi-Feretti, 2004); exchange rate risk and currency unions (Lane, 2006; Coeurdacier and Martin, 2009; De Santis and Gerard, 2006; Fidora et al., 2007); institutions (Wei and Gelos, 2005; Vlachos, 2004; Daude and…”
European Economic and Monetary Integration, and the Optimum Currency Area Theory (2008, background): “The basic elements of the EMS were: the definition of the European currency unit (or ECU) as a basket of currencies; and an Exchange Rate Mechanism (ERM) based on the concept of fixed currency exchange rate margins, but with variable exchange rates within those margins (see Giavazzi and Giovannini (”
What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade? (2010, unknown): “…is large, it is much smaller in magnitude than the estimates of Lane and Milesi-Ferretti (2008), Lane (2006a), de Santis and Gerard (2006) and Coeurdacier and Martin (2007), who, using IMF survey data and cross-sectional approaches, estimate that the euro has increased bilateral equity and…”
Gravity Equations: Workhorse,Toolkit, and Cookbook (2013, unknown): “Coeurdacier and Martin (2009) generalize the framework to multiple countries and apply it using different types of assets and a fixed effects estimation technology very close to the one used by trade economists. Okawa and van Wincoop (2012) suggest an alternative foundation for gravity in internatio”
Convergence and Anchoring of Yield Curves in the Euro Area (2008, unknown): “Although not directly related to our bond market analysis, there are also a few studies of how capital flows and equity market returns have converged in the euro area due to EMU (e.g. Coeurdacier and Martin.”
Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies (2011, background): “24 Theoretical research modeling various aspects of the costs and benefits comes to similar conclusions; see Goldstein and Pauzner (2004), Dasgupta (2004) and Wagner (2010a).”
Cross-Border Mergers and Acquisitions and European Integration (2009, unknown): “The EMU effects on cross-border M&As are of the same order of magnitude than those found for the reallocation of bond portfolios and larger than those found for equity portfolios (see Lane, 2006; Coeurdacier and Martin, 2006; De Santis and Gerard, 2006).”
The European Union, the Euro, and Equity Market Integration (2010, background): “…a voluminous literature establishes that the Euro has increased bilateral bond and equity holdings (e.g. Lane, 2006; De Santis and Gérard, 2006; Coeurdacier and Martin, 2009), cross-border banking activities (Blank and Buch, 2007; Kalemli-Ozcan, Papaioannou and Peydró, 2010; Spiegel, 2009),…”
Home bias in open economy financial macroeconomics (2013, unknown): “5See Coeurdacier and Martin (2009) and Fidora et al. (2007) for studies on the impact of the Monetary Union on cross-border equity diversification.”
What Separates Us? Sources of Resistance to Globalization (2013, unknown): “Coeurdacier and Martin (2009) find distance effects of 0.4, 0.7, and 0.5 for equity, bond, and bank assets (respectively).”
The Eurozone and Political Economic Institutions (2016, background): “…the empirical evidence suggests that the euro made a substantial contribution to integration in all these areas (Bun & Klaassen 2002, 2007; Barr et al. 2003; Micco et al. 2003; Baldwin 2006; Blank & Buch 2007; Petroulas 2007; Baldwin et al. 2008; Coeurdacier & Martin 2009; De Sousa & Lochard 2011).”