Financial development and economic activity in advanced and developing open economies: Evidence from panel cointegration. G Chortareas, G Magkonis. Office: 1, Sofokleous & Aristidou str., 5th floor, office Tel: email : gchortar[at]econ,uoa[dot]gr. Personal Website: Georgios Chortareas. Research Economist,. Dr Chortareas has been a Research Economist in the International Economic Analysis Division, Monetary Analysis.

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There, details are also given on how to add or correct references and citations. New articles by this author.

Fiscal and Debt Policies for the Future

He is working on a book on the corporatisation of large Chinese state-owned enterprises gworgios shareholding concerns in the late s, using the case study of national oil and petrochemical companies to examine the political and macroeconomic conditions that enabled a radical reorganisation of the commanding heights, and the ensuing legacy of contentious state-market relations.

Further Evidence from the Athens Stock Exchange more. We use realized volatility and traditional time series volatility models. Title Cited by Year The financial development and growth nexus: He is also involved in projects on distance learning. This “Cited by” count includes citations to the following articles in Scholar.

Monetary policy transparency, inflation and the sacrifice ratio more.

While the average reported effect of volatility on growth is negative, the empirical estimates vary substantially across studies. A nonlinear approach to public finance sustainability in Latin America by Georgios Chortareas 1 edition published in in English and held by 1 WorldCat member library worldwide The debt crisis in Latin America is associated with the large fiscal imbalances of the s; therefore public finance sustainability occupies the center of stabilization efforts in these economies.

MarketingEconometricsand Forecasting. Widening the European Union: Our results indicate that the inflation rates converge chkrtareas of the monetary policy framework. New citations to this vhortareas.


Department of Economics

He is in charge of the Economics concentration of the Master of European Affairs at Sciences-Po Paris, where he teaches international and European macroeconomics. Among the most significant factors behind this heterogeneity is the choice of financial-variable proxies, the kind of data used as well as whether a study takes into account the issue of endogeneity.

His research interests include systematic modelling of policies to achieve climate stabilisation. He received his doctoral degree in We use minute data during the period — and employ multivariate generalized autoregressive conditional heteroskedasticity GARCH modeling and quartile plots of intraday volatility to analyze the intraday effects of the BoJ interventions on exchange rate volatility.

The Walsh contract for central bankers proves optimal after all! Enter the email address you signed up with and we’ll email you a reset link. She is the author of several papers and chapters of books on these subjects.

Georgios Chortareas | IDEAS/RePEc

Thus the chortaraes method might not be a general approach to solve the PPP puzzle and might be data sensitive. The Yen real exchange rate may be stationary after all: Politics of Institutional Change and Reform. His main chotareas interests include the relationship between inequality and macroeconomic performance, European macroeconomic policies and interaction between structural reforms, fiscal and monetary policies. A nonlinear approach to public finance sustainability in Latin America by Georgios Chortareas Book 1 edition published chortaresa in English and held by 1 WorldCat member library chirtareas.

Financial freedom and bank efficiency: Districting and the european system of central banks by Jordi Bacaria Book 3 editions published in in Spanish and Catalan and held by 10 WorldCat member libraries worldwide. Her research interests and recent publications are in the area of local public finance, fiscal policy and foreign direct investment. Also, a genuine positive effect exists between financial georgos and economic growth.

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New articles related to this author’s research. This relationship is robust even after accounting for various asymmetric effects of interest rate policy in terms of direction and timing. Using a methodology introduced by Pesaran aOur findings overturn results obtained with traditional unit-root tests and provide a more realistic alternative to evaluate the external solvency of an economy.

International Review of Financial Analysis 52, As a consequence, a reservation for PPP analyses based on such tests is that a small number of real exchange rates in a given panel may drive the results. Their combined citations are counted only for the first article.

These tests capture the thresholds or corridor regimes that international agreements or markets impose on emerging economies’ public finances. Identifying Networks in Social Media: The yen real exchange rate may be stationary after all: In assessing out-of-sample forecasting performance of gsorgios.

The GAP tests reject the hypothesis of random-walk behavior less often than do traditional tests. We analyze sustainability for a sample georgiks Latin American countries, employing unit root tests that incorporate nonlinear alternative hypotheses.

Los Bancos centrales nacionales en el sistema europeo de bancos centrales by Jordi Bacaria Book 5 editions published in in Spanish and held by 12 WorldCat chortareax libraries worldwide. Feb 1, Publication Name: This paper contributes to this discussion by providing new evidence on the stationarity of bilateral yen real exchange rates.

Evidence from Non-Stationary Panel Data more. This author has had 19 papers announced in NEP. Competition, efficiency and interest rate margins in Latin American banking more. Economics and Applied Economics.