Economic Spillovers from the Euro Area to the CESEE Region via the Financial Channel : A GVAR Approach

  title={Economic Spillovers from the Euro Area to the CESEE Region via the Financial Channel : A GVAR Approach},
  author={Peter Back{\'e} and Martin Feldkircher and Tom{\'a}{\vs} Sla{\vc}{\'i}k},
  • Peter Backé, Martin Feldkircher, Tomáš Slačík
  • Published 2013
Central, Eastern and Southeastern Europe is strongly integrated with the euro area. Reaping the benefits of comparative advantages in production and in capital allocation, both trade links and financial ties have intensified over the past two decades. At the same time, the global financial crisis of 2007–2009 and the ensuing sovereign debt crisis in Europe have demonstrated the downside of the region’s strong exposure to the euro area. After the collapse of Lehman, the crisis spilled over to… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.

Explore Further: Topics Discussed in This Paper


Publications citing this paper.
Showing 1-2 of 2 extracted citations


Publications referenced by this paper.
Showing 1-10 of 16 references

Transition Report 2012 – Integration across borders

EBRD. (retrieved on June 14, 2013). • 2012
View 5 Excerpts
Highly Influenced

A Global macro model for Emerging Europe

M. Feldkircher
OeNB Working paper 185/2013. • 2013
View 4 Excerpts
Highly Influenced

The Rise of China and its Implications for Emerging markets – Evidence from a GVAR model

M. Feldkircher, I. Korhonen.
In: pacific Economic Review, forthcoming. • 2014

Spillover Report

ImF policy papers. (retrieved on June 14, 2013). • 2012
View 1 Excerpt

Spillover Report . ImF policy papers

K. Juselius

How do credit supply shocks propagate internationally? A GVAR approach

S. Eickmeier, T. Ng.
In: Deutsche Bundesbank Discussion paper Series 1: Economic Studies 27/2011. • 2011
View 1 Excerpt

Identifying the global transmission of the 2007–2009 financial crisis in a GVAR model

A. Chudik, M. Fratzscher.
In: European Economic Review 55(3). 325–339. • 2011
View 2 Excerpts

Regional Financial Spillovers Across Europe: A Global VAR Analysis

A. Galesi, S. Sgherri.
In: ImF Working papers 09/23. • 2009
View 1 Excerpt

Similar Papers

Loading similar papers…