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International Economics Commons

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Full-Text Articles in International Economics

The Effects Of Oil Price Shocks On The Stock Market Returns In Developed Economies, Ian Zangrillo Jun 2017

The Effects Of Oil Price Shocks On The Stock Market Returns In Developed Economies, Ian Zangrillo

Honors Theses

This paper examines the effects of oil price shocks on stock returns in OECD countries specifically Canada France Germany Japan United Kingdom United States and Norway. The empirical method used is the vector autoregression (VAR) model where a generalized impulse response function is applied to the results of the VAR to determine how stock prices respond to a shock in oil prices. The VAR model uses quarterly data for the period 1994 to 2016 for the following variables: interest rates real GDP real stock returns real UK Brent crude oil and APSP crude oil index. To take into account structural ...


Optimum Currency Areas And The European Experience: An Examination Of Diverging Competitiveness Among Key Eu Nations, Karol Jablonski Jun 2017

Optimum Currency Areas And The European Experience: An Examination Of Diverging Competitiveness Among Key Eu Nations, Karol Jablonski

Honors Theses

Now in its 18th year of existence, the European single currency - 'the most daring act of integration since the launch of the European integration project' - is facing its biggest challenge yet. Greece, Portugal, and Ireland are still experiencing economic hardships, even after receiving substantial bailout packages in order to avoid defaulting on their debt. Italy and Spain - 'the third and fourth largest economies in the Eurozone' - are close behind, combining high public debts, large budget deficits, and low growth. Germany and France, considered the most robust economies of the Eurozone, are feeling the strain of supporting their weaker partners in ...