Michael Fidora

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

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SCHOLARLY PAPERS

14

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95

Scholarly Papers (14)

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1.

The Impact of Sovereign Wealth Funds on Global Financial Markets

ECB Occasional Paper No. 91
Number of pages: 32 Posted: 03 Jul 2008 Last Revised: 17 Nov 2021
Roland Beck and Michael Fidora
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 1,766 (21,468)
Citation 30

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Sovereign wealth funds, capital flows, foreign exchange reserves, financial markets

2.

Global Liquidity Glut or Global Savings Glut? A Structural VAR Approach

ECB Working Paper No. 911
Number of pages: 29 Posted: 01 Jul 2008
Thierry Bracke and Michael Fidora
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 489 (125,998)
Citation 8

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Global imbalances, global liquidity, savings glut, investment drought, current account, structural VARs

3.

Home Bias in Global Bond and Equity Markets: The Role of Real Exchange Rate Volatility

ECB Working Paper No. 685
Number of pages: 48 Posted: 07 Nov 2006
Michael Fidora, Marcel Fratzscher and Christian Thimann
European Central Bank (ECB), DIW Berlin and AXA Group
Downloads 378 (169,859)
Citation 8

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home bias, exchange rate volatility, risk, portfolio investment, global financial

4.

A Framework for Assessing Global Imbalances

ECB Occasional Paper No. 78
Number of pages: 53 Posted: 25 Jan 2008
Thierry Bracke, Matthieu Bussière, Michael Fidora and Roland Straub
European Central Bank (ECB), Banque de France, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 280 (234,853)

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Global imbalances, current account, incomplete financial globalisation, structural factors, cyclical factors.

5.

Real Exchange Rate Misalignments in the Euro Area

Downloads 230 (285,980)
Citation 27

Real Exchange Rate Misalignments in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1162
Number of pages: 70 Posted: 22 Feb 2018
Michael Fidora, Claire Giordano and Martin Schmitz
European Central Bank (ECB), Bank of Italy and European Central Bank (ECB)
Downloads 161 (396,630)
Citation 27

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Real effective exchange rate, equilibrium exchange rate, monetary union, regulation

Real Exchange Rate Misalignments in the Euro Area

ECB Working Paper No. 2108
Number of pages: 56 Posted: 10 Nov 2017
Michael Fidora, Claire Giordano and Martin Schmitz
European Central Bank (ECB), Bank of Italy and European Central Bank (ECB)
Downloads 69 (730,138)

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Real Effective Exchange Rate, Equilibrium Exchange Rate, Monetary Union, Regulation

6.

Energy Markets and the Euro Area Macroeconomy

ECB Occasional Paper No. 113
Number of pages: 132 Posted: 20 Jun 2010
Rolf Strauch, Aidan Meyler, Roland Beck, Agostino Consolo, Riccardo Costantini, Michael Fidora, Luca Gattini, Bettina Landau, Ana Lima, David Lodge, Marco J. Lombardi, Ricardo Mestre, Matthias F. Mohr, Moreno Roma, Frauke Skudelny, Michal Slavik, Martin Spitzer, Melina A. Vasardani, David Cornille, Ulf D. Slopek, Laura E. Weymes, Zacharias Bragoudakis, Anton Nakov, Erwan Gautier, Delphine Irac, Ivan Faiella, Lena Cleanthous, Fabrizio Venditti, Guido Schotten, Andreas Breitenfellner, Christin Hartmann, Mariam Abdel-Malek and María de los Llanos Matea
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bocconi University, affiliation not provided to SSRN, European Central Bank (ECB), European Union - European Investment Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank for International Settlements (BIS) - Monetary and Economic Department, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), National Bank of Belgium, Deutsche Bundesbank, affiliation not provided to SSRN, Bank of Greece, European Central Bank (ECB)CEPR, Banque de France - Centre de Recherche, Banque de France, Bank of Italy, affiliation not provided to SSRN, Bank of Italy, Dutch Central Bank (DNB), Oesterreichische Nationalbank (OeNB), affiliation not provided to SSRN, affiliation not provided to SSRN and Banco de España
Downloads 222 (295,789)
Citation 1

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7.

International Capital Flows at the Security Level - Evidence from the ECB's Asset Purchase Programme

Downloads 168 (382,146)
Citation 5

International Capital Flows at the Security Level - Evidence from the ECB's Asset Purchase Programme

IMF Working Paper No. 20/46
Number of pages: 47 Posted: 20 Apr 2020
Katharina Bergant, Michael Fidora and Martin Schmitz
International Monetary Fund, Research Department, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 89 (627,523)
Citation 2

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Financial and Monetary Sector, Financial crises, Debt securities, Mutual funds, Economic policy, International investment patterns, capital flows, sovereign debt, investorheterogeneity, quantitative easing, WP, PSPP, euro area, debt security, rebalance, MFIs

International Capital Flows at the Security Level: Evidence from the ECB's Asset Purchase Programme

ECB Working Paper No. 2388
Number of pages: 44 Posted: 07 Apr 2020
Michael Fidora, Martin Schmitz and Katharina Bergant
European Central Bank (ECB), European Central Bank (ECB) and International Monetary Fund, Research Department
Downloads 79 (675,345)
Citation 3

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capital flows, international investment patterns, investor heterogeneity, quantitative easing, sovereign debt

8.

Revisting the Effective Exchange Rates of the Euro

ECB Occasional Paper No. 134
Number of pages: 39 Posted: 07 Jul 2012
Martin Schmitz, Maarten De Clercq, Michael Fidora, Bernadette Lauro and Cristina Pinheiro
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), affiliation not provided to SSRN and European Central Bank (ECB)
Downloads 145 (432,555)
Citation 8

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competitiveness, effective exchange rate (EER), harmonised competitiveness indicator (HCI), nominal effective exchange rate (NEER), real effective exchange rate (REER), trade weights

9.

External Imbalances and the US Current Account: How Supply-Side Changes Affect an Exchange Rate Adjustment

ECB Working Paper No. 761
Number of pages: 43 Posted: 28 Jun 2007
Philipp Engler, Michael Fidora and Christian Thimann
International Monetary Fund (IMF), European Central Bank (ECB) and AXA Group
Downloads 128 (478,154)

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Global imbalances, US current account deficit, dollar adjustment, sectoral

10.

The Impact of Global Value Chains on the Euro Area Economy

ECB Occasional Paper No. 221 (2019); ISBN 978-92-899-3686-6
Number of pages: 121 Posted: 03 May 2019
Ettore Dorrucci, Vanessa Gunnella, Alexander Al-Haschimi, Konstantins Benkovskis, Francesco Chiacchio, Francois de Soyres, Benedetta Di Lupidio, Michael Fidora, Sebastian Franco-Bedoya, Erik Frohm, Katerina Gradeva, Paloma Lopez-Garcia, Gerrit Koester, Christiane Nickel, Chiara Osbat, Elena Pavlova, Martin Schmitz, Joachim Schroth, Frauke Skudelny, Alex Tagliabracci, Elena Vaccarino and Julia Wörz
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Latvia, European Central Bank (ECB), Board of Governors of the Federal Reserve System, European Central Bank (ECB), European Central Bank (ECB), World Bank, OECD, Goethe University Frankfurt, European Central Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Union - European Commission, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Italy, Frontier Economics and Oesterreichische Nationalbank (OeNB)
Downloads 96 (591,344)
Citation 3

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international trade, global value chains, vertical specialisation, international interlinkages, euro area

11.

Using the Global Dimension to Identify Shocks with Sign Restrictions

ECB Working Paper No. 1318
Number of pages: 27 Posted: 11 Apr 2011
Alexander Chudik and Michael Fidora
Federal Reserve Banks - Federal Reserve Bank of Dallas and European Central Bank (ECB)
Downloads 91 (611,516)

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Identification of shocks, sign restrictions, VAR, global VAR, oil shocks

12.

Sudden Stops and Asset Purchase Programmes in the Euro Area

ECB Working Paper No. 2021/2597
Number of pages: 46 Posted: 07 Oct 2021
Josefina Fabiani, Michael Fidora, Ralph Setzer, Andreas Westphal and Nico Zorell
The University of Manchester, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 78 (670,645)
Citation 1

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ECB asset purchase programmes, financial flows, monetary policy, sudden stops

13.

Capital Inflows and Euro Area Long-Term Interest Rates

ECB Working Paper No. 1798
Number of pages: 42 Posted: 26 Aug 2015
Daniel Carvalho and Michael Fidora
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 69 (717,893)
Citation 1

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Capital flows; long-term interest rates, ECB

14.

Reducing Large Net Foreign Liabilities

ECB Working Paper No. 2074
Number of pages: 37 Posted: 14 Jun 2017
Michael Fidora, Martin Schmitz and Céline Tcheng
European Central Bank (ECB), European Central Bank (ECB) and Banque de France
Downloads 35 (980,063)
Citation 3

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Net Foreign Assets, External Imbalances, Stock Imbalances, External Adjustment, Valuation Effects