Cross-border workers and financial instability : a frequency domain causality analysis applied to the Luxembourg financial centre - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue Applied Economics Letters Année : 2019

Cross-border workers and financial instability : a frequency domain causality analysis applied to the Luxembourg financial centre

Résumé

This paper aims to examine the causal relationship between workers (cross-border and resident workers) and financial instability in the Luxembourg financial centre, using a Granger causality test in the frequency domain. The evidence shows that cross-border workers are more sensitive to financial shocks than resident workers. In addition to the causal relationship there is a ‘nonlinear’ reaction: one smooth in the short term and a second more structural one in the long term.
Fichier non déposé

Dates et versions

halshs-02131186 , version 1 (16-05-2019)

Identifiants

Citer

Vincent Fromentin, Yamina Tadjeddine. Cross-border workers and financial instability : a frequency domain causality analysis applied to the Luxembourg financial centre. Applied Economics Letters, 2019, pp.280-285. ⟨10.1080/13504851.2019.1613496⟩. ⟨halshs-02131186⟩
61 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Mastodon Facebook X LinkedIn More