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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.
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Dates et versions

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

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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⟩
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