M
Marcel Fratzscher
Researcher at German Institute for Economic Research
Publications - 254
Citations - 16754
Marcel Fratzscher is an academic researcher from German Institute for Economic Research. The author has contributed to research in topics: Monetary policy & Financial market. The author has an hindex of 72, co-authored 253 publications receiving 15316 citations. Previous affiliations of Marcel Fratzscher include Humboldt State University & European Central Bank.
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Financial Openness and Growth: Short‐run Gain, Long‐run Pain?*
TL;DR: In this article, the authors argue that a key reason for the elusive evidence is the presence of a time-varying relationship between openness and growth: countries tend to gain in the short term, immediately following capital account liberalization, but may not grow faster or even experience temporary growth reversals in the medium to long term.
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The pecking order of cross-border investment
TL;DR: In this paper, the authors focus on two key determinants of cross-border investment in that countries become financially integrated through some types of investment rather than others, and find that in particular FDI and to some extent also loans, are substantially more sensitive to information frictions than investment in portfolio equity and debt securities.
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On the International Spillovers of US Quantitative Easing
TL;DR: In this article, the effects of the Federal Reserve's quantitative easing (QE) on global portfolio flows, differentiating across recipient region of the flows, type of flow and QE rounds, are analyzed.
Posted Content
On Currency Crises and Contagion
TL;DR: This paper analyzed the role of contagion in the currency crises in emerging markets during the 1990s and found that contagion, i.e. a high degree of real integration and financial interdependence among countries, is a core explanation for recent emerging market crises.
Posted Content
Exchange Rates and Fundamentals: New Evidence from Real-time Data
TL;DR: The authors analyzed the link between economic fundamentals and exchange rates by investigating the importance of real-time data and found that such economic news in the United States, Germany and the euro area have indeed been a driving force behind daily US dollar - euro/DEM exchange rate developments in the period 1993-2003.