Details about Michael Arghyrou

Access statistics for papers by Michael Arghyrou.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: par104

Working Papers

2020

1. Exchange Rate Risk and Deviations from Purchasing Power Parity
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2019

2. Private bank deposits and macro/fiscal risk in the euro-area
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
   Also in CESifo Working Paper Series, CESifo (2019)

2017

3. "Whatever it takes" to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects
   CESifo Working Paper Series, CESifo View citations (2)
   Also in Essex Finance Centre Working Papers, University of Essex, Essex Business School (2017) View citations (2)
   Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa (2017) View citations (2)
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2017) View citations (3)
   See also Journal Article “Whatever it takes” to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects, Journal of International Money and Finance, Elsevier (2018) View citations (50) (2018)

2015

4. The Greek Crisis and Financial Assistance Programmes: An Evaluation
   CESifo Working Paper Series, CESifo
5. The determinants of sovereign bond yield spreads in the EMU
   Working Paper Series, European Central Bank View citations (42)
   Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2012) View citations (48)
   Working Papers, Business School - Economics, University of Glasgow (2012) View citations (46)
   Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa (2012) View citations (51)

2014

6. Is Greece Turning the Corner? A Theory-Based Assessment of Recent Greek Macro-Policy
   CESifo Working Paper Series, CESifo View citations (3)
   Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2014) View citations (3)

2013

7. On the time-varying relationship between EMU sovereign spreads and their determinants
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (3)
   Also in Working Papers, Business School - Economics, University of Glasgow (2013) View citations (2)
   Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa (2013) View citations (2)
   See also Journal Article On the time-varying relationship between EMU sovereign spreads and their determinants, Economic Modelling, Elsevier (2015) View citations (41) (2015)

2011

8. The EMU sovereign-debt crisis: Fundamentals, expectations and contagion
   European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (36)
   Also in SIRE Focus Papers, Scottish Institute for Research in Economics (SIRE) (2011) View citations (36)
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2010) View citations (40)
   Working Papers, Business School - Economics, University of Glasgow (2010) View citations (28)
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2010) View citations (31)
   See also Journal Article The EMU sovereign-debt crisis: Fundamentals, expectations and contagion, Journal of International Financial Markets, Institutions and Money, Elsevier (2012) View citations (265) (2012)
9. UK Fiscal Policy Sustainability, 1955-2006
   Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
   See also Journal Article UK FISCAL POLICY SUSTAINABILITY, 1955–2006, Manchester School, University of Manchester (2013) View citations (3) (2013)

2010

10. Corruption as a form of extreme individualism: An economic explanation based on geography and climate conditions
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
11. The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes
    CESifo Working Paper Series, CESifo View citations (26)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2010) View citations (15)
    See also Journal Article The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes, The World Economy, Wiley Blackwell (2011) View citations (91) (2011)
12. The Option Of Last Resort: A Two-Currency Emu
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (7)

2009

13. A new solution to the purchasing power parity puzzles? Risk-aversion, exchange rate uncertainty and the law of one price: Insights from the market of online air-travel tickets
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section
14. Exchange rate uncertainty and deviations from Purchasing Power Parity: Evidence from the G7 area
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section

2008

15. The single monetary policy and domestic macro-fundamentals: Evidence from Spain
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (5)
    Also in Documentos de Trabajo, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza (2008) View citations (5)
    See also Journal Article The single monetary policy and domestic macro-fundamentals: Evidence from Spain, Journal of Policy Modeling, Elsevier (2012) View citations (6) (2012)

2007

16. Do real interest rates converge? Evidence from the European Union
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (3)
    Also in Working Papers, Business School - Economics, University of Glasgow (2007) View citations (36)
    See also Journal Article Do real interest rates converge? Evidence from the European union, Journal of International Financial Markets, Institutions and Money, Elsevier (2009) View citations (53) (2009)

2006

17. Current Account Imbalances and Real Exchange Rates in the Euro Area
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (6)
    See also Journal Article Current Account Imbalances and Real Exchange Rates in the Euro Area*, Review of International Economics, Wiley Blackwell (2008) View citations (114) (2008)
18. Monetary policy before and after the euro: Evidence from Greece
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (2)
    See also Journal Article Monetary policy before and after the euro: evidence from Greece, Empirical Economics, Springer (2009) View citations (8) (2009)

2005

19. Beyond Purchasing Power Parity: Nominal exchange rates, output shocks and non linear/asymmetric equilibrium adjustment in Central Europe
    Money Macro and Finance (MMF) Research Group Conference 2005, Money Macro and Finance Research Group View citations (2)

2004

20. Debt Sustainability, Structural Breaks and Non-linear Fiscal Adjustment: A Testing Application to Greek Fiscal Policy
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
    Also in Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2004)
21. Non-linear and non-symmetric exchange-rate adjustment: new evidence from medium- and high-inflation economies
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group View citations (2)
22. Nonlinear inflation dynamics: evidence from the UK
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group View citations (1)

2003

23. Government Solvency: Revisiting some EMU Countries
    Royal Economic Society Annual Conference 2003, Royal Economic Society View citations (8)
    Also in Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2002)
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2002)
    See also Journal Article Government solvency: Revisiting some EMU countries, Journal of Macroeconomics, Elsevier (2007) View citations (43) (2007)
24. Non-linear Inflationary Dynamics: Evidence from the UK
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2003)
    See also Journal Article Non-linear inflationary dynamics: evidence from the UK, Oxford Economic Papers, Oxford University Press (2005) View citations (13) (2005)
25. Non-linear and non-symmetric exchange-rate adjustment:New evidence from medium- and high-inflation countries
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2003)

2002

26. COMPETITIVENESS AND THE EXTERNAL TRADE PERFORMANCE OF GREECE IN THE 1990s: A cross-sectoral investigation
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2002)

1999

27. Monetary Policy at the European Periphery. Greek Experience and Lessons for Transition Economies
    CERT Discussion Papers, Centre for Economic Reform and Transformation, Heriot Watt University View citations (3)

1998

28. EU Participation and the External Trade of Greece: An Appraisal of the Evidence
    Working Papers, Queen Mary University of London, School of Economics and Finance View citations (1)
    See also Journal Article EU participation and the external trade of Greece: an appraisal of the evidence, Applied Economics, Taylor & Francis Journals (2000) View citations (13) (2000)

1997

29. Casual Relationships Between Public Expenditure, Public Receipts and Gross Domestic Product: The Case of Greece
    Working Papers, Queen Mary University of London, School of Economics and Finance
30. Greece and the European Monetary Union: An Explorative Essay
    Working Papers, Queen Mary University of London, School of Economics and Finance

Journal Articles

2018

1. “Whatever it takes” to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects
   Journal of International Money and Finance, 2018, 86, (C), 1-30 View citations (50)
   See also Working Paper "Whatever it takes" to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects, CESifo Working Paper Series (2017) View citations (2) (2017)

2016

2. Inflation announcements and asymmetric exchange rate responses
   Journal of International Financial Markets, Institutions and Money, 2016, 40, (C), 80-84 View citations (7)
3. Institutional performance and ship registration
   Transportation Research Part E: Logistics and Transportation Review, 2016, 85, (C), 90-106 View citations (3)

2015

4. On Greek Crises, Growth, Market-access and Debt-forgiveness
   ifo DICE Report, 2015, 13, (01), 33-38
5. On the time-varying relationship between EMU sovereign spreads and their determinants
   Economic Modelling, 2015, 44, (C), 363-371 View citations (41)
   See also Working Paper On the time-varying relationship between EMU sovereign spreads and their determinants, SIRE Discussion Papers (2013) View citations (3) (2013)

2014

6. PRICING SOVEREIGN BOND RISK IN THE EUROPEAN MONETARY UNION AREA: AN EMPIRICAL INVESTIGATION
   International Journal of Finance & Economics, 2014, 19, (1), 49-56 View citations (38)

2013

7. UK FISCAL POLICY SUSTAINABILITY, 1955–2006
   Manchester School, 2013, 81, (6), 961-991 View citations (3)
   See also Working Paper UK Fiscal Policy Sustainability, 1955-2006, Cardiff Economics Working Papers (2011) View citations (3) (2011)

2012

8. The EMU sovereign-debt crisis: Fundamentals, expectations and contagion
   Journal of International Financial Markets, Institutions and Money, 2012, 22, (4), 658-677 View citations (265)
   See also Working Paper The EMU sovereign-debt crisis: Fundamentals, expectations and contagion, European Economy - Economic Papers 2008 - 2015 (2011) View citations (36) (2011)
9. The single monetary policy and domestic macro-fundamentals: Evidence from Spain
   Journal of Policy Modeling, 2012, 34, (1), 16-34 View citations (6)
   See also Working Paper The single monetary policy and domestic macro-fundamentals: Evidence from Spain, Cardiff Economics Working Papers (2008) View citations (5) (2008)

2011

10. Risk aversion, exchange-rate uncertainty, and the law of one price: insights from the market for online air-travel tickets
    Canadian Journal of Economics, 2011, 44, (3), 880-906 View citations (1)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2011, 44, (3), 880-906 (2011)
11. The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes
    The World Economy, 2011, 34, (2), 173-191 View citations (91)
    See also Working Paper The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes, CESifo Working Paper Series (2010) View citations (26) (2010)

2009

12. Do real interest rates converge? Evidence from the European union
    Journal of International Financial Markets, Institutions and Money, 2009, 19, (3), 447-460 View citations (53)
    See also Working Paper Do real interest rates converge? Evidence from the European Union, Cardiff Economics Working Papers (2007) View citations (3) (2007)
13. Introduction to the EEFS conference papers
    Journal of Policy Modeling, 2009, 31, (1), 131-132
14. Monetary policy before and after the euro: evidence from Greece
    Empirical Economics, 2009, 36, (3), 621-643 View citations (8)
    See also Working Paper Monetary policy before and after the euro: Evidence from Greece, Cardiff Economics Working Papers (2006) View citations (2) (2006)

2008

15. Current Account Imbalances and Real Exchange Rates in the Euro Area*
    Review of International Economics, 2008, 16, (4), 747-764 View citations (114)
    See also Working Paper Current Account Imbalances and Real Exchange Rates in the Euro Area, Cardiff Economics Working Papers (2006) View citations (6) (2006)
16. Non-linearity versus non-normality in real exchange rate dynamics
    Economics Letters, 2008, 100, (2), 200-203 View citations (5)

2007

17. Government solvency: Revisiting some EMU countries
    Journal of Macroeconomics, 2007, 29, (2), 387-410 View citations (43)
    See also Working Paper Government Solvency: Revisiting some EMU Countries, Royal Economic Society Annual Conference 2003 (2003) View citations (8) (2003)
18. Testing for Purchasing Power Parity correcting for non-normality using the wild bootstrap
    Economics Letters, 2007, 95, (2), 285-290 View citations (15)
19. The price effects of joining the euro: modelling the Greek experience using non-linear price-adjustment models
    Applied Economics, 2007, 39, (4), 493-503 View citations (5)

2006

20. Non-linear and non-symmetric exchange-rate adjustment: Evidence from medium- and high-inflation countries
    Journal of Economics and Finance, 2006, 30, (1), 38-56 View citations (1)

2005

21. Non-linear inflationary dynamics: evidence from the UK
    Oxford Economic Papers, 2005, 57, (1), 51-69 View citations (13)
    See also Working Paper Non-linear Inflationary Dynamics: Evidence from the UK, Public Policy Discussion Papers (2003) (2003)

2003

22. Competitiveness and the External Trade of Greece in the 1990s: A Cross-Sectoral Investigation
    Journal of Economic Integration, 2003, 18, 763-793 View citations (4)

2000

23. EU participation and the external trade of Greece: an appraisal of the evidence
    Applied Economics, 2000, 32, (2), 151-159 View citations (13)
    See also Working Paper EU Participation and the External Trade of Greece: An Appraisal of the Evidence, Working Papers (1998) View citations (1) (1998)
24. Public Expenditure and National Income: Time Series Evidence from Greece
    Ekonomia, 2000, 4, (2), 173-191 View citations (1)
    Also in Ekonomia, 2000, 4, (2), 173-191 (2000) View citations (1)

1998

25. Causal relationships between public expenditure, public receipts and gross domestic product: Greece 1965-95
    Applied Economics Letters, 1998, 5, (11), 727-731

Chapters

2015

1. From the Euro-Crisis to a New European Economic Architecture
   Palgrave Macmillan View citations (1)