Details about Heather D. Gibson

Workplace:

Bank of Greece, (more information at EDIRC)

Access statistics for papers by Heather D. Gibson.

Last updated 2024-03-07. Update your information in the RePEc Author Service.

Short-id: pgi92

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Working Papers

2020

1. A Suggestion for a Dynamic Multi Factor Model (DMFM)
   Working Papers, Bank of Greece
   See also Journal Article A SUGGESTION FOR A DYNAMIC MULTIFACTOR MODEL (DMFM), Macroeconomic Dynamics, Cambridge University Press (2022) (2022)
2. Did the absence of a central bank backstop in the sovereign bond markets exacerbate spillovers during the euro-area crisis?
   Working Papers, Bank of Greece View citations (1)
3. The economic impact of pandemics: real and financial transmission channels
   Working Papers, Bank of Greece View citations (5)
4. The effect of Emergency Liquidity Assistance (ELA) on bank lending during the euro area crisis
   Working Papers, Bank of Greece View citations (1)
   Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2019) View citations (3)
   See also Journal Article The effect of emergency liquidity assistance (ELA) on bank lending during the euro area crisis, Journal of International Money and Finance, Elsevier (2020) View citations (1) (2020)

2019

5. Conditionality and design of IMF-supported programmes
   Occasional Paper Series, European Central Bank
6. On the Effects of the ECB’s Funding Policies on Bank Lending and the Demand for the Euro as an International Reserve
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in Working Papers, Bank of Greece (2019)

2017

7. Exporting and performance: evidence from Greek firms
   Working Papers, Bank of Greece View citations (10)
   See also Journal Article Exporting and performance:evidence from Greek firms, Economic Bulletin, Bank of Greece (2017) View citations (1) (2017)

2016

8. A Method for Measuring Treatment Effects on the Treated without Randomization
   Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (4)
   See also Journal Article A Method for Measuring Treatment Effects on the Treated without Randomization, Econometrics, MDPI (2016) View citations (4) (2016)
9. Firm investment and financial conditions in the euro area: evidence from firm-level data
   Working Papers, Bank of Greece View citations (9)
   See also Journal Article Firm investment and financial conditions in the euro area: evidence from firm-level data, Applied Economics Letters, Taylor & Francis Journals (2019) View citations (2) (2019)
10. Measuring Systemic Stress in European Banking Systems*
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)
11. Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis*
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)
    Also in Working Papers, Bank of Greece (2016) View citations (1)
    See also Journal Article Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis, Journal of International Money and Finance, Elsevier (2017) View citations (26) (2017)

2015

12. Financial conditions and economic activity: the potential impact of the targeted longer-term refinancing operations (TLTROS)
    Working Papers, Bank of Greece View citations (7)
    See also Journal Article Financial conditions and economic activity: the potential impact of the targeted long-term refinancing operations (TLTROs), Applied Economics Letters, Taylor & Francis Journals (2016) View citations (27) (2016)
13. How the Euro-Area Sovereign-Debt Crisis Led to a Collapse in Bank Equity Prices
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester
    Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2014)
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2015)
    See also Journal Article How the euro-area sovereign-debt crisis led to a collapse in bank equity prices, Journal of Financial Stability, Elsevier (2016) View citations (15) (2016)
14. The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012
    Working Papers, Bank of Greece View citations (1)
    Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2015)
    See also Journal Article The effectiveness of the ECB's asset purchase programs of 2009 to 2012, Journal of Macroeconomics, Elsevier (2016) View citations (41) (2016)

2014

15. Are All Sovereigns Equal? A Test of the Common Determination of Sovereign Spreads in the Euro Area
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester
    See also Journal Article Are all sovereigns equal? A test of the common determination of sovereign spreads in the euro area, Empirical Economics, Springer (2015) View citations (9) (2015)
16. Doom-loops: The Role of Rating Agencies in the Euro Financial Crisis
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (1)

2013

17. Building a financial conditions index for the euro area and selected euro area countries: what does it tell us about the crisis?
    Working Paper Series, European Central Bank View citations (12)
    Also in Working Papers, Bank of Greece (2012) View citations (4)
    See also Journal Article Building a financial conditions index for the euro area and selected euro area countries: What does it tell us about the crisis?, Economic Modelling, Elsevier (2014) View citations (16) (2014)
18. FUNDAMENTALLY WRONG: MARKET PRICING OF SOVEREIGNS AND THE GREEK FINANCIAL CRISIS
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (3)
    Also in Special Conference Papers, Bank of Greece (2013) View citations (9)
    See also Journal Article Fundamentally Wrong: Market Pricing of Sovereigns and the Greek Financial Crisis, Journal of Macroeconomics, Elsevier (2014) View citations (39) (2014)
19. The crisis in the euro area: an analytic overview
    Special Conference Papers, Bank of Greece View citations (15)
    See also Journal Article The Crisis in the Euro Area: An Analytic Overview, Journal of Macroeconomics, Elsevier (2014) View citations (16) (2014)

2011

20. The Greek financial crisis: growing imbalances and sovereign spreads
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester View citations (20)
    Also in Working Papers, Bank of Greece (2011) View citations (17)
    See also Journal Article The Greek financial crisis: Growing imbalances and sovereign spreads, Journal of International Money and Finance, Elsevier (2012) View citations (80) (2012)

2007

21. The Balance Sheet Channel of Monetary Policy Transmission: Evidence from the UK
    Working Papers, Bank of Greece View citations (15)
22. The Contribution of Sectoral Productivity Differentials to Inflation in Greece
    Working Papers, Business School - Economics, University of Glasgow View citations (16)
    Also in Working Papers, Bank of Greece (2007) View citations (1)
    See also Journal Article The Contribution of Sectoral Productivity Differentials to Inflation in Greece, Open Economies Review, Springer (2008) View citations (9) (2008)

2006

23. Capital Flows, Capital Account Liberalisation and the Mediterranean Countries
    Working Papers, Bank of Greece View citations (9)

2003

24. Capital Flows and Speculative Attacks in Prospective EU Member States
    Working Papers, Bank of Greece View citations (5)
    See also Journal Article Capital flows and speculative attacks in prospective EU member states, The Economics of Transition, The European Bank for Reconstruction and Development (2004) View citations (14) (2004)

2001

25. Greek Banking at the Dawn of the New Millennium
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (52)

1999

26. Is Attack the Best form of Defence? A Competing Risks Analysis of Acquisition Activity in the UK
    Studies in Economics, School of Economics, University of Kent View citations (2)
    See also Journal Article Is attack the best form of defence? A competing risks analysis of acquisition activity in the UK, Cambridge Journal of Economics, Cambridge Political Economy Society (2003) View citations (9) (2003)

1998

27. Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s
    Studies in Economics, School of Economics, University of Kent View citations (2)
    See also Journal Article Takeover risk and the market for corporate control: the experience of British firms in the 1970s and 1980s, International Journal of Industrial Organization, Elsevier (2002) View citations (11) (2002)

1997

28. A Unifying Framework for Analysing Offsetting Capital Flows and Sterilisation
    Athens University of Economics and Business, Athens University of Economics and Business, Department of International and European Economic Studies View citations (2)
    Also in DEOS Working Papers, Athens University of Economics and Business (1997)
    See also Journal Article A Unifying Framework for Analysing Offsetting Capital Flows and Sterilization: Germany and the ERM, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2002) View citations (16) (2002)
29. Deterring Takeover: Evidence from a Large Panel of UK Firms
    Studies in Economics, School of Economics, University of Kent View citations (47)

1996

30. Are Aggregate Consumption Relationships Similar Across the EU?
    Studies in Economics, School of Economics, University of Kent View citations (4)
31. Internal vs External Financing of Acquisitions: Do Managers Squander Retained Profits?
    Studies in Economics, School of Economics, University of Kent
    See also Journal Article Internal vs External Financing of Acquisitions: Do Managers Squander Retained Profits?, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2000) View citations (3) (2000)

1992

32. Financial Crises and the International Debt Problem
    Economics Series Working Papers, University of Oxford, Department of Economics

Journal Articles

2022

1. A SUGGESTION FOR A DYNAMIC MULTIFACTOR MODEL (DMFM)
   Macroeconomic Dynamics, 2022, 26, (6), 1423-1443
   See also Working Paper A Suggestion for a Dynamic Multi Factor Model (DMFM), Working Papers (2020) (2020)
2. An investigation into feedback and spatial relationships between banks’ share prices and sovereign bond spreads during the euro crisis
   Journal of Financial Stability, 2022, 63, (C) View citations (1)

2021

3. Cross-country spillovers of national financial markets and the effectiveness of ECB policies during the euro-area crisis
   Oxford Economic Papers, 2021, 73, (4), 1454-1470 View citations (2)

2020

4. A Monte Carlo Study of Time Varying Coefficient (TVC) Estimation
   Computational Economics, 2020, 56, (1), 115-130 View citations (1)
5. COVID-19 and other pandemics: a literature review for economists
   Economic Bulletin, 2020, (51), 36 View citations (14)
6. Nonlinear forecast combinations: An example using euro-area real GDP growth
   Journal of Economic Behavior & Organization, 2020, 180, (C), 579-589 View citations (1)
7. On the effects of the ECB’s funding policies on bank lending
   Journal of International Money and Finance, 2020, 102, (C)
8. The effect of emergency liquidity assistance (ELA) on bank lending during the euro area crisis
   Journal of International Money and Finance, 2020, 108, (C) View citations (1)
   See also Working Paper The effect of Emergency Liquidity Assistance (ELA) on bank lending during the euro area crisis, Working Papers (2020) View citations (1) (2020)

2019

9. Firm investment and financial conditions in the euro area: evidence from firm-level data
   Applied Economics Letters, 2019, 26, (2), 104-110 View citations (2)
   See also Working Paper Firm investment and financial conditions in the euro area: evidence from firm-level data, Working Papers (2016) View citations (9) (2016)
10. Greece's integration into global value chains
    Economic Bulletin, 2019, (50), 7-44

2018

11. Measuring systemic vulnerability in European banking systems
    Journal of Financial Stability, 2018, 36, (C), 279-292 View citations (7)
12. The macroeconomic and fiscal implications of inflation forecast errors
    Journal of Economic Dynamics and Control, 2018, 93, (C), 203-217

2017

13. A suggestion for constructing a large time-varying conditional covariance matrix
    Economics Letters, 2017, 156, (C), 110-113 View citations (7)
14. Exporting and performance:evidence from Greek firms
    Economic Bulletin, 2017, (45), 7-30 View citations (1)
    See also Working Paper Exporting and performance: evidence from Greek firms, Working Papers (2017) View citations (10) (2017)
15. Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis
    Journal of International Money and Finance, 2017, 73, (PB), 371-385 View citations (26)
    See also Working Paper Self-fulfilling dynamics: The interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis*, Discussion Papers in Economics (2016) View citations (1) (2016)

2016

16. A Method for Measuring Treatment Effects on the Treated without Randomization
    Econometrics, 2016, 4, (2), 1-23 View citations (4)
    See also Working Paper A Method for Measuring Treatment Effects on the Treated without Randomization, Discussion Papers in Economics (2016) View citations (4) (2016)
17. Financial conditions and economic activity: the potential impact of the targeted long-term refinancing operations (TLTROs)
    Applied Economics Letters, 2016, 23, (6), 449-456 View citations (27)
    See also Working Paper Financial conditions and economic activity: the potential impact of the targeted longer-term refinancing operations (TLTROS), Working Papers (2015) View citations (7) (2015)
18. How the euro-area sovereign-debt crisis led to a collapse in bank equity prices
    Journal of Financial Stability, 2016, 26, (C), 266-275 View citations (15)
    See also Working Paper How the Euro-Area Sovereign-Debt Crisis Led to a Collapse in Bank Equity Prices, Discussion Papers in Economics (2015) (2015)
19. The effectiveness of the ECB's asset purchase programs of 2009 to 2012
    Journal of Macroeconomics, 2016, 47, (PA), 45-57 View citations (41)
    See also Working Paper The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012, Working Papers (2015) View citations (1) (2015)

2015

20. Are all sovereigns equal? A test of the common determination of sovereign spreads in the euro area
    Empirical Economics, 2015, 48, (3), 939-949 View citations (9)
    See also Working Paper Are All Sovereigns Equal? A Test of the Common Determination of Sovereign Spreads in the Euro Area, Discussion Papers in Economics (2014) (2014)

2014

21. Building a financial conditions index for the euro area and selected euro area countries: What does it tell us about the crisis?
    Economic Modelling, 2014, 38, (C), 392-403 View citations (16)
    See also Working Paper Building a financial conditions index for the euro area and selected euro area countries: what does it tell us about the crisis?, Working Paper Series (2013) View citations (12) (2013)
22. Fundamentally Wrong: Market Pricing of Sovereigns and the Greek Financial Crisis
    Journal of Macroeconomics, 2014, 39, (PB), 405-419 View citations (39)
    See also Working Paper FUNDAMENTALLY WRONG: MARKET PRICING OF SOVEREIGNS AND THE GREEK FINANCIAL CRISIS, Discussion Papers in Economics (2013) View citations (3) (2013)
23. The Crisis in the Euro Area: An Analytic Overview
    Journal of Macroeconomics, 2014, 39, (PB), 233-239 View citations (16)
    See also Working Paper The crisis in the euro area: an analytic overview, Special Conference Papers (2013) View citations (15) (2013)

2012

24. The Greek financial crisis: Growing imbalances and sovereign spreads
    Journal of International Money and Finance, 2012, 31, (3), 498-516 View citations (80)
    See also Working Paper The Greek financial crisis: growing imbalances and sovereign spreads, Discussion Papers in Economics (2011) View citations (20) (2011)

2010

25. Competition, Innovation and Financial Crises: A Perspective on the Current Financial Market Turmoil
    Open Economies Review, 2010, 21, (1), 151-157
26. Inflation and Nominal Uncertainty: the case of Greece
    Economic Bulletin, 2010, (33), 63-78 View citations (38)
27. The determinants of retail petrol prices in Greece
    Economic Modelling, 2010, 27, (6), 1537-1542 View citations (17)
28. The impact of nominal and real uncertainty on macroeconomic aggregates in Greece
    Economic Bulletin, 2010, (34), 57-71 View citations (29)

2009

29. Power and Politics after Financial Crises: Rethinking Foreign Opportunism in Emerging Markets
    Journal of Development Studies, 2009, 45, (10), 1770-1772
30. The Balance Sheet Channel of Monetary Policy Transmission: Evidence from the United Kingdom
    Economica, 2009, 76, (304), 675-703 View citations (19)

2008

31. The Contribution of Sectoral Productivity Differentials to Inflation in Greece
    Open Economies Review, 2008, 19, (5), 629-650 View citations (9)
    See also Working Paper The Contribution of Sectoral Productivity Differentials to Inflation in Greece, Working Papers (2007) View citations (16) (2007)

2007

32. Capital Folws, capital account liberalisation and the southern Mediterranean countries
    Banca Nazionale del Lavoro Quarterly Review, 2007, 60, (241), 137-165 View citations (1)
    Also in BNL Quarterly Review, 2007, 60, (241), 137-165 (2007) View citations (1)

2005

33. EU Enlargement, ERM II and Lessons from the Southern European countries
    South-Eastern Europe Journal of Economics, 2005, 3, (1), 41-78 View citations (4)
34. Greek Banking Profitability: recent developments
    Economic Bulletin, 2005, (24), 7-25 View citations (41)

2004

35. Capital flows and speculative attacks in prospective EU member states
    The Economics of Transition, 2004, 12, (3), 559-586 View citations (14)
    See also Working Paper Capital Flows and Speculative Attacks in Prospective EU Member States, Working Papers (2003) View citations (5) (2003)

2003

36. Is attack the best form of defence? A competing risks analysis of acquisition activity in the UK
    Cambridge Journal of Economics, 2003, 27, (3), 337-357 View citations (9)
    See also Working Paper Is Attack the Best form of Defence? A Competing Risks Analysis of Acquisition Activity in the UK, Studies in Economics (1999) View citations (2) (1999)
37. Realignment probabilities and reputation effects in the EMS
    Oxford Economic Papers, 2003, 55, (2), 314-335 View citations (7)

2002

38. A Unifying Framework for Analysing Offsetting Capital Flows and Sterilization: Germany and the ERM
    International Journal of Finance & Economics, 2002, 7, (1), 63-78 View citations (16)
    See also Working Paper A Unifying Framework for Analysing Offsetting Capital Flows and Sterilisation, Athens University of Economics and Business (1997) View citations (2) (1997)
39. Takeover risk and the market for corporate control: the experience of British firms in the 1970s and 1980s
    International Journal of Industrial Organization, 2002, 20, (8), 1167-1195 View citations (11)
    See also Working Paper Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s, Studies in Economics (1998) View citations (2) (1998)

2001

40. Leading inflation indicators for Greece
    Economic Modelling, 2001, 18, (3), 325-348 View citations (29)

2000

41. Internal vs External Financing of Acquisitions: Do Managers Squander Retained Profits?
    Oxford Bulletin of Economics and Statistics, 2000, 62, (3), 417-431 View citations (3)
    See also Working Paper Internal vs External Financing of Acquisitions: Do Managers Squander Retained Profits?, Studies in Economics (1996) (1996)

1999

42. Are Aggregate Consumption Relationships Similar Across the European Union?
    Regional Studies, 1999, 33, (1), 17-26 View citations (10)

1998

43. Business Cycle Correspondence in the European Union
    Empirica, 1998, 25, (1), 49-75 View citations (38)
44. Takeover Risk and Dividend Strategy: A Study of UK Firms
    Journal of Industrial Economics, 1998, 46, (3), 281-300 View citations (14)

1997

45. The Impact of Acquisitions on Company Performance: Evidence from a Large Panel of UK Firms
    Oxford Economic Papers, 1997, 49, (3), 344-61 View citations (73)

1995

46. Short-Termism and Underinvestment: The Influence of Financial Systems
    The Manchester School of Economic & Social Studies, 1995, 63, (4), 351-67 View citations (2)

1993

47. Testing a Flow Model of Capital Flight in Five European Countries
    The Manchester School of Economic & Social Studies, 1993, 61, (2), 144-66 View citations (5)

1991

48. European Monetary Union and Macroeconomic Policy in Southern Europe: the Case for Positive Integration
    Journal of Public Policy, 1991, 11, (3), 249-273

Books

1992

1. Balance-of-Payments Theory and the United Kingdom Experience
   Palgrave Macmillan Books, Palgrave Macmillan View citations (9)

Edited books

2001

1. Economic Transformation, Democratization and Integration into the European Union
   Palgrave Macmillan Books, Palgrave Macmillan View citations (2)

Chapters

2018

1. Spreads and bank ratings in the Euro area sovereign debt crises
   Chapter 6 in Global Economic Modeling A Volume in Honor of Lawrence R. Klein, 2018, pp 112-145

2006

2. Narrowing the Options: The Macroeconomic and Financial Framework for EU Enlargement
   Chapter 11 in Growth and Economic Development, 2006

2003

3. Finance-industry relationships in Europe and the prospects for growth and convergence
   Chapter 6 in Globalisation, Regionalism and Economic Activity, 2003, pp 127-150

2001

4. Concluding Remarks
   Palgrave Macmillan
5. ERM-II: Problems for the ‘Outs' and their Relationship with the ‘Ins'
   Chapter 8 in European Monetary Integration, 2001
6. Economic Change in Southern Europe: Prospects for Convergence
   Palgrave Macmillan
7. The Changing Role of Finance in Southern European Economies: Will There be an Improvement in Economic Performance?
   Palgrave Macmillan

1992

8. A History of the UK Balance of Payments
   Palgrave Macmillan View citations (2)
9. Balance-of-Payments Accounting and the Foreign-Exchange Market
   Palgrave Macmillan
10. Deindustrialisation and the Balance of Payments
    Palgrave Macmillan
11. Exchange Rate Determination
    Palgrave Macmillan
12. Export Functions
    Palgrave Macmillan
    Also in Palgrave Macmillan (1992)
13. Export-led Growth
    Palgrave Macmillan View citations (6)
14. Simultaneous Internal and External Balance
    Palgrave Macmillan
15. The Absorption Approach to the Balance of Payments
    Palgrave Macmillan
16. The Balance of Payments and the National Economy
    Palgrave Macmillan View citations (1)
17. The Balance of Payments as a Structural Problem
    Palgrave Macmillan
18. The Balance-of-Payments Equilibrium Growth Rate
    Palgrave Macmillan
19. The Capital Account of the Balance of Payments
    Palgrave Macmillan
20. The Elasticity Approach to the Balance of Payments
    Palgrave Macmillan
21. The Monetary Approach to the Balance of Payments
    Palgrave Macmillan