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

Vincent Fromentin () and Yamina Tadjeddine

Applied Economics Letters, 2020, vol. 27, issue 4, 280-285

Abstract: 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.

Date: 2020
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Related works:
Working Paper: Cross-border workers and financial instability: a frequency domain causality analysis applied to the Luxembourg financial centre (2019)
Working Paper: Cross-border Workers and Financial Instability: A Frequency Domain Causality Analysis Applied to the Luxembourg Financial Center (2018)
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DOI: 10.1080/13504851.2019.1613496

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