riskirahoittajien kannalta. Tutkimus on Tekesin Neobio-ohjelman rahoittama. Tutkimuksen kysymyksenaset- telu on saanut vaikutteita EU … keskisuuren yrityksen määritelmä noudatti nykyistä EU:n määritelmää 3 . Kaksi ta- pausta muodosti kuitenkin poikkeuksen: ne …. 3 EU:n komission pienten- ja keskisuurten (pk-) yritysten määritelmän (2003/361/EY) mukaan pk- yritykseksi luetaan …

Eu originate more directly from cash flows of foreign sales and assets. More foreign busi suggest a stronger sensitivity … of the market portfolio in country j, and D Eu- rrors are corrected analyzed by region uartiles according to their … volatile after 1999 for firms in the Euro area, in Non-Euro Eu Europe. 3 The portfolio of Euro area stocks increases from 1 …

economic pyramid (Prahalad and Hammond 2002). .......... 10 Exhibit 2-3. EU 15 chemical industry consumption structure. % of …). ...................................................................................................................... 40 Exhibit 2-5. Extra-EU chemicals trade flows with major geographic blocs in 2006 (in EUR billion). Source: Cefic (2007a … the EU (EU15) chemical industry 2006. Source: Cefic (2007a …

der EU .................................................. 35 Abbildung 3-17: Markanteile der Beschichtungshersteller in … der EU 2003-2004 ................................ 35 Abbildung 4-1: Ausgewählte Luftemissionen durch den Materialeinsatz …

) and minimum bid rate (bold line) in percentage points. Left scale: Spread between Eu- ribor and minimum bid rate (policy … points. Left scale: OIS spread de ned as spread between Eu- ribor 1 month and Eonia swap rate 1 month (expectations- adjusted …

PAPER SERIES NO 1027 / MARCH 2009 This paper can be downloaded without charge from http://www.ecb.europa.eu or from the …, Kaiserstrasse 29, D-60311, Frankfurt am Main, Germany; e-mail: Luca.Benati@ecb.europa.eu © European Central Bank, 2009 Address … +49 69 1344 0 Website http://www.ecb.europa.eu Fax +49 69 1344 6000 All rights reserved. Any reproduction …

PAPERSERIES NO 1038 / MARCH 2009 WORKING PAPER SERIES NO 1038 / MARCH 2009 This paper can be downloaded without charge from http://www.ecb.europa.eu … Main, Germany; e-mail: Luca.Benati@ecb.europa.eu © European Central Bank, 2009 Address Kaiserstrasse 29 60311 Frankfurt … http://www.ecb.europa.eu Fax +49 69 1344 6000 All rights reserved. Any reproduction, publication and reprint in the …

. Basis to calibrate this ratio is di� cult to �nd. Even for the US and EU economies, evidence does not suggest basis for a … value of 0.42 for a model including �ve countries of the EU. For the US some estimates are due to Peersman and Smets (1999 …

channels. Note that the marginal return to formal search involves terms associated with the gain from job finding, ()EU … first term in (5) is positive since /0U  and thus ()/0EU  . Intensified monitoring would thus tend to increase …

either B could not be a basis, or we could write eT as a linear combination of the elements eS with S ∈ B without using eU …, which would violate the uniqueness of the coefficients. Consequently, D is a basis and U is a neighbor of D. Since eU = 1λ …