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Risk diversification by European financial conglomerates

Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - 2005

We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...

Persistent link: https://www.econbiz.de/10011346454

Bank deregulation, competition and economic growth : the US free banking experience

Ager, Philipp; Spargoli, Fabrizio - 2013

We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our … empirical evidence indicates that states adopting free banking laws experienced an increase in output per capita compared to the …

Persistent link: https://www.econbiz.de/10010227307

Financial sector competition, service trade, and growth

Francois, Joseph F.; Eschenbach, Felix - 2002

We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We …

Persistent link: https://www.econbiz.de/10011327533

Insurance, entrepreneurial start-up, and performance

Ejrnæs, Mette; Hochgürtel, Stefan - 2014

Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start … up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is … UI choice process. Results show that the causal effect of insurance on the probability of starting up a venture is …

Persistent link: https://www.econbiz.de/10010259625

The risk-adjusted carbon price

Ploeg, Frederick van der; Bremer, Ton van den - 2021

sensitivity and the damage ratio, and correlated shocks. We identify prudence, insurance, and exposure effects, reproduce earlier …

Persistent link: https://www.econbiz.de/10012545108

What goes up sometimes stays up : shocks and institutions as determinants of unemployment persistence

Amisano, Gianni; Serati, Massimiliano - 2002

We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes so that our identification is not affected by the Faust...

Persistent link: https://www.econbiz.de/10011327831

What goes up sometimes stays up : shocks and institutions as determinants of unemployment persistence

Amisano, Gianni; Serati, Massimiliano - 2002

Persistent link: https://www.econbiz.de/10001718700

Do firms or workers drive the foreign acquisition wage premium?

Rösch, Marcus; Gerritse, Michiel; Karreman, Bas; Oort, … - 2022

We decompose the wage premium after foreign acquisitions of Dutch domestic firms into the constituent firm- and worker-level premia. Firm-level premia grow up to 3.5%, accounting for the majority of the acquisition premium. Worker-level premia by contrast, grow up to 1% and only materialize with...

Persistent link: https://www.econbiz.de/10012816934

Graded return-to-work as a stepping stone to full work resumption

Kools, Lieke; Koning, Pierre - 2018

There is increasing evidence that graded return-to-work is an effective tool for the rehabilitation of sick-listed workers. Still, little is known on the optimal timing and level of grading in return-to-work trajectories, as well as the allocation of trajectories across worker types. To fill...

Persistent link: https://www.econbiz.de/10011818267

Skill intensity in foreign trade and economic growth

Wörz, Julia - 2004

This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...

Persistent link: https://www.econbiz.de/10011335211