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Development assistance has been criticized for a lack of coordination between aid donors. This paper argues that competition for export markets and political support prevents donor countries from closer coordination of aid activities. To test these hypotheses, we perform logit and fractional...
Persistent link: https://www.econbiz.de/10013013681
European countries, namely the United Kingdom, Sweden, Switzerland, Denmark, and Norway. For this purpose, we use a structural …
Persistent link: https://www.econbiz.de/10010285721
Persistent link: https://www.econbiz.de/10010265298
largest in the US but insignificant in Italy and Slovenia. Trust in government has a negative effect on demand for … hypothesis, is also a significant correlate of preferences for redistribution, the effect being largest in Japan but small in the … effect is only significant in the US and Germany. Overall, the main theories that have been proposed to account for …
Persistent link: https://www.econbiz.de/10012588498
A contingent claims valuation model which allows to highlight the implications of program trading in spot markets for the pricing of European-style foreign currency options and for the volatility strike structure implicit in these contracts is devoloped. The curvature of the volatility strike...
Persistent link: https://www.econbiz.de/10010260624
The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...
Persistent link: https://www.econbiz.de/10010260460
bank lending. We are using a dataset on assets and liabilities of commercial banks from five countries (France, Germany …, Italy, UK, US) in up to 50 host countries for the years 1983 through 1998 to test this hypothesis. For the European banks …
Persistent link: https://www.econbiz.de/10010260464
analysis includes the experience of four major European countries: France, Italy, the United Kingdom and West Germany. These … countries are known for diverging performances. Germany has the highest real per capita income, the lowest inflation, and the … side of the spectrum is Italy, but this nation is in fact composed of three economies - a highly developed and rapidly …
Persistent link: https://www.econbiz.de/10010275202
We used a recursive modeling approach to study whether investors could, in real time, have used information on the comovement of stock markets to forecast stock returns in European stock markets for high-technology firms. We used weekly data on returns in the Neuer Markt, the Nouveau Marché,...
Persistent link: https://www.econbiz.de/10010260542
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10010260572