Narrow search
Showing 1 - 10 of 31
Cover Image
Bad Bank(s) and Recapitalization of the Banking Sector
Schäfer, Dorothea; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009
, the government would bear responsibility for the management and future resale of toxic assets at its own cost and …
Persistent link: https://www.econbiz.de/10008632733
Cover Image
Venture Capital Investment and Labor Market Performance: New Empirical Evidence for OECD Countries
Belke, Ansgar; Schaal, Andreas - Institute for the Study of Labor (IZA) - 2004
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role … models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial …
Persistent link: https://www.econbiz.de/10005822244
Cover Image
The Macroeconomics of Labor and Credit Market Imperfections
Wasmer, Etienne; Weil, Philippe - Institute for the Study of Labor (IZA) - 2000
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
Persistent link: https://www.econbiz.de/10005822324
Cover Image
The Wider Economic Impacts of High-Skilled Migrants: A Survey of the Literature
Nathan, Max - Institute for the Study of Labor (IZA) - 2013
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...
Persistent link: https://www.econbiz.de/10010796455
Cover Image
A Primer on Financial Contagion
Pericoli, Marcello; Sbracia, Massimo - Banca d'Italia - 2001
transmitted across countries, without assuming market imperfections or DG KRF portfolio management rules. Finally, tracking our …
Persistent link: https://www.econbiz.de/10005609346
Cover Image
An indicator of systemic liquidity risk in the Italian financial markets
Iachini, Eleonora; Nobili, Stefano - Banca d'Italia - 2014
This paper introduces a coincident indicator of systemic liquidity risk in the Italian financial markets. In order to take account of the systemic dimension of liquidity stress, standard portfolio theory is used. Three sub-indices, that reflect liquidity stress in specific market segments, are...
Persistent link: https://www.econbiz.de/10011100385
Cover Image
Correlation Analysis of Financial Contagion: What One Should Know before Running a Test
Corsetti, Giancarlo; Pericoli, Marcello; Sbracia, Massimo - Banca d'Italia - 2001
This paper presents a general test of contagion in financial markets based on bivariate correlation analysis � a test that can be interpreted as an extension of the normal correlation theorem. Contagion is defined as a structural break in the data generating process of rates of return....
Persistent link: https://www.econbiz.de/10005467302
Cover Image
The tax system and the financial crisis
Ceriani, Vieri; Manestra, Stefano; Ricotti, Giacomo; … - Banca d'Italia - 2011
may have contributed to the financial crisis by creating some of the raw materials for the securitization industry. Second …, a narrow perspective on the tax treatment, together with specific provisions, may have fostered performance … securitization process, which played a key role in the outbreak of the financial crisis, was accompanied by opportunities for tax …
Persistent link: https://www.econbiz.de/10008835086
Cover Image
Detecting Mortgage Delinquencies
Askitas, Nikos; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011
Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for "hardship letter" from Google Insights to detect ensuing mortgage delinquencies. Such...
Persistent link: https://www.econbiz.de/10009225764
Cover Image
The interbank market after the financial turmoil: squeezing liquidity in a "lemons market" or asking liquidity "on tap"
Socio, Antonio De - Banca d'Italia - 2011
After August 2007 the plumbing system that supplied banks with wholesale funding, the interbank market, failed because toxic assets obstructed the pipes. Banks were forced to squeeze liquidity in a �lemons market� or to ask for liquidity �on tap� from central banks. This...
Persistent link: https://www.econbiz.de/10009320176