Showing 1 - 10 of 55
I estimate a two-equation system on the euro-Czech koruna exchange rate and order flow at hourly frequency within the framework of Evans-Lyons (JME 2002). I use transac-tions data from the Reuters Spot Matching market in the second half of 2002, during which the Czech National Bank conducted...
Persistent link: https://www.econbiz.de/10005196847
The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even though market overreaction and herding caused the plunge of exchange rates, asset prices and economic activity to be more...
Persistent link: https://www.econbiz.de/10005111544
) while it does not affect the export status of the enterprises not engaging in FDI. Second, the probability of a firm …
Persistent link: https://www.econbiz.de/10011105118
The study analyses wage adjustment by Italian firms on the basis of information collected through a coordinated survey carried out in 17 European countries in two waves (at the beginning of 2008 and in the summer of 2009). The pre-crisis evidence indicates that the degree of wage rigidity is...
Persistent link: https://www.econbiz.de/10009147375
This paper analyses respondents' behaviour when reporting their income sources in sample surveys and presents a method to deal with response error. Survey data relating to the number of earning recipients and to amounts received are validated using external information from administrative and...
Persistent link: https://www.econbiz.de/10008692065
I examine the effect of reducing export tariffs on the productivity of domestic suppliers of exporting firms. Using a … of Korea, I show that the average reduction in the export tariff of downstream industries (1.1 percentage points … pay higher wages to skilled workers. These findings are consistent with a simple model in which lower export tariffs …
Persistent link: https://www.econbiz.de/10011103312
This work compares cooperatives with other firms along two lines: (1) a description of structural development; and (2) a comparison of the strategies in response to the changes in the competitive environment in the last decade. Between 2001 and 2009, compared with other types of firms, Italian...
Persistent link: https://www.econbiz.de/10009654305
This paper presents new evidence on the patterns of price and wage adjustment in European firms and on the extent of nominal rigidities. It uses a unique dataset collected through a firm-level survey conducted in a broad range of countries and covering various sectors. Several conclusions are...
Persistent link: https://www.econbiz.de/10008527061
The paper offers theoretical and empirical insights into the links between banks and firms in industrial districts ans to the way way investment is financed. The conclusion is that the rise of district banking localism cannot be taken for granted and that industrial districts do not seem...
Persistent link: https://www.econbiz.de/10005780683