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Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model
Ding, Yuan; Richard, Jacques; Stolowy, Hervé - HAL - 2008
The objective of this paper is to illustrate that the change in shareholders' attitude towards firms (from stakeholder model to shareholder model) influences the accounting treatments of goodwill. Our study is based on four countries (Great Britain, the United States, Germany, and France) and...
Persistent link: https://www.econbiz.de/10009151311
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Why is the gender wage gap in Japan so large compared with France? : a comparison based on decomposition analysis
Hori, Haruhiko; Nohara, Hiroatsu - HAL - 2006
countries : France, an industrialized country where the disparities between sexes are outstandingly small, and Japan, where they … are particularly large. It is also proposed to explore the reasons why the male/female wage gap is so large in Japan in … markets in Japan and France. When it comes to the gender wage gaps, it is necessary to take the general structure of wages and …
Persistent link: https://www.econbiz.de/10008790464
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Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward
Borio, Claudio - Bank for International Settlements (BIS) - 2011
The recent financial crisis has triggered a major rethink of analytical approaches and policy towards financial stability. The crisis has encouraged a sharper focus on systemic risk, the inclusion of a financial sector in macroeconomic models, a shift from a microprudential to a macroprudential...
Persistent link: https://www.econbiz.de/10009320630
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Outside versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Economies
Berentsen, Aleksander; Waller, Christopher - CESifo - 2010
When agents are liquidity constrained, two options exist — sell assets or borrow. We compare the allocations arising in …
Persistent link: https://www.econbiz.de/10008799751
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Transition to Equilibrium in International Trades
Giraud, Gaël; Rochon, Céline - HAL - 2010
Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …
Persistent link: https://www.econbiz.de/10010635004
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Monetary policy, risk-taking channel and income structure: an empirical assessment of the French banking system
Eid, Samer - HAL - 2011
of assets, income and cash flows, or the abundant liquidity at a low cost. This paper studies the risk behavior of the …
Persistent link: https://www.econbiz.de/10010898454
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The financial turmoil of 2007-?: a preliminary assessment and some policy considerations
Borio, Claudio - Bank for International Settlements (BIS) - 2008
The unfolding financial turmoil in mature economies has prompted the official and private sectors to reconsider policies, business models and risk management practices. Regardless of its future evolution, it already threatens to become one of the defining economic moments of the 21st century....
Persistent link: https://www.econbiz.de/10005127685
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Back to Keynes?
Ploeg, Frederick Van der - CESifo - 2005
After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by J.M. Keynes. Particular attention is paid to Keynesian features omitted in New Keynesian...
Persistent link: https://www.econbiz.de/10005181517
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Liquidity Squeeze, Abundant Funding and Macroeconomic Volatility
Kharroubi, Enisse - Bank for International Settlements (BIS) - 2015
This paper studies the choice between building liquidity buffers and raising funding ex post, to deal with liquidity … shocks. We uncover the possibility of an inefficient liquidity squeeze equilibrium. Agents typically choose to build smaller … liquidity buffers when they expect cheap funding. However, when agents hold smaller liquidity buffers, they can raise less …
Persistent link: https://www.econbiz.de/10011210514
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What is the Relation (if any) Between a Firm's Corporate Governance Arrangements and its Financial Performance?
Wessels, Roberto E.; Wansbeek, Tom J.; Dam, Lammertjan - CESifo - 2014
We present a model to test the null hypothesis that firms organize their corporate governancearrangements optimally given the constraints they face. Following the literature, the modelrejects the null if the conditional correlation between governance and performance issignificantly different...
Persistent link: https://www.econbiz.de/10011249564