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Caminal, Ramon; Gual, Jordi; Vives, Xavier - C.E.P.R. Discussion Papers - 1989

We assess the state of competition in the Spanish banking system at the dawn of the integration of the European financial market. Banking in Spain has undergone a strong liberalization process in the last fifteen years, which has accelerated recently, evolving from a situation of tight...

Persistent link: https://www.econbiz.de/10005792462

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

Ljungqvist, Alexander P.; Marston, Felicia; Wilhelm Jr, … - C.E.P.R. Discussion Papers - 2003

the endogeneity of analyst behaviour and the bank’s decision to provide analyst coverage. Contrary to recent allegations …, we find no evidence that aggressive analyst recommendations or recommendation upgrades increased a bank’s probability of …

Persistent link: https://www.econbiz.de/10005067469

Structural Adjustment in European Retail Banking: Some Views from Industrial Organisation

Neven, Damien J - C.E.P.R. Discussion Papers - 1989

bank strategies in terms of the quality of service they choose to offer, in terms of the number and locations of their …

Persistent link: https://www.econbiz.de/10005281299

Spatial Agglomeration Dynamics

Quah, Danny - C.E.P.R. Discussion Papers - 2002

This Paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete...

Persistent link: https://www.econbiz.de/10005136721

Data-Snooping, Technical Trading Rule Performance and the Bootstrap

Sullivan, Ryan; Timmermann, Allan G; White, Halbert - C.E.P.R. Discussion Papers - 1998

In this paper we utilize White's Reality Check bootstrap methodology (White (1997)) to evaluate simple technical trading rules while quantifying the data-snooping bias and fully adjusting for its effect in the context of the full universe from which the trading rules were drawn. Hence, for the...

Persistent link: https://www.econbiz.de/10005662282

Firing Costs, Unions and Employment

Booth, Alison L - C.E.P.R. Discussion Papers - 1996

This paper develops a simple model of employment, non-statutory redundancy pay and wage determination. An interesting feature of this model is that the contract curve is vertical. Some of the predictions of the model are confronted with the available British data on non-statutory firing costs,...

Persistent link: https://www.econbiz.de/10005791782

Welfare Differentials Across French and US Labour Markets

Cohen, Daniel - C.E.P.R. Discussion Papers - 1999

The paper computes lifetime welfare functions for French and American workers. For the vast majority of workers, we find that the lifetime discrepancy between the welfare of an employed and that of an unemplyed worker appear to quite similar in the two countries, corresponding to nine monthly...

Persistent link: https://www.econbiz.de/10005791313

A Consistent Weighted Ranking Scheme with an Application to NCAA College Football Rankings

Fainmesser, Itay; Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2005

controversies the last few years. The difficulty arises because there is a need to make a complete ranking of teams even though each … establish a ranking of patents or academic journals, etc. in which the raw data are (incomplete) bilateral citations or … interactions among objects. This paper develops and estimates a simple consistent weighted ranking (CWR) scheme which, in the …

Persistent link: https://www.econbiz.de/10005123674

Looking Into The Black Box: A Survey Of The Matching Function

Petrongolo, Barbara; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2000

We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but none is generally accepted as superior to all others. Instead, an aggregate...

Persistent link: https://www.econbiz.de/10005114438

Effective Protection and Investment Incentives in Egypt and Jordan During the Transition to Free Trade with Europe

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1996

This paper assesses the possible impact of a Euro-Mediterranean Agreement (EMA) on Egypt and Jordan and identifies …

Persistent link: https://www.econbiz.de/10005791725