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Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia

Sturm, Jan-Egbert; Williams, Barry - CESifo - 2002

This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA) and Malmquist Indices, we find that the new...

Persistent link: https://www.econbiz.de/10005766073

Why do Foreign Banks Withdraw from other Countries? A Panel Data Analysis

Hryckiewicz, Aneta; Kowalewski, Oskar - CESifo - 2010

This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence of the causes of multinational banks’ exits from other countries. Using panel data for 149 closed or divested foreign bank subsidiaries across 54 countries from 1997...

Persistent link: https://www.econbiz.de/10008583673

External Monetary Shocks and Monetary Integration: Evidence from the Bulgarian Currency Board

Minea, Alexandru; Rault, Christophe - CESifo - 2011

Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...

Persistent link: https://www.econbiz.de/10008914289

Equity Risk Premium and Regional Integration

Arouri, Mohamed El Hedi; Teulon, Frédéric; Rault, … - CESifo - 2013

This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level. We show that the estimated degrees of...

Persistent link: https://www.econbiz.de/10010877634

The Political Economy of Regional Integration Projects at Borders where Rich and Poor Meet: The Role of Cross-Border Shopping and Community Sorting

Dascher, Kristof; Haupt, Alexander - CESifo - 2008

At borders where rich and poor countries meet, services prices differ hugely. In principle, price differentials could be exploited to mutual benefit, offering improved job opportunities to the poor as well as better shopping opportunities to the rich. However, cross-border shopping is often...

Persistent link: https://www.econbiz.de/10005765854

Tax Rate and Tax Base Competition for Foreign Direct Investment

Egger, Peter; Raff, Horst - CESifo - 2011

This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...

Persistent link: https://www.econbiz.de/10009320778

Privatization in Denmark, 1980-2002

Christoffersen, Henrik; Paldam, Martin - CESifo - 2004

privatization activity appears to be outsourcing. …

Persistent link: https://www.econbiz.de/10005405723

Arm’s Length Provision of Public Services

Bennedsen, Morten; Schultz, Christian - CESifo - 2007

We analyze the economic consequences of strategic delegation of the right to decide between public or private provision of governmental service and/or the authority to negotiate and renegotiate with the chosen service provider. Our model encompass both bureaucratic delegation from a government...

Persistent link: https://www.econbiz.de/10005405773

International Outsourcing and the Supply Side Productivity Determinants

Grover, Arti - CESifo - 2007

A service provider firm in an outsourcing relationship is distinct from a typical firm because it is not a stand alone …, rent, energy consumption cannot appropriately determine a Business Process Outsourcing (BPO) firm’s productivity. Academic … perspective of the host country, the sourcing firm, the global outsourcing industry and of course the service provider firm. In …

Persistent link: https://www.econbiz.de/10005405775

Equilibrium Unemployment with Outsourcing and Wage Solidarity under Labour Market Imperfections

Koskela, Erkki; Stenbacka, Rune - CESifo - 2007

We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … heterogeneous labour market, where wages are determined by a monopoly labour union. We find that outsourcing promotes the wage … magnify, and not dampen, this tendency. Further, higher outsourcing will increase equilibrium unemployment among the high …

Persistent link: https://www.econbiz.de/10005405909