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Ramifications of Debt Restructuring on the Euro Area: The Example of Large European Economies' Exposure to Greece
Belke, Ansgar; Dreger, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
. Under realistic conditions, a debt conversion may be the less costly strategy for Greece and the euro area partner states. A …
Persistent link: https://www.econbiz.de/10009195631
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The Impact of Introducing an Interest Barrier: Evidence from the German Corporation Tax Reform 2008
Buslei, Hermann; Simmler, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in …
Persistent link: https://www.econbiz.de/10010552491
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Exports, International Investment, and Plant Performance: Evidence from a Non-Parametric Test
Girma, Sourafel; Görg, Holger; Strobl, Eric - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003
This paper compares the performance of purely domestic plants, domestic exporters and domestic multinationals. For our empirical analysis we utilise a non-parametric approach based on the principle of first order stochastic dominance. We find that the distributions for multinationals dominate...
Persistent link: https://www.econbiz.de/10005068656
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The Effects of Short-Term Liabilities on Profitability: The Case of Germany
Baum, Christopher F.; Schäfer, Dorothea; Talavera, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
-term liabilities. We develop a structural model of a firm's value maximization problem that predicts that profitability of the firm …
Persistent link: https://www.econbiz.de/10005068970
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Equity Markets, Financial Integration and Competitive Convergence
Chen, Gongyu; Higson, Chris; Holly, Sean; Petrella, Ivan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
the process of competitive convergence in profitability of listed companies in 7 countries of the European Union. We cast … observe convergence in profitability through time. The second question is whether there are national differences in the extent … whether there is evidence that convergence in profitability has become more rapid, by which we mean above average or below …
Persistent link: https://www.econbiz.de/10010661279
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Equity Markets, Financial Integration and Competitive Convergence
Chen, Gongyu; Higson, Chris; Holly, Sean; Petrella, Ivan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
the process of competitive convergence in profitability of listed companies in 7 countries of the European Union. We cast … observe convergence in profitability through time. The second question is whether there are national differences in the extent … whether there is evidence that convergence in profitability has become more rapid, by which we mean above average or below …
Persistent link: https://www.econbiz.de/10010783948
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How Do Tourists React to Political Violence?: An Empirical Analysis of Tourism in Egypt
Fielding, David; Shortland, Anja - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
. There is also evidence of tourism in Egypt being affected by the Israeli / Palestinian conflict, with arrivals of tourists …
Persistent link: https://www.econbiz.de/10008568554
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Does Government Ideology Matter in Monetary Policy?: A Panel Data Analysis for OECD Countries
Belke, Ansgar; Potrafke, Niklas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper examines whether government ideology has influenced monetary policy in OECD countries. We use quarterly data in the 1980.1-2005.4 period and exclude EMU countries. Our Taylor-rule specification focuses on the interactions of a new time-variant index of central bank independence with...
Persistent link: https://www.econbiz.de/10009395418
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Monetary Commitment and Structural Reforms: A Dynamic Panel Analysis for Transition Economies
Belke, Ansgar; Vogel, Lukas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to...
Persistent link: https://www.econbiz.de/10010556651
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Savings in Central Eastern Europe
Schrooten, Mechthild; Stephan, Sabine - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2001
The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies. We use panel data over the period 1989-1998 and estimate a fixed-effects model. In Central Eastern European Countries, aggregate and private savings are driven by almost the...
Persistent link: https://www.econbiz.de/10004963633