regulators try to resolve these problems. We find that liberalising bank capital flows between economies reduces total welfare by … harmonisation of capital requirements across economies, a policy reminiscent of the level playing field adopted in the 1988 Basle … capital requirement is better for the higher quality regulator. We find that imposing a level playing field among countries is …

banks with low initial levels of Tier 1 capital and in banks that adopted Basel II rules early.  We find tangible common … equity and Tier 1 ratios to be better predictors of bank distress than broader measures of capital, and identify market … public recapitalisation plan and regulatory measures of capital. …

By assuming Cobb-Douglas production technology, many well-known imperfectly competitive macroeconomic models of the … labour market (e.g. Layard, Nickell and Jackman, 1991) imply that equilibrium unemployment is independent of the capital …-Douglas production function so that when the capital-labour ratio drops below a certain threshold, the returns to labour fall while the …

This paper analyses the impact of cost competitiveness and technology on export performance using a very rich panel …

-based methods and econometric studies of productivity and market value. The cost incurred in the enforcement of IPR is a growing …

weak. The limited direct evidence of human capital on firm productivity suggests that human capital is indeed productive … role of size and human capital as determinants of either earnings or productivity has been the role of unobserved factors …. In this paper we investigate the roles of size and human capital in determining both earnings and productivity using a …

Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will … increase by 0.8 per cent per annum. We find an effect, significant at the ten per cent level, of the level of human capital on …

not due to a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices is …

a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity … technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to …