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The Risk Alleviating Role of Interbank Market Lending in Central and Eastern European Countries
Hagen, Juergen von; Dinger, Valeriya - Econometric Society - 2004
The banking sectors in several Central and Eastern European countries are characterized by a two-tier structure, in which a few large banks dominate the deposit market but are very inactive in the loan market with private borrowers, while many small banks engage in lending but have only small...
Persistent link: https://www.econbiz.de/10005086432
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Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers
Müller, Thomas - Volkswirtschaftliche Fakultät, … - 2002
This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a...
Persistent link: https://www.econbiz.de/10005157511
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Are the Central European Stock Markets Still Different? A Cointegration Analysis
Rousova, Linda - Volkswirtschaftliche Fakultät, … - 2009
The Central European countries became members of the European Union (EU) in May 2004. Has their accession into the EU also resulted in a stronger financial integration with the global economy in general and with the "old" EU countries in particular? Based on a cointegration analysis applied to...
Persistent link: https://www.econbiz.de/10004998480
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Analyzing Modes of Foreign Entry
Müller, Thomas - Volkswirtschaftliche Fakultät, … - 2001
This paper studies the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. In contrast to existing approaches, the acquisition price and the profits under both...
Persistent link: https://www.econbiz.de/10005649779
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The Enlargement of the European Union and the Redistribution of Seigniorage Wealth
Feist, Holger - Volkswirtschaftliche Fakultät, … - 2001
In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for...
Persistent link: https://www.econbiz.de/10005649819
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Barter in Transition Economies: Competing Explanations Confront Ukrainian Data
Marin, Dalia; Kaufmann, Daniel; Gorochowskij, Bogdan - Volkswirtschaftliche Fakultät, … - 2000
In this paper we survey the common explanations of barter in transition economies and expose them to detailed survey data on 165 barter deals in Ukraine in 1997. The evidence does not support the notion that soft budget constraints, lack of restructuring, or that the virtual economy are the...
Persistent link: https://www.econbiz.de/10005121226
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The Role of Risk Aversion in Predicting Individual Behaviour
Paiella, Monica; Guiso, Luigi - Econometric Society - 2004
We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers' decisions that in theory should vary with attitude towards risk. We find that elicited...
Persistent link: https://www.econbiz.de/10005328916
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Fiscal Policy and Entrepreneurship
Takii, Katsuya - Econometric Society - 2004
This paper reexamines the effect of expansionary fiscal policy on the real GDP in the presense of entrepreneurship …
Persistent link: https://www.econbiz.de/10005342214
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The Effects of Entrepreneurship Education
Weber, Richard; Graevenitz, Georg von; Harhoff, Dietmar - Volkswirtschaftliche Fakultät, … - 2009
Entrepreneurship education ranks highly on policy agendas in Europe and the US, but little research is available to … assess its impacts. In this context it is of primary importance to understand whether entrepreneurship education raises … intentions to be entrepreneurial generally or whether it helps students determine how well suited they are for entrepreneurship …
Persistent link: https://www.econbiz.de/10004982303
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Fiscal Policy and Entrepreneurship
Takii, Katsuya - Econometric Society - 2004
This paper reexamines the effect of expansionary fiscal policy on the real GDP in the presense of entrepreneurship …
Persistent link: https://www.econbiz.de/10005063765