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Monetary Union (EMU) ; the euro ; valuation ; investment ; debt ; equity ; cost of capital ; currency risk …
Persistent link: https://www.econbiz.de/10001693121
In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. We use corporate-evel data from ten countries that adopted the euro, the three EU countries that did not start using the euro, as well as Norway and Switzerland. We...
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This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile (and possibly uncertain) income paths, hold a risk-free asset, and face a liquidity constraint. I first show that the equilibrium capital stock in an economy without uncertainty,...
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-- Costs ; Quality of Life ; Multiple Sclerosis …
Persistent link: https://www.econbiz.de/10002679578
'000, total costs to society are estimated at 1.34 billion £. Direct costs represented 28%, informal care accounted for 26% and … indirect costs amounted to 46%. Of the direct costs, an estimated £ per patient or % of total costs are paid for by the NHS …. Intangible costs were estimated at 5000 £ per patient and year. The mean age of the cohort was 44 years (disease onset 34), the …
Persistent link: https://www.econbiz.de/10001600004
extrapolated to an estimated patient population of 120,000, total costs to society are estimated at 7.85 billion DM. Direct costs … represented 57.5%, informal care accounted for 12.1% and indirect costs amounted to 42.5%. An estimated 24,800 DM per patient or … 38% of total costs are paid for by public payers. Intangible costs were estimated 16,650 DM per patient and year. The …
Persistent link: https://www.econbiz.de/10001600006