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Sectoral explanations of employment in Europe: the role of services

D’Agostino, Antonello; Serafini, Roberta; … - European Central Bank - 2006

sector, four sub-sectors and twelve service sector branches. Recently, both Europe and the US have experienced an increase in … the growth of service jobs in Europe relative to the US persists. Understanding the main factors behind this gap is key to … achieving higher employment levels in Europe. This paper focuses on the role of barriers in the EU-15 which may have hindered …

Persistent link: https://www.econbiz.de/10005344854

Financial stability challenges in EU candidate countries - Financial systems in the aftermath of the global crisis

ESCB, An IRC expert group of the - European Central Bank - 2010

This paper reviews financial stability challenges in the EU candidate countries: Croatia, the former Yugoslav Republic of Macedonia and Turkey. It follows a macro-prudential approach, emphasising systemic risks and the stability of financial systems as a whole. The paper recalls that the...

Persistent link: https://www.econbiz.de/10008539904

Financial stability challenges in candidate countries - managing the transition to deeper and more market-oriented financial systems.

Bracke, Thierry; Geis, André; Habib, Maurizio; Móré, … - European Central Bank - 2008

This paper reviews financial stability challenges in the EU candidate countries Croatia, Turkey and the former Yugoslav Republic of Macedonia. It examines the fi nancial sectors in these three economies, which, while at very different stages of development and embedded in quite diverse economic...

Persistent link: https://www.econbiz.de/10005530652

Finance and growth: a macroeconomic assessment of the evidence from a European angle

Papaioannou, Elias - European Central Bank - 2007

This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an emphasis on the policy implications in the current European environment, that has placed financial reforms high on the policy Agenda. While more research is needed to establish...

Persistent link: https://www.econbiz.de/10005530674

Financial stability challenges for EU acceding and candidate countries: making financial systems more resilient in a challenging environment

ESCB, IRC Expert Group of the - European Central Bank - 2012

This Occasional Paper reviews financial stability challenges in countries preparing for EU membership with a candidate country status, i.e. Croatia (planned to accede to the EU on 1 July 2013), Iceland, the former Yugoslav Republic of Macedonia, Montenegro and Turkey. It follows a...

Persistent link: https://www.econbiz.de/10010688326

Financial stability challenges in EU candidate countries - Financial systems in the aftermath of the global crisis

ESCB, An IRC expert group of the - European Central Bank - 2010

Persistent link: https://www.econbiz.de/10010688333

Job flow dynamics and firing restrictions: evidence from Europe

Messina, Julián; Vallanti, Giovanna - European Central Bank - 2006

We exploit homogeneous firm level data of manufacturing and non-manufacturing sectors to study the impact of firing restrictions on job flow dynamics across 14 European countries. We find that more stringent firing laws dampen the response of job destruction to the cycle, thus making job...

Persistent link: https://www.econbiz.de/10005222374

Public finances and long-term growth in Europe - evidence from a panel data analysis

Ávila, Diego Romero De; Strauch, Rolf - European Central Bank - 2003

In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic growth rate of around 3 percent as a realistic prospect for the coming years and assigns public finances an important role in the process of achieving this goal. This paper addresses the...

Persistent link: https://www.econbiz.de/10005222401

Financial stability challenges for EU acceding and candidate countries: making financial systems more resilient in a challenging environment

ESCB, IRC Expert Group of the - European Central Bank - 2012

Persistent link: https://www.econbiz.de/10010693511

The effect of financial development on the investment cash flow relationship: cross-country evidence from Europe

Becker, Bo; Sivadasan, Jagadeesh - European Central Bank - 2006

We investigate financing constraints in a large cross-country data set covering most of the European economy. Firm level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are significantly positive on average, controlling for country...

Persistent link: https://www.econbiz.de/10005816313