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Haan, Jakob de; Amtenbrink, Fabian - de Nederlandsche Bank - 2011

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the European regulatory approach to CRAs, thereby combining insights from economics and law. We first provide some basic background on the function of CRAs. Thereafter, we focus on the two main tasks for which...

Persistent link: https://www.econbiz.de/10008799343

Simulations in the Dutch interbank payment system: A sensitivity analysis

Heijmans, Ronald - de Nederlandsche Bank - 2009

This paper presents an analysis on the sensitivity of the Dutch interbank payment system with respect to the value transferred and the amount of available collateral. The Dutch system can be characterised as a system with a few large and many relatively small participants.Historical data has...

Persistent link: https://www.econbiz.de/10005101806

A tale of the water-supplying plumber: intraday liquidity provision in payment systems

Ledrut, Elisabeth - de Nederlandsche Bank - 2006

This paper provides an overview of the literature on intraday credit in payment systems to date and explores the dilemma central banks face when deciding on their intraday credit policies. On the one hand, any strategy in which the costs of liquidity are not fully borne by payment system...

Persistent link: https://www.econbiz.de/10005101828

Simulating retaliation in payment systems: Can banks control their exposure to a failing participant?

Ledrut, Elisabeth - de Nederlandsche Bank - 2007

This paper assesses the impact of an operational failure at one of the biggest participants in the Dutch interbank payment system, varying the time at which the disruption takes place. Liquidity levels equal historical levels. The impact of such a disruption is quantified in terms of the...

Persistent link: https://www.econbiz.de/10005053799

Run for Fun: Intrinsic Motivation and Physical Performance

Filippin, Antonio; Ours, Jan C. van - Institute for the Study of Labor (IZA) - 2012

teams and run for an hour. This allows us not only to study the individual relationship between age and performance but also … performance goes down with age, although the speed-age gradient is rather flat. Group performance goes down with age as well, but … interestingly a counterbalancing force emerges, namely team dynamics that are driven by performance of runners who enter and leave. …

Persistent link: https://www.econbiz.de/10009652532

Analysis of Pay Inequality and its Impacts on Growth and Performance in the Korean Manufacturing Industry

Kim, Yunhee; Lee, Jeong-Dong; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2008

This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality … relationship with economic growth and performance. For the empirical results we use panel data on the Korean manufacturing sector …

Persistent link: https://www.econbiz.de/10005761692

Returns for Entrepreneurs vs. Employees: The Effect of Education and Personal Control on the Relative Performance of Entrepreneurs vs. Wage Employees

van Praag, Mirjam; van Witteloostuijn, Arjen; van der … - Institute for the Study of Labor (IZA) - 2009

How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences … show furthermore that entrepreneurs have higher returns to education than employees (in terms of the comparable performance …

Persistent link: https://www.econbiz.de/10008558947

Employee Training and Wage Dispersion: White and Blue Collar Workers in Britain

Almeida-Santos, Filipe; Chzhen, Yekaterina; Mumford, … - Institute for the Study of Labor (IZA) - 2010

We use household panel data to explore the wage returns associated with training incidence and intensity (duration) for British employees. We find these returns differ depending on the nature of the training; who funds the training; the skill levels of the recipient (white or blue collar); the...

Persistent link: https://www.econbiz.de/10008568277

Earnings Progression, Human Capital and Incentives: Theory and Evidence

Frederiksen, Anders - Institute for the Study of Labor (IZA) - 2010

The career prospects of newly recruited employees differ substantially within an organization. The stars experience a considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms generating the observed heterogeneity in earnings...

Persistent link: https://www.econbiz.de/10008457150

On the Determinants of Pay of CEOs in UK Public Sector Higher Education Institutions

Bachan, Ray - Institute for the Study of Labor (IZA) - 2008

fixed effects. There is only limited evidence that they are rewarded for the 'performance' of the institutions they manage …

Persistent link: https://www.econbiz.de/10005703830