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Exchange Rates and Profit Margins: The Case of Japanese Exporters

Klitgaard Hertel, Thomas - Federal Reserve Bank <New York, NY>; London School of … - 1999

profit margins and stable export sales when the valueof the yen fluctuates. We find that Japanese firms tend tostrike a … the extent of these changes byaltering their profit margins. For Japanese exporters producingindustrial machinery …

Persistent link: https://www.econbiz.de/10005870066

Mercantilist Institutions for the Pursuit Of Power with Profit. The Management Of Britain’s National Debt, 1756-1815

O’Brien, Patrick Karl - London School of Economics and Political Science - 2006

The Rise Of Britain’s Fiscal Naval StateIn outline (if not in the chronological detail required for a complete and satisfactory historical narrative) the reasons why the United Kingdom evolved between the Glorious Revolution of 1688 and the Congress of Vienna of 1815, into the most powerful...

Persistent link: https://www.econbiz.de/10005870565

Thanks for nothing? Not-for-profits and motivated agents

Ghatak, Maitreesh; Müller, Hannes - London School of Economics and Political Science - 2010

supply of motivated workers makes the non-profit form more attractive tomanagers. We show that if firms had to compete for … motivated workers then not-for-profit firms would becompeted out by for-profit firms. Therefore, in the choice between not-for-profit … and for-profit provision, otherthan incentive problems, the distribution of rents between management and workers, and …

Persistent link: https://www.econbiz.de/10009354074

Efficiency among Private Railway Companies in a weakly Regulated System: The Case of Britain’s Railways in 1893-1912

Mulatu, Abay; Crafts, Nicholas F. R. - London School of Economics and Political Science - 2005

This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...

Persistent link: https://www.econbiz.de/10005870948

BOUNDARIES BETWEEN PUBLIC AND PRIVATEWELFARE : A TYPOLOGY AND MAP OF SERVICES

Burchardt, Tania - London School of Economics and Political Science - 1997

This paper develops a typology of welfare services and attempts toillustrate its use in clarifying discussions about the privatisation ofwelfare and in analysing changes in expenditure. A third dimension,which concerns the extent of the consumer’s decision-making power andturns on the question...

Persistent link: https://www.econbiz.de/10008766016

Public and Private Welfare Activity in the UnitedKingdom, 1979 to 1999

Smithies, Rachel - London School of Economics and Political Science - 2005

This paper analyses the shifting balance between public sector and privatesector welfare provision in the United Kingdom over the past two decades. Fivesectors – education, health, personal social services, housing, and incomemaintenance and social security – are examined over three time...

Persistent link: https://www.econbiz.de/10009354035

Banks’ Payments-Driven Revenues

Radecki, Lawrence J. - Federal Reserve Bank <New York, NY>; London School of … - 1999

bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …

Persistent link: https://www.econbiz.de/10005870063

Supervisory Information and the Frequency of Bank Examinations

Hirtle, Beverly J.; López, José A. - Federal Reserve Bank <New York, NY>; London School of … - 1999

length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …

Persistent link: https://www.econbiz.de/10005870064

Macro Markets and Financial Security

Athanasoulis, Stefano; Shiller, Robert J.; Van Wincoop, Eric - Yale University <New Haven, Conn.> / Department of Economics; … - 1999

[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...

Persistent link: https://www.econbiz.de/10005870065

The Impact of Capital Requirements on U.K. Bank Behaviour

Ediz, Tolga; Michael, Ian; Perraudin, William - Bank of England <London>; London School of Economics … - 1998

[...]The most obvious possible, and undesirable,impact on bank behaviour of risk-weighted capital requirementsis that …

Persistent link: https://www.econbiz.de/10005870067