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have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
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New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...
Persistent link: https://www.econbiz.de/10012473791
The majority of bank liabilities are deposits typically not withdrawn for extended periods. We propose a dynamic model of banks in which depositors forecast banks' leverage and default decisions, and withdraw optimally by trading off current against future liquidity needs. Endogenous deposit...
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We link a new UK management survey covering 8,000 firms to panel data on productivity in manufacturing and services …
Persistent link: https://www.econbiz.de/10012794618
A new interest in the role of services in world transactions has been generated by the current efforts of the U. S …. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of … economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been …
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platforms for pet-sitting services. We exploit variation in pre-merger market shares and a difference-in-differences approach to …
Persistent link: https://www.econbiz.de/10012482266
find that clinic violence reduces abortion services in targeted areas. Once travel is taken into account, however, the …
Persistent link: https://www.econbiz.de/10012462055
) by adding newly traded goods and services and that much of this new trade is in intermediates. I provide an extension of …
Persistent link: https://www.econbiz.de/10012462725