Similar Search Results

Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts

Farhi, Emmanuel - 2009

The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance...

Persistent link: https://www.econbiz.de/10012463512

The Economics of Bank Supervision

Eisenbach, Thomas M. - 2016

We study bank supervision by combining a theoretical model distinguishing supervision from regulation and a novel … supervision and use the model to interpret the relation between supervisory efforts and bank characteristics observed in the data … proportionally with bank size, suggesting the presence of technological scale economies in supervision. The data also show …

Persistent link: https://www.econbiz.de/10012456474

Network Externalities and Technology Adoption : Lessons from Electronic Payments

Gowrisankaran, Gautam - 2002

payments system using a quarterly panel data set on individual bank adoption and usage of ACH. We provide three methods to …

Persistent link: https://www.econbiz.de/10012469771

Patterns of Skill Premia

Acemoglu, Daron - 1999

In this paper, I develop a model to analyze how skill premia differ over time and across countries, and use this model to study the impact of international trade on wage inequality. Skill premia are determined by technology and the relative supply of skills. An increase in the relative supply of...

Persistent link: https://www.econbiz.de/10012471782

Transatlantic Technologies : The Role of ICT in the Evolution of U.S. and European Productivity Growth

Gordon, Robert J. - 2020

We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is deficient when it separates sources of growth between...

Persistent link: https://www.econbiz.de/10012481620

Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity

Bloom, Nicholas - 2011

We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million firms over 1996-2007 across twelve European countries. We correct for endogeneity using the removal of product-specific quotas following China's entry into the World Trade...

Persistent link: https://www.econbiz.de/10012461940

Is Poland the Next Spain?

Caselli, Francesco - 2005

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...

Persistent link: https://www.econbiz.de/10012467642

US-Europe Differences in Technology-Driven Growth : Quantifying the Role of Education

Krueger, Dirk - 2003

European economic growth has been weak, compared to the US, since the 80s. In previous work (Krueger and Kumar, 2003), we argued that the European focus on specialized, vocational education might have been effective during the 60s and 70s, but resulted in a growth gap relative to the US during...

Persistent link: https://www.econbiz.de/10012468711

New Technologies and Jobs in Europe

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - National Bureau of Economic Research - 2023

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011- 2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased...

Persistent link: https://www.econbiz.de/10014322745

For Richer, for Poorer : Bankers' Liability and Risk-taking in New England, 1867-1880

Koudijs, Peter - 2018

We study whether banks are riskier if managers have less liability. We focus on New England between 1867 and 1880 and consider the introduction of marital property laws that limited liability for newly wedded bankers. We find that banks with managers who married after a legal change had more...

Persistent link: https://www.econbiz.de/10012480651

1
2
3
4
5
6
7
8
9
10
Next
Last