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The Volatility Curse: Revisiting the Paradox of Plenty
Ploeg, Frederick van der; Poelhekke, Steven - de Nederlandsche Bank - 2009
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10005106643
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Corporate culture and behaviour: A survey
Haan, Jakob de; Jansen, David-Jan - de Nederlandsche Bank - 2011
Drawing on the literature on organizational psychology, this paper discusses the potential of studying corporate culture and organizational behaviour for financial supervision. First, we discuss how corporate culture is often linked to long-term firm performance. From that perspective, factoring...
Persistent link: https://www.econbiz.de/10009393908
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The significance of the European capital market for the financing of the corporate sector
Haan, L. de; Prast, H.M. - de Nederlandsche Bank - 1999
The continental European financial system distinghuishes itself from its American counterpart by the dominance of banks in the financing of nonfinancial companies. Only a fraction of the external capital need of the private sector is fulfilled directly, on the public capital market. Non-bank...
Persistent link: https://www.econbiz.de/10005106715
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Banks' Liquidity Buffers and the Role of Liquidity Regulation
Bonner, Clemens; Lelyveld, Iman van; Zymek, Robert - de Nederlandsche Bank - 2013
We assess the determinants of banks' liquidity holdings using balance sheet data for nearly 7000 banks from 30 OECD countries over a ten-year period. We highlight the role of several bank-specific, institutional and policy variables in shaping banks' liquidity risk management. Our main question...
Persistent link: https://www.econbiz.de/10010757282
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Mission drawdowns - financing a sustainable peace : sustaining gains and supporting economic stability post un mission withdrawal
OECD - 2020
managed transition process is one of the best ways to guard against backslide and to ensure the continuity of essential … studies in DRC (initial stages of MONUSCO transition), Haiti (handover from MINUJUSH to BINUH), Liberia (following UNMIL …’s withdrawal) and Sudan (transition of UNAMID). The paper focuses on opportunities that the international community could integrate …
Persistent link: https://www.econbiz.de/10012257901
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Net Foreign Asset (Com)position: Does Financial Development Matter?
Vermeulen, Robert; Haan, Jakob de - de Nederlandsche Bank - 2012
We investigate the relationship between a country's domestic financial development and the (composition of its) net foreign asset position using a pooled mean group estimator and data for 51 countries during the period 1970-2007. The results show that financial development reduces a country's...
Persistent link: https://www.econbiz.de/10009652211
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On Wage Formation, Wage Development and Unemployment Flexibility: a Comparison between European Countries and the United States
Peeters, H.M.M.; Reijer, A.H.J. den - de Nederlandsche Bank - 2002
For Germany, Spain, France, the Netherlands and the US an Error Correction Model with a long-term non-linear wage equation is estimated by 3-SLS to obtain consistent estimates, accounting for endogeneity and common shocks. On the basis of the estimated parameter elasticities of wages with...
Persistent link: https://www.econbiz.de/10005021851
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On Wage Formation, Wage Development and Unemployment
Peeters, H.M.M.; Reijer, A.H.J. den - de Nederlandsche Bank - 2001
Since the mid nineties unemployment has substantially decreased in some EMU-countries. One important factor underlying this development is wage moderation. This paper investigates wage formation and wage development. Using a theoretical wage bargaining model main determinants of formation are...
Persistent link: https://www.econbiz.de/10005021878
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On Wage Formation, Wage Development and Flexibility: A comparison between European countries and the United States
Peeters, Marga; Reijer, Ard den - de Nederlandsche Bank - 2003
For Germany, Spain, France, the Netherlands and the US an Error Correction Model with a long-term non-linear wage equation is estimated by 3-SLS to obtain consistent estimates, accounting for endogeneity and common shocks. On the basis of the estimated parameter elasticities of wages with...
Persistent link: https://www.econbiz.de/10005021891
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Calvo Wages in a Search Unemployment Model
Bodart, Vincent; Pierrard, Olivier; Sneessens, Henri R. - de Nederlandsche Bank - 2005
RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in actual economies by imposing full real wage rigidity. We...
Persistent link: https://www.econbiz.de/10005101849