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Causes and consequences of merger waves
Kleinert, Jörn; Klodt, Henning - 2002
This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10010271917
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Cross-Border Bank Mergers: What Lures the Rare Animal?
DeLong, Gayle L.; Buch, Claudia M. - 2001
which information costs and regulations hold back merger activity. Our results suggest that banks operating in more …
Persistent link: https://www.econbiz.de/10010260608
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Propping up Europe?
Pisani-Ferry, Jean; Wolff, Guntram B. - 2012
The Bank of England, the Federal Reserve (Fed) and the European Central Bank (ECB) have responded to the crisis with exceptional initiatives resulting in a major increase in their balance sheets. After the ECB's end-2011 launch of three-year bank refinancing (LTRO), there has been speculation...
Persistent link: https://www.econbiz.de/10010293582
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Regionale Konjunkturunterschiede kein Hinderungsgrund für Geldpolitik im Euroraum
Artis, Michael; Dreger, Christian; Kholodilin, Konstantin A. - In: DIW Wochenbericht 76 (2009) 46, pp. 806-809
USA - prüfen. Es zeigt sich, dass die Unterschiede in der konjunkturellen Entwicklung zwischen den Regionen der Eurozone … nicht größer sind als zwischen den Bundesstaaten der USA. Somit sind die Erfolgsaussichten der Geldpolitik im Euroraum … keineswegs schlechter als in den USA. …
Persistent link: https://www.econbiz.de/10011602090
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TAFTA - a dead horse or an attractive open club?
Siebert, Horst - 2005
A Transatlantic Free Trade Area (TAFTA) has been proposed in the mid-1990s to revitalize the economic and political ties between the United States and the European Union. This paper discusses the expected economic gains from such a free trade area for its members with respect to trade in goods...
Persistent link: https://www.econbiz.de/10010273144
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Estimating the shape of economic crises under heterogeneity
Dovern, Jonas; Jannsen, Nils - 2009
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10010265233
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Why it pays for aid recipients to take note of the Millennium Challenge Corporation: Other donors do!
Dreher, Axel; Nunnenkamp, Peter; Öhler, Hannes - 2010
It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...
Persistent link: https://www.econbiz.de/10010277984
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Liberalization and regulation of international capital flows: where the opposites meet
Nunnenkamp, Peter - 2001
The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
Persistent link: https://www.econbiz.de/10010265483
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Economic impact of climate change: simulations with a regionalized climate-economy model
Deke, Oliver; Hooss, Kurt Georg; Kasten, Christiane; … - 2001
Climate change affects the physical and biological system in many regions of the world. The extent to which human systems will suffer economically from climate change depends on the adaptive capabilities within a region as well as across regions. We use an economic General-Equilibrium model and...
Persistent link: https://www.econbiz.de/10010265498
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Europe's growth emergency
Darvas, Zsolt; Pisani-Ferry, Jean - 2011
The European Union growth agenda has become even more pressing because growth is needed to support public and private sector deleveraging, reduce the fragility of the banking sector, counter the falling behind of southern European countries and prove that Europe is still a worthwhile place to...
Persistent link: https://www.econbiz.de/10010293558