Showing 1 - 7 of 7
Reliable information on small and medium sized enterprises (SMEs) is rare and costly for financial intermediaries. To compensate for this, relationship banking is often considered as the appropriate lending technique in the case of SMEs. In this paper we offer a theoretical model to analyze the...
Persistent link: https://www.econbiz.de/10010260833
Die Rendite von Sparkassen und Genossenschaftsbanken liegt in Deutschland über der von privaten Geschäftsbanken. Das vorliegende Papier bietet einen theoretischen Erklärungsansatz, der diese Renditeunterschiede auf Differenzen in der Kreditvergabestrategie zurückführt. Dieses Modell zeigt,...
Persistent link: https://www.econbiz.de/10010260860
Since the inequality of earnings in East Germany has approached West German levels in the late 1990s, the standard Roy model predicts that a positive selection bias of East-West migrants should disappear. Using a switching regression model and data from the IABemployment sample, we find however...
Persistent link: https://www.econbiz.de/10010270921
This paper discusses the eastward enlargement process of the EU in the framework of a simple war of attrition bargaining game. Both players – the existing EU members and the applicants – benefit from enlargement, yet for the applicants reform to the acquis is costly, while the EU prefers...
Persistent link: https://www.econbiz.de/10010276550
Soft budget constraints (SBCs) are a persistent feature of transition economies and have been blamed for i.a. a lack of fiscal consolidation and sluggish growth. EU eastward enlargement has - among other things - been conditioned on tackling SBCs. This paper analyzes such outside conditionality...
Persistent link: https://www.econbiz.de/10010276553
In this paper we study the determinants of international migration to Germany, 1967-2000. The empirical literature on macro-economic migration functions usually explains migration flows by a set of explanatory variables such as the income differential, employment rates, and migrations stocks as...
Persistent link: https://www.econbiz.de/10010260713
EU leaders are well aware of the relevance of migration in the European policy agenda. Thirty-two pages out of forty-eight of the Presidency Conclusions at the November 2004 European Council were devoted to migration policies. Economic theory suggests that there is a strong case for policy...
Persistent link: https://www.econbiz.de/10010260843