Similar Search Results

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

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

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

Exchange-rate misalignments in duopoly: the case of Airbus and Boeing

Bénassy-Quéré, Agnès; Fontagné, Lionel; Raff, Horst - 2009

We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to...

Persistent link: https://www.econbiz.de/10010263548

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

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

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

Intra-industry adjustment to import competition: theory and application to the German clothing industry

Raff, Horst; Wagner, Joachim - 2009

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...

Persistent link: https://www.econbiz.de/10010265261

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

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