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The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis
Gärtner, Leo; Marek, Philipp - 2022
The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
Persistent link: https://www.econbiz.de/10013205580
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The effect of discretion on procurement performance
Coviello, Decio; Guglielmo, Andrea; Spagnolo, Giancarlo - 2016
Persistent link: https://www.econbiz.de/10011475647
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The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom
Broadbent, Ben; Di Pace, Federico; Drechsel, Thomas; … - 2019
The UK economy has experienced significant macroeconomic adjustments following the 2016 referendum on its withdrawal from the European Union. This paper develops and estimates a small open economy model with tradable and non-tradable sectors to characterise these adjustments. We demonstrate that...
Persistent link: https://www.econbiz.de/10012055479
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The impact of the EU General Data Protection Regulation on innovation in firms
Blind, Knut; Niebel, Crispin Miles; Rammer, Christian - 2022
consensus on whether this new privacy regulation is beneficial or detrimental to innovation. This study provides empirical … evidence on the impact of the GDPR on innovation activities in firms. Exploiting panel data from the German innovation survey …, a difference-in-difference analysis shows that the GDPR stimulated additional innovation activity while shifting the …
Persistent link: https://www.econbiz.de/10013411289
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The macroeconomic effects of large exchange rate appreciations
Kappler, Marcus; Reisen, Helmut; Schularick, Moritz; … - 2011
In this paper we study the macroeconomic effects of large exchange rate appreciations. Using a sample of 128 countries from 1960-2008, we identify large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Our results show...
Persistent link: https://www.econbiz.de/10008905965
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Monetary policy and Bitcoin
Karau, Sören - 2021
Bitcoin was conceptualized in response to perceived shortcomings in the monetary and financialsystem, not only related to large financial institutions but also to discretionary decision makingin monetary policy. Using high-frequency data and a weekly proxy VAR model, I study theimpact of...
Persistent link: https://www.econbiz.de/10012671254
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Interest rate shocks, competition and bank liquidity creation
Kick, Thomas - 2022
We study the effects of interest rate shocks (IRS) on banks’ liquidity creation. A unique supervisory data set from the Deutsche Bundesbank allows identifying banks’ liquidity creation for the real economy and the effects of banking market competition. Here, we employ a novel approach to...
Persistent link: https://www.econbiz.de/10013184357
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Loan pricing in internal capital markets and the impact of the two-tier system : finance groups in Germany
Busch, Ulrike; Khayal, Nuri; Klein, Melanie - 2022
This paper sheds light on the functioning of internal capital markets by analysing money market transactions within the German cooperatives and savings banks finance groups. Using a unique dataset, the money market statistical reporting, this is the first paper to explicitly analyze the...
Persistent link: https://www.econbiz.de/10013336396
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Founder personality and start-up subsidies
Chapman, Gary; Hottenrott, Hanna - 2023
Start-up subsidies play an important role in supporting start-up innovation and performance. However, what …
Persistent link: https://www.econbiz.de/10014305739
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Maturity shortening and market failure
Thierfelder, Felix - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
Persistent link: https://www.econbiz.de/10009509089