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Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen; … - 2009

Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed U.S. trade statistics to provide a broad...

Persistent link: https://www.econbiz.de/10003867923

Crisis? : what Crisis? : currency vs. banking in the financial crisis of 1931

Ritschl, Albrecht; Salferaz, Samad - 2010

Persistent link: https://www.econbiz.de/10003964365

Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis

Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...

Persistent link: https://www.econbiz.de/10010471858

Measuring option implied degree of distress in the US financial sector using the entropy principle

Matros, Philipp; Vilsmeier, Johannes - 2012

We estimate time series of option implied Probabilities of Default (PoDs) for 19 major US financial institutions from 2002 to 2012. These PoDs are estimated as mass points of entropy based risk neutral densities and subsequently corrected for maturity dependence. The obtained time series are...

Persistent link: https://www.econbiz.de/10009674908

The making of America’s imbalances

Schularick, Moritz; Wachtel, Paul - 2012

This paper tracks the development of sectoral saving and borrowing in the US economy over the past 50 years. We show that the financial imbalances that erupted in the financial crisis of 2008 were long in the making and preceded the emergence of global imbalances in the 2000s. The record low...

Persistent link: https://www.econbiz.de/10009580848

Spillovers of U.S. unconventional monetary policy to emerging markets : the role of capital flows

Anaya Longaric, Pablo Andrés; Hachula, Michael; … - 2015 - This version: November 2, 2015

A growing literature stresses the importance of the “global financial cycle”, a common global movement in asset prices and credit conditions, for emerging market economies (EMEs). It is argued that one of the key drivers of this global cycle is monetary policy in the U.S., which is...

Persistent link: https://www.econbiz.de/10011405101

To sign or not to sign? : on the response of prices to financial and uncertainty shocks

Meinen, Philipp; Röhe, Oke - 2018

Based on SVAR models identified by sign restrictions, we estimate the macroeconomic effects of financial and uncertainty shocks in the euro area and the US, paying particular attention to their effects on prices. While our results confirm that such disturbances are important drivers of output...

Persistent link: https://www.econbiz.de/10011897983

You can‘t always get what you want (where you want it) : cross-border effects of the US money market fund reform

Fricke, Daniel; Greppmair, Stefan; Paludkiewicz, Karol - 2022

This paper documents significant cross-border effects of the 2014 US money market fund (MMF) reform on MMFs in the euro area. As US-based prime MMFs became less money-like due to the reform, euro area-based prime MMFs received large inflows from foreign investors. These cross-border flows were...

Persistent link: https://www.econbiz.de/10012876146

An economic approach to Jewish law : the case of accident law

Rosenberg, Jacob; Weiss, Avi - 1996

Persistent link: https://www.econbiz.de/10000958030

Growth and exit of West German firms : an empirical investigation on the impact of liability statutes

Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael J. - 1995

details of liability regulation and taxation rules which German entrepreneurs face when choosing a particular legal form for … as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than … comparable firm under full liability. We also confirm the previously found negative relationship between employment growth and …

Persistent link: https://www.econbiz.de/10011622932

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