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first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany … in other countries leading to a feedback on Germany. The paper provides a short overview over the basic model. The … modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …
Persistent link: https://www.econbiz.de/10013428333
Persistent link: https://www.econbiz.de/10000947287
dynamic panel data models. In particular, in our model the long-run relationship between effective exchange rates and domestic …
Persistent link: https://www.econbiz.de/10010414236
Using a unique data set on German banks' sector specific loan exposures to the real economy and the corresponding write-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common risk factors, we separate the bank-specific...
Persistent link: https://www.econbiz.de/10010233376
harmonisation process related to European integration. This study uses large scale administrative data from France and Germany to … earnings. Females in Germany adapt their fertility behaviour more strongly in response to economic incentives than their … counterpartsin France. This is explained by pronounced differences in the national approaches to childcare support. …
Persistent link: https://www.econbiz.de/10012222196
We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture non-traded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels...
Persistent link: https://www.econbiz.de/10011902728
This paper adds to the growing body of literature on the design of Contingent Convertible Bonds (CoCos). We discuss how the design of the loss absorption mechanism affects the stability of bank funding and distinguish between Conversion-to-Equity (CE) CoCos, Principal WriteDown (PWD) CoCos with...
Persistent link: https://www.econbiz.de/10010432251
Persistent link: https://www.econbiz.de/10001881031
This paper examines the role of life satisfactioninthe labor market behavior of workers receiving welfare benefits while working. Welfare stigma and other hard-to-observe factors may affect outcomes as on-the-job search and the duration until leaving welfare status. We utilize life satisfaction...
Persistent link: https://www.econbiz.de/10012265186
an even limited - flexibility of the nominal exchange rates. According to the theory of Optimal Currency Areas (OCA), in …
Persistent link: https://www.econbiz.de/10013428212