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We investigate how differential exposures by German banks to the US real estate market during the recent financial crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three different types of bank exposures, i.e. direct exposure to the...
Persistent link: https://www.econbiz.de/10011280084
This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...
Persistent link: https://www.econbiz.de/10011487099
We exploit staggered real estate transaction tax (RETT) hikes across German states to identify the effect of house price changes on mortgage credit supply. Based on approximately 33 million real estate online listings, we construct a quarterly hedonic house price index (HPI) between 2008:q1 and...
Persistent link: https://www.econbiz.de/10012433677
workforce and fully benefiting from technology adoption. We show that digital technology adoption shifted the demand for skills …
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Persistent link: https://www.econbiz.de/10014320212
How far is the world away from ensuring that every child obtains the basic skills needed to be internationally … skills for 159 countries that cover 98.1% of world population and 99.4% of world GDP. We find that at least two-thirds of the … universal basic skills amounts to over $ 700 trillion over the remaining century, or 11% of discounted GDP. …
Persistent link: https://www.econbiz.de/10014477384
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An increase over time in the proportion of young people obtaining a degree is likely to impact on the relative ability compositions (i) of graduates and non-graduates and (ii) across graduates with different classes of degree award. In a signalling framework, we examine the implications of this...
Persistent link: https://www.econbiz.de/10003868525
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