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This paper analyses the effects of the 1990 Brazilian trade liberalization on the total factor productivity, market … 1986/94 indicates very large total factor productivity gains in the period to 1994, which were accompanied by large falls …
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In recent years, the German banking sector has overcome major challenges such as the global financial crisis and the European debt crisis. This paper analyses a recent development as a particular determinant of the future outlook for the German banking sector. Interest rates are at historically...
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profitability of German banks and their capacity to lend. With a NSFR-model that is partially calibrated against reported NSFRs, we … minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. …
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