Showing 1 - 10 of 34
The paper studies the demand for foreign graduates at the firm level. Using a unique dataset on recruitment policies of firms in four European countries, the determinants of demand for internationally mobile high-skilled employees are established. I investigate the number, origin, skills, and...
Persistent link: https://www.econbiz.de/10001612813
Using panel data for West Germany and Great Britain, we show that there are striking differences in overtime work and … the evolution of the monthly labour earnings distribution and individual economic well-being differently in West Germany … regards to West Germany, we show that the current policy of transforming paid overtime in "working time accountsʺ, which is …
Persistent link: https://www.econbiz.de/10001610707
The interrelationship between financial constraints and firm activity is a hotly debated issue. The way firms cope with financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of growth and development. The CBI Industrial Trends Survey contains...
Persistent link: https://www.econbiz.de/10002681975
Persistent link: https://www.econbiz.de/10001998057
The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...
Persistent link: https://www.econbiz.de/10003304957
Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and...
Persistent link: https://www.econbiz.de/10003884917
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks’...
Persistent link: https://www.econbiz.de/10003889133
In this paper we provide evidence for Evans and Lyons' (2005b) model of an information aggregation process in FX markets using a German bank's end-user order flow from 2002 to 2003. Though customer order flow is unambiguously the vehicle incorporating non-public information into exchange rates...
Persistent link: https://www.econbiz.de/10003453446
groups and of different size. -- Market power-risk nexus ; international banking ; micro-data ; Germany …
Persistent link: https://www.econbiz.de/10008667402
This paper discusses a factor model for estimating monthly GDP using a large number of monthly and quarterly time series in real-time. To take into account the different periodicities of the data and missing observations at the end of the sample, the factors are estimated by applying an EM...
Persistent link: https://www.econbiz.de/10003383602