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Trade liberalization and credit constraints : why opening up may fail to promote convergence

Peters, Katrin; Schnitzer, Monika - 2012

Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and … liberalization increases economic performance, that is average productivity and technology adoption, in both countries but that the … productivity gap widens. Simulations show that the welfare gap widens too. Opening up without sufficient access to external funding …

Persistent link: https://www.econbiz.de/10009571627

The political economy of corruption and the role of financial institutions

Boerner, Kira; Hainz, Christa - 2006

In many developing countries, we observe rather high levels of corruption. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. We explain why citizens do not exert enough political pressure to reduce corruption if...

Persistent link: https://www.econbiz.de/10010343937

Technology transfer and spillovers in international joint ventures

Müller, Thomas; Schnitzer, Monika - 2005

It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that this need not be the case if host country policies like taxation are taken into account. Furthermore, we examine the incentives the multinational and the host country have to...

Persistent link: https://www.econbiz.de/10010366560

Financial constraints and innovation : why poor countries don't catch up

Gorodnichenko, Yuriy; Schnitzer, Monika - 2010

and export activities, using unique firm survey data which provides direct measures for innovations and firm …

Persistent link: https://www.econbiz.de/10008823197

Integrating with their feet : cross-border lending at the German-Austrian border

Fidrmuc, Jarko; Hainz, Christa - 2008

The current economic policy discussion on financial integration in the European Union concentrates on cross-border mergers. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft information on borrowing firms and predict that the closer firms...

Persistent link: https://www.econbiz.de/10010343928

Financial constraints and the margins of FDI

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2009

Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross …

Persistent link: https://www.econbiz.de/10003909210

The politician and his banker

Hainz, Christa; Hakenes, Hendrik - 2007

Should the European Union grant state aid through an institution like the European Investment bank? This paper evaluates the efficiency of different measures for granting state aid. We use a theoretical model with firms that differ in their creditworthiness and compare different types of...

Persistent link: https://www.econbiz.de/10010383023

Bank competition : when is it good?

Hainz, Christa - 2008

The effects of bank competition and institutions on credit markets are usually studied separately although both factors are interdependent. We study the effect of bank competition on the choice of contracts (screening versus collateralized credit contract) and explicitly capture the impact of...

Persistent link: https://www.econbiz.de/10010343924

Foreign banks in Eastern Europe : mode of entry and effects on bank interest rates

Claeys, Sophie; Hainz, Christa - 2006

Credit markets in many Eastern European countries are now dominated by foreign-owned banks. We analyze the development for foreign ownership and its impact on lending rate in ten Eastern European countries between 1995 and 2003. Currently, the majority of loans from foreign banks is granted by...

Persistent link: https://www.econbiz.de/10010343954

The effect of bank competition on the bank's incentive to collateralize

Hainz, Christa - 2007

It has been argued that competing banks make inefficiently frequent use of collateralization in situations where they are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and collateralization in a model where banks do not have this...

Persistent link: https://www.econbiz.de/10010365861