Similar Search Results

Determinants of workers’ remittances: evidence from the European Neighbouring Region

Schiopu, Ioana; Siegfried, Nikolaus - 2006

Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the … main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus … investment motive. Finally, migrants’ skills raise remittances, while a large informal economy in the sending country depresses …

Persistent link: https://www.econbiz.de/10011604734

Medium run redux: technical change, factor shares and frictions in the euro area

McAdam, Peter; Willman, Alpo - 2008

We develop a framework for analyzing “medium-run” departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking “directed” technical change) with a below-unitary substitution elasticity coupled with...

Persistent link: https://www.econbiz.de/10011604961

Finance and growth in the EU: new evidence from the liberalisation and harmonisation of the banking industry

De Ávila, Diego Romero - 2003

Persistent link: https://www.econbiz.de/10011604312

The effect of financial development on the investment cash flow relationship: cross-country evidence from Europe

Becker, Bo; Sivadasan, Jagadeesh - 2006

We investigate financing constraints in a large cross-country data set covering most of the European economy. Firm level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are significantly positive on average, controlling for country...

Persistent link: https://www.econbiz.de/10011604735

Finance and diversification

Manganelli, Simone; Popov, Alexander - 2010

We study how financial market efficiency affects a measure of diversification of output across industrial sectors borrowed from the portfolio allocation literature. Using data on sector-level value added for a wide cross section of countries and for various levels of disaggregation, we construct...

Persistent link: https://www.econbiz.de/10011605305

Systemic risk and financial development in a monetary model

Moutot, Philippe - 2011

In a stochastic pure endowment economy with money but no financial markets, two types of agents trade one non-durable good using two alternative types of cash constraints. Simulations of the corresponding variants are compared to Arrow-Debreu and Autarky equilibriums. First, this illustrates how...

Persistent link: https://www.econbiz.de/10011605398

Retail payments and the real economy

Hasan, Iftekhar; De Renzis, Tania; Schmiedel, Heiko - 2013

This paper examines the fundamental relationship between retail payments and the real economy. Using data from across 27 European markets over the period 1995-2009, the results confirm that migration to efficient electronic retail payments stimulates the overall economy, consumption and trade....

Persistent link: https://www.econbiz.de/10011605617

Bank efficiency and regional growth in Europe: new evidence from micro-data

Belke, Ansgar; Haskamp, Ulrich; Setzer, Ralph - 2016

This paper examines whether European regions which incorporate banks with a higher intermediation quality grow faster and are more resilient to negative shocks than its less efficient peers. For this purpose, we measure a bank's intermediation quality by estimating its pro t and cost efficiency...

Persistent link: https://www.econbiz.de/10011606028

Finance and carbon emissions

de Haas, Ralph; Popov, Alexander - 2019

We study the relation between the structure of financial systems and carbon emissions in a large panel of countries and industries over the period 1990-2013. We find that for given levels of economic and financial development and environmental regulation, CO2 emissions per capita are lower in...

Persistent link: https://www.econbiz.de/10012142162

Global and local drivers of Bitcoin trading vis-à-vis fiat currencies

Di Casola, Paola; Habib, Maurizio Michael; … - 2023

We analyse the drivers of Bitcoin transactions against 44 fiat currencies in the largest peer-to-peer crypto exchanges. Momentum and volatility in the cryptoasset market, as well as volatility and liquidity in global financial markets do matter for Bitcoin trading. There is suggestive evidence...

Persistent link: https://www.econbiz.de/10014543605