Showing 1 - 10 of 236
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies at the EMU periphery. It identifies international trade,...
Persistent link: https://www.econbiz.de/10012773503
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed …
Persistent link: https://www.econbiz.de/10012954407
' sources of influence (e.g., lobbying expenditures, proximity to the relevant legislative committee, prior affiliation with … sources of influence in actual regulatory treatment: Lobbying activities are more effective with increasing lobbying …
Persistent link: https://www.econbiz.de/10013018007
The global nature of derivatives markets, and the presence of large key financial institutions trading in several markets across the globe, call for taking a “macro” view on the interconnections arising in the clearing network. Based on the analysis of derivatives transactions data reported...
Persistent link: https://www.econbiz.de/10012844618
When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
Persistent link: https://www.econbiz.de/10013051175
The world has been struck by a mutating systemic financial crisis that is unprecedented in terms of financial losses and fiscal costs, geographic reach, and speed and synchronisation. The crisis from August 2007 to date can be divided into three main phases: the financial turmoil from August...
Persistent link: https://www.econbiz.de/10013101191
Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous … structural reform. However, it is much less clear whether progress can be ascribed to EMU membership. To explore further the … influence of monetary regime, the paper undertakes an econometric examination of the likelihood that countries undertake reform …
Persistent link: https://www.econbiz.de/10012780843
of over 1100 Chinese companies during the period of ownership reform (1997-2003), this paper examines the performance … methods taken to restructure the ownership of state firms, such as full versus partial privatization. For China, a state …-capitalist nation and the world's largest state sector under transition, the mix of state and private ownership -- partial privatization …
Persistent link: https://www.econbiz.de/10013074635
Using microdata from the Household Finance and Consumption Survey (HFCS), this study examines the role of inheritance, income and welfare state policies in explaining differences in household net wealth within and between euro area countries. First, about one third of the households in the 13...
Persistent link: https://www.econbiz.de/10013014961
The aim of this paper is to assess whether the findings of Romer and Romer (2000) on the superiority of staff forecasts are still valid today. The paper uses both latest available econometric techniques as well as conventional tests. Several tests for forecast rationality show that a necessary...
Persistent link: https://www.econbiz.de/10013060042