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Bank Efficiency and Regional Growth in Europe : New Evidence from Micro-Data
Belke, Ansgar Hubertus - 2017
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 profit and cost efficiency...
Persistent link: https://www.econbiz.de/10012963950
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Credit Constraints and Investment in Human Capital : Training Evidence from Transition Economies
Popov, Alexander A. - 2013
Using a unique survey database of 8265 firms from 25 transition economies, I find that lack of access to finance in general, and to bank credit in particular, is associated with significantly lower investment in on-the-job training. This effect is stronger in education-intensive industries and...
Persistent link: https://www.econbiz.de/10013073659
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A New Optimum Currency Area Index for the Euro Area
Kunovac, Davor; Palenzuela, Diego Rodriguez; Sun, Yiqiao - 2022
We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the … index, nevertheless, shows that cyclical convergence among euro area members is not a steady process as it tends to be … index embarks on a recovery trajectory catching up with its pre-crisis level. Our OCA index is slow-moving and a good …
Persistent link: https://www.econbiz.de/10014076631
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The Public Sector Pay Gap in a Selection of Euro Area Countries
Giordano, Raffaela - 2011
We investigate the public-private wage differentials in ten euro area countries (Austria, Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Slovenia and Spain). To account for differences in employment characteristics between the two sectors, we focus on micro data taken from EU-SILC....
Persistent link: https://www.econbiz.de/10013118028
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The Effects of Emu on Structural Reforms in Labour and Product Markets
Duval, Romain - 2006
Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous. New descriptive evidence provided in this paper suggests that euro-area countries have made relatively good progress in structural reform. However, it is much less clear...
Persistent link: https://www.econbiz.de/10012780843
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A Macroeconomic Vulnerability Model for the Euro Area
Sondermann, David - 2019
Macroeconomic imbalances increase the vulnerability of an economy to adverse shocks, which in turn can lead to crises with severe economic and social costs. We propose an early warning model that predicts such crises. We identify a set of macroeconomic indicators capturing domestic and external...
Persistent link: https://www.econbiz.de/10012864788
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Household Wealth in the Euro Area : The Importance of Intergenerational Transfers, Homeownership and House Price Dynamics
Mathae, Thomas - 2014
Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth accumulation process, i) homeownership, ii) housing value...
Persistent link: https://www.econbiz.de/10013054675
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External and Macroeconomic Adjustment in the Larger Euro Area Countries
Angelini, Elena - 2014
A balanced current account in the euro area has disguised sizeable net lending imbalances at the country level, exposing the common currency area to severe pressures during the financial crisis. The key contribution of this paper is to evaluate the adjustment process through the lenses of the...
Persistent link: https://www.econbiz.de/10013058554
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Euro Area Business Cycles in Turbulent Times : Convergence or Decoupling?
Ferroni, Filippo - 2015
We study the business cycle properties of the four largest euro area economies in the wake of the recent recession episodes. The analysis is based on the factors estimated from a multi-country and multi-sector data-rich environment. We measure alikeness of business cycles by studying the...
Persistent link: https://www.econbiz.de/10013019638
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Enterprise Productivity : A Three-Speed Europe
Dall'Olio, Andrea - 2014
Between 2003 and 2008 productivity patterns diverged between the fast growing, newest members of the European Union and the slower paced, elder ones - as would be expected. However, there are also striking divergences within the latter group, with productivity in Southern Europe going into...
Persistent link: https://www.econbiz.de/10013043123