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International Trade, Technological Shocks and Spillovers in the Labour Market : A GVAR Analysis of the US Manufacturing Sector

Vansteenkiste, Isabel - 2007

-work allows for an assessment of both shocks to weakly exogenous variables and intra-industry spillovers. In this vein, beyond a … real compensation and employment. There is also evidence of positive spill-overs across industries from sector …

Persistent link: https://www.econbiz.de/10012777698

International R&D Spillovers : Technology Transfer vs. R&D Synergies

Dieppe, Alistair - 2013

We estimate a model of international technological spillovers that allows for both international and inter … direct technology transfer is positive while there are negative R&D spillovers. However, since R&D is found to positively … affect TFP in own sector, the model implies that after accounting for both R&D and TFP spillovers, there is a total positive …

Persistent link: https://www.econbiz.de/10013089240

International Spillovers in Inflation Expectations

Ciccarelli, Matteo - 2015

This paper investigates the factors behind developments in inflation expectations in euro area, the U.S. and the U.K. over the sample 2005-2015. Our analysis unveils the presence of a quantitatively important spillover from euro area long-term inflation expectations onto international ones, in...

Persistent link: https://www.econbiz.de/10013013644

Bank Concentration and Retail Interest Rates

Corvoisier, Sandrine; Gropp, Reint E. - 2001

The recent wave of mergers in the euro area raises the question, whether the increase in concentration has at least in part offset the increase in competition in European banking through deregulation. We test this question by estimating a simple Cournot model of bank pricing. We construct...

Persistent link: https://www.econbiz.de/10011604118

Bank mergers, competition and liquidity

Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003

Persistent link: https://www.econbiz.de/10011604338

Horizontal and vertical integration and securities trading and settlement

Tapking, Jens; Yang, Jing - 2004

This paper addresses a very European issue, the consolidation of securities trading and settlement infrastructures. In a two-country model, we analyze welfare implications of different types of consolidation. We find that horizontal integration of settlement systems is better than vertical...

Persistent link: https://www.econbiz.de/10011604433

Interlinking securities settlement systems: a strategic commitment?

Kauko, Karlo - 2005

Central securities depositories (CSDs) have opened mutual links, but most of them are seldom used. Why are idle links established? By allowing a foreign CSD to offer services through the link the domestic CSD invites competition. The domestic CSD can determine the cost efficiency of the rival by...

Persistent link: https://www.econbiz.de/10011604473

Pricing of settlement link services and mergers of central securities depositories

Tapking, Jens - 2007

This paper tries to contribute to the discussion on the role of securities settlement infrastructures for financial integration in Europe. It presents a model that can explain a well-known stylized fact of securities settlement, the surprisingly high fees charged by central securities...

Persistent link: https://www.econbiz.de/10011604756

How and when do markets tip? Lessons from the Battle of the Bund

Cantillon, Estelle; Yin, Pai-Ling - 2007

In a famous episode of financial history which lasted over eight years, the market for the future on the Bund moved entirely from LIFFE, a London-based derivatives exchange, to DTB, a Frankfurt-based exchange. This paper studies the determinants of the observed dynamics, using a novel panel...

Persistent link: https://www.econbiz.de/10011604812

Panel data estimates of the production function and product and labor market imperfections

Dobbelaere, Sabien; Mairesse, Jacques - 2007

Embedding the efficient bargaining model into the Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This article...

Persistent link: https://www.econbiz.de/10011604828

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