Showing 1 - 10 of 189
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …
Persistent link: https://www.econbiz.de/10012754560
This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period 1976-98 and applying recent GMM techniques developed for dynamic panels. On balance, we find that stock markets and banks positively influence economic growth and these findings...
Persistent link: https://www.econbiz.de/10013231409
religious organization are able to insure their consumption stream against income shocks and find strong insurance effects for … services are able to insure their stream of happiness against income shocks and find strong happiness insurance effects for … alternative form of insurance for both whites and blacks though the mechanism by which religious organizations provide insurance …
Persistent link: https://www.econbiz.de/10012762393
Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such … insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put …
Persistent link: https://www.econbiz.de/10012763566
exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10012796259
rate among these children. Because not all of the take-up of public insurance among eligible children is accounted for by … children who transfer from being uninsured to having public insurance, our results suggest that there may be some crowd-out of … private insurance coverage; the upper bound crowd-out rate we calculate is 46 percent …
Persistent link: https://www.econbiz.de/10013113249
mechanisms? This paper shows that under perfect insurance, marginal utility should grow at the same rate for all consumers, and … correlated with it under perfect insurance, including illness, being fired from a job, etc …
Persistent link: https://www.econbiz.de/10013238724
This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no … 1970-1998, a period in which many states adopted compulsory insurance regulations and/or no-fault laws. Using an … instrumental variables approach, we find evidence that automobile insurance has moral hazard costs, leading to an increase in …
Persistent link: https://www.econbiz.de/10013211636
Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...
Persistent link: https://www.econbiz.de/10013046162
The effects of supply-side policies in depressed economies are controversial. We shed light on this debate using evidence from France in the 1930s. In 1936, France departed from the gold standard and implemented mandatory wage increases and hours restrictions. Deflation ended but output...
Persistent link: https://www.econbiz.de/10012995511