Showing 1 - 10 of 515
Persistent link: https://www.econbiz.de/10009424798
This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …
Persistent link: https://www.econbiz.de/10014399229
Past studies on the relationship between electricity consumption and temperature have primarily focused on individual …, overcoming the data constraint by using grid-level night light and temperature data. Mostly generated by electricity and recorded … by satellites, night light has a strong linear relationship with electricity consumption and is correlated with both its …
Persistent link: https://www.econbiz.de/10012517931
this context, the paper discusses the different experiences of the UK (where employment increased) and Spain (where it fell … sharply), and finds that almost two thirds of the employment losses in Spain resulted from the failure of real wages to adjust …
Persistent link: https://www.econbiz.de/10011408256
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012170132
In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper offers a more comprehensive assessment of Italian competitiveness, focusing on the role of innovation and the evolution of Italy’s export market share. Overall, Italy maintains a...
Persistent link: https://www.econbiz.de/10014411220
's success story, highlighting crucial policies in education and electricity sectors. It undertakes a forward-looking costing … exercise that focusses on five sectors - education, health, roads, water, and electricity infrastructure. Achieving the …
Persistent link: https://www.econbiz.de/10012177601
Persistent link: https://www.econbiz.de/10009424697
How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and financial markets. We find that a one percentage point increase in the probability of...
Persistent link: https://www.econbiz.de/10012517941
This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks...
Persistent link: https://www.econbiz.de/10012103606