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Macroeconomic Shocks and Foreign Bank Assets

Buch, Claudia M.; Carstensen, Kai; Schertler, Andrea - 2005

Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in...

Persistent link: https://www.econbiz.de/10010260537

Consumer preferences and the reliability of Euler equation tests of capital mobility: some simulation-based evidence

Pierdzioch, Christian; Doepke, Joerg; Buch, Claudia M. - 2002

The globalization of international financial markets has renewed interest in the measurement of capital mobility …

Persistent link: https://www.econbiz.de/10010260543

Cross-Border Bank Mergers: What Lures the Rare Animal?

DeLong, Gayle L.; Buch, Claudia M. - 2001

Although domestic mergers and acquisitions (M&As) in the financial services industry have increased steadily over the past two decades, international M&As were relatively rare until recently. This paper uses a novel dataset of over 2,300 mergers that took place between 1978 and 2001 to analyse...

Persistent link: https://www.econbiz.de/10010260608

What Determines Maturity? An Analysis for Foreign Assets of German Commercial Banks

Buch, Claudia M. - 2000

Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...

Persistent link: https://www.econbiz.de/10010260632

Less aid proliferation and more donor coordination? The wide gap between words and deeds

Aldasoro, Iñaki; Nunnenkamp, Peter; Thiele, Rainer - 2009

We present a two-step approach of assessing whether major donors of foreign aid have met recent demands for less proliferated and better coordinated aid efforts. First, we calculate Theil indices revealing the concentration of each donor's aid on recipient countries and specific aid sectors....

Persistent link: https://www.econbiz.de/10010265231

Liberalization and regulation of international capital flows: where the opposites meet

Nunnenkamp, Peter - 2001

reject the view that financial globalization has deprived national policymakers of the means to protect their economies …

Persistent link: https://www.econbiz.de/10010265483

Shooting the messenger of good news: a critical look at the World Bank's success story of effective aid

Nunnenkamp, Peter - 2002

In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the … policies. However, the World Bank's success story rests on an extremely weak foundation: First, the institution's contribution … the distribution of World Bank financing. Second, the picture portrayed in the report takes a bad turn if only two …

Persistent link: https://www.econbiz.de/10010265537

Sectoral aid priorities: Are donors really doing their best to achieve the millennium development goals?

Thiele, Rainer; Nunnenkamp, Peter; Dreher, Axel - 2006

We analyze the aid portfolio of various bilateral and multilateral donors, testing whether they have prioritised aid in line with the Millennium Development Goals (MDGs). In doing so, we combine sectorally disaggregated aid data with indicators reflecting the situation of recipient countries...

Persistent link: https://www.econbiz.de/10010272941

Does US aid buy UN general assembly votes? A disaggregated analysis

Dreher, Axel; Nunnenkamp, Peter; Thiele, Rainer - 2006

Using panel data for 143 countries over the period 1973-2002, this paper empirically analyzes the influence of US aid on voting patterns in the UN General Assembly. We use disaggregated aid data to account for the fact that various forms of aid may differ in their ability to induce political...

Persistent link: https://www.econbiz.de/10010272942

Does aid for education educate children? Evidence from panel data

Dreher, Axel; Nunnenkamp, Peter; Thiele, Rainer - 2006

This paper empirically analyzes the impact of aid on education for about 100 countries over the period 1970-2005. We estimate a system of equations to test whether and to what extent the impact of sector-specific aid on educational attainment depends on (i) the extent to which aid adds to...

Persistent link: https://www.econbiz.de/10010272955