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

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

which information costs and regulations hold back merger activity. Our results suggest that banks operating in more …

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

Kleinert, Jörn; Klodt, Henning - 2002

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

Persistent link: https://www.econbiz.de/10010271917

TAFTA - a dead horse or an attractive open club?

Siebert, Horst - 2005

A Transatlantic Free Trade Area (TAFTA) has been proposed in the mid-1990s to revitalize the economic and political ties between the United States and the European Union. This paper discusses the expected economic gains from such a free trade area for its members with respect to trade in goods...

Persistent link: https://www.econbiz.de/10010273144

Estimating the shape of economic crises under heterogeneity

Dovern, Jonas; Jannsen, Nils - 2009

During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....

Persistent link: https://www.econbiz.de/10010265233

Why it pays for aid recipients to take note of the Millennium Challenge Corporation: Other donors do!

Dreher, Axel; Nunnenkamp, Peter; Öhler, Hannes - 2010

It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...

Persistent link: https://www.econbiz.de/10010277984

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

Nunnenkamp, Peter - 2001

The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...

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

Economic impact of climate change: simulations with a regionalized climate-economy model

Deke, Oliver; Hooss, Kurt Georg; Kasten, Christiane; … - 2001

Climate change affects the physical and biological system in many regions of the world. The extent to which human systems will suffer economically from climate change depends on the adaptive capabilities within a region as well as across regions. We use an economic General-Equilibrium model and...

Persistent link: https://www.econbiz.de/10010265498

Did the Revision of the ECB Monetary Policy Strategy Affect the Reaction Function?

Colavecchio, Roberta; Carstensen, Kai - 2004

In May 2003 the European Central Bank (ECB) announced the revision of its monetary policy strategy. Although the ECB stressed that the revision would not imply any fundamental change in their decisions, this remains to be verified empirically. Therefore, this paper tries to answer the question...

Persistent link: https://www.econbiz.de/10010260501

Measuring the Effects of Monetary Policy in the Euro Area: The Role of Anticipated Policy

Höppner, Florian; Gottschalk, Jan - 2001

This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane which yields the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated...

Persistent link: https://www.econbiz.de/10010260606

CAP Reform, the Berlin Summit, and EU Enlargement

Schrader, Jörg-Volker - 2000

The paper discusses the decisions on the CAP in the context of the Berlin summit. In a rather broad perspective the agricultural sectoral and related objectives are analyzed for their consistency and compatability with higher ranking societal objectives. The policies' allocational and...

Persistent link: https://www.econbiz.de/10010260631