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Persistent link: https://www.econbiz.de/10010482451
The paper provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan. These …
Persistent link: https://www.econbiz.de/10003456409
Persistent link: https://www.econbiz.de/10001174363
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition … on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …
Persistent link: https://www.econbiz.de/10003484173
We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...
Persistent link: https://www.econbiz.de/10011647903
International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining "border effects" that are arguably related to the ICT revolution...
Persistent link: https://www.econbiz.de/10012216588
dimensionality reduction optimally, given the nature of our dataset which features a large number of dimensions for each bank ('fat …
Persistent link: https://www.econbiz.de/10011656196
This paper examines the effects of monetary policy on the equity values of European banks. We identify monetary policy shocks by looking at changes in the EONIA one-month and two-year swap contract rates during narrow windows around the press statements and press conferences announcing monetary...
Persistent link: https://www.econbiz.de/10011928956
between monetary policy (MP) and bank stability. This technical paper sheds light, quantitatively, on the different mechanisms … underlying the relationship between MP and bank stability. It does so by reviewing microeconometric studies from the academic … touchstone. First, it provides a brief overview of the main theoretical channels linking bank stability and the transmission of …
Persistent link: https://www.econbiz.de/10012165336
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