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The Short-Run Effects of Gdpr on Technology Venture Investment
Jia, Jian - 2018
-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures …
Persistent link: https://www.econbiz.de/10012908155
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Data Privacy and Temptation
Liu, Zhuang; Sockin, Michael; Xiong, Wei - 2022
This paper derives a preference for data privacy from consumers' temptation utility. This approach facilitates a welfare analysis of different data privacy regulations, such as the GDPR enacted by the European Union and the CCPA enacted by the state of California, when a fraction of the...
Persistent link: https://www.econbiz.de/10014094625
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Free vs. Controlled Migration : Bilateral Country Study
Razin, Assaf - 2011
-controlled migration, distinguishing between source developing and developed countries. We utilize free-movement within the EU to examine … the free migration regime and compare that to immigration into the EU from two other groups, developed and developing …
Persistent link: https://www.econbiz.de/10013129125
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Safety-Net Benefits Conferred on Difficult-to-Fail-And-Unwind Banks in the Us and EU Before and During the Great Recession
Carbo-Valverde, Santiago - 2011
This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...
Persistent link: https://www.econbiz.de/10013130253
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Capital-Market Effects of Securities Regulation : Prior Conditions, Implementation, and Enforcement
Christensen, Hans Bonde - 2011
We examine the capital-market effects of changes in securities regulation in the European Union (EU) aimed at reducing … market abuse and increasing transparency. To estimate causal effects for the population of EU firms, we exploit that for … plausibly exogenous reasons, like national legislative procedures, EU countries adopted these directives at different times. We …
Persistent link: https://www.econbiz.de/10013130969
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Stochastic Growth in the United States and Euro Area
Ireland, Peter N. - 2011
This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which both neutral and investment-specific technology shocks are nonstationary but cointegrated across economies. The results point to large and persistent swings in productivity, both...
Persistent link: https://www.econbiz.de/10013131508
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The European Union, the Euro, and Equity Market Integration
Bekaert, Geert - 2010
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … segmentation is significantly lower for EU versus non- EU members. Bilateral valuation differentials remain lower for EU members …, financial regulation, and interest rate differences. Importantly, we find that EU membership reduces equity market segmentation …
Persistent link: https://www.econbiz.de/10013135396
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An Empirical Analysis of the Swaption Cube
Trolle, Anders B. - 2010
We use a comprehensive database of inter-dealer quotes to conduct the first empirical analysis of the dynamics of the swaption cube. Using a model independent approach, we establish a set of stylized facts regarding the cross-sectional and time-series variation of conditional volatility and...
Persistent link: https://www.econbiz.de/10013135764
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Eurosystem Monetary Targeting : Lessons from U.S. Data
Rudebusch, Glenn D. - 2010
Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient, with both higher inflation and output variability. This is...
Persistent link: https://www.econbiz.de/10013137167
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The Predictive Power of the Yield Curve Across Countries and Time
Chinn, Menzie David - 2010
In recent years, there has been renewed interest in the yield curve (or alternatively, the term premium) as a predictor of future economic activity. In this paper, we re-examine the evidence for this predictor, both for the United States, as well as European countries. We examine the sensitivity...
Persistent link: https://www.econbiz.de/10013137763