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Trends and Cycles in China's Macroeconomy
Chang, Chun - 2015
We make four contributions in this paper. First, we provide a core of macroeconomic time series usable for systematic research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend and cycle. Third, we build a theoretical model...
Persistent link: https://www.econbiz.de/10013021472
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Incentive Pay and Bank Risk-Taking : Evidence from Austrian, German, and Swiss Banks
Efing, Matthias; Hau, Harald; Kampkötter, Patrick; … - 2021
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …
Persistent link: https://www.econbiz.de/10013224886
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Building Relationships Early : Banks in Venture Capital
Hellmann, Thomas F. - 2014
increases a bank's likelihood of providing a loan. Companies may benefit from these relationships through more favorable loan …
Persistent link: https://www.econbiz.de/10012752667
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Marketplace Institutions Related to the Timing of Transactions
Roth, Alvin E. - 2010
This note describes the unraveling of transaction dates in several markets, including the labor markets for new lawyers hired by large law firms and for gastroenterology fellows, and the market for post-season college football bowls. Together these will illustrate that unraveling can occur in...
Persistent link: https://www.econbiz.de/10013135760
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International Trade and Institutional Change
Levchenko, Andrei A. - 2011
This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which imperfect institutions create rents for some parties within the economy, and are a source of comparative...
Persistent link: https://www.econbiz.de/10013117386
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Institutional Comparative Statics
Robinson, James A. - 2011
Why was the Black Death followed by the decline of serfdom in Western Europe but its' intensification in Eastern Europe? What explains why involvement in Atlantic trade in the Early Modern period was positively correlated with economic growth in Britain but negatively correlated in Spain? Why...
Persistent link: https://www.econbiz.de/10013124230
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Reshaping Institutions : Evidence on Aid Impacts Using a Pre-Analysis Plan
Casey, Katherine P. - 2011
Although institutions are believed to be key determinants of economic performance, there is limited evidence on how they can be successfully reformed. Evaluating the effects of specific reforms is complicated by the lack of exogenous variation in the presence of institutions; the difficulty of...
Persistent link: https://www.econbiz.de/10013125582
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Marriage Institutions and Sibling Competition : Evidence from South Asia
Vogl, Tom - 2012
Using data from South Asia, this paper examines how arranged marriage cultivates rivalry among sisters. During marriage search, parents with multiple daughters reduce the reservation quality for an older daughter's groom, rushing her marriage to allow sufficient time to marry off her younger...
Persistent link: https://www.econbiz.de/10013101815
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Legal Institutions and Financial Development
Beck, Thorsten - 2012
Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing...
Persistent link: https://www.econbiz.de/10013104845
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The Link between Fundamentals and Proximate Factors in Development
Keller, Wolfgang - 2013
The paper introduces a framework for studying the hierarchy of growth factors, from deep to more immediate. The specific setting we examine is 18th and 19th century Germany, when institutional changes introduced by reforms and transportation improvements converged to create city growth. We...
Persistent link: https://www.econbiz.de/10013086487