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The International Market for Corporate Control
Chari, Anusha - 2020
This paper documents a set of stylized facts about recent trends in cross-border M&A (CBMA) activity around the world. The facts focus on key features of CBMA such as (i) the magnitude; (ii) how it varies across industries and locations; (iii) how it compares to levels of greenfield FDI over time;...
Persistent link: https://www.econbiz.de/10012479366
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Borders within Europe
Santamaría, Marta A. - 2020
Are country borders still an impediment to trade flows within Europe? Using a rich microlevel survey with 3 million annual shipments of goods by road across 269 European regions, we construct a matrix of bilateral trade flows for 12 industries from 2011 to 2017. We then use the causal inference...
Persistent link: https://www.econbiz.de/10012482519
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2009
Most observers have concluded that while money markets and government bond markets are rapidly integrating following the introduction of the common currency in the euro area, there is little evidence that a similar integration process is taking place for retail banking. Data on cross-border...
Persistent link: https://www.econbiz.de/10012463912
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Banks and Markets : The Changing Character of European Finance
Zingales, Luigi - 2003
In the last two decades the European financial markets have become more market oriented. We analyze the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we...
Persistent link: https://www.econbiz.de/10012469104
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The Politics of 1992 : Fiscal Policy and European Integration
Persson, Torsten - 1990
The internal market in Europe will greatly increase the international mobility of resources. How will this affect fiscal policy in different countries? The first part of the paper considers taxation of capital in a two country model, where a democratically chosen government in each country...
Persistent link: https://www.econbiz.de/10012475567
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Patent Rights, Product Market Reforms, and Innovation
Aghion, Philippe - 2013
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...
Persistent link: https://www.econbiz.de/10012459807
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Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Fehr, Hans - 2005
fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and …, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period …
Persistent link: https://www.econbiz.de/10012467008
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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86
Fischer, Stanley - 1987
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and … Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of … Japan as a projection. None of the countries has stuck rigorously to the targets, though the Bank of Japan has come close …
Persistent link: https://www.econbiz.de/10012476592
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Simulating the Elimination of the U.S. Corporate Income Tax
Fehr, Hans - 2013
We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring …
Persistent link: https://www.econbiz.de/10012458906
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Do Central Banks Rebalance Their Currency Shares?
Chinn, Menzie David; Itō, Hiro; McCauley, Robert N. - National Bureau of Economic Research - 2021
; Switzerland does rebalance its very large reserves, so that changes in exchange rates do not move its currency allocation. Our …
Persistent link: https://www.econbiz.de/10012616637