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A Global Macro Model for Emerging Europe
Feldkircher, Martin - 2013
This paper puts forward a global macro model comprising 43 countries and covering the period from Q1 1995 to Q4 2011. Our regional focus is on countries in Central, Eastern and Southeastern Europe (CESEE) and the Commonwealth of Independent States (CIS). Applying a global VAR (GVAR) model, we...
Persistent link: https://www.econbiz.de/10013370102
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The impact of international swap lines on stock returns of banks in emerging markets
Andrieș, Alin Marius; Fischer, Andreas M.; Yeșin, Pınar - 2015
This paper investigates the impact of international swap lines on stock returns using data from banks in emerging markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central and Eastern Europe. It then highlights the importance of...
Persistent link: https://www.econbiz.de/10011629985
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Undocumented worker employment and firm survivability
Brown, J. David; Hotchkiss, Julie L.; Quispe-Agnoli, Myriam - 2008
. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … their marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically …
Persistent link: https://www.econbiz.de/10010292269
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Reform and oversight mechanisms are not enough: Access to justice for workers and employment standards in Central Eastern European countries
Muszyński, Karol - 2020
From a strictly formal point of view, employment regulation in Czechia, Hungary, Poland and Slovakia (CEECs) provides an acceptable level of protection for employees. However, workers' formal rights are being violated and circumvented on a massive scale. Because the oversight system is...
Persistent link: https://www.econbiz.de/10014565837
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Digital labour in Central and Eastern Europe: Evidence from the ETUI internet and platform work survey
Piasna, Agnieszka; Drahokoupil, Jan - 2019
This working paper presents the results of the ETUI Internet and Platform Work Survey conducted in Bulgaria, Hungary, Latvia, Poland and Slovakia in 2018-2019. The objective is to map the extent of digital labour in central and eastern Europe (CEE). We analyse two types of online sources for...
Persistent link: https://www.econbiz.de/10014565873
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Risk and Rationality : Uncovering Heterogeneity in Probability Distortion
Bruhin, Adrian; Fehr-Duda, Helga; Epper, Thomas - 2009
It has long been recognized that there is considerable heterogeneity in individual risk taking behavior but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture regression model for three...
Persistent link: https://www.econbiz.de/10014207351
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Why pay taxes when no one else does?
Epstein, Gil S.; Gang, Ira N. - 2009
Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor market outcomes of immigrant couples and native or mixed couples. Here we propose an alternative test for the FIH which is based on a comparison between married and single...
Persistent link: https://www.econbiz.de/10010335989
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Herding in imperfect betting markets with inside traders
Schnytzer, Adi; Snir, Avichai - 2007
Herding is often considered as a phenomenon that drives prices of risky assets away from their equilibrium levels. In … for state-contingent assets. We provide strong evidence of herding behavior and show that the effects of herding are … with inside information are not always able to arbitrage away the effects of herding. …
Persistent link: https://www.econbiz.de/10010336033
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A nonlinear panel model of cross-sectional dependence
Kapetanios, George; Mitchell, James; Shin, Yongcheol - 2010
interpretations that relate to economic phenomena such as herding in financial markets. On an econometric level it provides a flexible …
Persistent link: https://www.econbiz.de/10010280753
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Why pay taxes when no one else does?
Epstein, Gil S.; Gang, Ira N. - 2009
In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a...
Persistent link: https://www.econbiz.de/10010282855