Showing 1 - 10 of 122
Heterogeneity in the response of banks to a change in monetary policy is an important element in the transmission of this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal factors influencing banks' reaction in terms of lending and...
Persistent link: https://www.econbiz.de/10008657136
Pundits around the world have criticized Germany for either trying to reshape Europe in its image or acting in its own self-interest. Germany has been accused of creating a new "empire," of pursuing a new Sonderweg, of "going global alone," of evasiveness, self-imposed isolation, and bullying....
Persistent link: https://www.econbiz.de/10012501528
This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010-2013. We find that firms subject to nominal wage...
Persistent link: https://www.econbiz.de/10011864135
The investment of the ECB reserves in US dollars and yen, delegated to a network of portfolio managers in the … existence of risk-shifting behaviour by reserve managers related to their year-to-date ranking: interim losers increase relative … risk in the second half of the year, in the same way as mutual fund managers. In the dollar case, risk-shifting is …
Persistent link: https://www.econbiz.de/10009380425
Organisations centring their operations around human resources, in which skills are instrumental to the attainment of organisational goals, should create a climate to incentivise performance: the returns on any training depend on employee performance. To elicit such performance, organisations...
Persistent link: https://www.econbiz.de/10013199348
Persistent link: https://www.econbiz.de/10012386925
This study contributes to the debate on VC-related policies that aim to support the growth of young high-tech firms in the EU. The study provides a systematic review of the results of 22 firm-level studies that estimate causal effects of VC using counterfactual impact evaluation methods and data...
Persistent link: https://www.econbiz.de/10014533546
A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key role in the transmission from competition to soundness....
Persistent link: https://www.econbiz.de/10003789457
This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...
Persistent link: https://www.econbiz.de/10003972857
Persistent link: https://www.econbiz.de/10013253091