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New technologies and productivity growth in the euro area
Vijselaar, Focco; Albers, Ronald - 2002
Persistent link: https://www.econbiz.de/10001670883
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Medium run redux : technical change, factor shares and frictions in the euro area
McAdam, Peter (contributor); Willman, Alpo (contributor) - 2008
We develop a framework for analyzing "medium-runʺ departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking "directedʺ technical change) with a below-unitary substitution elasticity coupled with...
Persistent link: https://www.econbiz.de/10003782663
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New technologies and jobs in Europe
Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - 2023
We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased in...
Persistent link: https://www.econbiz.de/10014343139
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Financial intermediation and technology : what's old, what's new?
Boot, Arnoud W. A.; Hoffmann, Peter; Laeven, Luc; … - 2020
of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …
Persistent link: https://www.econbiz.de/10012241264
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The euro area financial system
Hartmann, Philipp; Maddaloni, Angela; Manganelli, Simone - 2003
Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and...
Persistent link: https://www.econbiz.de/10009635984
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Developing statistical indicators of the integration of the euro area banking system
Manna,Michele - 2004
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...
Persistent link: https://www.econbiz.de/10009636523
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How does competition affect efficiency and soundness in banking? : new empirical evidence
Schaeck, Klaus (contributor); Čihák, Martin (contributor) - 2008
A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator … bank soundness. We find evidence that competition robustly increases bank soundness, via the efficiency channel …
Persistent link: https://www.econbiz.de/10003789457
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Euro area banking sector integration : using hierarchical cluster analysis techniques
Sørensen, Christoffer Kok (contributor);  … - 2006
In this study we apply cluster analysis techniques, including a novel smoothing method, to detect some basic patterns and trends in the euro area banking sector in terms of the degree of homogeneity of countries. We find that in the period 1998-2004 the banking sectors in the euro area countries...
Persistent link: https://www.econbiz.de/10003337152
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Probability of informed trading on the euro overnight market rate : an update
Idier, Julien; Nardelli, Stefano - 2008
In this paper the probability of informed trading (PIN) model developed by Easley and O'Hara (1992) is applied to analyze the role and impact of heterogeneities in euro overnight unsecured market. The empirical assessment of the functioning of this market is based on the PIN which measures the...
Persistent link: https://www.econbiz.de/10003826076
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A new approach to measuring competition in the loan markets of the euro area
Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …
Persistent link: https://www.econbiz.de/10003484173