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Enterprise productivity : a three-speed Europe ; the competitiveness research network

Dall’Olio, Andrea; Iootty, Mariana; Kanehira, Naoto; … - 2014

Persistent link: https://www.econbiz.de/10010482485

Trade effects of the euro : evidence from sectoral data

Baldwin, Richard E. (contributor); … - 2005

This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a theoretical model for explaining how the euro could have increased trade by the large amounts found in the empirical literature. Second, we propose a sectoral dataset to test the...

Persistent link: https://www.econbiz.de/10002817377

Capital flows and the US "New Economy" : consumption smoothing and risk exposure

Miller, Marcus (contributor); Castrén, Olli (contributor); … - 2005

In an analytically tractable model of the global economy, we calculate the Pareto improvement where a country experiencing a favourable supply side shock consumes more against expected future output and spreads the risk by selling shares. With capital inflows to finance the "New Economy";...

Persistent link: https://www.econbiz.de/10002817425

SEPA, efficiency, and payment card competition

Bolt, Wilko; Schmiedel, Heiko - 2009

This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...

Persistent link: https://www.econbiz.de/10003969543

Optimal research in financial markets with heterogeneous private information : a rational expectations model

Tinn, Katrin (contributor) - 2005

This paper investigates prices and endogenous research decision for financial assets. In rational expectations models … this paper extends this setting by incorporating the research cost decision and endogenising the variance of the private … signals that short-lived investors obtain in each period. It turns out that investors will be less willing to research in …

Persistent link: https://www.econbiz.de/10003014962

International monetary policy coordination and financial market integration

Sutherland, Alan (contributor) - 2002

Persistent link: https://www.econbiz.de/10001702821

Price setting and the steady-state effects of inflation

Casares, Miguel - 2002

Persistent link: https://www.econbiz.de/10001670907

Financial market integration and loan competition : when is entry deregulation socially beneficial?

Kaas, Leo (contributor) - 2004

Persistent link: https://www.econbiz.de/10002555017

Gains from international monetary policy coordination : does it pay to be different?

Liu, Zheng (contributor); Pappa, Euē (contributor) - 2005

This paper presents a new argument for international monetary policy coordination based on considerations of structural asymmetries across countries. In a two-country world with a traded and a non-traded sector in each country, optimal independent monetary policy cannot replicate the...

Persistent link: https://www.econbiz.de/10003057302

Non-fundamental exchange rate volatility and welfare

Straub, Roland (contributor); Tchakarov, Ivan (contributor) - 2004

Persistent link: https://www.econbiz.de/10002124936