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Bank heterogeneity and monetary policy transmission

Brissimis, Sophocles N.; Delēs, Manthos D. - 2010

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

Wage setting and wage flexibility in Ireland : results from a firm-level survey

Keeney, Mary; Lawless, Martina - 2010

This paper investigates the wage-setting behaviour of Irish firms. We place particular emphasis on the use of flexible pay components and examine how these allow firms to deal with shocks requiring a reduction in costs without having to cut base wages. The results presented in this paper are...

Persistent link: https://www.econbiz.de/10003972850

Non-base wage components as a source of wage adaptability to shocks : evidence from European firms, 2010-2013

Babeckij, Jan; Berson, Clémence; Fadejeva, Ludmila; … - 2018

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

Ranking, risk-taking and effort: an analysis of the ECB's foreign reserves management

Scalia, Antonio; Sahel, Benjamin - 2011

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

Universal banks and corporate control : evidence from the global syndicated loan market

Ferreira, Miguel A.; Matos, Pedro - 2009

Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...

Persistent link: https://www.econbiz.de/10003867057

Determinants and consequences of the unification of dual-class shares

Pajuste, Anete (contributor) - 2005

This paper explores the reasons why an increasing number of firms in continental Europe are unifying their shares into a single class, and analyzes the consequences of this restructuring. Interestingly, recent changes in corporate governance environment have created a situation when the reasons...

Persistent link: https://www.econbiz.de/10002817441

Capital market development, corporate governance and the credibility of exchange rate pegs

Castrén, Olli; Takalo, Tuomas - 2000

Persistent link: https://www.econbiz.de/10001554426

History, gravity and international finance

Chiţu, Livia; Eichengreen, Barry; Mehl, Arnaud - 2012

Persistent link: https://www.econbiz.de/10009765142

A twin crisis with multiple banks of issue : Spain in the 1860s

Moro, Alessio; Nuño, Galo; Tedde de Lorca, Pedro - 2013

Persistent link: https://www.econbiz.de/10009766345

Market based compensation, price informativeness and short-term trading

Calcagno, Riccardo (contributor); … - 2007

This paper shows that there is a natural trade-off when designing market based executive compensation. The benefit of market based pay is that the stock price aggregates speculators' dispersed information and therefore takes a picture of managerial performance before the long-term value of a...

Persistent link: https://www.econbiz.de/10003433582

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