Showing 1 - 10 of 164
Persistent link: https://www.econbiz.de/10011448563
We present a quarterly narrative database of important labour market reforms in selected euro area economies in between 1995 and 2018 covering 60 events. We provide legal adoption and implementation dates of major reforms to employment protection legislation and unemployment benefits. Estimates...
Persistent link: https://www.econbiz.de/10013168212
Persistent link: https://www.econbiz.de/10009765141
Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous … structural reform. However, it is much less clear whether progress can be ascribed to EMU membership. To explore further the … influence of monetary regime, the paper undertakes an econometric examination of the likelihood that countries undertake reform …
Persistent link: https://www.econbiz.de/10003290339
The objective of this paper is to investigate which factors ] macroeconomic, policy ]related or institutional ] foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such...
Persistent link: https://www.econbiz.de/10011662947
Control Method to estimate the impact of 23 wide-reaching structural reform packages (including both real and financial sector … significant positive effect on GDP per capita only after five years. Ten years after the beginning of a reform wave, GDP per … tests, and to different indicators of reform. …
Persistent link: https://www.econbiz.de/10011747694
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
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
Banks play a special role as providers of informative signals about the quality and value of their borrowers. Such signals, however, may have a quality of their own as the banks' selection and monitoring abilities may differ. Using an event study methodology, we study the importance of the...
Persistent link: https://www.econbiz.de/10003832012
This paper analyzes the effects of bank mergers on bank-firm relationships. Using matched bank-firm level data, I find that mergers disrupt lending relationships, specially to small borrowers of target banks. However, I find significant positive effects of mergers for borrowers that continue the...
Persistent link: https://www.econbiz.de/10003790938