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Integration benefits on EU retail credit markets: evidence from interest rate pass-through
Heinemann, Friedrich; Schüler, Martin - 2002
convergence of adjustment speed on the fastest levels. …
Persistent link: https://www.econbiz.de/10010298095
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What Explains the Spread Between the Euro Overnight Rate and the ECB's Policy Rate?
Linzert, Tobias; Schmidt, Sandra - 2007
In this paper we employ a time series econometric framework to explore the structural determinants of the spread between the euro overnight rate and the ECB?s policy rate (EONIA spread) aiming to explain the widening of the EONIA spread in the period from mid-2004 to mid-2006. We mainly estimate...
Persistent link: https://www.econbiz.de/10010297976
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How integrated are the European retail financial markets? A cointegration analysis
Heinemann, Friedrich; Schüler, Martin - 2002
With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this...
Persistent link: https://www.econbiz.de/10010298099
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Does fixed-term contract employment raise firms' adjustment-speed? Evidence from an establishment panel for West-Germany
Hagen, Tobias - 2001
, empirical studies using industry-level data find no significant effect of FTCs on employment adjustment. This paper investigates …-Establishment Panel for West Germany in 1996-2000. Using a GMM estimator and comparing the estimated adjustment of total employment to the … adjustment of permanent contract employment some evidence is found that FTCs raise firms? adjustment-speed. …
Persistent link: https://www.econbiz.de/10010297794
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The Benefits of Creating an Integrated EU Market for Investment Funds
Heinemann, Friedrich - 2002
The fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market?s degree of integration, the potential benefits from more integration and the obstacles to cross-border sales of funds. The analysis shows that...
Persistent link: https://www.econbiz.de/10010298094
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Integration of the European market for e-finance: evidence from online brokerage
Schüler, Martin - 2002
The internet revolution is said to foster integration of the market for financial services, since consumers are able to shop around at all companies worldwide and firms can easily offer their services on the internet at a minimum of distribution cost. However, the European market for online...
Persistent link: https://www.econbiz.de/10010298097
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A New Metric for Banking Integration in Europe
Gropp, Reint E.; Kashyap, Anil K. - 2008
Most observers have concluded that while money markets and government bond markets are rapidly integrating following the introduction of the common currency in the euro area, there is little evidence that a similar integration process is taking place for retail banking. Data on cross-border...
Persistent link: https://www.econbiz.de/10010298683
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The Impact of a Stock Market Downturn on Corporate Financing Activities in Germany
Westerheide, Peter; Meitner, Matthias - 2005
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks' and on the borrowers' balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10010297504
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Map Intersection Based Merging Schemes for Administrative Data Sources and an Application to Germany
Arntz, Melanie; Wilke, Ralf A. - 2005
In many situations the applied researcher wants to combine different data sources without knowing the exact link and merging rule. This paper introduces a theoretical framework how two different regional administrative data sources can be merged. It presents different merging schemes based on...
Persistent link: https://www.econbiz.de/10010297429
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Empirical determinants of employee resistance against innovations
Zwick, Thomas - 2000
Employee resistance against innovations is a virulent phenomenon and there is a broad theoretical literature on its determinants. The empirical evidence is scarce, however, and mainly provides descriptive evidence on the incidence of the phenomenon and concentrates on the effectiveness of change...
Persistent link: https://www.econbiz.de/10010297711