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to all consumer credits and mortgage loans contracted by natural persons for private purposes, as well as any payment …
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This paper analyses the pricing behaviour of Luxembourg firms based on survey evidence. Luxembourg firms typically have low market share, many competitors and longstanding customer relationships. Price discrimination is frequently applied. A majority of firms use price review rules that include...
Persistent link: https://www.econbiz.de/10009276975
This paper illustrates the usefulness of resampling based methods in the context of multiple (simultaneous) tests, with emphasis on econometric applications. Economic theory often suggests joint (or simultaneous) hypotheses on econometric models; consequently, the problem of evaluating joint...
Persistent link: https://www.econbiz.de/10005100723
La microfinance se développe progressivement dans la région du Moyen-Orient et d’Afrique du Nord (MENA) à travers des institutions de microfinance (IMF) très variées. L’objectif de la plupart de ces IMF est de concilier la performance sociale (PS) qui vise à réduire la pauvreté et la...
Persistent link: https://www.econbiz.de/10009145830
This paper studies the role of fluctuations in the aggregate price-earning ratio at different time-scales, for predicting stock returns and exploring the channels through which returns are forecasted. Using U.S. quartely data, we find that cycles in the price-earning ratio are strong and better...
Persistent link: https://www.econbiz.de/10008788682
loans, mortgage loans and loans to non-financial firms) from January 2003 to July 2007. The pass-through is estimated using … incomplete adjustment of bank rates to changes in market rates in the long-term for loans to non-financial firms and mortgage …
Persistent link: https://www.econbiz.de/10008528495