The German financial system is characterized by low degrees of penetration by foreign commercial banks and of (bank) disintermediation compared to, for instance, the United States. This could be attributed to the fact that universal banking in Germany creates implicit barriers to entry. Yet,...

The German financial system is characterized by low degrees of penetration by foreign commercial banks and of (bank) disintermediation compared to, for instance, the United States. This could be attributed to the fact that universal banking in Germany creates implicit barriers to entry. Yet,...

Recent studies have shown that there are significant earnings differentials between immigrants and natives in Switzerland. The goal of this paper is to determine whether these differences can be attributed to diverging socio-economic endowments or to discrimination. We use the well-known...

This paper is concerned with the analysis of the labor market performance of immigrants. In a first step, probit regressions on the unemployment probabilities for immigrants and natives are estimated for the pooled cross-section of 1991 and 1995. In a second step, the asymmetry in the sectoral...