Showing 1 - 10 of 45
If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should - ceteris paribus - become less important in determining international bank lending. We are using a dataset on assets and...
Persistent link: https://www.econbiz.de/10011474062
Persistent link: https://www.econbiz.de/10004589020
Persistent link: https://www.econbiz.de/10013261139
Taking the mean-variance portfolio model as a benchmark, we compute the optimally diversified portfolio for banks located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these optimal portfolios to the actual cross-border assets of banks...
Persistent link: https://www.econbiz.de/10011604475
Persistent link: https://www.econbiz.de/10011475539
The World Financial Crisis has shaken the fundamentals of international banking and triggered a downward spiral of asset prices. To prevent a further meltdown of markets, governments have intervened massively through rescues measures aimed at recapitalizing banks and through liquidity support....
Persistent link: https://www.econbiz.de/10010306000
In the discussion about the structure and evolution of financial systems, the US separated and the German universal banking system are commonly considered as antipodes. This paper shows that the differences in the role of banks in these two economies are less pronounced than the conventional...
Persistent link: https://www.econbiz.de/10010275311
Choosing an appropriate equivalence scale is a prerequisite for comparisons of economic well-being income distribution, inequality or poverty. This is true for country specific work or for cross-national comparisons. Researchers generally either use a country specific equivalence scale (social...
Persistent link: https://www.econbiz.de/10010290104
Mikrodaten von Deutschland und den Vereinigten Staaten der Luxemburg Income Study (LIS) werden verwendet, um die … Merz et al. (1993) für Deutschland und die Vereinigten Staaten entwickelt wurden. Frühere Studien bestätigend zeigen wir …, daß Ungleichheit und Armut in den Vereinigten Staaten gößer sind als in Deutschland. Alle Personengruppen zusammen …
Persistent link: https://www.econbiz.de/10010290126
We analyze trends in the age of economic independence in six industrialized countries, Belgium, Canada, Germany, Italy, the United Kingdom, and the United States. The paper compares trends in the household living arrangements, employment rates, earnings levels, and net incomes as young adults...
Persistent link: https://www.econbiz.de/10010335462