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Globalization and general worker training
Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2004 - [Elektronische Ressource]
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...
Persistent link: https://www.econbiz.de/10001957223
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Promoting product market competition to reduce unemployment in Europe : an alternative approach?
Gersbach, Hans - 2000
Persistent link: https://www.econbiz.de/10001475360
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Promoting product market competition to reduce unemployment in Europe : an alternative approach?
Gersbach, Hans - In: Kyklos : international review for social sciences 53 (2000) 2, pp. 117-134
Persistent link: https://www.econbiz.de/10001477529
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Default correlations, macroeconomic risk and credit portfolio management
Gersbach, Hans; Lipponer, Alexander - 1999
Persistent link: https://www.econbiz.de/10001475214
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Liquidity creation, efficiency, and free banking
Gersbach, Hans - In: Journal of financial intermediation 7 (1998) 1, pp. 91-118
Persistent link: https://www.econbiz.de/10001246941
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Default Risk in Stochastic Volatility Models
Gersbach, Hans - 2010
We consider a stochastic volatility model of the mean-reverting type to describe the evolution of a firm's values instead of the classical approach by Merton with geometric Brownian motions. We develop an analytical expression for the default probability. Our simulation results indicate that the...
Persistent link: https://www.econbiz.de/10013138808
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Enough liquidity with enough capital - and vice versa?
Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2023
We study the interplay of capital and liquidity regulation in a general equilibrium setting by focusing on future … default coexist, and bank default is a self-fulfilling prophecy. Capital and liquidity regulation can prevent bank default and … liquidity regulation. Adding liquidity regulation to optimal capital regulation is redundant. …
Persistent link: https://www.econbiz.de/10014366762
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Enough liquidity with enough capital : and vice versa?
Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2024
Persistent link: https://www.econbiz.de/10014533400
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The funds concentration effect and discriminatory bailout
Erlenmaier, Ulrich; Gersbach, Hans - 2001
In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the …
Persistent link: https://www.econbiz.de/10011400865
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Globalization and general worker training
Gersbach, Hans; Schmutzler, Armin - 2004
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...
Persistent link: https://www.econbiz.de/10010315570