Showing 1 - 10 of 189
This paper reassesses, at the light of economic and financial theory, the well-documented recent evolution of the euro area public debt and equity markets.
Persistent link: https://www.econbiz.de/10005843481
countries during the 1990s. We then investigate the relationship between the level of a country's trade concentration and its … of trade diversification. We find that, indeed, countries with an undiversified trade structure tend to have less … segmented financial markets. Finally, our results also suggest that countries less open to trade are more segmented. …
Persistent link: https://www.econbiz.de/10005858763
derives a number of predictions regarding the interactions between trade bar-riers, contracting costs, technology intensity … contracting institutionsis not feasible an equivalent solution is to increase openness to international trade. This …
Persistent link: https://www.econbiz.de/10009302539
This paper analyses trade specialisation dynamics in two Eastern European countries(Romania and Bulgaria – EEC-2) vis …
Persistent link: https://www.econbiz.de/10009360508
participation in China. The focus has been on the extent to which community involvement in rule-making and decision-making processes …
Persistent link: https://www.econbiz.de/10009305135
Das vorliegende Papier verfolgt, den empirischen Zusammenhang zwischen den realen Aktienmarktniveaus von Deutschland und den USA zur Aktienmarktprognose zu verwenden ...
Persistent link: https://www.econbiz.de/10005842119
This paper investigates the impact of specific modes of entry of foreign banks, i.e.greenfield investment versus merger and acquisition, on bank performance in threetransition economies – the Czech Republic, Hungary, and Poland. We use stochasticfrontier analysis to model and measure the cost...
Persistent link: https://www.econbiz.de/10009418713
, the following facts can be replicated: 1)persistent current account surpluses and 2) high TFP growth in China. Because …
Persistent link: https://www.econbiz.de/10009486822
Paradoxically, high-investment and high-growth developing countries tend toexperience capital outows. This paper shows that this allocation puzzle can beexplained simply by introducing uninsurable idiosyncratic investment risk in theneoclassical growth model. Using a sample of 67 countries...
Persistent link: https://www.econbiz.de/10009522188
China’s emergence as a major player in world trade is well known, but its rising role in global finance is perhaps … underappreciated. China is the second largest creditor in the world today, with a net creditor position of exceeding 30% of GDP in 2007 … exchange rate in shaping China’s net foreign asset position. Our findings highlight the sharp fall in youth dependency as one …
Persistent link: https://www.econbiz.de/10009138480