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-establish credibility during periods of hyperinflation or of economic transition. The importance of monetary unions is a consequence of the … nevertheless a currency board has a credibility advantage compared to a standard fixed exchange rate regime when the time … and output targets close enough to their socially optimal levels. This implies that the economic policy in Europe should …
Persistent link: https://www.econbiz.de/10009476166
Es ist noch immer nicht endgültig geklärt, wie fiskalische Dezentralisierung die Höhe und Struktur der öffentlichen Ausgaben beeinflusst. Diese Dissertation analysiert daher zwei zusammenhängende Fragen. Erstens werden die Auswirkungen der fiskalischen Dezentralisierung auf die...
Persistent link: https://www.econbiz.de/10009476259
Community Innovation Survey für die Untersuchung in Europa. Die Ergebnisse zeigen, dass die drei verschiedenen Ebenen der …
Persistent link: https://www.econbiz.de/10011324351
This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures of both acquirers and targets. We find that capitalization, profitability and liquidity show signs of statistically and economically signifi cant mean reversion for acquirers....
Persistent link: https://www.econbiz.de/10012530399
En este estudio investigamos los determinantes de las emisiones denominadas en dólares de deuda a largo plazo por parte de la banca europea. Para ello empleamos una base de datos que permite explorar los factores que, según la literatura, explican las emisiones en moneda extranjera. Incluimos...
Persistent link: https://www.econbiz.de/10012530514
Este documento es uno de los primeros en investigar los determinantes en la emisión de bonos por parte de las entidades bancarias europeas. Utilizamos una base de datos única de en torno a 50.000 bonos emitidos por 63 bancos de 14 países europeos para comprobar explícitamente una serie de...
Persistent link: https://www.econbiz.de/10012530522
creciente proporción de madres inmigrantes en Europa es menos conocido. Este artículo se pregunta cómo afecta la carga del … entre las madres inmigrantes no comunitarias y las nativas en el norte y el sur de Europa es de 35 y 17 puntos porcentuales …
Persistent link: https://www.econbiz.de/10013210150
This paper explores the sources of bargaining power in wage negotiations, and examines how productivity and training affect wages. In the standard analyses of wage bargaining, the negotiating partners are specified a priori, and thus it is impossible to address the question of how they achieve...
Persistent link: https://www.econbiz.de/10009441370
. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility …
Persistent link: https://www.econbiz.de/10009441502
information through these quality signals and consumer choices. In this paper, we explore 1) whether the credibility of an … representative sample of 460 US consumers and analyzed through structural equation modeling. The results show that credibility …
Persistent link: https://www.econbiz.de/10009444571