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....

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...

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...

In 1993, the State of Iowa, through waivers, implemented reforms to its welfare program creating the Family Investment program (FIP), a program similar to the Federal Temporary Assistance to Needy Families (TANF) program created in 1996. This paper examines the experiences of individuals and...

This paper models the fertility decision of individuals who differ in their wage rate and their intensity of preferences for rearing children, and whose utility of having a child out of wedlock depends on the level of “social approval” associated with doing so. This social approval in turn...

The first two essays of this dissertation use policy experiments to show that low-skilled newly arriving immigrants help keep the economy in geographic equilibrium by differentially selecting destinations that provide better labor market prospects. The first essay finds that immigrants choose...