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Growth: Financing New Growth in Europe” at Bocconi University, Milan. The present SUERF Study includes a selection of papers …
Persistent link: https://www.econbiz.de/10011689965
standards in economics around the world been reflected in research performance? How have individual countries fared? Do research … of research in economics. Our findings indicate that Europe is catching up with the US but, in terms of influential …
Persistent link: https://www.econbiz.de/10010269503
Persistent link: https://www.econbiz.de/10011689933
The Great Recession did not only affect European countries to a varying extent, its impact on national labour markets and on specific socio-economic groups in those markets also varied greatly. Institutional arrangements such as employment protection, unemployment insurance benefits and minimum...
Persistent link: https://www.econbiz.de/10010282291
We present a DSGE model where firms optimally choose among alternative instruments of external finance. The model is used to explain the evolving composition of corporate debt during the financial crisis of 2008-09, namely the observed shift from bank finance to bond finance, at a time when the...
Persistent link: https://www.econbiz.de/10011605804
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...
Persistent link: https://www.econbiz.de/10010333575
We study both theoretically and empirically the inter- dependence of lending decisions in different country branches of a multinational bank. First, we model a bank that delegates the management of its foreign unit to a local manager with non-transferable skills. The bank differs from other...
Persistent link: https://www.econbiz.de/10011604853
marginal costs of steam coal supply in Europe. Increasing Chinese demand for steam coal will lead to a growing need for … especially affect nations mainly relying on imports, like for example Europe. We analyze the scope of this effect under different … long run marginal costs of supply for Europe and the US but significant effects for China. …
Persistent link: https://www.econbiz.de/10010293356
This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural …
Persistent link: https://www.econbiz.de/10010294830
study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …
Persistent link: https://www.econbiz.de/10010297452