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Demary, Markus - In: IW-Trends - Vierteljahresschrift zur empirischen … 36 (2009) 4, pp. 17-29

Der rasche Verfall der Hauspreise in den USA führte weltweit zu der schwersten Rezession seit der Großen Depression … Preisanstieg in den USA. Spekulationsblasen entstehen generell in dem Glauben an nachhaltig steigende Vermögenspreise und durch …

Persistent link: https://www.econbiz.de/10011633251

Characteristics of unemployment dynamics: The chain reaction approach

Karanassou, Marika; Snower, Dennis J. - 2000

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...

Persistent link: https://www.econbiz.de/10010273099

External monetary shocks and monetary integration: Evidence from the Bulgarian currency board

Minea, Alexandru; Rault, Christophe - 2011

Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...

Persistent link: https://www.econbiz.de/10010274842

Macroeconomic factors and micro-level bank risk

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...

Persistent link: https://www.econbiz.de/10010274932

The first step on a long path toward normalization

Stockton, David J. - In: Intereconomics 49 (2014) 1, pp. 51-52

Persistent link: https://www.econbiz.de/10010369115

Trade and migration linkages: The case of NAFTA

Martin, Philip L. - 1996

This paper reviews recent Mexico-US migration patterns and US reactions to Mexican immigration, explores why there may be a migration hump with two very different economies integrate, and discusses the policy options to deal with the extra migration associated with economic integration in North...

Persistent link: https://www.econbiz.de/10010398089

Multilateral adjustment and exchange rate dynamics: The case of three commodity currencies

Bailliu, Jeannine; Dib, Ali; Kano, Takashi; Schembri, … - 2007

In this paper, we empirically investigate whether multilateral adjustment to large U.S. external imbalances can help explain movements in the bilateral exchange rates of three commodity currencies - -the Australian, Canadian and New Zealand (ACNZ) dollars. To examine the relationship between...

Persistent link: https://www.econbiz.de/10010279910

Winning by Losing: Evidence on Overbidding in Mergers

Malmendier, Ulrike; Moretti, Enrico; Peters, Florian - 2011

value? Answering this question is difficult since the hypotheticalcounterfactual is hard to determine. We exploit merger … winningthe contest, the post-merger performance of the loser allows calculating the counterfactualperformance of the winner … without the merger. In a novel data set of merger contests since1985, we find that the returns of bidders are closely aligned …

Persistent link: https://www.econbiz.de/10010326182

Capital Gains Taxation and the Cost of Capital: Evidence from Unanticipated Cross-Border Transfers of Tax Bases

Huizinga, Harry; Voget, Johannes; Wagner, Wolf - 2012

In a cross-border takeover, the tax base associated with future capital gains is transferred from target shareholders …

Persistent link: https://www.econbiz.de/10010326290

The Executive Turnover Risk Premium

Peters, Florian S.; Wagner, Alexander F. - 2012

We establish that CEOs of companies experiencing volatile industry conditions are more likely tobe dismissed. At the same time, industry risk is, controlling for various other factors, unlikelyto be directly associated with CEO compensation other than through dismissal risk. Using...

Persistent link: https://www.econbiz.de/10010326426