Showing 1 - 10 of 557
This Forum aims to systematically describe and analyse the evolution of national financial systems within the EU over the past three decades. It analyses the processes of financialisation that have dominated this period as well as the causes and consequences of the financial crisis from the...
Persistent link: https://www.econbiz.de/10010369109
The aim of this paper is to analyse how female migrants fare in the Spanish labour market, a country that has experienced impressive immigration flows during the last decade. Particularly, we explore the differential access to employment and the earning gap faced by this group, considering the...
Persistent link: https://www.econbiz.de/10011538733
Linie das Ergebnis der für Spanien stark expansiv wirkenden Geldpolitik der Europäischen Zentralbank (EZB) sowie der … dem Immobilienmarkt ausgelöst, der zunehmend Züge einer spekulativen Blase annimmt. Soll Spanien auf einem dauerhaften … anderen ist eine massive Förderung von Bildung und Forschung nötig, soll Spanien nicht länger den zweithöchsten Anteil an …
Persistent link: https://www.econbiz.de/10011601499
Das Dreisäulensystem ist kein spezifisches Phänomen des deutschen Bankensektors. Auch in zahlreichen europäischen Nachbarländern war ein Nebeneinander von Privatbanken, Genossenschaftsbanken und Sparkassen gang und gäbe. Einige der Länder haben jedoch wesentlich früher als Deutschland die...
Persistent link: https://www.econbiz.de/10011601521
This paper uses a unique sample of 175 Spanish equity offerings from 1985 to 2002 to test who benefits from IPO underpricing and why. Institutions receive nearly 75% of the profits in underpriced issues, while they have to bear only 56% of the losses in overpriced offerings. Superior information...
Persistent link: https://www.econbiz.de/10011604474
A common finding in empirical studies using micro data on consumer and producer prices is that hazard functions for price changes are decreasing. This means that a firm will have a lower probability of changing its price the longer it has kept it unchanged. This result is at odds with standard...
Persistent link: https://www.econbiz.de/10011604507
This paper examines the link between socio-economic development and fiscal policy. We introduce an indicator for socio-economic development (SEDI) and investigate its relationship with different fiscal variables, using data for the cohesion countries, namely Greece, Portugal, Spain and Ireland...
Persistent link: https://www.econbiz.de/10011604513
This paper identifies the basic features of price setting behaviour at the producer level in the Spanish economy using a large dataset containing the micro data underlying the construction of the PPI over the period 1991-1999. It explores how these general features are affected by some specific...
Persistent link: https://www.econbiz.de/10011604568
This paper reports the results of a survey carried out by the Banco de España on a sample of around 2000 spanish firms to deepen the understanding of firms’ price setting behaviour. The main findings may be summarised as follows. Most Spanish firms are price setters that use predominantly...
Persistent link: https://www.econbiz.de/10011604584
This paper estimates the effects of exogenous fiscal policy shocks in Spain in a VAR framework. Government expenditure expansionary shocks are found to have positive effects on output in the short-term at the cost of higher inflation and public deficits and lower output in the medium and long...
Persistent link: https://www.econbiz.de/10011604693