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Cooperation in international banking supervision

Holthausen, Cornelia; Rønde, Thomas - 2004

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a … multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own … the countries are perfectly aligned, Þrst best closure regulation cannot be implemented; (2) the more aligned the …

Persistent link: https://www.econbiz.de/10009636539

Institutions and service employment

Messina, Julián - 2004

We live in a service economy, but the extent of development of service employment differs across developed countries. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences in the recent expansion of service employment in OECD...

Persistent link: https://www.econbiz.de/10009636543

Pricing payment cards

Bedre-Defolie, Özlem; Calvano, Emilio - 2009

In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...

Persistent link: https://www.econbiz.de/10009640439

Liquidity requirements and payment delays

Schulz, Christian - 2011

The paper presents an analysis of the trade-offs of participants of different type between payment delay and liquidity requirement on the basis of synthetically generated data. The generation of the synthetic transaction data set for a simple RTGS system is described and calibrated using real...

Persistent link: https://www.econbiz.de/10009640617

Regulatory effects of the amendment to the HwO in 2004 in German craftsmanship

Rostam-Afschar, Davud

Persistent link: https://www.econbiz.de/10011444990

Public sector efficiency

Afonso, António; Schuknecht, Ludger; Tanzi, Vito - 2003

We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries. The first four sub-indicators are u0093opportunityu0094 indicators that take into account administrative, education and health outcomes...

Persistent link: https://www.econbiz.de/10009635959

How persistent is disaggregate inflation?

Lünnemann, Patrick; Mathä, Thomas Y. - 2004

This paper analyses the degree of inflation persistence in the EU15, the euro area and each of its member states using disaggregate price indices from the Harmonised Index of Consumer Prices. Our results reveal substantial heterogeneity across countries and indices. The overall results, based on...

Persistent link: https://www.econbiz.de/10009639475

Bank heterogeneity and monetary policy transmission

Brissimis, Sophocles N.; Delis, Manthos D. - 2010

Heterogeneity in the response of banks to a change in monetary policy is an important element in the transmission of this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal factors influencing banks’ reaction in terms of lending...

Persistent link: https://www.econbiz.de/10009640307

Nelson-Siegel, affine and quadratic yield curve specifications

Nyholm, Ken; Vidova-Koleva, Rositsa - 2010

In this paper we compare the in-sample fit and out-of-sample forecasting performance of no-arbitrage quadratic and essentially affine term structure models, as well as the dynamic Nelson-Siegel model. In total eleven model variants are evaluated, comprising five quadratic, four affine and two...

Persistent link: https://www.econbiz.de/10009640335

Public and private inputs in aggregate production and growth

Afonso, António; Aubyn, Miguel St. - 2010

In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three...

Persistent link: https://www.econbiz.de/10009640405