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risk of substantial income reduction of farmers. The study is structured in three main parts. The first part analyses the … loss risk from FADN data. The second part evaluates index insurances. The third part makes a cross-validation of index … restricted to EU-15 because of data availability, in particular for the FADN loss risk assessment, for which long time series are …
Persistent link: https://www.econbiz.de/10011439188
Persistent link: https://www.econbiz.de/10009640268
As part of their respective mandates to protect investors, depositors and policy holders, the three European Supervisory Authorities, the EBA, ESMA and EIOPA are concerned about the practices used by some financial institutions to comply with enhanced prudential requirements under the CRD/R IV,...
Persistent link: https://www.econbiz.de/10010392286
involved the collection of qualitative and quantitative evidence on both demand for and supply of insurance and explored … consumers’ interest in and barriers to purchasing insurance cross-border. In particular, the experiments tested the … cross-border insurance issues, such as the provision of information to consumers, the purchasing process, and levels of …
Persistent link: https://www.econbiz.de/10012036383
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...
Persistent link: https://www.econbiz.de/10009639401
Starting from the assumption that firms are more likely to adjust their prices when doing so is more valuable, this paper analyzes monetary policy shocks in a DSGE model with firm-level heterogeneity. The model is calibrated to retail price microdata, and inflation responses are decomposed into...
Persistent link: https://www.econbiz.de/10009640772
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase …
Persistent link: https://www.econbiz.de/10009635892
This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...
Persistent link: https://www.econbiz.de/10009635911
This monthly monetary model for the euro area is gradually constructed from its two constituting components: a money demand and a loan demand model which both include the relation between the respective retail bank rates and the short-term market interest rate. Eventually, the encompassing...
Persistent link: https://www.econbiz.de/10009635913