Showing 1 - 10 of 48
The EU has experienced different options to support the emergence of champions: (i) targeted support for strategic sectors and large technology initiatives (e.g. Airbus, Ariane, HDTV and ESPRIT); (ii) a support of declining sectors with the ECSC Treaty; and (iii) an emphasis on horizontal...
Persistent link: https://www.econbiz.de/10009640166
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...
Persistent link: https://www.econbiz.de/10009636523
This paper identifies the empirical stylized features of price setting behaviour in Portugal using the micro-datasets underlying the consumer and the producer price indexes. The main conclusions are the following: 1 in every 4 prices change each month; there is a considerable degree of...
Persistent link: https://www.econbiz.de/10009636702
. Moreover, the average size of a change in price is quite large in both cases. Overall, while our results do not entail a clear …
Persistent link: https://www.econbiz.de/10009639438
price-setting behavior of French manufacturing companies. Prices are found to adjust infrequently; the median firm modifies …
Persistent link: https://www.econbiz.de/10009639484
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
We study the effect of government encouraged or mandated interchange fee ceilings on consumer and merchant adoption and usage of payment cards in an economy where card acceptance is far from complete. We believe that we are the first to use bank-level data to study the impact of interchange fee...
Persistent link: https://www.econbiz.de/10009640441
We study the relative effect of venture capital and bank finance on large manufacturing firms in local U.S. markets …. Theory predicts that with venture capital, the firm size distribution should become more stretched-out to the right, but it …’s ambiguous on the effect of banks on large firms. The empirical evidence suggests that while the average size of firms in the top …
Persistent link: https://www.econbiz.de/10009640458
We investigate the wage-setting behavior of French companies using an ad-hoc survey conducted specifically for this study. Our main results are the following. i) Wages are changed infrequently. The mean duration of wage contracts is one year. Wage changesoccur at regular intervals during the...
Persistent link: https://www.econbiz.de/10009640485
The key event in the country's contemporary history is the milestone year of 1991 when Slovenia gained independence. After this period, the entire process of creating migration policy started, although it cannot be said that Slovenia had no previous experience with migration outflow and inflow....
Persistent link: https://www.econbiz.de/10009636175