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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

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

qualitative results are robust to imperfect issuer competition, imperfect acquirer competition, and to other factors affecting …

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

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

Rostam-Afschar, Davud

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

Social returns to education

Canton, Erik - 2007

This paper presents new evidence on the social returns to education within a macroeconomic growth regression framework. I use improved schooling data and a macro version of the Mincer relationship between education and wages for individual workers. The results suggest that an increase by one...

Persistent link: https://www.econbiz.de/10009640173

The impact of high and growing government debt on economic growth

Checherita, Cristina; Rother, Philipp - 2010

This paper investigates the average impact of government debt on per-capita GDP growth in twelve euro area countries over a period of about 40 years starting in 1970. It finds a non-linear impact of debt on growth with a turning point—beyond which the government debt-to-GDP ratio has a...

Persistent link: https://www.econbiz.de/10009640303

Imposing parsimony in cross-country growth regressions

Jarociński, Marek - 2010

The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...

Persistent link: https://www.econbiz.de/10009640306

Theoretical notes on bubbles and the current crisis

Martin, Alberto; Ventura, Jaume - 2011

We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...

Persistent link: https://www.econbiz.de/10009640837

Towards a European R&D incentive?

D'Andria, Diego - 2017

Persistent link: https://www.econbiz.de/10011791245

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