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Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...
Persistent link: https://www.econbiz.de/10009635970
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 country. The communication between the supervisors is...
Persistent link: https://www.econbiz.de/10009636539
This paper investigates the wage-setting behaviour of Irish firms. We place particular emphasis on the use of flexible pay components and examine how these allow firms to deal with shocks requiring a reduction in costs without having to cut base wages. The results presented in this paper are...
Persistent link: https://www.econbiz.de/10009640360
and investigate their short-run share price responses to the formation of 110 M&As and alliances all over the world …
Persistent link: https://www.econbiz.de/10009640339
The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in … improvements in items for which the world demand expanded at the fastest rate over the Nineties; in particular, Estonia, Hungary …
Persistent link: https://www.econbiz.de/10009635952
Pricing-to-market (PTM) behaviour implies that exporters adjust their prices to the prevailing prices in their export markets. For the importing country, PTM effects can be interpreted as a measure of the stability of domestic prices against foreign price and exchange rate developments. PTM...
Persistent link: https://www.econbiz.de/10009636522
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … intra and inter-industry trade as well as between trade from western and eastern Europe and we try to assess the relative … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an …
Persistent link: https://www.econbiz.de/10009640296
advanced world, its export unit values are well below the level of developed economies. Building on the assumption that unit …
Persistent link: https://www.econbiz.de/10009640686
Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...
Persistent link: https://www.econbiz.de/10009635916
Persistent link: https://www.econbiz.de/10009637836