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Hasan, Iftekhar; Schmiedel, Heiko; Song, Liang - 2010

In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders’ value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses...

Persistent link: https://www.econbiz.de/10009640339

Guess what

Koeppl, Thorsten V.; Monnet, Cyril - 2004

Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...

Persistent link: https://www.econbiz.de/10009639429

Trade advantages and specialisation dynamics in acceding countries

Zaghini, Andrea - 2003

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural...

Persistent link: https://www.econbiz.de/10009635952

Import prices and pricing-to-market effects in the euro area

Warmedinger, Thomas - 2004

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

Trade with central and eastern Europe

Polgár, Éva Katalin; Wörz, Julia - 2010

importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an …-based industries. Nevertheless, increased trade reinforces the productivity-wage link and weakens the co-movement of wages particularly …

Persistent link: https://www.econbiz.de/10009640296

Is China climbing up the quality ladder?

Pula, Gabor; Santabárbara, Daniel - 2011

There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the advanced world, its export unit values are well below...

Persistent link: https://www.econbiz.de/10009640686

EU productivity and competitiveness: an industry perspective

O'Mahony, Mary (contributor); Ark, Bart van (contributor) - Europäische Kommission / Generaldirektion Unternehmen; … - 2003

Persistent link: https://www.econbiz.de/10009635931

International risk-sharing and the transmission of productivity shocks

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004

the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …

Persistent link: https://www.econbiz.de/10009636531

Creative destruction and transition: The effects of firm entry and exit on productivity growth in Estonia

Masso, Jaan; Eamets, Raul; Philips, Kaia - 2004

firm entry and exit as well as survival analysis of new firms. Also, decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms are carried out. The … productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity …

Persistent link: https://www.econbiz.de/10009636560

Economic Survey of the Slovak Republic, 2004

Organisation for Economic Co-operation and Development … - 2004

Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the …

Persistent link: https://www.econbiz.de/10009636870