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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
Multilateral trade negotiations limited to agriculture started again in March 2000. Set out in Article 20 of the Agreement on Agriculture, they are among the WTOs built-in agenda commitments which Member countries entered into when signing the Final Act Embodying the Results of the Uruguay Round...
Persistent link: https://www.econbiz.de/10009636046
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...
Persistent link: https://www.econbiz.de/10009635892
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assess the influence of the 2006 reform of the EU sugar regime on price transmission in the sugar sector. The investigations … to be carried out had to focus on the different types of transmission of price changes, studying the reasons for any … uneven or asymmetric price transmission between sugar producers and final consumers, and taking into account the intermediate …
Persistent link: https://www.econbiz.de/10011439219
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area … price pass-through. The results of our regressions are applied to the strong increase in food prices in the 2007-08 period …
Persistent link: https://www.econbiz.de/10009640389
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10009640463
Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity … in France. We first provide a methodological discussion of issues involved in estimating average price duration with … months. A strong heterogeneity across sectors both in the average duration of prices and in the pattern of price setting is …
Persistent link: https://www.econbiz.de/10009639438
The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic welfare. We consider a model of spatial loan competition where a market that is served by less efficient banks is opened to entry by banks that are more efficient in screening...
Persistent link: https://www.econbiz.de/10009639463