Narrow search
Showing 1 - 10 of 103
Cover Image
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
Cover Image
Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …
Persistent link: https://www.econbiz.de/10009635970
Cover Image
EMCC company network : Managing change in EU cross-border mergers and acquisitions ; Case example : Danske Bank and Irish National Bank: Viking raider is knight in shining armour
Huws,Ursula; O’ Keefe, Brie - 2008
The European Foundation for the Improvement of Living and Working Conditions organised a seminar for its company network on November 29-30, 2007, hosted by Santander at its corporate headquarters in Madrid, Spain. In intensive discussions over the two days, 32 representatives from companies,...
Persistent link: https://www.econbiz.de/10009638487
Cover Image
EMCC company network : Managing change in EU cross-border mergers and acquisitions ; Case example : Schneider Electric: Acquiring to grow
Huws,Ursula; O’ Keefe, Brie - 2008
The European Foundation for the Improvement of Living and Working Conditions organised a seminar for its company network on November 29u009630, 2007, hosted by Santander at its corporate headquarters in Madrid, Spain. In intensive discussions over the two days, 32 representatives from companies,...
Persistent link: https://www.econbiz.de/10009638489
Cover Image
EMCC company network : Managing change in EU cross-border mergers and acquisitions ; Case example : Air France-KLM: Combining strengths for sustainability
Huws,Ursula; O’ Keefe, Brie - 2008
The European Foundation for the Improvement of Living and Working Conditions organised a seminar for its company network on November 29u009630, 2007, hosted by Santander at its corporate headquarters in Madrid, Spain. In intensive discussions over the two days, 32 representatives from companies,...
Persistent link: https://www.econbiz.de/10009638490
Cover Image
EMCC company network : Managing change in EU cross-border mergers and acquisitions ; Case example Impress : Meeting company goals through strategic acquisitions
Huws,Ursula; O’ Keefe, Brie - 2008
The European Foundation for the Improvement of Living and Working Conditions organised a seminar for its company network on November 29u009630, 2007, hosted by Santander at its corporate headquarters in Madrid, Spain. In intensive discussions over the two days, 32 representatives from companies,...
Persistent link: https://www.econbiz.de/10009638491
Cover Image
EMCC company network - Managing change in EU cross-border mergers and acquisitions - Case example: Santander and Abbey: Expansion enabling access to new markets
Huws,Ursula; O’ Keefe, Brie - 2008
network on November 29u009630, 2007, hosted by international bank Santander at its corporate headquarters in Madrid, Spain. In …
Persistent link: https://www.econbiz.de/10009638492
Cover Image
Inflation persistence and robust monetary policy design
Coenen, Günter - 2003
This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The paper focuses on the euro area and utilises two variants of...
Persistent link: https://www.econbiz.de/10009635885
Cover Image
Relevant economic issues concerning the optimal rate of inflation
Rodriguez-Palenzuela, Diego; Camba-Mendez, Gonzalo; … - 2003
This paper reviews the key economic issues concerning the welfare costs of inflation and deflation, with a view to shedding light on the desirable properties of the inflation process. Our review of the evidence on the overall costs of inflation and deflation indicates that such costs could be...
Persistent link: https://www.econbiz.de/10009635897
Cover Image
Downward nominal wage rigidity and the long-run Philips Curve
Coenen, Günter - 2003
This paper summarises the results of a quantitative study of the possible impact of downward nominal wage rigidity on the determination of inflation and output in the euro area and the existence of a non-vertical long-run Phillips curve. The study was undertaken in the context of the review of...
Persistent link: https://www.econbiz.de/10009635901