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Which households use banks?
Beck, Thorsten; Brown, Martin - 2011
This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a...
Persistent link: https://www.econbiz.de/10009640628
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Guidelines for Gender Equality Programmes in Science
Marina Cacace - ASDO, Italy - 2009
The European Union has been active in the field of women in science for 10 years now. Since the beginning, we have … concentrated on collecting information on the situation of women in European science, and on funding measures that encourage and … retain women in science and technology careers. We have had good results in these areas, but a lot has still to be done. . …
Persistent link: https://www.econbiz.de/10009639866
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Women and violence at work : Background paper
Riso, Sara; Hurley, John - 2007
's Rights and Gender Equality (November 21st 2007, Brussels) on Women and Violence at work in the European Union. The European …This background paper has been drafted to coincide with the hearing of the European Parliament's Committee on Women …
Persistent link: https://www.econbiz.de/10010254561
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What lies beneath the euro's effect on financial integration?
Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010
Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro’s effect on financial integration using data on bilateral banking linkages among twenty industrial countries in...
Persistent link: https://www.econbiz.de/10009640324
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Financial advice and stock market participation
Georgarakos, Dimitris; Inderst, Roman - 2011
We introduce professional financial advice in households’ choice to hold risky financial assets. Consistent with the predictions from a formal model, we present evidence that households’ trust in financial advice only matters when their perceived own financial capability is low. Instead, for...
Persistent link: https://www.econbiz.de/10009640629
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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
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Raising rival's costs in the securities settlement industry
Holthausen, Cornelia; Tapking, Jens - 2004
The competition between a central securities depository (CSD) and a custodian bank is analysed in a Stackelberg model. The CSD sets its prices first, the custodian bank follows. There are many investor banks each of which has to decide whether to use the service of the CSD or of the custodian...
Persistent link: https://www.econbiz.de/10009639430
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An analysis of systemic risk in alternative securities settlement architectures
Iori, Giulia - 2004
This paper compares securities settlement gross and netting architectures. It studies settlement risk arising from exogenous operational delays and compares settlement failures between the two architectures as functions of the length of the settlement interval under different market conditions....
Persistent link: https://www.econbiz.de/10009639464
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What drives the network’s growth?
Alexandrova-Kabadjova, Biliana; Negrín, José Luis - 2009
This paper investigates the impact on the network growth of the level of merchant discount, the level of Multilateral Interchange Fee (MIF), and the consumers' and the merchants' awareness of positive network effects. In an artificial market, in which issuers and acquirers belong to the same...
Persistent link: https://www.econbiz.de/10009640427
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Risk spillover among hedge funds
Klaus, Benjamin; Rzepkowski, Bronka - 2009
This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...
Persistent link: https://www.econbiz.de/10009640467