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This study provides evidence on how German multinational firms restructured their service activities during the last decade. Making use of new micro-level data on service imports of German multinationals from 2002-2008, we assess the determinants of service offshoring along the extensive and...
Persistent link: https://www.econbiz.de/10009751926
This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...
Persistent link: https://www.econbiz.de/10013221113
This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...
Persistent link: https://www.econbiz.de/10012468447
We use a panel data set of European firms to analyse the effects of domestic and international M&As on target firms' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our results indicate that upon acquisition, target...
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In this paper we construct a theory of financial market runs with heterogeneous investors. We use the model to investigate how exposure to liquidity shocks and risk taking for one investor impacts the behavior of the other type of investor. We show that investors who are not directly exposed to...
Persistent link: https://www.econbiz.de/10013492720
demand-driven. The results for Thailand suggest that the contraction in bank lending that accompanied the crisis was the … an “involuntary” accumulation of excess reserves. The results for Thailand suggest that the contraction in bank lending …
Persistent link: https://www.econbiz.de/10010524474