Showing 1 - 10 of 550
set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors …
Persistent link: https://www.econbiz.de/10011790688
We study coordination failures in many simultaneously occurring coordination problems called projects. Players … exogenous parameters. In contrast to the static benchmark global game without a search option, successful coordination is … frequent in the mobile game even for extremely poor distributions of economic fundamentals, and coordination failures are …
Persistent link: https://www.econbiz.de/10014217207
Official reports and case studies reveal that China experienced different means of communication with the world powers … since it joined the World Trade Organization in 2001. In the first five years, China had public communication with both the … United States and the European Union under the Transitional Review Mechanism. In 2006 a new means of communication, the China …
Persistent link: https://www.econbiz.de/10013020027
Persistent link: https://www.econbiz.de/10010422468
Many studies show that most people are not financially literate and are unfamiliar with even the most basic economic concepts. However, the evidence on the determinants of economic literacy is scant. This paper uses international panel data on 55 countries from 1995 to 2008, merging indicators...
Persistent link: https://www.econbiz.de/10008698004
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...
Persistent link: https://www.econbiz.de/10011400902
This paper studies patenting decisions by firms in relation to the negotiation and signing of the Helsinki and Oslo protocol as part of the Convention on Long-Range Transboundary Air Pollution. We use a uniquely constructed patent data set on SO2 abatement technologies filed in 15 signatory and...
Persistent link: https://www.econbiz.de/10011378341
This paper uses international panel data on 55 countries from 1995 to 2008, merging indicators of financial literacy with a large set of macroeconomic and institutional variables. Results show that there is substantial heterogeneity of financial and economic competence across countries, and that...
Persistent link: https://www.econbiz.de/10013135619
Over the last two decades there has been a notable increase in the number of corporate governance codes and principles, as well as a range of improvements in structures and mechanisms. Despite this, corporate governance failed to prevent a widespread default of fiduciary duties of corporate...
Persistent link: https://www.econbiz.de/10013121831
The unparalleled surge of the crude oil price after 2003 has triggered a heated scientific and public debate about its ultimate causes. Unexpected demand growth particularly from emerging economies appears to be the most prominently supported reason among academics. We study the price dynamics...
Persistent link: https://www.econbiz.de/10013099330