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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
This paper theoretically and empirically explores how firms' heterogeneous characteristics, in particular their competitiveness in the product market and their productivity, affect their domestic and cross-border corporate asset transactions. I find that firms participate in the domestic and...
Persistent link: https://www.econbiz.de/10013090008
function cannot be used to infer the degree of competition. Only an unscaled revenue equation yields a valid measure for … findings are confirmed by an empirical analysis of competition in the banking industry, based on a sample covering more than …
Persistent link: https://www.econbiz.de/10013039358
We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …
Persistent link: https://www.econbiz.de/10012918554
benefits competition will bring. By using the natural experiment in world telephony markets where nations have chosen vastly … different regulatory regimes, this paper shows how competition spurs telecommunications penetration. Further, we show that …
Persistent link: https://www.econbiz.de/10014062702
The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10014067598
Industrial economists tend to think of competition as occurring between atomic units called "firms." Theorists of … competition. Cluster tools, a type of equipment for manufacturing semiconductors, are becoming increasingly important as … manufacturers attempt to pack more and more circuits on a chip. Within the U.S. industry, competition for these devices is divided …
Persistent link: https://www.econbiz.de/10014028907
Persistent link: https://www.econbiz.de/10013262889
Purpose: Culture plays a role in international trade much as it does in any other human activity. Attitudes and ways of … which aspects of culture give countries competitive edge in terms of bilateral trade performances. Specifically, do … countries and 29 years combined with the nine "Global Leadership and Organizational Behavior Effectiveness (GLOBE)" culture …
Persistent link: https://www.econbiz.de/10011493847
Das vorliegende Working Paper beinhaltet Vortragsmanuskripte zu drei Dissertationsprojekten, die in den Jahren 2002 und 2003 am Lehrstuhl erfolgreich abgeschlossen wurden. Es handelt sich dabei um die Arbeit von Dr. Klinke zum Finanzcontrolling in mittelständischen Bauunternehmen mit...
Persistent link: https://www.econbiz.de/10010513681