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Die aktuelle Covid‐19-Pandemie offenbart einmal mehr die Vulnerabilität hoch entwickelter Ökonomien in Bezug auf unerwartete exogene Schocks. Vor diesem Hintergrund analysiert der vorliegende Beitrag am Beispiel der Europäischen Union, unter welchen Voraussetzungen kleine und mittlere...
Persistent link: https://www.econbiz.de/10014001313
This paper provides a critical analysis of the subadditivity axiom, which is the key condition for coherent risk measures. Contrary to the subadditivity assumption, bank mergers can create extra risk. We begin with an analysis how a merger affects depositors, junior or senior bank creditors, and...
Persistent link: https://www.econbiz.de/10013200509
California is world-renowned for the ability to produce world class quality wine. At the center of this achievement is …-wide data on the wine industry to compare Napa's success with other wine-producing regions of California, we can control for … different historical factors and economic conditions that temper most comparative wine studies. Many regions in California can …
Persistent link: https://www.econbiz.de/10011986488
, restaurants, retail boutiques, and other drinking establishments. We use California as our case study and production volumes as a …
Persistent link: https://www.econbiz.de/10014285688