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Brexit and the implications for financial services : edited by Patricia Jackson, introduced by Morten Balling, Ernest Gnan and Patricia Jackson; contributions by Franklin Allen, Jo...
Jackson, Patricia; Balling, Morten; Gnan, Ernest; … - Conference on "Brexit and the Implications for …; … - 2017
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
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Model risk : an agency theoretic approach ; conference paper
Hakenes, Hendrik; Schlegel, Friederike - 2013
In the recent financial crisis, risk management tools have been proven inadequate. Model risk, a key component of bank risk, has shown its negative impact. It seems that risk models did not cover the included risks comprehensively and were not kept up-to-date by banks, and also rating agencies....
Persistent link: https://www.econbiz.de/10010339401
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The effects of remedies on merger activity in oligopoly : conference paper
Dertwinkel-Kalt, Markus; Wey, Christian - 2013
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency applies a consumer surplus standard. Remedies increase the scope for profitable and acceptable mergers, while divestitures to an entrant firm are most effective in this regard....
Persistent link: https://www.econbiz.de/10010340565
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Optimized synergy in networked infrastructure deployment and maintenance : optimizing the planning of infrastructure works and the synergies in the trench
Spruytte, Jonathan; Tahon, Mathieu; Casier, Koen; … - 2014
the cooperation and the limited IT tools and data available limited the operators view on possible synergies and made at … the same time exploiting these synergies less obvious and more cumbersome. With the increase of detail in the geographical … information bases containing all information on the installation per operator, synergies open up more opportunities and could lead …
Persistent link: https://www.econbiz.de/10010396564
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The dynamics of currency crises : results from intertemporal optimization and viscosity solutions ; conference paper
Bauer, Christian; Ernstberger, Philip - 2014 - February 28, 2014
We apply an in nite horizon intertemporal optimization model to a simple speculative attack framework. Thereby, the central bank faces a one control two-state variables optimization problem with endogenuous exit. By setting the interest rate the central bank can stimulate the economy or fend o...
Persistent link: https://www.econbiz.de/10010481409
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By a silken thread : regional banking integration and pathways to financial development in Japan's Great Recession ; conference paper
Hoffmann, Mathias; Okubo, Toshihiro - 2014 - This version: December 2013
Regional differences in banking integration determined how Japan s Great Recession after 1990 spread across the country. We explain these differences with the emergence of silk reeling as the main export industry after Japan s opening to trade in the 19th century. The silk-exporting prefectures...
Persistent link: https://www.econbiz.de/10010482586
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Sovereign credit risk co-movements in the eurozone : simple interdependence or contagion? ; conference paper
Buchholz, Manuel; Tonzer, Lena - 2014
Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this divergence, credit risk comoves strongly within certain country groups such as the eurozone periphery. We seek to answer what the determinants of the observed pattern of credit risk...
Persistent link: https://www.econbiz.de/10010486057
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The transmission of US financial stress : evidence for emerging market economies conference paper
Fink, Fabian; Schüler, Yves S. - 2013 - This draft: January 18, 2013
We provide empirical evidence that US financial stress shocks (US-FSSs) are an important driver for economic dynamics and fluctuations in emerging market economies (EMEs). Applying a structural vector autoregression, we analyze the international transmission of US-FSSs to eight EMEs using...
Persistent link: https://www.econbiz.de/10010344608
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Trade in tasks and the organization of firms : conference paper
Marin, Dalia; Schymik, Jan; Tarasov, Alexander - 2014 - Preliminary and incomplete draft
We incorporate trade in tasks l a Grossman and Rossi-Hansberg (2008) into the international trade theory of fi rm organization of Marin and Verdier (2012) to examine how off shoring affects the way firms organize. We test the predictions of the model based on firm level data of 660 Austrian and...
Persistent link: https://www.econbiz.de/10010491080
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Organizational decisions in multistage production processes : conference paper
Nowak, Verena Nina - 2014 - Very preliminary
To explain organizational decisions in multistage production processes we assume a production process with one producer and two suppliers of which one is the firm's direct supplier and the other one is the supplier of the supplier. The firm decides only on the organizational form of her direct...
Persistent link: https://www.econbiz.de/10010491155