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We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs of borrowing in both markets. For term loans, U.S. firms pay significantly higher...
Persistent link: https://www.econbiz.de/10011436380
We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and … 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated …
Persistent link: https://www.econbiz.de/10011439628
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conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this …
Persistent link: https://www.econbiz.de/10011441669
Over the past decades, globalization has led to a huge increase in the migration of workers, as well as students. This … sub-optimal. With an increase in globalization, the brain drain strategy will be replaced by the strategy of migration of …
Persistent link: https://www.econbiz.de/10011542662
The paper first aims at showing that personal income distribution – at least after government intervention – tends to be a stationary variable for many European countries. This finding backs earlier results achieved by Ramser (1987). Furthermore, personal incomes follow a log-normal...
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We construct a novel dataset to measure banks' complexity and relate it to banks' riskiness. The sample covers stock listed Euro area banks from 2007 to 2014. Bank stability is significantly affected by complexity, whereas the direction of the effect differs across complexity measures. This...
Persistent link: https://www.econbiz.de/10011478994