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Weinert, Günter - In: Wirtschaftsdienst 82 (2002) 8, pp. 494-500

Die Weltkonjunktur befindet sich in diesem Sommer, wie schon im vergangenen Herbst, in einer kritischen Phase. Nach einer deutlichen Erholung zu Beginn dieses Jahres haben sich die Aussichten für einen Aufschwung erneut eingetrübt. Ein wieder kühleres Wirtschaftsklima und die deutliche...

Persistent link: https://www.econbiz.de/10010302502

Explaining the Bond-CDS Basis: The role of credit risk and liquidity

Bühler, Wolfgang; Trapp, Monika - 2009

We explore the relationship between CDS premia and bond asset swap spreads on the same reference entity. As Duffie (1999) shows, there is a clear theoretical link between CDS premia and bond prices if the two quantities are viewed as a pure measure of credit risk. However, many studies provide...

Persistent link: https://www.econbiz.de/10010302543

Crisis and sustainable business in Central and Eastern Europe: Haniel-Seminar discussion paper

Kovalev, Mikhail M.; Lomagin, Nikita A.; Sutyrin, Sergei F. - 2009

Persistent link: https://www.econbiz.de/10010302557

Fly with the eagles or scratch with the chickens? Zum Herdenverhalten von Wechselkursprognostikern

Pierdzioch, Christian; Schäfer, Dirk; Stadtmann, Georg - 2010

In diesem Beitrag wird analysiert, ob Wechselkursprognosen Anhaltspunkte dafür liefern, dass Prognostiker ein so genanntes Herdenverhalten zeigen. Auf der Basis unterschiedlicher theoretischer Modellansätze wird skizziert, warum Prognostiker einen Anreiz haben könnten, einem Herdentrieb zu...

Persistent link: https://www.econbiz.de/10010302562

The costs of favoritism: Is politically-driven aid less effective?

Dreher, Axel; Klasen, Stephan; Raymond, James; Werker, Eric - 2010

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10010302713

On the relation between income inequality and happiness: Do fairness perceptions matter?

Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A. V. - 2009

the World Values Survey data and a broad set of fairness measures, we find strong support for the negative (positive …

Persistent link: https://www.econbiz.de/10010302716

Why it pays for aid recipients to take note of the millennium challenge corporation: Other donors do!

Dreher, Axel; Nunnenkamp, Peter; Öhler, Hannes - 2010

It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...

Persistent link: https://www.econbiz.de/10010302718

Are 'new' donors different? Comparing the allocation of bilateral aid between non-DAC and DAC donor

Dreher, Axel; Nunnenkamp, Peter; Thiele, Rainer - 2010

Major DAC donors are widely criticized for weak targeting of aid, selfish aid motives and insufficient coordination. The emergence of an increasing number of new donors may further complicate the coordination of international aid efforts. On the other hand, new donors (many of which were aid...

Persistent link: https://www.econbiz.de/10010302719

Does membership on the UN security council influence IMF conditionality?

Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2010

We investigate whether elected members of the United Nations Security Council receive favorable treatment from the International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the period of 1992 to...

Persistent link: https://www.econbiz.de/10010302720

International human rights treaty to change social patterns: The convention on the elimination of all forms of discrimination against women

Cho, Seo-Young - 2010

This paper analyzes empirically whether the ratification of the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW), advocating the multiple dimensions of women's rights, affects the level of women's rights in a country. Measuring commitments to the CEDAW based on...

Persistent link: https://www.econbiz.de/10010302722