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the EU and the US is not the basic toolkit for achieving deterrence, but to whom it is targeted. In the EU, pecuniary …
Persistent link: https://www.econbiz.de/10011730980
This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … the empirical evidence on European sovereigns CDS spreads and estimate an econometric model where a crucial role is played …
Persistent link: https://www.econbiz.de/10011731038
In this paper, two pairs of complementors have to decide whether to merge and eventually bundle their products. Depending on the degree of competitive pressure in the market, either both pairs decide to merge (with or without bundling), or only one pair merges and bundles, while rivals remain...
Persistent link: https://www.econbiz.de/10011731257
To facilitate a more detailed study of the volume of euro banknotes in circulation issued by the Deutsche Bundesbank, it is broken down into the components of foreign demand, domestic hoarding and domestic transaction balances. These banknote demand components are estimated using the direct...
Persistent link: https://www.econbiz.de/10011731481
This paper studies the pattern of job opportunities over the last two decades in European countries. We find that the share of high-skilled jobs have been expanding over time, while the share of medium-skilled jobs have been declining. These changes are in line with the US patterns and,...
Persistent link: https://www.econbiz.de/10011731539
. Some robust evidence of positive spillover effects across regions is also documented, confirming the previous findings of a …
Persistent link: https://www.econbiz.de/10015081402
This paper explores the evolution of rural policies in EU, making some comparisons with CEE rurality. In the first … European level. In the second chapter an account is given of how the modernisation paradigm prevalent in EU and CEE rural … stakeholders of this story. Then I analyse some early documents of the SAPARD programme, to show the original intentions of EU …
Persistent link: https://www.econbiz.de/10011560687
Our paper explores, on a theoretical level, the reason for frequent failures of rural development policies and identifies some potential improvements in rural policy making in Europe. Our approach to des/integration concerns actors, resources, institutions, knowledge, the fundamental logic of...
Persistent link: https://www.econbiz.de/10011560832
Persistent link: https://www.econbiz.de/10011566358
We present a two-country model with an enhanced banking sector featuring risky lending and cross-border interbank market frictions. We find that (i) the strength of the financial accelerator, when applied to banks operating under uncertainty in an interbank market, will critically depend on the...
Persistent link: https://www.econbiz.de/10011714705