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The changing role of global financial brands in the underwriting of foreign government debt (1815-2010)

Flandreau, Marc; Flores, Juan H.; Gaillard, Norbert; … - 2011

This paper covers the long-term evolution of the primary market for foreign government debt. We discuss the role of financial intermediaries as underwriters and distributors of securities, providers of information, and lending of last resort services since the early 19th century, and the...

Persistent link: https://www.econbiz.de/10010316801

Institution and development revisited: A nonparametric approach

Basu, Sudip Ranjan; Das, Monica - 2008

The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The...

Persistent link: https://www.econbiz.de/10010316802

The end of gatekeeping: Underwriters and the quality of sovereign bond markets, 1815-2007

Flandreau, Marc; Flores, Juan H.; Gaillard, Norbert; … - 2009

We provide a comparison of salient organizational features of primary markets for foreign government debt over the very long run. We focus on output, quality control, information provision, competition, pricing, charging and signaling. We find that the market set up experienced a radical...

Persistent link: https://www.econbiz.de/10010316809

What determines the world heritage list? An econometric analysis

Frey, Bruno S.; Pamini, Paolo; Steiner, Lasse - 2010

The official intention of the UNESCO World Heritage List is to protect the global heritage. However, the existing List …

Persistent link: https://www.econbiz.de/10010316843

World heritage: Where are we? An empirical analysis

Frey, Bruno S.; Pamini, Paolo - 2011

A statistical analysis of the UNESCO World Heritage List is presented. The World Heritage Convention intends to protect … task must be left to the discussion in the World Heritage Convention. …

Persistent link: https://www.econbiz.de/10010316872

War signals: A theory of trade, trust and conflict

Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - 2011

We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...

Persistent link: https://www.econbiz.de/10010316887

Bernasconi, Claudia - 2013

This paper investigates empirically how similarity of demand structures - approximated by similarity of income distributions - affects trade patterns along both the extensive and intensive margin. The idea that similarity of demand structures intensifies trade goes back to the well-known Linder...

Persistent link: https://www.econbiz.de/10010316890

Online accessibility of academic articles and the diversity of economics

Boppart, Timo; Staub, Kevin E. - 2012

A key aspect of generating new ideas is drawing from different elements of past knowledge and combining them into a new idea. In such a process, the diversity of ideas plays a central role. This paper examines the empirical question of how the internet affected the diversity of new research by...

Persistent link: https://www.econbiz.de/10010316896

Imbalance of world heritage list: Did the UNESCO strategy work?

Steiner, Lasse; Frey, Bruno S. - 2011

The official intention of the UNESCO World Heritage List is to protect the global heritage. However, the imbalance of … the distribution of Sites according to countries and continents is striking. Consequently, the World Heritage Committee … launched the Global Strategy for a Balanced, Representative and Credible World Heritage List in 1994. To date, there have not …

Persistent link: https://www.econbiz.de/10010316900

Emerging from the war: Gold standard mentality, current accounts and the international business cycle 1885-1939

Hoffmann, Mathias; Woitek, Ulrich - 2011

We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We...

Persistent link: https://www.econbiz.de/10010316919