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The Impact of Market Regulations on Intra-European Real Exchange Rates
Bénassy-Quéré, Agnès - 2013
and employment protection tend to inflate the real exchange rate. We then carry out an econometric estimation for European …
Persistent link: https://www.econbiz.de/10013087275
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Loan Supply Shocks During the Financial Crisis : Evidence for the Euro Area
Hristov, Nikolay; Hülsewig, Oliver; Wollmershaeuser, Timo - 2021
This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the macroeconomic effects of adverse loan supply shocks, which...
Persistent link: https://www.econbiz.de/10013316038
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Taking the Lord's Name in Vain : The Impact of Connected Directors on 19th Century British Banks
Grossman, Richard S. - 2015
This paper utilizes data on the presence of prominent individuals - that is, those with political (e.g., Members of Parliament) and aristocratic titles (e.g., lords) - on the boards of directors of English and Welsh banks from 1879-1909 to investigate whether the appointment of well-connected...
Persistent link: https://www.econbiz.de/10013030337
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Lift and Shift : The Effect of Fundraising Interventions in Charity Space and Time
Scharf, Kimberley A. - 2017
Fundraising interventions may lift donations and/or shift their composition and timing, making it important to study their effect across charity space and time. We find that major fundraising appeals lift total donations, but surprisingly shift donations to other charities across time. To...
Persistent link: https://www.econbiz.de/10012943156
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Linkages between the US and European Stock Markets : A Fractional Cointegration Approach
Caporale, Guglielmo Maria - 2015
This paper analyses the long-memory properties of US and European stock indices, as well as their linkages, using fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the standard ones usually employed in the literature. The...
Persistent link: https://www.econbiz.de/10013013497
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The Relationship between Healthcare Expenditure and Disposable Personal Income in the US States : A Fractional Integration and Cointegration Analysis
Caporale, Guglielmo Maria - 2015
This study examines the relationship between healthcare expenditure and disposable income in the 50 US states over the period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and non-linearity of both series are found to vary considerably across...
Persistent link: https://www.econbiz.de/10013019858
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Indian Entrepreneurial Success in the United States, Canada and the United Kingdom
Fairlie, Robert W.; Krashinsky, Harry A.; … - 2021
Indian immigrants in the United States and other wealthy countries are successful in entrepreneurship. Using Census data from the three largest developed countries receiving Indian immigrants in the world -- the United States, United Kingdom and Canada -- we examine the performance of Indian...
Persistent link: https://www.econbiz.de/10013315668
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10012920765
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The Engine Immobilizer : A Non-Starter for Car Thieves
van Ours, Jan C. - 2013
precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …
Persistent link: https://www.econbiz.de/10013086983
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A Vicious Cycle of Manias, Crashes and Asymmetric Policy Responses - An Overinvestment View
Hoffmann, Andreas - 2013
The business cycles theories of Wicksell (1898), Schumpeter (1912), Mises (1912), Hayek (1929, 1935) and Minsky (1986, 1992) explain business cycles by distorted prices on capital markets, buoyant credit expansion and overinvestment. The exuberance during the boom endogenously causes the...
Persistent link: https://www.econbiz.de/10013095338