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causing foreign investors to withdraw funds and speculators to unload the local currency. This appears to have been the … pattern not only during the 1996-98 crisis with the Asian Tigers, but also during the "Tequila" crisis of the early 1990s, the … ; currency crisis ; demographic change ; financial crisis …
Persistent link: https://www.econbiz.de/10003900319
-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank … exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …
Persistent link: https://www.econbiz.de/10010229932
reduction of liquidity to firms. Next we draw on sector-level data on employment and leverage in a number of OECD countries at … themselves in a position in which their liquidity is suddenly called back by the lender. This has direct consequences on a firm … existing jobs. We argue that with well-developed capital markets, firms will have an incentive to rely more on liquidity, and …
Persistent link: https://www.econbiz.de/10009613676
This paper extends the existing literature on FDI and wage inequality. We do this in two ways. Firstly, we incorporate more precise measures of inward investment into the model, by allowing for differences in the effects between horizontal and vertical FDI. Secondly, after establishing the...
Persistent link: https://www.econbiz.de/10003937244
Persistent link: https://www.econbiz.de/10001745332
UK official statistics on income distribution have incorporated top-income adjustments to household survey data since …
Persistent link: https://www.econbiz.de/10012800569
protecting their members from the negative effects of the global economic crisis. Using data for twenty one post … lose their jobs during the crisis. This beneficial effect of trade union membership was more pronounced in countries which … were hit by the crisis harder. At the same time, union members were more likely to experience a wage reduction, suggesting …
Persistent link: https://www.econbiz.de/10011376316
-corruption activism post peak. Our data suggest that this surge in activism can be attributed to heightened perceptions of corruption in …
Persistent link: https://www.econbiz.de/10014507577
This paper analyses aggregate labour dynamics during the global financial crisis in Japan and the role of nonstandard … work using micro data. The analysis proceeds in two steps. First, using comprehensive establishment-level datasets for the …, it compares aggregate labour market dynamics during the global financial crisis with that observed during the 1997 crisis …
Persistent link: https://www.econbiz.de/10011347289
) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One … data, and secondly firm-level observations. The analysis of the latter suggests that foreign firms are not more likely to …Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries …
Persistent link: https://www.econbiz.de/10009311507