Search Results - subject:"fragmentation"

Bank-sovereign ties against interbank market integration : the case of the Italian segment

Saroyan, Susanna; Popoyan, Lilit - 2017

This paper investigates interbank market fragmentation that results from the bank-sovereign risk nexus. We focus on the … Italian market fragmentation during the post-Lehman and sovereign debt crisis era. By using Italian bank and GIPSI country CDS … relationship between the sovereign-to-banks contagion risk variable and market fragmentation in rate on the e-MID interbank market …

Persistent link: https://www.econbiz.de/10011583241

Spillovers among sovereign debt markets : identification by absolute magnitude restrictions

De Santis, Roberto A.; Zimic, Srečko - 2017

due to financial fragmentation, particularly between countries with more divergent business and fiscal cycles. We show …

Persistent link: https://www.econbiz.de/10011647980

Migration in Kenya : beyond Harris-Todaro

Oyvat, Cem; Gĩthĩnji, Mwangi wa - 2017

This paper examines the impact of agrarian structures on the migration behavior and destination of rural household heads and individuals in Kenya. To explore the complexity of migration we extend the standard Harris-Todaro framework to account for land inequality and size. In addition, we...

Persistent link: https://www.econbiz.de/10011588189

High frequency trading and fragility

Cespa, Giovanni; Vives, Xavier - 2017

We show that limited dealer participation in the market, coupled with an informational friction resulting from high frequency trading, can induce demand for liquidity to be upward sloping and strategic complementarities in traders' liquidity consumption decisions: traders demand more liquidity...

Persistent link: https://www.econbiz.de/10011637013

Political fragmentation and fiscal policy : evidence from German municipalities

Bernard, René - 2017

The government fragmentation hypothesis (GFH) states that coalition governments spend more than single …

Persistent link: https://www.econbiz.de/10011730078

From constitutional rule to loosely coupled spheres of liquid authority : a reflexive approach

Zürn, Michael - 2017

This article develops a reason-based social foundation of new forms of authority, which often are liquid and sectorally limited. The recognition of authority hinges, in this view, on reflexive actors who are aware of their own limits of rationality regarding the lack of either information or a...

Persistent link: https://www.econbiz.de/10011844046

Shared factories : a focused factory perspective on the management of co-located manufacturing units in international manufacturing networks

Lützner, Richard - 2017

Persistent link: https://www.econbiz.de/10011796156

Social and economic dimensions of land reform : a territorial aproach

Rusu, Marioara - In: Agrarian economy and rural development : realities and …, (pp. 155-160). 2017

Agricultural land represents one of the most valuable natural resources of a country, being both a significant form of national wealth, and an important source of economic and political power. The land reform has been a constant presence in the policy promoted by the governments leading Romania...

Persistent link: https://www.econbiz.de/10011854092

Misallocation, selection and productivity : a quantitative analysis with panel data from China

Adamopoulos, Tasso; Brandt, Loren; Leight, Jessica; … - 2017

Persistent link: https://www.econbiz.de/10011612609

Exploring agricultural structure as a determinant for social and aesthetic functions of agricultural production

Besser, Tim - 2017

Persistent link: https://www.econbiz.de/10012549769