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Which Factors Determine Academic Performance of Undergraduate Students in Economics? Some Spanish Evidence

Dolado, Juan J.; Morales, Eduardo - C.E.P.R. Discussion Papers - 2007

This paper analyses the determinants of academic performance of first-year undergraduate students in Economics at Universidad Carlos III de Madrid, over the period 2001-2005. We focus on a few core subjects which differ in their degree of mathematical complexity. Type of school, specialization...

Persistent link: https://www.econbiz.de/10005498100

When Is The Best Time To Give Birth - Career Effects Of Early Birth Decisions

Frühwirth-Schnatter, Sylvia; Pamminger, Christoph; … - C.E.P.R. Discussion Papers - 2014

Using Bayesian Markov chain clustering analysis we investigate career paths of Austrian women after their first birth. This data-driven method allows characterizing long-term career paths of mothers over up to 19 years by transitions between parental leave, non-employment and different forms of...

Persistent link: https://www.econbiz.de/10011084517

Credit Rationing and Crowding-Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862

Temin, Peter; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2004

Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth during the Industrial Revolution, but little empirical evidence exists to support it. We argue that examinations of interest rates are fundamentally misguided, and that the...

Persistent link: https://www.econbiz.de/10005504267

A Stable International Monetary System Emerges: Bretton Woods, Reversed

Rose, Andrew K - C.E.P.R. Discussion Papers - 2006

A stable international monetary system has emerged since the early 1990s. A large number of industrial and a growing number of developing countries now have domestic inflation targets administered by independent and transparent central banks. These countries place few restrictions on capital...

Persistent link: https://www.econbiz.de/10005497858

The Argentina Paradox: Microexplanations and Macropuzzles

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...

Persistent link: https://www.econbiz.de/10011083510

Towards a Legal Theory of Finance

Pistor, Katharina - C.E.P.R. Discussion Papers - 2012

This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally … self-destruction of the financial system. This law-finance paradox tends to be resolved by suspending the full force of law … finance is concentrated around ultimate lenders of last resort and why regulating finance’s core has become so elusive. It …

Persistent link: https://www.econbiz.de/10011084310

The Impact of Liquidity Regulation on Bank Intermediation

Bonner, Clemens; Eijffinger, Sylvester C W - C.E.P.R. Discussion Papers - 2012

We analyze the impact of non-compliance with a requirement similar to the Basel III Liquidity Coverage Ratio and its impact on bank intermediation applying Regression Discontinuity Designs. Using a unique dataset on Dutch banks, we show that non-compliance with a liquidity requirement causes...

Persistent link: https://www.econbiz.de/10011084639

Wages and Human Capital in the U.S. Financial Industry: 1909-2006

Philippon, Thomas; Reshef, Ariell - C.E.P.R. Discussion Papers - 2009

also shows that wages in finance were excessively high around 1930 and from the mid 1990s until 2006. For the recent period …

Persistent link: https://www.econbiz.de/10005000443

Financial Signalling by Innovative Nascent Entrepreneurs

Audretsch, David B; Bönte, Werner; Mahagaonkar, Prashanth - C.E.P.R. Discussion Papers - 2009

external finance, especially equity. However, the most important determinant of debt is house ownership. This indicates that … to obtain start-up finance. New ventures should therefore strategically use their innovativeness in order to obtain … external finance. …

Persistent link: https://www.econbiz.de/10005656288

In Search of New Foundations

Zingales, Luigi - C.E.P.R. Discussion Papers - 2000

In this paper I argue that corporate finance theory, empirical research, practical applications, and policy … change the way we do corporate finance, both theoretically and empirically. …

Persistent link: https://www.econbiz.de/10005792089