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Preferential regulatory treatment and banks' demand for government bonds

Bonner, Clemens - de Nederlandsche Bank - 2014

Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the impact of this preferential treatment on banks' demand for government bonds. Using unique transaction-level data, our analysis suggests that preferential treatment in liquidity...

Persistent link: https://www.econbiz.de/10010812608

Simulations in the Dutch interbank payment system: A sensitivity analysis

Heijmans, Ronald - de Nederlandsche Bank - 2009

This paper presents an analysis on the sensitivity of the Dutch interbank payment system with respect to the value transferred and the amount of available collateral. The Dutch system can be characterised as a system with a few large and many relatively small participants.Historical data has...

Persistent link: https://www.econbiz.de/10005101806

A tale of the water-supplying plumber: intraday liquidity provision in payment systems

Ledrut, Elisabeth - de Nederlandsche Bank - 2006

This paper provides an overview of the literature on intraday credit in payment systems to date and explores the dilemma central banks face when deciding on their intraday credit policies. On the one hand, any strategy in which the costs of liquidity are not fully borne by payment system...

Persistent link: https://www.econbiz.de/10005101828

Simulating retaliation in payment systems: Can banks control their exposure to a failing participant?

Ledrut, Elisabeth - de Nederlandsche Bank - 2007

This paper assesses the impact of an operational failure at one of the biggest participants in the Dutch interbank payment system, varying the time at which the disruption takes place. Liquidity levels equal historical levels. The impact of such a disruption is quantified in terms of the...

Persistent link: https://www.econbiz.de/10005053799

Employee Training, Wage Dispersion and Equality in Britain

Almeida-Santos, Filipe; Mumford, Karen - Institute for the Study of Labor (IZA) - 2006

We use British household panel data to explore the wage returns to training incidence and intensity (duration) for 6924 employees. We find these returns differ greatly depending on the nature of the training (general or specific); who funds the training (employee or employer); and the skill...

Persistent link: https://www.econbiz.de/10005822185

Earnings-Tenure Profiles: Tests of Agency and Human Capital Theories Using Individual Performance Data

Kato, Takao; Dong, Xiao-Yuan; Jones, Derek C. - Institute for the Study of Labor (IZA) - 2007

By using a large new panel of individual data, including objective measures of worker performance, we provide some of … find that earnings-tenure profiles for employee owners are not upward-sloping but horizontal. In addition we find that pay-performance …

Persistent link: https://www.econbiz.de/10005822365

Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence

Schiantarelli, Fabio - Institute for the Study of Labor (IZA) - 2005

country data to study the effect of product market regulation and reform on a country’s macroeconomic performance. After a …

Persistent link: https://www.econbiz.de/10005822371

Employee Training and Wage Compression in Britain

Almeida-Santos, Filipe; Mumford, Karen - Institute for the Study of Labor (IZA) - 2004

We use linked data for 1,460 workplaces and 19,853 employees from the Workplace Employee Relations Survey 1998 to analyse the incidence and duration of employee training in Britain. We find training to be positively associated with having a recognised vocational qualification and current union...

Persistent link: https://www.econbiz.de/10005822630

Do Personality Traits Affect Productivity? Evidence from the Lab

Cubel, Maria; Nuevo-Chiquero, Ana; Sanchez-Pages, Santiago - Institute for the Study of Labor (IZA) - 2014

traits on performance. We find that more neurotic subjects perform worse, and that more conscientious individuals perform … affect the impact of the Big Five personality traits on performance. …

Persistent link: https://www.econbiz.de/10010801185

Run for Fun: Intrinsic Motivation and Physical Performance

Filippin, Antonio; Ours, Jan C. van - Institute for the Study of Labor (IZA) - 2012

teams and run for an hour. This allows us not only to study the individual relationship between age and performance but also … performance goes down with age, although the speed-age gradient is rather flat. Group performance goes down with age as well, but … interestingly a counterbalancing force emerges, namely team dynamics that are driven by performance of runners who enter and leave. …

Persistent link: https://www.econbiz.de/10009652532