Similar Search Results

Hanson, Samuel G. - 2014

We examine the business model of traditional commercial banks in the context of their co-existence with shadow banks. While both types of intermediaries create safe "money-like" claims, they go about this in different ways. Traditional banks create safe claims by relying on deposit insurance,...

Persistent link: https://www.econbiz.de/10012458379

Bank Health Post-Crisis

Chousakos, Kyriakos T. - 2017

Economic growth is persistently low following a financial crisis, possibly because of a continuing weal banking system. In a financial crisis bank health is significantly damaged. Post-crisis regulatory changes have aimed at restoring bank health, but measuring bank health by Tobin's Q, we find...

Persistent link: https://www.econbiz.de/10012455514

Banks, the IMF, and the Asian Crisis

Kho, Bong-Chan - 1999

This paper examines the impact of the Asian crisis on bank stocks across four Western countries and six Asian countries. In the second half of 1997, Western banks experienced positive returns. In contrast East Asian bank indices incurred losses in excess of 60% in each of the crisis countries....

Persistent link: https://www.econbiz.de/10012471423

Beyond Becker : Training in Imperfect Labor Markets

Acemoglu, Daron - 1998

In this paper, we survey non-competitive theories of training. With competitive labor markets, firms never pay for investments in general training, whereas when labor markets are imperfect, firm-sponsored training arises as an equilibrium phenomenon. We discuss a variety of evidence which...

Persistent link: https://www.econbiz.de/10012472074

Has Work-Sharing Worked in Germany?

Hunt, Jennifer - 1996

Starting in 1985, (West) German unions began to reduce standard hours on an industry by industry basis, in an attempt to lower unemployment. Whether work-sharing works - whether employment rises when hours per worker are reduced - is theoretically ambiguous. I test this using both individual...

Persistent link: https://www.econbiz.de/10012473114

Universal Banking and the Performance of German Firms

Gorton, Gary - 1996

investment, and for contesting corporate governance. In Germany, where the stock market has historically been small, banks hold …

Persistent link: https://www.econbiz.de/10012473409

Labor Market Institutions and the Distribution of Wages, 1973-1992 : A Semiparametric Approach

DiNardo, John - 1995

This paper presents a semiparametric procedure to analyze the effects of institutional and labor market factors on recent changes in the U.S. distribution of wages. The effects of these factors are estimated by applying kernel density methods to appropriately 'reweighted' samples. The procedure...

Persistent link: https://www.econbiz.de/10012473794

Labor Adjustment Under Different Institutional Structures : A Case Study of Germany and The United States

Houseman, Susan N. - 1993

Like most Western European countries, Germany stringently regulates dismissals and layoffs. Critics contend that this … Germany. We find little evidence that inventories help to buffer demand fluctuations in either country. Our findings suggest …

Persistent link: https://www.econbiz.de/10012474430

A Comparative Analysis of East and West German Labor Markets : Before and After Unification

Krueger, Alan B. - 1992

In 1988, the wage distribution in East Germany was much more compressed than in West Germany or the U.S. Since the … collapse of Communism and unification with West Germany, however, the wage structure in eastern Germany has changed … Germany, individual variation in wage growth is similar to typical western levels. The wage structure of former East Germans …

Persistent link: https://www.econbiz.de/10012474816

Old Europe ages : Reforms and Reform Backlashes

Boersch-Supan, Axel H. - 2010

This paper focuses on three large Continental European countries: France, Germany, and Italy. These countries have …

Persistent link: https://www.econbiz.de/10012462881