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Taking Gravity Online : The Role of Virtual Proximity In International Finance

Hellmanzik, Christiane - 2016

framework. We contribute to the literature by exploring the role of virtual proximity – measured by bilateral internet …

Persistent link: https://www.econbiz.de/10013000305

The Digital Economy, Privacy, and CBDC

Ahnert, Toni; Hoffmann, Peter; Monet, Cyril - 2022

We study a model of financial intermediation, payment choice, and privacy in the digital economy. Cash preserves anonymity but cannot be used for more efficient online transactions. By contrast, bank deposits can be used online but do not preserve anonymity. Banks use the information contained...

Persistent link: https://www.econbiz.de/10013288804

Are internet prices sticky?

Lünnemann, Patrick; Wintr, Ladislav - 2006

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional … over the Internet. It includes more than 5 million daily price quotes downloaded from price comparison web sites in France … for common CPI data, Internet prices in the EU countries do not change less often than online prices in the US. Second …

Persistent link: https://www.econbiz.de/10011604691

Virtual proximity and audiovisual services trade

Schmitz, Martin; Hellmanzik, Christiane - 2015

Audiovisual services such as music and movies in digital formats have gained substantial importance over the last decade. This paper analyses audiovisual services in a gravity model framework. In particular, we explore the role of virtual proximity - a new proxy for cultural proximity based on...

Persistent link: https://www.econbiz.de/10011605871

Taking gravity online: the role of virtual proximity in international finance

Hellmanzik, Christiane; Schmitz, Martin - 2016

framework. We contribute to the literature by exploring the role of virtual proximity – measured by bilateral internet …

Persistent link: https://www.econbiz.de/10011605924

Are Internet Prices Sticky?

Lunnemann, Patrick; Wintr, Ladislav - 2021

This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional … over the Internet.It includes more than 5 million daily price quotes downloaded from price comparison web sites in France … for common CPI data, Internet prices in the EU countries do not change less often than online prices in the US. Second …

Persistent link: https://www.econbiz.de/10013317571

Debt overhang, rollover risk, and corporate investment: Evidence from the European crisis

Kalemli-Ozcan, Sebnem; Laeven, Luc; Moreno, David - 2019

We quantify the role of financial factors behind the sluggish post-crisis performance of European firms. We use a firm-bank-sovereign matched database to identify separate roles for firm and bank balance sheet weaknesses arising from changes in sovereign risk and aggregate demand conditions. We...

Persistent link: https://www.econbiz.de/10012142085

Oil price shocks and real GDP growth: empirical evidence for some OECD countries

Jiménez-Rodríguez, Rebeca; Sánchez, Marcelo - 2004

This paper assesses empirically the effects of oil price shocks on the real economic activity of the main industrialised countries. Multivariate VAR analysis is carried out using both linear and nonlinear models. The latter category includes three approaches employed in the literature, namely,...

Persistent link: https://www.econbiz.de/10011604408

Mergers and acquisitions and bank performance in Europe: the role of strategic similarities

Altunbas, Yener; Marqués-Ibáñez, David - 2004

An unprecedented process of financial consolidation has taken place in the European Union over the past decade. Building on earlier US evidence, we examine the impact of strategic similarities between bidders and targets on post-merger financial performance. We find that, on average, bank...

Persistent link: https://www.econbiz.de/10011604444

The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark; Strauch, Rolf; von Hagen, Jürgen - 2004

This paper examines the development of fiscal rules and budget procedures in EU countries, and their impact of public finances since the mid-1980s. It presents a new data set on institutional reforms and their impact in Europe. Empirical pattern confirm our prediction that more stringent fiscal...

Persistent link: https://www.econbiz.de/10011604465