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We use the introduction of a U.S. commercial credit bureau to study when lenders adopt voluntary information sharing technology and the resulting consequences for competition and credit access. Our results suggest that lenders trade off access to new markets against heightened competition for...
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Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States. For this purpose, we...
Persistent link: https://www.econbiz.de/10010354695
-led trade war against China and its immediate consequences for China, the US and the EU. Although protectionism can never be … concentrated in sectors that are also key for the EU’s exports to China, with the exception of energy and agricultural products … for the US but also for the EU and the rest of the world. Against this background, this paper reviews the EU’s options in …
Persistent link: https://www.econbiz.de/10011993235
The question of the spatial impacts of the Information and Communication Technology (ICT) has animated the intellectual and policy debate for a long time. At the beginning of the 1990s the rise of the Internet brought a new surge of debate: it was argued that the Internet would free the economy...
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This study assesses the effects of urban governance structure on the spatial expansion of metropolitan areas. A more fragmented governance structure, represented by a high number of administrative units with decision power on land use per inhabitant, is expected to increase the competition...
Persistent link: https://www.econbiz.de/10012111232