Similar Search Results

Boeri, Tito; Mishra, Prachi; Papageorgiou, Chris; … - 2018

Populists claim to be the only legitimate representative of the people. Does it mean that there is no space for civil society? The issue is important because since Tocqueville (1835), associations and civil society have been recognized as a key factor in a healthy liberal democracy. We ask two...

Persistent link: https://www.econbiz.de/10011978365

Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

US vs. euro area : who drives cross border bank lending to EMs?

Cerutti, Eugenio M.; Osorio Buitron, Carolina - 2019

-2014Q4, by assessing the impact of monetary, financial and real sector shocks in both the US and the euro area. The … recently the importance of both US and Euro Area (EA) financial/banking sectors' related variables. Our contribution is the …

Persistent link: https://www.econbiz.de/10012103728

Explaining the shadow economy in Europe : size, causes and policy options

Kelmanson, Ben; Kirabaeva, Koralai; Medina, Leandro; … - 2019

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...

Persistent link: https://www.econbiz.de/10012155041

Wage growth and inflation in Europe : a puzzle?

Boranova, Vizhdan; Huidrom, Raju; Nowak, Sylwia; … - 2019

Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that...

Persistent link: https://www.econbiz.de/10012155053

Structural reforms and labor reallocation : a cross-country analysis

ElFayoumi, Khalid; Ndoye Faye, Anta; Nadeem, Sanaa; … - 2018

Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors … financial market liberalization, less bureaucracy, strong judicial and regulatory environment, trade liberalization, better …

Persistent link: https://www.econbiz.de/10011848170

The labor market integration of migrants in Europe : new evidence from micro data

Ho, Giang; Turk Ariss, Rima - 2018

This paper presents novel empirical evidence on the labor market integration of migrants across Europe. It investigates … substantial heterogeneity in the patterns of labor market integration across host countries and by migrant gender and origin. Our … results also point to the importance of cohorts and network effects, initial labor market conditions, and the differential …

Persistent link: https://www.econbiz.de/10011932485

Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis

Chan-Lau, Jorge A. - 2012

This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....

Persistent link: https://www.econbiz.de/10014412154

Adjusting to New Realities : MENA the Uruguay Round, and the Eu-Mediterranean Initiative

Fennell, Susan - 1997

This paper addresses concerns that the Middle East and North Africa (MENA) region, with the exception of the GCC economies, has lagged behind in trade liberalization. This delay has adversely affected production efficiency and consumer welfare and could reduce the region’s ability to attract...

Persistent link: https://www.econbiz.de/10014400709

Open Regionalism in a World of Continental Trade Blocs

Frankel, Jeffrey A. - 1998

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That...

Persistent link: https://www.econbiz.de/10014400779