Similar Search Results

When is Quality of Financial System a Source of Comparative Advantage?

Ju, Jiandong - 2010

Does finance follow the real economy, or the other way around? This paper unites the two competing schools of thought in a general equilibrium framework. Our key result is that there are threshold effects defined by a set of deep institutional parameters (cost of financial intermediation,...

Persistent link: https://www.econbiz.de/10012759326

Status Competition and Housing Prices

Wei, Shang-Jin - 2012

is an important marker for relative status in the marriage market, then competition for marriage partners might motivate … the intensity of status competition. Our innovation is to explore regional variations in the sex ratio for the pre …-marital age cohort across China, which likely has triggered variations in the intensity of competition in the marriage market. The …

Persistent link: https://www.econbiz.de/10013107518

A Theory of the Competitive Saving Motive

Du, Qingyuan - 2013

savings for mating competition that is made more fierce by an increase in the male-to-female ratio in the pre-marital cohort …

Persistent link: https://www.econbiz.de/10013084728

The Competitive Saving Motive : Evidence from Rising Sex Ratios and Savings Rates in China

Wei, Shang-Jin - 2010

The high and rising household savings rate in China is not easily reconciled with the traditional explanations that emphasize life cycle factors, the precautionary saving motive, financial development, or habit formation. This paper proposes a new competitive saving motive: As the sex ratio...

Persistent link: https://www.econbiz.de/10013152435

The Competition between Competition Rules

Sinn, Hans-Werner - 2021

Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …

Persistent link: https://www.econbiz.de/10013227744

Eurowinners and Eurolosers : The Distribution of Seigniorage Wealth in Emu

Sinn, Hans-Werner - 2010

The European Monetary Union (EMU) will involve socialization of the existing seigniorage wealth of the national central banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the historical process of money creation. This socialization...

Persistent link: https://www.econbiz.de/10012763579

The Ecb's Fiscal Policy

Sinn, Hans-Werner - 2018

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarizes the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...

Persistent link: https://www.econbiz.de/10012918640

Open Regionalism in a World of Continental Trade Blocs

Wei, Shang-Jin; Frankel, Jeffrey A. - 2021

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 their trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries....

Persistent link: https://www.econbiz.de/10013225933

Tax Harmonization and Tax Competition in Europe

Sinn, Hans-Werner - 2021

concludes with a verdict on tax competition arguing that free migration renders a policy of income redistribution, which is …

Persistent link: https://www.econbiz.de/10013227514

Why Has the Euro Been Falling? An Investigation into the Determinants of the Exchange Rate

Sinn, Hans-Werner; Westermann, Frank - 2021

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10013230968