Showing 1 - 10 of 186
Persistent link: https://www.econbiz.de/10003783617
This research focuses on the advancement of the Compliance function within banks, investment and insurance companies and on the effect of applying Community regulations as called for by the MiFID Directive. Eighty four financial intermediaries: banks, investment companies and insurance companies...
Persistent link: https://www.econbiz.de/10013157238
Persistent link: https://www.econbiz.de/10011562616
Persistent link: https://www.econbiz.de/10014418788
The global welfare implications of home market effects in trade models with imperfect competition are little understood. This paper proposes a simple model in which such implications can be easily analyzed. It shows an overall tendency of imperfectly competitive sectors to inefficiently cluster...
Persistent link: https://www.econbiz.de/10004981429
The existence of an empirical relationship between the adoption of an IMF programme and the concession of a debt rescheduling by commercial creditors is tested using a bivariate probit model. If countries who have arrangements with the IMF are more likely than others to obtain a rescheduling of...
Persistent link: https://www.econbiz.de/10004981431
Persistent link: https://www.econbiz.de/10004981432
During the 1990s the NAFTA has stimulated a process of financial integration which was not properly anticipated at the beginning of the decade or regulated under the treaty arrangement. The secular process of private sector currency substitution (‘dollarisation’) stimulated by successive...
Persistent link: https://www.econbiz.de/10004981433
This paper presents a theory of underdevelopment. It explains why developing countries may not be able to successfully implement the productive technologies or modes of organization used in developed ones. It also suggests ways around this problem of implementation, and provides an explanation...
Persistent link: https://www.econbiz.de/10004981434
We study the effect of trade integration on the regional coevolution of income, migrations, and unemployment in a dynamic coreperiphery model with limited labor mobility and frictions in the job matching process. Our model can help explain a recently documented empirical puzzle, i.e., the...
Persistent link: https://www.econbiz.de/10004981435