The objective of this paper is to identify the role of memory in repeated contracts with moral hazard in financial intermediation. We use the database we have built containing the contracts signed by the European Bank for Reconstruction and Development EBRD between 1991 and 2003. Our framework...

This study aims at analyzing the determinants of foreign direct investment inflows for a group of European regions. The originality of this approach lies in the use of disaggregated regional data. First, we develop a qualitative description of our database and discuss the importance of the...

The present paper aims at analyzing the sources of labor productivity in Europe at regional level. We study the productivity performance in a sample of twenty European regions belonging to four countries (France, Germany, Italy and Spain). Exploiting the increasing availability of disaggregated...

The present paper aims at analyzing the sources of productivity in Europe to account for its recent underperformance and identify potential geographic idiosyncracies. We study the productivity performance and its sources in a sample of ten European regions belonging to four countries (France,...

This study aims at analyzing the determinants of FDI (foreign direct investment) inflows for a group of European regions. The originality of this approach lies in the use of disaggregated regional data. First, we develop a qualitative description of our database and discuss the importance of the...

The objective of this paper is to identify the role of memory in repeated contracts with moral hazard in financial intermediation. We use an original dataset from the European Bank for Reconstruction and Development to test a basic model with repeated moral hazard. To capture the role of memory,...

The objective of this paper is to identify the role of memory as a screening device in repeated contracts with asymmetric information in financial intermediation. We use an original dataset from the European Bank for Reconstruction and Development. We propose a simple empirical method to capture...

Richard Florida, The Rise of the Creative Class, and how it's Transforming Work, Leisure, Community and Everyday Life Gabriele Tondl, Convergence After Divergence? Regional Growth in Europe Brookings Institution Center on Urban & Metropolitan Policy, Beyond Merger: A Competitive Vision for the...

This paper proposes an empirical analysis associated with a case study. It focuses on the financing strategy adopted by the European Bank for Reconstruction and Development in the period 1991–2003. Our added value is an original exploration concerning the role of institutional memory. By...

This paper proposes an empirical analysis for asessing the extent to which multinational firms can effectively support market creation strategies. Our setting focuses on the transition countries, namely ex-socialist countries. Focusing on the lending policy of the European Bank for...