We investigate the impact of cross-border takeovers on the performance of target banks in Ukraine. We combine propensity score matching and a difference-in-difference methodology, checking for temporary unobservables. Acquirers mainly targeted large less-capitalised banks with average efficiency...

Menzies (2004) uses a ‘cohorts approach’ to model banknote printing costs. This paper proposes a ‘generational approach’ that allows for more realistic assumptions concerning currency growth and note replacement. The paper shows that Menzies' claim that the case for polymer banknotes...

A number of recent articles argue that the "problem of Bachet"--the problem of finding the most efficient set of standard weights--can shed light on the problem of finding the optimal denominations of coins and bank notes. The present note opposes this view and shows that the two problems are...

This article analyses the competition between cash and payment cards against the backdrop of the dual role of central banks - as issuers of cash and as institutions with a mandate to foster the efficiency of payment systems in general. It is argued that this dual role results in a number of...

We are witnessing a shake-out in the European electronic purse market. Several cards that have been in the market for years have or are about to disappear. On the other hand, there are a number of schemes that are doing reasonably well, particularly in the Benelux. This article looks at the...

For the first time, the determinants of a country’s success at the Paralympic Games are studied, using data from four editions, starting in 1996. By means of a tobit panel, the authors find that gross domestic product (GDP) per capita, population, having many participants per million...

Nonprofit organizations (NPOs) are increasingly required to become (more) effective. This review summarizes and integrates the results of studies focusing on NPOs’ governance effectiveness. It proposes an extension of stakeholder theory to NPOs concerning governance involving diverse...