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rate competition and increases the banks price setting power as shown in Schliephake and Kirstein (2013). This paper … the enhanced price setting power can reverse the net effect that capital requirements have under perfect competition. …
Persistent link: https://www.econbiz.de/10010486698
We examine a game of competition with access provision in which service quality is endogenously determined through … infrastructure upgrades with spillovers. There are two types of equilibria in the free competition regime. In particular, voluntary …
Persistent link: https://www.econbiz.de/10010396265
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan event....
Persistent link: https://www.econbiz.de/10011711957
Income equality and trust seem to go along with several other ingredients of social capital as determinants of economic growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank and by The Standardized World Income Inequality...
Persistent link: https://www.econbiz.de/10011966802
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010338973
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
role of long-run and short-run price stickiness under discretion and commitment in a straightforward and intuitive way … when a commitment to hold nominal rates at zero for an extended period is optimal. We then introduce government spending …
Persistent link: https://www.econbiz.de/10010483306
Persistent link: https://www.econbiz.de/10000422490