This paper uses the framework of long-term financial system development to describe and assess the reform process in Thailand after 1997. The present financial reforms are well in line with the pattern of financial development found in the academic literature. A detailed analysis of capital...

Financial liberalisation has often failed in the past due to underestimated problems of structural change. We analyse such changes in lending behaviour of Thai commercial banks during a liberalisation phase by way of unique micro data. Liberalisation has expected positive effects, such as...

The high-frequency analysis of foreign exchange dynamics is helpful in order to better identify the impact of central bank interventions. Evidence robustly shows that interventions do indeed move the exchange rate level in the desired direction. Interventions increase volatility in the short run...

This paper presents some selective aspects of standard econometric methods and of new developments in econometrics that are important for applications with microeconomic data. The range includes variance estimators, measurement of outliers, problems of partially identified parameters, nonlinear...

In diesem Beitrag wird die regionale Ausbreitung von COVID-19-Infektionen untersucht. Unter Verwendung der Hauptkomponentenanalyse, des LARS- und RLASSO-Auswahlverfahrens erfolgt eine Variablenreduktion. Geprüft wird die Bedeutung von Zustandsabhängigkeit, unbeobachteter Heterogenität und...

This paper analyses cyclical effects on job-to-job mobility using German data. The focus lies on the influence of the regional unemployment rate and the regional growth of the GDP. Job-to-job transitions are fragmented into external and internal movements. The innovation is to describe mobility...