This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of...

This article analyses the relevance of the extensive and the intensive margin of labour adjustment over the business cycle in Germany and in the United States. Previous research has found that, firstly, the extensive margin dominates and that, secondly, the relative relevance of the two margins...

This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and...

The 2008/2009 global crisis highlighted the vulnerabilities and inter-dependencies in the financial system including the global over-the-counter (OTC) derivatives markets, where significant counterparty credit risk prevails. In this paper, we deal with risk under Basel III banking regulation and...

This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration...

This paper provides an alternative perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4,672 Belgian firms for the period 2003 -...

This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration...

The aim of this article is to examine the effect of building working relationships, communication ability, and office politics on expatriate leaders’ work adjustment in the UAE. Questionnaires and interviews were utilised to explore the elements effecting expatriate work adjustment in UAE...

We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. Foreign banks are more highly capitalized than local non-state banks but...

This paper evaluates the mobility patterns of Slovaks into the rest of the European Union (EU) following Slovakia's EU accession in 2004 and through the Great Recession. Combining information from various data sources including the Slovak Labor Force Survey and conducting our own statistical...

This paper evaluates the mobility patterns of Slovaks into the rest of the European Union (EU) following Slovakia’s EU accession in 2004 and through the Great Recession. Combining information from various data sources including the Slovak Labor Force Survey and conducting our own statistical...

The research examines how personality characteristics and gender influence adjustment to a foreign culture among workers participating in one of two international assignment types: expatriation and frequent business trips. The research presents first evidence of relationships between personality...

This paper evaluates the mobility patterns of Slovaks into the rest of the European Union (EU) following Slovakia's EU accession in 2004 and through the Great Recession. Combining information from various data sources including the Slovak Labor Force Survey and conducting our own statistical...

The credit valuation adjustment (CVA) of OTC derivatives is an important part of the Basel III credit risk capital requirements and current accounting rules. Its calculation is not an easy task - not only it is necessary to model the future value of the derivative, but also the probability of...

Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium counterpart obtained from the user-cost condition. Empirical implementation of this idea, however, is problematic because of quality differences between sold and rented dwellings....

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...

Using data from three sources (a laboratory experiment, a field study, and a large US supermarket chain), we document a surprising asymmetric behavior of 9-ending prices: they are more rigid upward, but not downward, in comparison to non 9-ending prices. The data from the lab experiment and the...

This paper evaluates the mobility patterns of Slovaks into the rest of the European Union (EU) following Slovakia's EU accession in 2004 and through the Great Recession. Combining information from various data sources including the Slovak Labor Force Survey and conducting our own statistical...