We assess whether compliance with Basel III’s main requirements, the Net Stable Funding Ratio (NSFR) and the risk-weighted Total Capital Ratio (TCR), matters for lending and stability of African banks. Banks with an NSFR or a TCR of at least the required minimum are defined as treatment group in the endogenous treatment estimations. Our results reveal that African banks complying with the capital threshold ...
Following the fall of the Iron Curtain it was important for the acceptance of the new economic and political system that the former Communist elites did not maintain their privileges, and that protesters, who helped to overturn the old system, improved their situation. With newly available panel data on East Germany’s socialist past, the German Democratic Republic, we analyze how former Communist elites, ...
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It lowers inflation, raises output growth, ...
Cost-utility analysis compares the monetary cost of health interventions to the associated health consequences expressed using quality-adjusted life years (QALYs). At whichthreshold the ratio of both is still acceptable is a highly contested issue. Obtaining societal valuations of the monetary value of a QALY can help in setting such threshold values but it remains methodologically challenging. A recent ...
Utilizing the data of a large nationwide household survey conducted in 2014, we investigatepublic preferences on nuclear power in Japan after the Fukushima nuclear accident and the role offour sets of factors: (1) household/individual socioeconomic characteristics, (2) psychological status,(3) geographical aspects, and (4) Fukushima accident-related experiences. The preferred energy mix,according to ...
Individuals typically traverse several life phases before forming a family. We analyse whether changing the duration of one of these phases, the education phase, affects the timing of marriage and childbearing. For this purpose, we exploit the introduction of short school years in Germany in 1966-67, which compressed the education phase without affecting the curriculum. Based on difference-in-differences ...
