Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market structures and macroeconomic stability in the longer term. In this study, I theoretically and empirically analyze how different modes of cross-border banking impact bank concentration. I use a two- country general equilibrium model with heterogeneous banks developed by De Blas and Russ ...
This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate long memory methods are used. The results vary depending on whether the former or the latter approach is followed. Specifically, when taking a univariate approach, ...
Are capital controls and macroprudential measures successful in achieving their objectives? Assessing their effectiveness is complicated by selection bias and endogeneity; countries which change their capital-flow management measures (CFMs) often share specific characteristics and are responding to changes in variables that the CFMs are intended to influence. This paper addresses these challenges by ...
Now included: the documentation of the Biographie and History Data!The recent SOEP-Daten (v29, 1984-2012) for the first time are distributed by download (after signing a data distribution contract and via a server with special encryption method). To save space on these special server, the data documentation is not included in the data download. We kindly ask to download the documentation of the data ...
The 54 million vehicles in Germany drove almost 720 billion kilometers in 2012. To date, alternative drive systems and fuels have not achieved any notable success in terms of vehicle numbers or vehicle use. However, the diesel engine, which has higher emissions of air pollutants, is gaining ground: diesel vehicles now constitute 29 percent of all passenger vehicles and 43 percent of all kilometers ...
From December 12 to 13, the annual Graduate Center Winter Workshop took place in the Schumpeter Hall of DIW Berlin. During the two day workshop, doctoral students presented their current research and received feedback from their supervisors and peers. The program consisted of 12 presentations that cover a large range of topics in economics and social sciences, including four by GC alumni. Please find ...
by Marcel Fratzscher, Philipp König and Claudia Lambert in: DIW Economic Bulletin 11/12 /2013. The debate about TARGET2, the payment system of the European System of Central Banks (ESCB), has resulted in controversial discussions in Germany in recent years. The present study by DIW Berlin concludes that fears often expressed in this context of the risks to Germany are largely unfounded. ...
in: DIW Economic Bulletin 11/12 /2013"Settling TARGET Balances after the Euro Crisis". Seven Questions to Claudia Lambert and Philipp König
