Direkt zum Inhalt

Suche

clear
0 Filter gewählt
close
Gehe zur Seite
remove add
2066 Ergebnisse, ab 1581
  • Diskussionspapiere 937 / 2009

    Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe

    The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the monetary overinvestment theories of Wicksell and Hayek in order to trace cyclical deviations of real exchange ...

    2009| Ansgar Belke, Gunther Schnabl, Holger Zemanek
  • Diskussionspapiere 940 / 2009

    Financial Development and Economic Growth: Evidence from Ten New EU Members

    This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the stock and credit markets are still underdeveloped in these economies, and that their contribution to economic ...

    2009| Guglielmo Maria Caporale, Christophe Rault, Robert Sova, Anamaria Sova
  • Diskussionspapiere 885 / 2009

    How Does European Integration Affect the European Stock Markets?

    This paper examines the integration of stock markets in Germany, France, Netherlands, Ireland and UK over January 1973-August 2008 at the aggregate market and industry level considering the following industries: basic materials, consumer goods, industrials, consumer services, health care and financials. The analysis is carried out by using correlation analysis, ß-convergence and s-convergence methods. ...

    2009| Burcu Erdogan
  • Weekly Report 9 / 2009

    Productivity in the Financial Sector: Brains Are More Important than Computers

    A conventional decomposition of the financial sector's gross value added growth into its various components indicates that investments in Information and Communication Technologies are highly important. However, a more comprehensive calculation reveals that growth is the result of - in particular - the increased deployment of medium-skilled labour, without whom the technological potential could not ...

    2009| Georg Erber, Reinhard Madlener
  • Diskussionspapiere 906 / 2009

    Evaluating Greek Equity Funds Using Data Envelopment Analysis

    This study assesses the relative performance of Greek equity funds employing a non-parametric method, specifically Data Envelopment Analysis (DEA). Using an original sample of cost and operational attributes we explore the effect of each variable on funds' operational efficiency for an oligopolistic and bank-dominated fund industry. Our results have significant implications for the investors' fund ...

    2009| Vassilios Babalos, Guglielmo Maria Caporale, Nikolaos Philippas
  • Diskussionspapiere 903 / 2009

    Demand Side Analysis of Microlending Markets in Germany

    In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate on the question of whether an uncovered demand for microlending services exists. The present pilot study ...

    2009| Alexander S. Kritikos, Christoph Kneiding, Claas Christian Germelmann
  • Diskussionspapiere 901 / 2009

    Are Private Equity Investors Good or Evil?

    The paper investigates the motives of activity (entry and exit) of Private Equity (PE) investors in European companies. Investment of a PE firm is not viewed unambiguously. First, it is claimed that PE investment is made for the sake of seeking short-term gains by taking control and utilizing the company's resources. Second, a PE firm invests because of prior identification of chances to add value ...

    2009| Oleg Badunenko, Nataliya Barasinska, Dorothea Schäfer
  • Zeitungs- und Blogbeiträge

    Mikrokredite für Deutschland

    In: Handelsblatt (03.08.2009), [Online-Artikel] | Alexander S. Kritikos, Jan Evers
  • Referierte Aufsätze Web of Science

    EU Banks Rating Assignments: Is There Heterogeneity between New and Old Member Countries?

    We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones areassigned lower ratings, ceteris paribus, than "old" ones. We find that country-specific factors (in the form of heterogeneous intercepts) are a crucial determinant of ratings. ...

    In: Review of International Economics 19 (2011), 1, S. 189-206 | Guglielmo Maria Caporale, Roman Matousek, Chris Stewart
  • Weitere externe Aufsätze

    Monetary Frameworks and Exchange Rate Regimes

    In: Giovanni Capannelli, Jayant Menon (Eds.) , Dealing with Multiple Currencies in Transitional Economies
    Manila : Asian Development Bank
    S. 233-253
    | Patricia Alvarez-Plata, Alfred Steinherr
2066 Ergebnisse, ab 1581
keyboard_arrow_up