Has Regulatory Capital Made Banks Safer? Skin in the Game vs Moral Hazard
In: ECB Working Paper No. 20202449
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In: ECB Working Paper No. 20202449
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In: ESRB: Working Paper Series No. 2019/91
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In: ECB Working Paper No. 2449
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In: Const Polit Econ (2018) 29:69–92
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In: International Economics and Economic Policy, January 2017, Volume 14, Issue 1, pp 167-185
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In: ECB Working Paper No. 2023/2796
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In: ECB Working Paper No. 2333
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In: Economics of transition, Band 25, Heft 4, S. 625-662
ISSN: 1468-0351
AbstractThis paper focuses on intra‐industry trade (IIT) between Central, Eastern and South‐Eastern European (CESEE) countries and the EU‐15. It assesses the determinants of intra‐industry trade by combining a detailed product‐level (HS‐6) trade‐flow database with country‐level structural, monetary and institutional variables. Estimates are obtained with System‐GMM and dynamic fractional response models. Our results suggest that structural factors driving IIT differ in the region, notably perceptions of corruption and the distance in the stock of physical capital from the EU‐15. On the other hand, nominal variables such as the competitiveness of corporate taxation and the flexibility of exchange rate regimes contribute to the increase in intra‐industry trade in the whole region.
In: Economics of Transition, Band 25, Heft 4, S. 625-662
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 24/2017
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In: CEPR Discussion Paper No. DP12057
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In: Swiss Finance Institute Research Paper No. 17-01
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In: ECB Working Paper No. 1719
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In: ECB Working Paper No. 2391
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