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Asymmetric Shocks and Risk Sharing in a Monetary Union: Updated Evidence and Policy Implications for Europe
ˉnancial integration regional specialization
2015/9/21
We ˉnd that risk sharing in the European Union (EU) has been increasing over the
past decade due to increased cross-ownership of assets across countries. Industrial speciaization has also been increa...
Measuring Intangible Capital and Its Contribution to Economic Growth in Europe
Measuring Intangible Capital Economic Growth
2015/9/21
This paper describes the state of the art in the measurement of intangible capital and its
contribution to economic growth, with a focus on an international comparison of intangible
investment int...
Differences in Economic Fluctuations in Japan, the U.S. and Europe: The Role of Nominal Rigidities
Economic Fluctuations Nominal Rigidities
2015/8/4
This paper examines the differences between economic fluctuations in the
United States and Japan during the period from 1972 through 1986. During this
period the size of the fluctuations in real out...
USING LIGHT-AT-NIGHT (LAN) SATELLITE DATA FOR IDENTIFYING CLUSTERS OF ECONOMIC ACTIVITIES IN EUROPE
Economic activities (EAs) clusters satellite photometry
2015/5/7
Enterprises organized in clusters are often efficient in stimulating urban development, productivity and profit outflows. Identifying clusters of economic activities (EAs) thus becomes an important ...
Clusters and the New Growth Path for Europe
Technological Innovation Competition Industry Clusters Globalization Economic Growth Europe
2015/4/28
This paper outlines elements of a conceptual framework that clarifies the role that clusters play relative to government policies and actions of individual companies in supporting the emergence of "Hi...
Dieselization and Road Transport CO2 Emissions: Evidence from Europe
Road Transport CO2 Emissions Fuel Prices Dieselization
2013/2/23
Road transport carbon dioxide emissions were analyzed, by focusing on a panel of 14 European countries for the time span 1995-2007. We deal with the existence of contemporaneous correlation by using t...
Explaining the Reform of Banking Supervision in Europe: An Integrative Approach
National frameworks banking financial supervision various European countries international and EU factors
2011/9/28
National frameworks for banking and, more generally, financial supervision in various European countries have undergone significant changes in the last decade or so. What explains these supervisory re...
Regional Integration Challenges in South East Europe: Banking Sector Trends
reviews institution-building process transition countries regional integration
2011/9/28
This article reviews and evaluates a particular aspect of the institution-building process in the transition countries of Southeast Europe. It focuses on the development of the banking sector. It argu...
Health Insurance Coverage In Central And Eastern Europe: Trends And Challenges
Health insurance systems different ways centralized health systems major spending pressures
2011/9/7
Health insurance systems in Central and Eastern Europe have evolved in different ways from the centralized health systems inherited from the Soviet era, but there remain common trends and challenges i...