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  1. Trade openness and income inequality
    new empirical evidence
    Erschienen: July 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade... mehr

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    We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across countries. Trade openness tends to disproportionately benefit the relative income shares of the very poor, but not necessarily all poor, in emerging and developing economies. In most advanced economies, trade openness increased income inequality, an effect that is driven by outliers. Our results suggest a strong effect of trade openness on inequality in China and transition countries.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/245384
    Schriftenreihe: CESifo working paper ; no. 9203 (2021)
    Schlagworte: trade openness; globalization; income inequality; instrumental variable estimation; panel econometrics; development levels; transition economies
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Asset encumbrance in euro area banks
    analysing trends, drivers and prediction properties for individual bank crises

    Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their capacity to obtain secured funding. This occasional paper summarises the work carried out by the task force on asset encumbrance,... mehr

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    DS 535
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    Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their capacity to obtain secured funding. This occasional paper summarises the work carried out by the task force on asset encumbrance, bringing together analyses by the ECB and those national competent authorities working on the topic. First, we describe how asset encumbrance has evolved in euro area banks, focusing on country and business model aggregates. Second, we conduct an econometric analysis of the driving factors of banks’ asset encumbrance, highlighting the relevance of credit risk, the availability of high quality collateral suitable for encumbrance, capital and sovereign funding conditions. Third, we turn our focus to the asset encumbrance dynamics of banks that have experienced a crisis. The outcome of this event study analysis indicates that asset encumbrance increases in the lead-up to a crisis, partly to offset early deposit outflows. Building on these findings, we show that asset encumbrance indicators carry predictive information for bank-specific crises as part of a multivariate early warning model.

     

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    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289945660
    Weitere Identifier:
    hdl: 10419/246192
    Schriftenreihe: Occasional paper series / European Central Bank ; no 261 (August 2021)
    Schlagworte: asset encumbrance; liquidity; bank funding; collateral; bank crisis; early warning model; panel econometrics
    Umfang: 1 Online-Ressource (73 Seiten), Illustrationen
  3. Trade openness and income inequality
    new empirical evidence
    Erschienen: July 2021
    Verlag:  ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich, Germany

    We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade... mehr

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    DS 402
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    We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across countries. Trade openness tends to disproportionately benefit the relative income shares of the very poor, but not necessarily all poor, in emerging and developing economies. In most advanced economies, trade openness increased income inequality, an effect that is driven by outliers. Our results suggest a strong effect of trade openness on inequality in China and transition countries.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/235942
    Schriftenreihe: Ifo working papers ; 359 (2021)
    Schlagworte: Trade openness; globalization; income inequality; instrumental variable estimation; panel econometrics; development levels; transition economies
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  4. Evaluating the effects of ICT core elements on CO2 emissions
    recent evidence from OECD countries
    Erschienen: [2022]
    Verlag:  [Research Institute for Regulatory Economics, WU Vienna], [Vienna]

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: This draft: June 2022
    Schriftenreihe: [Working papers] / [Research Institute for Regulatory Economics, WU Vienna]
    Schlagworte: ICT; digitization; CO 2 emissions; electricity consumption; OECD data; panel econometrics
    Umfang: 1 Online-Ressource (circa 41 Seiten)
  5. Evaluating the effects of ICT core elements on CO2 emissions
    recent evidence from OECD countries
    Erschienen: June 2022
    Verlag:  EcoAustria - Institute for Economic Research, Vienna, Austria

    Digitization-related services and applications are based on the information and communications technology (ICT) ecosystem and encompass almost all areas of society and economic sectors nowadays and exert numerous opposing effects in regard to... mehr

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    Digitization-related services and applications are based on the information and communications technology (ICT) ecosystem and encompass almost all areas of society and economic sectors nowadays and exert numerous opposing effects in regard to electricity consumption and corresponding CO2 emissions. Our analysis aims to inform policy decision makers about the actual climate relevance of the ICT ecosystem by providing sound empirical evidence on the net effect of various ICT core elements based on recent OECD panel data utilizing panel econometric estimation methods that include instrumental variables. We found that the CO2-reducing positive indirect effects seem to outweigh the negative, in other words, CO2-increasing direct and indirect effects on average. Specifically, we found that, in addition to the lowering effect related to the use of basic broadband connections, there was another lowering effect-albeit smaller-related to new fiber-based broadband connections. In contrast, other elements of the ICT ecosystem, such as mobile broadband networks or electronic end-user devices, showed no significant net impact on CO2 emissions. Our main findings suggest that broadband networks can give rise to positive environmental effects for society. We conclude that undifferentiated climate policy measures imposed on the ICT ecosystem would not do justice to the identified heterogeneity, with numerous in part opposing effects, and likely would be accompanied by inefficiencies and market distortions.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/264590
    Schriftenreihe: Research paper / EcoAustria ; no. 22
    Schlagworte: ICT; digitization; CO2 emissions; electricity consumption; OECD data; panel econometrics
    Umfang: 1 Online-Ressource (circa 48 Seiten)
  6. Asset encumbrance in euro area banks
    analysing trends, drivers and prediction properties for individual bank crises

    Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their capacity to obtain secured funding. This occasional paper summarises the work carried out by the task force on asset encumbrance,... mehr

    Zugang:
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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their capacity to obtain secured funding. This occasional paper summarises the work carried out by the task force on asset encumbrance, bringing together analyses by the ECB and those national competent authorities working on the topic. First, we describe how asset encumbrance has evolved in euro area banks, focusing on country and business model aggregates. Second, we conduct an econometric analysis of the driving factors of banks’ asset encumbrance, highlighting the relevance of credit risk, the availability of high quality collateral suitable for encumbrance, capital and sovereign funding conditions. Third, we turn our focus to the asset encumbrance dynamics of banks that have experienced a crisis. The outcome of this event study analysis indicates that asset encumbrance increases in the lead-up to a crisis, partly to offset early deposit outflows. Building on these findings, we show that asset encumbrance indicators carry predictive information for bank-specific crises as part of a multivariate early warning model.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289945660
    Weitere Identifier:
    hdl: 10419/246192
    Schriftenreihe: Occasional paper series / European Central Bank ; no 261 (August 2021)
    Schlagworte: asset encumbrance; liquidity; bank funding; collateral; bank crisis; early warning model; panel econometrics
    Umfang: 1 Online-Ressource (73 Seiten), Illustrationen
  7. Globalisation and income inequality revisited
    fellowship initiative "Challenges to Integrated Markets"
    Erschienen: 2017
    Verlag:  Publications Office of the European Union, Luxembourg

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    Hinweise zum Inhalt
    Volltext (kostenfrei)
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    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789279649035
    Weitere Identifier:
    Schriftenreihe: Array ; 056 (July 2017)
    Schlagworte: globalisation; income inequality; redistribution; instrumental variable estimation; panel econometrics; development levels; transition economies
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen