The choice of location of foreign direct investments (FDI) by multinational enterprises
(MNEs) has been the subject of intense scrutiny for decades and continues to be so. Yet, the …

The dramatic increase in securitisation activity experienced in Europe in the years following
the introduction of the euro has altered the liquidity, credit and maturity transformation role …

We study sources and consequences of fluctuations in the US housing market. Slow
technological progress in the housing sector explains the upward trend in real housing …

This article contributes to the growing empirical literature on family firms by studying the
impact of the founder–chief executive officer (CEO) succession in a sample of Italian firms …

We find evidence of a bank lending channel operating in the euro area via bank risk.
Financial innovation and the wider use of new ways of transferring credit risk have tended to …

In this article we estimate the wage and employment effects of recent immigration in Western
Germany. Using administrative data for the period 1987–2001 and a labor-market …

Consideration of world inequality should cause reexamination of the key concepts
underlying the welfare approach to measuring income inequality and its relation to …

We investigate how different conceptions of distance impact upon one of the fundamental
decisions made by foreign investors, the choice of foreign direct investment (FDI) location …

A large body of literature has shown that small firms experience difficulties in accessing the
credit market due to informational asymmetries. Banks can overcome these asymmetries …

This paper presents new evidence on the patterns of price and wage adjustment in
European firms and on the extent of nominal rigidities. It uses a unique dataset collected …