infonet-economy

We assess the effect of securitization activity on banks’ lending rates employing a uniquely detailed dataset from the euro-denominated syndicated loan market. We find that, in the run up to the 2007-2009 crisis banks that were more active at originating asset-backed securities did not price their loans more aggressively (i.e. with narrower lending spreads) than less-active banks.…

As globalization brings people with incompatible attitudes into contact, cultural conflicts inevitably arise. Little is known about how to mitigate conflict and about how the conflicts that occur can shape the cultural evolution of the groups involved. Female genital cutting is a prominent example1, 2, 3. Governments and international agencies have promoted the abandonment of cutting…

This introductory umbrella chapter interlinks the three essays of this dissertation thesis and explains their stance towards the economic discipline. The essays focus on two key exchange rate puzzles, which are the forward premium puzzle of Fama (1984) and the consumption real exchange rate correlation puzzle of Backus and Smith (1993). As regards the first puzzle, this thesis…

This paper examines the predictive power of five linear hedonic pricing models for the residential market with varying levels of complexity in their spatial and temporal structures. Unlike similar studies, we extend the out-of-sample forecast evaluation to one-day-ahead predictions with a rolling estimation window, which is a reasonable setting for many practical applications. We…

Supply Chains have to be designed and managed holding simultaneously into account many different performance measures. Moreover, modern Supply Chains have to ensure satisfying performances despite an increasing degree of complexity and market uncertainty as well as be capable to limit the negative impacts of disruptive events. A multi-criteria robustness evaluation framework is…

The papers presented in this volume advance the state-of-the-art research on digital marketing and social media, mobile computing and responsive web design, semantic technologies and recommender systems, augmented and virtual reality, electronic distribution and online travel reviews, MOOC and eLearning, eGovernment and sharing economy. This book covers the most significant areas…

When designing and assessing a business model, a more visual and practical ontology and framework is necessary. We draw lessons from usage by practitioners around the world of the Business Model Canvas (BMC) method to define three maturity level. We propose new concepts to help design the dynamic aspect of a business model. On the first level, the BMC supports novice users as they…

This paper reports on selected findings fr om a study conducted on collaborative-learning in undergraduate and post-graduate management educ ation. Course redesign called for the inclusion of synchronous and asynchronous learning tasks in th e course syllabus. The findings reported here are for the first, second, third and fourth iterations of the course carried out over a two-…

We investigate the dynamic effects of interregional labor market integration on migration flows, capital formation, and the price for housing services. The co-evolution of these variables depends on initial conditions at the time of labor market integration. In an initially capital-poor economy, there may be a reversal of migration flows during the transition to the steady state,…