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Digitale Disruption in der Versicherungswirtschaft: Von der Verteidigung des Geschäftsmodells bis zur Auflösung der Branche

In der jüngeren Vergangenheit konnten gravierende Marktveränderungen wie die Finanz- und Wirtschaftskrise oder die Niedrigzinsphase von den Versicherungskonzernen vergleichsweise gut gemeistert werden. Die sich nun beschleunigende Digitalisie-rung der Märkte scheint in den Vorstandsetagen der Assekuranz jedoch eine Ratlosigkeit hervorzurufen, erfordert sie doch eine tiefgreifende…

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Deutsch / 28/02/2017

The centralization-decentralization issue

The make-up of the EU institutions, and their evolution, should explicitly be based on widely accepted federalism principles. This paper applies federalism principles to a few crucial questions, mainly fiscal policy, fiscal discipline and structural reforms, using where possible lessons from existing federations. After introducing the topic, Section 2 briefly reviews the key message…

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/ 24/02/2017

Les entreprises familiales suisses; une enquête sur la dyade père-fille

Le choix de successeur est une étape décisive qui influencera le potentiel d'expansion de l'affaire familiale. Le présent article a pour objet de comprendre et identifier les critères du choix du successeur-fille dans les entreprises familiales suisses. Ainsi, une exploration de la littérature interdisciplinaire sera indispensable, visant à dégager les qualités les plus…

Institution partenaire

Haute Ecole de Gestion de Genève

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Français / 24/02/2017

Minimum wages and firm employment: evidence from China

This paper studies how minimum wage policies affect firm employment in China using a unique county level minimum wage data set matched to disaggregated firm survey data. We investigate both the effect of imposing a minimum wage, and the effect of the policies that tightened enforcement in 2004. We find that the average effect of minimum wage changes is modest and positive, and that…

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English / 24/02/2017

On the roles of different foreign currencies in European bank lending

We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially households. It is sensitive to the interest rate differential, exchange rate developments,…

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English / 24/02/2017

Entwicklung und Segmente des Schweizer Intralogistikmarktes

Der Schweizer Markt für Intralogistiklösungen umfasst das wertmässige Volumen der in der Eidgenossenschaft nachgefragten und angebotenen Investitionsprodukte der Intralogistik. Im Jahr 2015 beläuft sich dieses auf rund 2,82 Mrd. CHF und ist somit im Vergleich zum Vorjahr um 2,7 % gesunken. Im Folgenden werden – neben weiteren Hintergründen zur Marktentwicklung – die einzelnen…

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Deutsch / 24/02/2017

The role of education in preventing and combating youth unemployment

Youth unemployment and disengagement from both education and work are negatively associated with levels of completed education and skill proficiency. Recent research highlights the importance of focusing on the quality of education and improving actual learning outcomes for all. Empirical findings show the central importance of preventive strategies targeted towards disadvantaged…

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/ 23/02/2017

Toni Beutler, Robert Bichsel, Adrian Bruhin and Jayson Danton: The Impact of Interest Rate Risk on Bank Lending

In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in a bank's economic capital caused by movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of Swiss banks and provides us with an individual measure of interest rate risk…

Institution partenaire

Banque nationale suisse

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English / 22/02/2017

Raphael A. Auer, Andrei A. Levchenko and Philip Sauré: International Inflation Spillovers Through Input Linkages

We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output linkages, we recover the underlying cost shocks that are propagated internationally via…

Institution partenaire

Banque nationale suisse

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English / 22/02/2017

Toni Beutler, Robert Bichsel, Adrian Bruhin and Jayson Danton: The Impact of Interest Rate Risk on Bank Lending

In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in a bank's economic capital caused by movements in interest rates - to bank lending. We exploit a unique panel data set that contains supervisory information on the repricing maturity profiles of Swiss banks and provides us with an individual measure of interest rate risk…

Institution partenaire

Banque nationale suisse

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English / 22/02/2017

Raphael A. Auer, Andrei A. Levchenko and Philip Sauré: International Inflation Spillovers Through Input Linkages

We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output linkages, we recover the underlying cost shocks that are propagated internationally via…

Institution partenaire

Banque nationale suisse

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English / 22/02/2017

Kritik des parasitären Steuerwettbewerbs

Kommentar zum Beitrag von Michael Graff: "Steueroasen gegen den Rest der Welt" auf Ökonomenstimme, 16. Feb. 2017

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Deutsch / 22/02/2017

Global value chains in low and middle income countries

Global Value Chains (GVCs) can provide new means for developing economies to industrialise. To fully seize these opportunities, it is necessary to comprehensively measure both the intensity and type of countries' GVC integration patterns to better understand the relationship between GVCs and development. In this paper, we apply the new R package decompr to recent OECD input-output…

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/ 21/02/2017

Towards an Integrated Database of International Economic Law (IDIEL) disputes for text-as-data analysis

This paper introduces an infrastructure for the analysis of legal metadata and textual data on international investment and trade disputes. The developed database architecture consists of three main components: (1) a WebCrawler of two key web sites for international economic law dispute information; (2) a document analyzer to transform PDFs into text files, identifying structure and…

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/ 21/02/2017

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