International trade and the occupational mix in manufacturing: Evidence from german micro data

We use the Establishment History Panel from 1975 to 2010 provided by the German Federal Employment Office to examine the impact of international trade on the occupational structure of the German manufacturing sector. To capture trade, we match the Establishment History Panel with UN Comtrade trade data. To do so, we develop a new matching approach that takes the input and output structure of the German manufacturing sector into account. We identify three different trade channels: import intensity, import competition, and export intensity. Using a fixed-effects Poisson regression model, we find diverse occupational effects from trade at the industry-level, while establishment-level estimations show only few significant effects

Foreign ownership and the export and import propensities of developing-country firms

This paper uses micro-data from the World Bank Enterprise Surveys 2002-2006 to investigate how foreign ownership affects the likelihood of manufacturers in developing countries to export and/or import. Applying propensity score matching to control for differences across firms in terms of labor productivity and other characteristics, we find that foreign ownership is an economically important and statistically significant determinant of the likelihood that a firm will export and/or import. Foreign ownership raises the propensity to export by over 17 and the propensity to import by more than 13 percentage points. The effects are even bigger for the lowest-income countries

Cross-border bank flows, regional household credit booms and bank risk-taking

This paper provides novel micro-level evidence that cross-border bank flows are important for households’ access to credit not only in emerging markets but also in advanced economies. These foreign bank flows can drive local credit credit booms that increase bank risk. We study how the influx of cross-border bank funding that followed the ECB’s implementation of non-conventional monetary policy in 2014/15 impacted lending to households, using supervisory bank-level data alongside householdlevel credit and consumption data from Germany. Regional banks that are highly exposed to fluctuations in foreign capital inflows increase consumer lending to riskier, lower-income households by 50% more than other banks. When deposit inflows from non-euro area banks rise, this induces less capitalized banks to expand their lending on the extensive margin. Improved access to credit enables lower-income customers of exposed banks to increase non-durable consumer spending. Data from a larger group of euro area countries confirm our conclusions.publishedVersio

A time-adaptive finite element phase-field model suitable for rate-independent fracture mechanics

The modeling of cracks is an important topic - both in engineering as well as in mathematics. Since crack propagation is characterized by a free boundary value problem (the geometry of the crack is not known beforehand, but part of the solution), approximations of the underlying sharp-interface problem based on phase-field models are often considered. Focusing on a rate-independent setting, these models are defined by a unidirectional gradient-flow of an energy functional. Since this energy functional is non-convex, the evolution of the variables such as the displacement field and the phase-field variable might be discontinuous in time leading to so-called brutal crack growth. For this reason, solution concepts have to be carefully chosen in order to predict discontinuities that are physically reasonable. One such concept is that of Balanced Viscosity solutions (BV solutions). This concept predicts physically sound energy trajectories that do not jump across energy barriers. The paper deals with a time-adaptive finite element phase-field model for rate-independent fracture which converges to BV solutions. The model is motivated by constraining the pseudo-velocity of the crack tip. The resulting constrained minimization problem is solved by the augmented Lagrangian method. Numerical examples highlight the predictive capabilities of the model and furthermore show the efficiency and the robustness of the final algorithm

Ehemalige Mitarbeiter treffen sich in der SLUB

In diesem Jahr stand die Veranstaltung für die ehemaligen Mitarbeiter und Mitarbeiterinnen der SLUB unter dem Thema der Ausstellung im Buchmuseum „Die Kunst zu essen und zu genießen. Die Bibliotheca Gastronomica des Sammlers Walter Putz“, die noch bis 9. Februar 2008 zu sehen ist

Portfolio flows and household portfolios

In this paper, we show that cross-border portfolio flows around the peak of the European Crisis induced households to rebalance their portfolios toward housing. Estimating difference-in-differences regressions around Draghi’s “Whatever It Takes” speech in July 2012 with household data from the ECB’s Household Finance and Consumption Survey, we find that portfolio inflows induce households with larger ex-ante bond and equity shares to rebalance more strongly toward housing. The effect is not driven by higher pre-treatment access to credit or higher credit growth during the treatment period and is stronger for wealthier and less risk-averse households

AUSSTELLUNGEN

CHEMNITZ - Kostbarkeiten der Stadtbibliothek Chemnitz / DRESDEN - Mathematische Weltliteratur aus der SLUB / DRESDEN - Kinderwelt – heile Welt? : Die Kinderbuchillustratorin Gertrud Caspari (1873–1948) / DRESDNER AUSSTELLUNG - AB 20. MAI IN KARLSRUHE : Die Kunst zu essen und zu genießen / DRESDEN - Das Fotoarchiv Adam „Zwischen Schankwirtschaft und Ballsaal“ in der SLUB / LEIPZIG - Jöchers 60 000 – Ein Mann. Eine Mission. Ein Lexikon

A Snapshot from the European Educational Landscape

In this chapter, we present a snapshot of the European doctoral landscape based on the reflections of 40 doctoral students gathered from throughout the European Union for the ECREA Doctoral Summer School. One of this school’s main objectives is to ‘generate a wide picture of the international landscape of communication and media research’ (ECREA Young Scholars Network, 2007) while providing a platform for doctoral students to participate within their field, connect to diverse academic cultures, and receive critical feedback on their individual work

Influence of transnational economic alliances on the IFRS convergence decision in India - institutional perspectives

This study contributes to the literature on global governance by highlighting the importance of not losing sight of the nation state as an important player in the transnational governance arena. Specifically, literature on global (accounting) regulation devotes a great deal of attention to the roles of organisations and agencies with transnational remit (such as global standard setters, donor agencies) while often downplaying the significant impacts of the more traditional cross-country links forged through economic relationships and resource dependencies between national and transnational institutional fields. This was specially noted in the case of the indirect influences of the US’s decision to delay IFRS convergence. While being interpreted as an indirect source of influence, such a decision played a very significant role on the convergence negotiations in India. The study shows how the US influence was channelled through Japan with which India has significant trade and economic relations and, most importantly, holds a joint forum specifically to discuss convergence issues. The consequences of India’s links with countries such as US and Japan in the decision-making process provide a vivid indication of the important roles of cross-governmental relationships in the global governance arena, and also question the position of transnational organisations as pervasive powers in such governance. The study’s findings clearly demonstrate that the pursuit of full IFRS convergence strongly favoured by the transnational forces was invariably challenged in the Indian context by the influences of powerful nation states advocating a more cautious approach