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Blood, Sweat, Tears: Rise and Decline of the East German Economy, 1949 – 1988

Ulrich Blum, Leonard Dudley
Zeitschrift für Nationalökonomie und Statistik – Journal of Economics and Statistics, 2000
Abstract
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Relationship Lending within a Bank-Based System: Evidence from European Small Business Data

Hans Degryse, Patrick Van Cayseele
Journal of Financial Intermediation, No. 1, 2000
Abstract
We investigate relationship lending using detailed contract information from nearly 18,000 bank loans to small Belgian firms operating within the continental European bank-based system. Specifically, we investigate the impact of different measures of relationship strength on price and nonprice terms of the loan contract. We test for the possibility of rent shifting by banks. The evidence shows two opposing effects. On the one hand, the loan rate increases with the duration of a bank–firm relationship. On the other hand, the scope of a relationship, defined as the purchase of other information-sensitive products from a bank, decreases the loan's interest rate substantially. Relationship duration and scope thus have opposite effects on loan rates, with the latter being more important. We also find that the collateral requirement is decreasing in the duration of the relationship and increasing in its scope.
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The Total Cost of Trading Belgian Shares: Brussels versus London

Hans Degryse
Journal of Banking & Finance, No. 9, 1999
Abstract
Since 1990, London’s SEAQ International (SEAQ-I) has attracted considerable trading volume in Belgian equities. This paper investigates competition between the Brussels CATS market and London’s SEAQ-I. Toward this end, we gathered extensive limit order book data as well as transactions and quotation information. With regard to liquidity (indirect costs), measured by the quoted and effective bid–ask spread, the paper concludes that CATS outperforms SEAQ International for both measures. The effective spread is of course substantially smaller than the quoted spread, with the CATS effective spread showing a U-shaped form. This paper, unique in employing an extensive data set that includes all hidden orders and the whole limit order book, produces results in line with the different market microstructure models. Total trading costs on CATS are lower (higher) for small (large) trade sizes.
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The Two Germanies: Information Technology and Economic Divergence, 1949-1989

Ulrich Blum, Leonard Dudley
Journal of Institutional and Theoretical Economics JITE, 1999
Abstract
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Innovative Milieus als Extrempunkte der Interpenetration von Wirtschafts- und Wissenschaftssystem

Peter Franz
Jahrbuch für Regionalwissenschaft, 1999
Abstract
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Die Entwicklung der Unternehmensinvestitionen in Deutschland. Eine Erklärung mit Hilfe der Technik der saisonalen Kointegration

Hans-Ulrich Brautzsch, Christian Dreger
Jahrbücher für Nationalökonomie und Statistik, 1999
Abstract
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Transformation, Integration and Wage Convergence. A Comparison of East German and Central and East European Economic Problems

Hubert Gabrisch
MOST-MOCT, 1998
Abstract
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Rezension: Seger, Frank´s Banken, Erfolg und Finanzierung - Wiesbaden, Dt. Univ.-Verlag, 1997

Harald Lehmann
Jahrbücher für Nationalökonomie und Statistik, 1998
Abstract
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Fast Convergence: Institutions and Economic Growth in New East Germany

Ulrich Blum, Leonard Dudley
Jahrbuch für Wirtschaftswissenschaften, No. 2, 1998
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Advantages and Drawbacks of EU Membership – The Structural Dimension

Hubert Gabrisch, Klaus Werner
Comparative Economic Studies, 1998
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