The Experts below are selected from a list of 102 Experts worldwide ranked by ideXlab platform
Michael D. Bordo - One of the best experts on this subject based on the ideXlab platform.
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the gold standard as a good housekeeping seal of approval
The Journal of Economic History, 1996Co-Authors: Michael D. Bordo, Hugh RockoffAbstract:In this paper we argue that adherence to the gold standard rule of convertibility of national currencies into a fixed weight of gold served as a `good housekeeping seal of approval' which facilitated access by Peripheral countries to foreign capital from the core countries of western Europe. We survey the historical background of gold standard adherence in the period 1870-1914 by nine important Peripheral countries. The sample includes the full range of commitment to the gold standard from continuous adherence, through intermittent adherence, to non-adherence. Evidence on the pattern of long-term government bond yields suggests that long-term commitment to the gold standard mattered even when bonds were denominated in gold: countries that remained on gold throughout the classical era were charged lower rates than countries that had a mixed record of adherence. Estimation of a model analogous to the CAPM, using the differential between Peripheral Country rates and UK rates augmented by a list of `fundamentals' and a dummy variable to capture gold standard adherence, reveals that capital markets attached significant weight to gold standard adherence. Countries with poor adherence records were charged considerably more than those with good records, enough to explain the determined effort to stay on gold made by a number of capital importing countries.
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The Gold Standard as a `Good Housekeeping Seal of Approval'
National Bureau of Economic Research, 1995Co-Authors: Michael D. BordoAbstract:In this paper we argue that adherence to the gold standard rule of convertibility of national currencies into a fixed weight of gold served as a `good housekeeping seal of approval' which facilitated access by Peripheral countries to foreign capital from the core countries of western Europe. We survey the historical background of gold standard adherence in the period 1870-1914 by nine important Peripheral countries. The sample includes the full range of commitment to the gold standard from continuous adherence, through intermittent adherence, to non-adherence. Evidence on the pattern of long-term government bond yields suggests that long-term commitment to the gold standard mattered even when bonds were denominated in gold: countries that remained on gold throughout the classical era were charged lower rates than countries that had a mixed record of adherence. Estimation of a model analogous to the CAPM, using the differential between Peripheral Country rates and UK rates augmented by a list of `fundamentals' and a dummy variable to capture gold standard adherence, reveals that capital markets attached significant weight to gold standard adherence. Countries with poor adherence records were charged considerably more than those with good records, enough to explain the determined effort to stay on gold made by a number of capital importing countries.
Athanasios Hadjimanolis - One of the best experts on this subject based on the ideXlab platform.
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Perceptions of the institutional environment and entrepreneurial intentions in a small Peripheral Country
International Journal of Entrepreneurship and Small Business, 2016Co-Authors: Athanasios HadjimanolisAbstract:The paper investigates the intentions of people in a Peripheral small Country (Cyprus) to start a new business in relation to their perceptions of the various dimensions of the institutional environment in their Country (normative, cognitive, and regulatory) and the extent of its favourability for an entrepreneurial start-up. It has used the well-known instrument of Busenitz et al. (2000) to measure the Cyprus entrepreneurial institutional profile as perceived by potential entrepreneurs and a suitable scale for their entrepreneurial intentions. It also considers socio-demographic factors, entrepreneurial family experience and self-efficacy for an entrepreneurial career. It was found that entrepreneurial self-efficacy and entrepreneurial family background are positively associated with entrepreneurial intention. Regarding the institutional environment, only its cognitive dimension is significantly associated with the entrepreneurial intention. The association contrary to expectations is negative.
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a case study of sme university research collaboration in the context of a small Peripheral Country cyprus
International Journal of Innovation Management, 2006Co-Authors: Athanasios HadjimanolisAbstract:The issue of the cooperation of private industrial firms with universities and the relevant transfer of knowledge is discussed here with special reference to the problems and opportunities that small and medium size enterprises face in such cases. A typology of barriers and facilitators within a broad network framework provides a structural approach to the description of these problems and opportunities. The longitudinal investigation of a case study enables an in-depth consideration of the evolution of barriers and facilitators of collaboration over time. The case indicates a fluid pattern of knowledge generation, transmission and absorption, which is then compared to (and contrasted with) the findings of the existing literature.
Hugh Rockoff - One of the best experts on this subject based on the ideXlab platform.
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the gold standard as a good housekeeping seal of approval
The Journal of Economic History, 1996Co-Authors: Michael D. Bordo, Hugh RockoffAbstract:In this paper we argue that adherence to the gold standard rule of convertibility of national currencies into a fixed weight of gold served as a `good housekeeping seal of approval' which facilitated access by Peripheral countries to foreign capital from the core countries of western Europe. We survey the historical background of gold standard adherence in the period 1870-1914 by nine important Peripheral countries. The sample includes the full range of commitment to the gold standard from continuous adherence, through intermittent adherence, to non-adherence. Evidence on the pattern of long-term government bond yields suggests that long-term commitment to the gold standard mattered even when bonds were denominated in gold: countries that remained on gold throughout the classical era were charged lower rates than countries that had a mixed record of adherence. Estimation of a model analogous to the CAPM, using the differential between Peripheral Country rates and UK rates augmented by a list of `fundamentals' and a dummy variable to capture gold standard adherence, reveals that capital markets attached significant weight to gold standard adherence. Countries with poor adherence records were charged considerably more than those with good records, enough to explain the determined effort to stay on gold made by a number of capital importing countries.
José Luis Roig - One of the best experts on this subject based on the ideXlab platform.
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how market access shapes human capital accumulation in a Peripheral Country the case of spain
Applied Economics, 2015Co-Authors: Anna Matas, Joseluis Raymond, José Luis RoigAbstract:Human capital endowment is one of the main factors influencing the level of development of a region. This article analyses whether remoteness from economic activity has a negative effect on human capital accumulation and, consequently, on economic development. Making use of microdata, this research proves that remoteness from economic activity can explain the differences in the level of education observed across Spanish provinces over the last 50 years. The effect is significant even when controlling for the improvement of education supply. Nonetheless, the accessibility effect has been petering out since the 1960s due to decreasing barriers to mobility.
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How Market Access Shapes Human Capital Investment in a Peripheral Country
SSRN Electronic Journal, 2013Co-Authors: Anna Matas, Josep Lluís Raymond, José Luis RoigAbstract:Human capital endowment is one of the main factors influencing the level of development of a region. This paper analyses whether remoteness from economic activity has a negative effect on human capital accumulation and, consequently, on economic development. Making use of microdata this research proves that remoteness from economic activity has contributed to explain the divergences in the level of education observed across Spanish provinces over the last 50 years. The effect is significant even when controlling for the improvement of education supply. Nonetheless, the accessibility effect has been petering out since the 1960s due to the decreasing barriers to mobility.
Manuel Castelo Branco - One of the best experts on this subject based on the ideXlab platform.
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Corporate social responsibility practices and motivations in a Peripheral Country: two Portuguese illustrative cases
Corporate Governance, 2014Co-Authors: João F. Proença, Manuel Castelo BrancoAbstract:Purpose – The purpose of the paper is to provide an illustrative picture of how large corporations in a Peripheral Country such as Portugal engage in corporate social responsibility (CSR) practices and discuss the motivations underlying these practices. Design/methodology/approach – In this study, a case study methodology was used to explore CSR practices and the underlying motivations in two Portuguese companies. Findings – The results obtained suggest that some specificity may be present in the way of defining corporate responsibility for society by Portuguese companies. The Portuguese companies analysed seem to display an historical preference for corporate paternalism. This suggests that moral reasons can motivate firms (and individuals within them) to engage in social responsibility activities. Research limitations/implications – This work focuses on two specific case studies, but other cases might find diverse findings. Originality/value – It adds to the scarce research on CSR by Portuguese companie...
