Christian Keuschnigg
Title
Prof. em. Dr.
Last Name
Keuschnigg
First name
Christian
Email
christian.keuschnigg@unisg.ch
172 results
Now showing 1 - 10 of 172
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Item type:Publication, Trade and Credit Reallocation: How Banks Help Shape Comparative AdvantageType:journal articleJournal:Review of International EconomicsIssue:30(1)Scopus© Citations 4 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Heterogeneous Tax Sensitivity of Firm-level InvestmentsType:journal articleJournal:Journal of Economic Behavior and OrganizationIssue:176 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Wie viel Verschuldung verträgt die Schweiz?(2020-09)Type:journal articleJournal:Die Volkswirtschaft - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Schumpeterian Role of Banks: Credit Reallocation and Capital StructureCapital reallocation across firms is a key source of productivity gains. This paper studies the ‘Schumpeterian role’ of banks: They liquidate loans to firms with poor prospects and reallocate the proceeds to more successful, expanding firms. To absorb liquidation losses without violating regulatory requirements, banks need to raise costly equity buffers ex ante. To economize on these buffers, they tend to reallocate too little credit and continue lending to weak firms. Tight capital standards, differentiated risk weights and low costs of bank equity facilitate reallocation. If agency costs of outside equity financing are not too high, their ability to reallocate credit renders banks more efficient than direct finance.Type:journal articleJournal:European Economic ReviewIssue:121Scopus© Citations 8 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Arbeitsmarktreformen in Europa: Vorbeugen oder Reparieren?(2018); Andersen, Torben M.Type:journal articleJournal:Wirtschaftspolitische Blätter - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Access to Credit and Comparative AdvantageAccess to external funds is crucial for the entry and expansion of entrepreneurial firms and the sectors they predominantly arise in. This paper reports three important results. First, comparative advantage is shaped by factor endowments as well as fundamental determinants of corporate finance. In particular, a larger equity ratio of firms and tough governance standards relax financing constraints, lead to entry of firms at the lower bound of the productivity distribution, and create an endogenous comparative advantage in sectors where entrepreneurial firms are clustered. Second, a small degree of protection in the constrained sector can raise a country’s welfare by relaxing financing constraints if terms-of-trade effects are small. Third, a small degree of protection of the financially dependent industry in a financially underdeveloped country might even raise world welfare.Type:journal articleJournal:The Canadian journal of economicsVolume:50Issue:2Scopus© Citations 9 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Introduction on Trans-Atlantic Public Economics Seminar: Personal Income Taxation and Household BehaviorType:journal articleJournal:Journal of Public EconomicsIssue:151 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Dezentralisierung und lokale Finanzautonomie(Böhlau Verlag, 2017); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Ein gesunder Finanzplatz dient Innovation und Wirtschaftswachstum(2017-03-23)Type:journal articleJournal:Die Volkswirtschaft - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Welche Europäische Einlagensicherung?(2017); Type:journal articleJournal:Wirtschaftspolitische Blätter