WorldCat Identities

Buch, Claudia M.

Works: 248 works in 692 publications in 2 languages and 3,456 library holdings
Genres: Case studies  History 
Roles: Creator
Classifications: HG3881, 337.1
Publication Timeline
Publications about  Claudia M Buch Publications about Claudia M Buch
Publications by  Claudia M Buch Publications by Claudia M Buch
Most widely held works by Claudia M Buch
Globalization of financial markets : causes of incomplete integration and consequences for economic policy by Claudia M Buch ( Book )
9 editions published between 2003 and 2011 in English and German and held by 208 WorldCat member libraries worldwide
Creating efficient banking systems : theory and evidence from Eastern Europe by Claudia M Buch ( Book )
10 editions published in 1996 in English and German and held by 186 WorldCat member libraries worldwide
Foreign capital and economic transformation : risks and benefits of free capital flows by Claudia M Buch ( Book )
6 editions published in 1999 in English and held by 153 WorldCat member libraries worldwide
Währungsreformen im Vergleich : monetäre Strategien in Russland, Weissrussland, Estland und der Ukraine ( Book )
4 editions published in 1995 in German and held by 87 WorldCat member libraries worldwide
Overcoming obstacles to successful reforms in economies in transition ( Book )
4 editions published in 1994 in English and held by 86 WorldCat member libraries worldwide
Great Moderation at the Firm Level? Unconditional vs. Conditional Output Volatility by Claudia M Buch ( )
8 editions published in 2008 in English and held by 56 WorldCat member libraries worldwide
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this "Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that covers 35 years (1971-2005) and about 1,500 firms per year. In contrast to earlier work using firm level data, we use the multifactor residual model proposed by Pesaran (2006) to isolate the idiosyncratic component of firms' real sales growth from macroeconomic developments. Our paper has three main findings. First, time trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility does not exhibit a downward trend. If anything idiosyncratic volatility has been on a slow trend rise. Third, we find evidence of a positive link between growth and volatility at the firm level
Die neue Ökonomie : Erscheinungsformen, Ursachen und Auswirkungen ; eine Heinz-Nixdorf-Studie by Henning Klodt ( Book )
1 edition published in 2003 in German and held by 54 WorldCat member libraries worldwide
Globalisierung der Finanzmärkte: freier Kapitalverkehr oder Tobin-Steuer? by Claudia M Buch ( Book )
5 editions published in 2001 in German and held by 53 WorldCat member libraries worldwide
Chilean type capital controls : a building block of the new international financial architecture? by Claudia M Buch ( Book )
6 editions published in 1999 in English and held by 50 WorldCat member libraries worldwide
The end of the Czech miracle? : currency crisis reveals need for institutional reforms by Claudia M Buch ( Book )
7 editions published in 1997 in English and German and held by 48 WorldCat member libraries worldwide
Taxing short term capital flows : an option for transition economies? by Claudia M Buch ( Book )
5 editions published in 1998 in English and held by 47 WorldCat member libraries worldwide
Die Währungskrise, die in den letzten Monaten Asien erschütterte, zeigte einmal mehr, wie riskant es sein kann, aufstrebende Marktwirtschaften in den internationalen Markt mit einzubeziehen. Der vorliegende Diskussionsbeitrag befaßt sich mit der Frage, ob es sinnvoll wäre, den Kapitalzufluß in Transformationsländer durch Steuern zu regeln. Anhand von Grafiken und Tabellen werden die Entwicklung und der Verlauf von Finanzströmen verdeutlicht
Financial Constraints and the Margins of FDI ( Book )
9 editions published in 2009 in English and held by 47 WorldCat member libraries worldwide
Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their im-pact on the FDI decision (the extensive margin) and foreign affiliate sales (the intensive mar-gin). We provide empirical evidence based on a detailed dataset of German multinationals which contains information on parent-level and affiliate-level financial constraints as well as on the location the foreign affiliates. We find that financial factors constrain firms foreign investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter for the extensive, but less so for the intensive margin. For the intensive margin, financial constraints at the affiliate level are relatively more important
Business cycles and FDI : evidence from German sectoral data by Claudia M Buch ( Book )
6 editions published in 2005 in English and held by 43 WorldCat member libraries worldwide
Globalization has affected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign activities are affected by business cycle developments. We aggregate the data by the sector of the reporting firm, the sector of the foreign affiliate, and the host country. Data are annual and cover the period 1989- 2002. We find that German outward FDI increases in response to positive cyclical developments abroad and in response to a depreciation of the domestic currency
Changing Forces of Gravity: How the Crisis Affected International Banking by Claudia M Buch ( )
7 editions published between 2013 and 2014 in English and held by 40 WorldCat member libraries worldwide
The global financial crisis has brought a rather unprecedented period of expansion of banks' international financial assets and liabilities to an end. In response to the crisis, banks have decreased their international activities as, due to regulatory restrictions, they had to shrink their balance sheets. While total international assets of German banks grew, on average, by 8% per year between 2002 and 2007, international assets dropped by almost 20% in 2008 alone. These adjustments have taken place due to changing risk perceptions, changing regulations, and changes in the sensitivity towards financial frictions. The key question is whether this withdrawal of banks from foreign markets will be short-lived or whether it marks the beginning of a sustained period of financial disintegration, as was observed after the Great Depression. In this paper, we study bank internationalization before and during the crisis from a bank-level perspective. Our data give detailed information on the internationalization of German banks. The 'External Position Reports' provided by the Deutsche Bundesbank contain very detailed information on the international assets of German banks and their foreign affiliates. We use this information on a yearly and country-by-country basis. Our sample starts in December 2002, when minimum reporting thresholds were abolished, and ends in December 2011. We investigate the determinants of the stocks of banks' assets at the end of each year. Stylized facts show that the decline in international banking in response to the crisis is most pronounced in terms of the volume of international activities (the intensive margin), but we also find a decline in the number of foreign subsidiaries (the extensive margin). However, this decline started well before the crisis and has hardly accelerated since then. Our results from running so called gravity equations suggest the following interpretation of these trends and their persistence: First, banks with market-based funding models have higher international assets
Does trade openness increase firm-level volatility? by Claudia M Buch ( Book )
5 editions published in 2006 in English and held by 38 WorldCat member libraries worldwide
From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the reaction of firms to macroeconomic shocks. The net effect is ambiguous, though. This paper provides firm-level evidence on the link between openness and volatility. Using two novel datasets on German firms, we analyze the evolution of firm-level output volatility and the link between volatility and trade openness. We find that firm-level output volatility displays patterns similar to those found in aggregated data for Germany. Also, smaller firms and firms that grow faster are more volatile. Increased trade openness tends to lower volatility
Volatile multinationals? Evidence from the labor demand of German firms by Claudia M Buch ( )
4 editions published in 2007 in English and held by 36 WorldCat member libraries worldwide
Does more FDI make the world a riskier place for workers?. We analyze whether an increase in multinational firms' activities is associated with an increase in firm-level employment volatility. We use a firm-level dataset for Germany which allows us to distinguish between purely domestic firms, domestic multinationals, their foreign affiliates, and foreign firms that are active in Germany. We decompose the volatility of firms into their reaction and their exposure to aggregate developments. Generally, we find no above-average wage and output elasticities for multinational firms
Russlands Aufschwung in Gefahr ( Book )
1 edition published in 2000 in German and held by 34 WorldCat member libraries worldwide
Cross-border diversification in bank asset portfolios by Claudia M Buch ( Book )
14 editions published between 2004 and 2005 in English and held by 34 WorldCat member libraries worldwide
Taking the mean-variance portfolio model as a benchmark, we compute the optimally diversified portfolio for banks located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these optimal portfolios to the actual cross-border assets of banks from 1995-1999 and try to explain the deviations. We find that banks over-invest domestically to a considerable extent and that cross-border diversification entails considerable gain. Banks underweight countries which are culturally less similar or have capital controls in place. Capital controls have a strong impact on the degree of underinvestment whereas less political risk increases the degree of over-investment
The determinants of international bank expansion by Adrian E Tschoegl ( Book )
3 editions published in 2000 in English and held by 34 WorldCat member libraries worldwide
Short-term capital, economic transformation, and EU accession by Claudia M Buch ( Book )
3 editions published in 2002 in English and held by 34 WorldCat member libraries worldwide
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Audience Level
  Kids General Special  
Audience level: 0.64 (from 0.35 for Volatile m ... to 0.94 for The determ ...)
Alternative Names
Buch, C. 1966-
Buch, C. M. 1966-
Buch, Claudia 1966-
Buch, Claudia-Maria 1966-
Buch, Klaudija M. 1966-
English (101)
German (16)