We investigate whether financial markets reacted to the regulatory changes implied by the publication of the list of systemically important financial institutions (SIFI) and the new rules designed to address the too-big-to-fail problem of systemic banks. By applying event study methodology to a...

A new regulatory regime applying to Electricity Lines Businesses (ELBs) will come into force on 1 April 2009. These reforms are set out in the Commerce Amendment Bill 2008 which passed its Third Reading on 5 September 2008. Although many commentators have welcomed the Bill it may well prove to...

This paper attempts to assess the discriminatory impact that the Trans-Pacific Partnership (TPP) agreement could have on the EU economy. It gives robust evidence that the discriminatory impact will be dramatic if the TPP is successful in reducing or abolishing “behind the border” barriers...

Purpose – Regulatory and institutional changes, restructuring and/or privatization of the erstwhile vertically integrated electricity networks have been adopted by all Sub‐Saharan African (SSA) countries in their pursuit of rural and urban electrification, poverty reduction and economic...

This article addresses the interconnections between two seemingly disparate worlds—the world of abstract economic analysis and the world of policy and politics, drawing on the author’s personal experience in the two worlds. A fundamental premise underlying the analysis is that it...

The New Growth Strategy aims to create demand and jobs through regulatory reform and fiscal measures. The Strategy focuses on key challenges, notably climate change and population ageing, which can be turned into sources of growth. Given Japan’s precarious fiscal position, it is essential to...