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have been undertaken by the Basel Committee to address information gaps in derivative markets (a source of huge losses to …
Persistent link: https://www.econbiz.de/10009025318
address information gaps in derivative markets (a source of huge losses to many major banks), the paper also explores how the …
Persistent link: https://www.econbiz.de/10009025321
realized. This forces us to consider practical and structural aspects (regulations, taxation, markets) as key drivers of … Industry, Portfolio Theory Swaps and Financial Markets: IRS, TRS, ALM, ISDA Retail Structured Products Real Estate Asset Class …
Persistent link: https://www.econbiz.de/10011109326
have been undertaken by the Basel Committee to address information gaps in derivative markets (a source of huge losses to …
Persistent link: https://www.econbiz.de/10011258446
informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …
Persistent link: https://www.econbiz.de/10011252548
In transposing EU Directive 73/2009/CE on natural gas infrastructures into Italy’s national legislation, the country opted for a Independent Transmission Operator (ITO) model instead of full ownership unbundling. ITO allows the essential facility to be controlled by a vertically integrated...
Persistent link: https://www.econbiz.de/10011259367
European business services has witnessed about two decades of virtual productivity stagnation. The paper investigates whether this is caused by weak dynamic market selection. The time pattern of scale-related inefficiencies is used as an indicator for the effectiveness of market selection. We...
Persistent link: https://www.econbiz.de/10011260340
set these prices do not take into account competition conditions of each market. In this paper we establish the effect of … a regulated mark-up price as well as competition on the incentives that gas stations in Mexico have to dispense less … regulated mark-up price reduces the incentives of gas stations to cheat. Similarly, more intense competition among the retailers …
Persistent link: https://www.econbiz.de/10009325563
limitation of possible distortions of competition which may arise when granting State aid. The recent Financial Crisis has also … attempts to highlight how far central banks and governments should intervene and how far distortions of competition should be …
Persistent link: https://www.econbiz.de/10008693548
In the early 2000s, the Republic of Turkey has initiated an ambitious reform program in the most important segments of her energy market; namely, electricity, natural gas, petroleum and liquefied petroleum gas industries, which requires privatization, liberalization as well as a radical...
Persistent link: https://www.econbiz.de/10008740582