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It goes without saying that maintaining connections with remote, secluded areas constitutes a valid reason for public authorities’ involvement. Such intervention is necessary due to fact, that small local communities would usually be unable to generate enough demand to commercially justify...
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We discuss the prospects for Chinese money market development and transition to market-based monetary policy operations based on a comparative historical analysis of the present Chinese situation and the development in 11 European countries from 1979 up to the launch of European Economic and...
Persistent link: https://www.econbiz.de/10012776151
indicators allow for a comprehensive mapping of policies affecting competition in product markets. Comparison with European Union … restrictive of competition than most direct comparators in the region, whereas for other indicators Romania is on a par with the …. Future reforms should be directed both at improving official regulation and, where policies that favor competition are …
Persistent link: https://www.econbiz.de/10012973786
indicators allow for a comprehensive mapping of policies affecting competition in product markets. Comparison with European Union … restrictive of competition than most direct comparators in the region, whereas for other indicators Romania is on a par with the …. Future reforms should be directed both at improving official regulation and, where policies that favor competition are …
Persistent link: https://www.econbiz.de/10012560806
, or deregulation in product markets. We show that monetary discipline can be a ‘substitute’ both for better (i.e. less … distortionary) fiscal policies and for deregulation in product markets …
Persistent link: https://www.econbiz.de/10014141685
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We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We distinguish between direct and indirect effects. Direct effects...
Persistent link: https://www.econbiz.de/10012150125
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