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Macroeconomic evolution after a shock: the role for financial intermediation

Vinogradov, Dmitri - EconWPA - 2003

An overlapping generations model with two production factors and two types of agents is considered in presence of …nancial intermediation. The research focuses at the analysis of the consequences of a suddain negative production shock on a …nancial intermediation capacities and consequently...

Persistent link: https://www.econbiz.de/10005126268

Growth in the “New Economy”: U.S. Bandwidth Use and Pricing Across the 1990s

Galbi, Douglas A. - EconWPA - 2003

An acceleration in the growth of communications bandwidth in use and a rapid reduction in bandwidth prices have not accompanied the U.S. economy’s strong performance in the second half of the 1990s. Overall U.S. bandwidth in use has grown robustly throughout the 1990s, but growth has not...

Persistent link: https://www.econbiz.de/10005126336

Another Look at Option Listing Effects

Mayhew, Stewart; Mihov, Vassil - EconWPA - 2000

Previous research has documented that the introduction of options seems to affect the volatility, liquidity, price and other characteristics of the underlying stock. Existing research, however, has not adequately accounted for the fact that option listing is endogenous, a result of decisions...

Persistent link: https://www.econbiz.de/10005134669

Bank exit legislation in US, EU and Japanese financial centres

Granlund, Peik - EconWPA - 2004

This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation is analysed from the perspective of bank...

Persistent link: https://www.econbiz.de/10005134685

Banks versus Markets in Processing the Payments Shock

Vinogradov, Dmitri - EconWPA - 2005

consequences of the shock over several periods, if proper regulation and interventions are used, otherwise the banking system can …

Persistent link: https://www.econbiz.de/10005134734

Economic evaluation of bank exit regimes in US, EU and Japanese financial centres

Granlund, Peik - EconWPA - 2004

This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit regimes are studied from the perspective of bank creditors...

Persistent link: https://www.econbiz.de/10005134896

SIZE AND HETEROGENEITY MATTER. A MICROSTRUCTURE-BASED ANALYSIS OF REGULATION OF SECONDARY MARKETS FOR GOVERNMENT BONDS.

Martinez-Resano, J. Ramon - EconWPA - 2005

analyzed from this perspective. Government bond regulation is argued to necessarily depart from ordinary approaches also … discusses repo and short-selling regulation in government bond markets. The atypical market structure and the multi- agency … competition, integrative infrastructure and basic systemic protections as over-arching principles for regulation is consistent …

Persistent link: https://www.econbiz.de/10005134902

Privatization, Corporate Control and Regulatory Reform: The case of Telefonica

Bel, Germa; Trillas, Francesc - EconWPA - 2004

-level regulation will likely make any type of collusion or capture more difficult in the future. …

Persistent link: https://www.econbiz.de/10005413213

Regulación del Sector Seguros: Un Enfoque de Competencia para la Ley de Empresas de Seguros y Reaseguros en Venezuela

Porras, Author Enrique R. González - EconWPA - 2003

Este trabajo expone la necesidad de incorporar a la regulación del sector seguros la posibilidad de apoyos interinstitucionales con el ente antitrust. Se plantea que este fortalecimiento interinstitucional evita los conflictos de naturalezas o filosofías regulatorias contrapuestas. Finalmente...

Persistent link: https://www.econbiz.de/10005561585