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Buckley, Francis; Rasmusen, Eric - EconWPA - 1999

There is a secret paradox at the heart of social contract theories. Such theories assume that, because personal security and private property are at risk in a state of nature, subjects will agree to grant Leviathan a monopoly of violence. But what is to prevent Leviathan from turning on his...

Persistent link: https://www.econbiz.de/10005076588

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

Prevention and detection in bribery-affected public procurement

Abramo, Claudio Weber - EconWPA - 2003

In environments where regulations are lax and controls function badly, cleanly participating in tenders is irrational. An increase in one single firm’s propensity to bribe induces the same behaviour upon the others (“bad apple effect”), and the likelihood of firms to bribe tends to...

Persistent link: https://www.econbiz.de/10005408440

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

Cost recovery by Government agencies

Commission, Productivity - EconWPA - 2002

The Commonwealth Government asked the Productivity Commisison to review cost recovery arrangements across the Government's regulatory,administrative and information agencies,and to develop guidelines for the future application of cost recovery.

Persistent link: https://www.econbiz.de/10005556926

The Porter Hypothesis Revisited: A Literature Review of Theoretical Models and Empirical Tests

Wagner, Marcus - EconWPA - 2004

The debate on the relationship between environmental regulation and competitiveness has been a topic of discussion for … regulation (under the condition that it is efficient) can lead to win-win situations, in which social welfare as well as the … private net benefits of firms operating under such regulation can be increased. This paper analyses the Porter hypothesis with …

Persistent link: https://www.econbiz.de/10005556930