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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

Creating markets for ecosystem services

Murtough, Greg; Aretino, Barbara; Matysek, Anna - EconWPA - 2002

Ecosystem services are the functions performed by ecosystems that lead to desirable environmental outcomes, such as air and water purification, drought and flood mitigation, and climate stabilisation. Markets rarely exist for them. This study examines how newly defined property rights have been...

Persistent link: https://www.econbiz.de/10005407849

Modelling Possible Impacts of GM Crops on Australian Trade

Stone, Susan; Matysek, Anna; Dolling, Andrew - EconWPA - 2003

This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and regulatory costs for Australia and its major trading...

Persistent link: https://www.econbiz.de/10005407855