Showing 1 - 10 of 151
The development of cable and satellite television has not occurred as rapidly in the United Kingdom as initially anticipated. The paper examines cable and satellite policy in the context of the Peacock Report's proposals for broadcasting reform. The concept of a national telecommunications grid...
Persistent link: https://www.econbiz.de/10005666401
The regulation of commercial television and broadcasting in the United Kingdom has evolved from the principles of … public service broadcasting. Much of this regulation is paternalistic and does not place great emphasis on the most effective … regulation in the light of the recent recommendations of the Peacock Committee. In particular, the objectives of broadcasting are …
Persistent link: https://www.econbiz.de/10005666530
is therefore somewhat surprising to observe that Italy, in comparison to the United States, displays less inequality … around the idea that even if in Italy moving up on the social ladder is easier, the incentive to move may be lower, making …
Persistent link: https://www.econbiz.de/10005136455
We document and assess the role of small financial centers in the international financial system using a newly-assembled dataset. We present estimates of the foreign asset and liability positions for a number of the most important small financial centers, and place these into context by...
Persistent link: https://www.econbiz.de/10008468607
This paper studies the effects of prohibiting individuals from holding foreign assets, and of allowing firms to trade in foreign assets only up to what is needed to finance export and import activities. Although firms can perform arbitrage between domestic and foreign financial markets, this...
Persistent link: https://www.econbiz.de/10005504286
Oil exporters typically do not consider below-ground assets when allocating their sovereign wealth fund portfolios, and ignore above-ground assets when extracting oil. We present a unified framework for considering both. Subsoil oil should alter a fund’s portfolio through additional leverage...
Persistent link: https://www.econbiz.de/10011084308
We investigate the Hartwick rule for saving of a nation necessary to sustain a constant level of private consumption for a small open economy with an exhaustible stock of natural resources. The amount by which a country saves and invests less than the marginal resource rents equals the expected...
Persistent link: https://www.econbiz.de/10005662316
A windfall of foreign aid or natural resource revenue faces government with choices of how to manage public borrowing, public asset accumulation, and the distribution of funds to households (across time and household types), particularly when the windfall is both anticipated and temporary. These...
Persistent link: https://www.econbiz.de/10005656389
We propose that an active takeover market provides incentives by offering acquisition opportunities to successful … performance-based pay are non-monotonic in the intensity of the takeover threat. In firms with weak boards, turnover (performance …-based pay) increases (decreases) with the intensity of the takeover threat. When choosing its acquisition policy and the quality …
Persistent link: https://www.econbiz.de/10011083799
We look at the role of the financial sector in the context of the relatively backward regions of Southern Italy (the so … considerably riskier than those elsewhere in Italy. It also indicates, however, that risk accounts for only half of the 200 basis … and argue that Southern banks tend to perform their screening function less efficiently than banks in the rest of Italy …
Persistent link: https://www.econbiz.de/10005123529