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Using high-frequency transaction data for the three largest European markets (France, Germany and Italy), this paper documents the existence of an asymmetric relationship between market liquidity and trading imbalances: when quoted spreads rise (fall) and liquidity falls (increases) buy (sell)...
Persistent link: https://www.econbiz.de/10008742946
Whether Europe will be able to stand up to its internal and external challenges crucially depends on its ability to … Europe needs skilled migrants, and skill mismatch is to be expected. A review of current immigration policies shows that … despite a number of positive recent developments Europe lacks a consistent strategy to address this challenge effectively …
Persistent link: https://www.econbiz.de/10008794540
The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on gas imports make this issue particular striking for...
Persistent link: https://www.econbiz.de/10010896171
supply, GASMOD, which is structured as a two-stagegame of successive natural gas exports to Europe (upstream market) and … wholesale trade within Europe (downstream market), and which explicitly includes infrastructure capacities. We compare three …
Persistent link: https://www.econbiz.de/10004963631
modest changes in the overall supply situation of natural gas to Europe, indicating that current worries about energy supply … is successfully converting from being a natural gas exporter to become a transit node for LNG towards continental Europe …
Persistent link: https://www.econbiz.de/10004963802
, Belgium and France as a generic example, and note that it can be applied to any general market splitting or coupling of Europe …
Persistent link: https://www.econbiz.de/10008568555
natural gas within Europe. We use the Global Gas Model (GGM), a large-scale mixed complementarity representation of the …
Persistent link: https://www.econbiz.de/10011266590
one of the most prominent determinants of entrepreneurship - education - and approximately three times larger than …
Persistent link: https://www.econbiz.de/10008869171
research and draw some conclusions for entrepreneurship policy. …
Persistent link: https://www.econbiz.de/10009021842
discuss the implications for entrepreneurship policy that can be derived from our findings. …
Persistent link: https://www.econbiz.de/10009021843