Showing 1 - 10 of 38
presents the case of leisure harbours and designs an initial model of their governance issues. An empirical analysis of a …
Persistent link: https://www.econbiz.de/10008794093
This article analyzes some of the issues raised by institutionalized public-private partnerships in an economic perspective. We demonstrate that although they may address some of the main limits of purely contractual public-private partnerships, such as the issues of control, know-how transfer,...
Persistent link: https://www.econbiz.de/10010930091
Prior to the 2008 financial crisis, the economic model of PPPs benefited from a very favorable environment in terms of credit availability and cost. The high level of liquidity in financial markets allowed rising abundant and not expensive external resources, because of both the low level of...
Persistent link: https://www.econbiz.de/10010541078
This article adopts the asymmetric DCC with one exogenous variable (ADCCX) model developed by Vargas (2008), by updating the concept of 'volatility surprise' to capture cross-market relationships. Current methods for measuring spillovers do not focus on volatility interactions, and neglect...
Persistent link: https://www.econbiz.de/10010821166
As most Exchange-Traded Funds (ETFs) engage in securities lending or are based on total return swaps, they expose their investors to counterparty risk. To mitigate the funds' exposure, their counterparties must pledge collateral. In this paper, we present a framework to study collateral risk and...
Persistent link: https://www.econbiz.de/10010899467
We explore the consequences of bad governance and corruption for public debt and welfare in a model of policymaking …
Persistent link: https://www.econbiz.de/10009278335
Security governance has changed the way societies organise and control the execution of powers. This contribution will … in a wider context; they are embedded in a growing structure of security governance, which has evolved into a Global … Militant Security Governance. This formally non-hierarchical network structure poses a threat to the rule of law …
Persistent link: https://www.econbiz.de/10008694985
La question du champ couvert par la gouvernance d'entreprise n'est pas définitivement tranchée pas plus que ne l'est celle de la limite entre gouvernance et leadership. La question se pose donc bien de savoir ce que l'on entend par gouvernance aujourd'hui. Serait-elle à opposer à cet autre...
Persistent link: https://www.econbiz.de/10010750541
This article discusses the World Bank's formal rules of governance. It states that theoretically, each of the World … and their attached conditions. In the second place, four features of the World Bank's governance which protect and re … rules of governance give the G10 the voting weight at all three levels of decision making but several governing features …
Persistent link: https://www.econbiz.de/10010750930
This paper deals with the issue of institutionalising a legal pacifistic international order. While Kant’s idea of perpetual peace serves as the point of departure, it is argued that in order to find a proper institutional arrangement one would have to look beyond the two notions found in...
Persistent link: https://www.econbiz.de/10005040502