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In this chapter I argue that as a response to the introduction of capital requirements in the form of risk weights … that the new optimum has a lower risk. The effect of the regulation depends on several things, most importantly the … correlation between individual investments, investor preferences and the relative size of risk weights. …
Persistent link: https://www.econbiz.de/10005789350
crisis, surveying some reputational game models. CRAs have been blamed of inflating ratings of the new credit risk transfer … the ratings’ industry and the inadequacy of the credit risk models used by CRAs to evaluate CRTs. Some policy initiatives …
Persistent link: https://www.econbiz.de/10011260075
crisis, surveying some reputational game models. CRAs have been blamed of inflating ratings of the new credit risk transfer … ratings’ industry and the inadequacy of the credit risk models used by CRAs to evaluate CRTs. Some policy initiatives are …
Persistent link: https://www.econbiz.de/10010675823
investment and innovation within the area of sector specific regulation in telecoms. The encouragement of efficient investment is … for the emergence of various regulatory concepts of stimulating investment and facility-based competition. Considered here … of investment theory, sunset clauses and dynamic pricing policies. However, most of these concepts had little influence …
Persistent link: https://www.econbiz.de/10008599140
The aim of the paper is to critically describe the behaviour of the main Italian transport infrastructural agents (national roads and rails, highway, airports concessions) in the field of infrastructure financing. All the actors are trying to avoid the effects of regulation and, at the same...
Persistent link: https://www.econbiz.de/10005837122
The paper discusses the present regulatory framework in Italy concerning transport infrastructures financing and provides some policy indications. The Italian situation is characterised by non homogeneity among the transport modes and insufficient, or even perverse, incentives to efficiency....
Persistent link: https://www.econbiz.de/10005837154
Cycle, Pricing and Hedging Discount Factors and No Arbitrage Investment: Rule Bases, Alpha, Beta, View and Trade, Fund …, Green Banking, Demographic Risk Financial Crisis: Overview Leverage, Systemic Risk, Securitization, Pricing …
Persistent link: https://www.econbiz.de/10011109326
estimate the level of e-communications investment in the EU and to examine its main drivers as part of a contributio to the … provides a description of the process of collecting data on investment in physical infrastructure in the e …-communciations sector by country and by sub-sector. It also presents the collected data, showing a decline in overall investment between …
Persistent link: https://www.econbiz.de/10005789277
The paper presents the structure and the concepts at the basis of a database on world transport infrastructure regulation, to be launched. The database will be built promoting a “soft” survey on the world regulatory practices, to be filled by scholars and experts on a voluntary basis. The...
Persistent link: https://www.econbiz.de/10008855808
these Accords, namely the management of risk, that more work is still required particularly in relation to hedge funds and …
Persistent link: https://www.econbiz.de/10011260315