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EU energy policy and regional co-operation in South-East Europe: managing energy security through diversification of supply?
Bozhilova, Diana - London School of Economics (LSE) - 2009
For decades after founding the ECSC (1951) the member states have relegated the issue of joint supranational energy …, European states gradually consolidated their position in favour of supranational energy policy development. This paper presents … an analysis of developments in EU energy policy given the ongoing realignment of strategic interest. It outlines the …
Persistent link: https://www.econbiz.de/10010884517
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A critical perspective on economy, modernity and temporality in contemporary Greece through the prism of energy practice
Knight, Daniel M. - London School of Economics (LSE) - 2014
During the Greek economic crisis a focus on energy practice highlights the temporal complexities of local coping … strategies. Re-launched in 2011, the European Union supported solar energy initiative encourages installation of futuristic, high …-modernity, and pre-Europeanization. Energy practice provides a prism through which to discuss increased social suffering and reassess …
Persistent link: https://www.econbiz.de/10010884697
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A Critical Perspective on Economy, Modernity and Temporality in Contemporary Greece through the Prism of Energy Practice
Knight, Daniel M.Knight - London School of Economics (LSE) - 2014
During the Greek economic crisis a focus on energy practice highlights the temporal complexities of local coping … strategies. Re-launched in 2011, the European Union supported solar energy initiative encourages installation of futuristic, high …-modernity, and pre-Europeanization. Energy practice provides a prism through which to discuss increased social suffering and reassess …
Persistent link: https://www.econbiz.de/10010735154
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EU Energy Policy and Regional Co-operation in South-East Europe: managing energy security through diversification of supply?
Bozhilova, Diana - London School of Economics (LSE) - 2009
For decades after founding the ECSC (1951) the member states have relegated the issue of joint supranational energy …, European states gradually consolidated their position in favour of supranational energy policy development. This paper presents … an analysis of developments in EU energy policy given the ongoing realignment of strategic interest. It outlines the …
Persistent link: https://www.econbiz.de/10004991165
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Estimation and testing of dynamic models with generalised hyperbolic innovations
Mencia, Javier F.; Sentana, Enrique - London School of Economics (LSE) - 2004
We analyse the Generalised Hyperbolic distribution as a model for fat tails and asymmetries in multivariate conditionally heteroskedastic dynamic regression models. We provide a standardised version of this distribution, obtain analytical expressions for the log-likelihood score, and explain how...
Persistent link: https://www.econbiz.de/10010884659
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Foreign bank entry: a liquidity based theory of entry and credit market segmentation
Schmidt, Nikolaj - London School of Economics (LSE) - 2008
This paper analyses how entry by an international bank into a developing economy affects the credit market equilibrium. It offers a novel explanation of how a foreign entrant overcomes asymmetric information problems, and complements extant hard vs. soft information based theories of credit...
Persistent link: https://www.econbiz.de/10010884672
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Convergence as distribution dynamics (with or without growth)
Quah, Danny - London School of Economics (LSE) - 1996
Convergence concerns the poor catching up with the rich|if not instan- taneously, then at least having a tendency to do so. When poor and rich here refer to entire economies, then whether convergence occurs is traditionally viewed as just a side consequence of a more central ques- tion, namely...
Persistent link: https://www.econbiz.de/10010928784
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Forecasting bankruptcy and physical default intensity
Zhou, Ping - London School of Economics (LSE) - 2007
This report presents two of our investigations: one is to obtain an accurate forecast for the corporate bankruptcy; the other is to obtain a physical default intensity. Both investigations were based on the hazard model, using only firm-specific accounting variables as predictors. Different...
Persistent link: https://www.econbiz.de/10010745130
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An institutional theory of momentum and reversal
Vayanos, Dimitri; Woolley, Paul - London School of Economics (LSE) - 2008
We propose a rational theory of momentum and reversal based on delegated portfolio management. A competitive investor can invest through an index fund or an active fund run by a manager with unknown ability. Following a negative cashflow shock to assets held by the active fund, the investor...
Persistent link: https://www.econbiz.de/10010745914
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Can rare events explain the equity premium puzzle?
Julliard, Christian; Ghosh, Anisha - London School of Economics (LSE) - 2008
Probably not. First, allowing the probabilities attached to the states of the economy to differ from their sample frequencies, the Consumption-CAPM is still rejected by the data and requires a very high level of Relative Risk Aversion(RRA) in order to rationalize the stock market risk premium....
Persistent link: https://www.econbiz.de/10011071098