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Preventing currency crises in emerging markets

Edwards, Sebastian (ed.); Frankel, Jeffrey A. (contributor) - 2002

Persistent link: https://www.econbiz.de/10001664021

How to Auction an Essential Facility When Underhand Integration is Possible

Engel, Eduardo M.R.A. - 2001

There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...

Persistent link: https://www.econbiz.de/10012470580

Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets

Blanchard, Olivier - 2001

regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor … market regulation as determining the bargaining power of workers. Having characterized the effects of labor and product …

Persistent link: https://www.econbiz.de/10012470609

Coase v. the Coasians

Johnson, Simon - 1999

judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring … strategies may sometimes be the best. This paper compares the regulation of financial markets in Poland and the Czech Republic in … the Czech Republic, hands-off regulation was associated with a near collapse of the stock market. These episodes …

Persistent link: https://www.econbiz.de/10012471336

Government as a Discriminating Monopolist in the Financial Market : The Case of China

Gordon, Roger H. - 1999

To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital controls and regulating interest rates, the government controls both the set of firms that can sell equity on the domestic or foreign stock markets, and the amount they can sell....

Persistent link: https://www.econbiz.de/10012471684

Three Sides of Harberger Triangles

Hines, James R, Jr - 1998

Harberger triangles are used to calculate the efficiency costs of taxes, government regulations, monopolistic practices, and various other market distortions. This paper considers the historical development of Harberger triangles, the associated theoretical controversies, and the contribution of...

Persistent link: https://www.econbiz.de/10012471960

Fee Speech : Adverse Selection and the Regulation of Mutual Funds

Das, Sanjiv Ranjan - 1998

not correspondingly penalized for underperforming it. The rationale offered in defense of the regulation by both the SEC …

Persistent link: https://www.econbiz.de/10012472166

On the Regulation of Fee Structures in Mutual Funds

Das, Sanjiv Ranjan - 1998

We offer an alternative framework for the analysis of mutual funds and use it to examine the rationale behind existing regulations that require mutual fund advisor fees to be of the fulcrum' variety. We find little justification for the regulations. Indeed, we find that asymmetric incentive...

Persistent link: https://www.econbiz.de/10012472171

An Empirical Investigation of Firms' Responses to Minimum Standards Regulations

Chipty, Tasneem - 1997

We study firms' responses to minimum standards and other forms of regulatory intervention on both the probability of exit and the distribution of observable product quality, using firm level data for a nationally representative sample of markets. Our empirical work is motivated by the literature...

Persistent link: https://www.econbiz.de/10012472710

Ethical Foundations of Financial Regulation

Kane, Edward J. - 1997

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of …

Persistent link: https://www.econbiz.de/10012472798

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