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Regulation and electricity market integration: When trade introduces inefficiencies
Billette de Villemeur, Etienne; Pineau, Pierre-Olivier - Volkswirtschaftliche Fakultät, … - 2012
Electricity markets vary greatly across jurisdictions, in terms of regulatory institutions, cost levels and environmental impacts. Integrating such different markets can lead to significant changes. This paper considers two jurisdictions - one with a regulated monopoly selling at average cost...
Persistent link: https://www.econbiz.de/10011108164
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Integrating Thermal and Hydro Electricity Markets: Economic and Environmental Costs of not Harmonizing Pricing Rules
Billette de Villemeur, Etienne; Pineau, Pierre-Olivier - Volkswirtschaftliche Fakultät, … - 2013
The electricity sector is the largest source of GHG emissions in the world, and reducing these emissions would often be costly. However, because electricity markets remain often only integrated at a shallow level (with different pricing regulations), many gains from deeper integration (adoption...
Persistent link: https://www.econbiz.de/10011114368
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Die internationale Finanzkrise: Ursachen, Treiber, Veränderungsbedarf und Reformansätze
Rudolph, Bernd - Volkswirtschaftliche Fakultät, … - 2009
Prinzipien gelenkt, wie in Zukunft das Risikomanagement, die interne Banksteuerung und die Bankenaufsicht reformiert und auf die …
Persistent link: https://www.econbiz.de/10004988388
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El posible impacto de las reformas internacionales en América Latina y el Caribe
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2013
Text presented at the 19ª Asamblea Anual del Grupo Regional de América Latina y el Caribe (GRULAC), of the World Savings Banks Institute, La Habana, Cuba, 4-5 November 2013. It mentions some of the more recent international reform initiatives in particular those linked to the Basel Committee...
Persistent link: https://www.econbiz.de/10011257769
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Determinación de estándares internacionales: Hacia la certidumbre jurídica y la estabilidad financiera. (enlace al documento publicado: http://biblio.juridicas.unam.mx/libros/5/233...
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2006
Standards and the global framework. The BIS as host of standard setting bodies. Legal impact of standards.
Persistent link: https://www.econbiz.de/10011110775
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Similarities and Differences between U.S. and German Regulation of the Use of Derivatives and Leverage by Mutual Funds – What Can Regulators Learn from Each Other?
GaÅ‚kiewicz, Dominika - Volkswirtschaftliche Fakultät, … - 2014
that under existing derivative and leverage regulation, funds in both countries are able to increase risk by using …This study analyzes current regulation with respect to the use of derivatives and leverage by mutual funds in the U ….S. funds have greater discretion to undervalue derivative exposure compared to German funds. All analyses of this study reveal …
Persistent link: https://www.econbiz.de/10011140967
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The Paris Bourse and the international capital flows before 1914
Quennouëlle-Corre, Laure - Volkswirtschaftliche Fakultät, … - 2007
This study wanted to pinpoint the different securities transactions’ channels in France, which are quite specific compared to other countries.As a matter of fact, the Paris Bourse could not be well explained without the free market and the deposit banks'transactions. This organisation leads to...
Persistent link: https://www.econbiz.de/10005835675
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Software Provision and the Impact of Market Integration
Iwasa, Kazumichi; Kikuchi, Toru - Volkswirtschaftliche Fakultät, … - 2008
Both deeper market integration and advances in digital technology have driven particularly large decreases in the costs of intermarket software provision. In this note, we first explain the mechanism of how trade costs in uence the software provision decisions of software firms. Then, we...
Persistent link: https://www.econbiz.de/10005836709
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Incremental Reform and Distortions in China’s Product and Factor Markets
Zhang, Xiaobo; Tan, Kong-Yam - Volkswirtschaftliche Fakultät, … - 2007
The purpose of economic reform is to reduce distortions and enhance efficiency. However, when reforms are partial and incremental, individuals and local governments are often able to capture the rent inherent in the gradual transition process. Young (2000) warned that such rent-seeking behavior...
Persistent link: https://www.econbiz.de/10005836987
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West versus East: Early Globalization and the Great Divergence
Rafael, Dobado-González; Alfredo, García-Hiernaux; … - Volkswirtschaftliche Fakultät, … - 2013
This paper extends our previous work on grain market integration across Europe and the Americas in the eighteenth and nineteenth centuries (Dobado, García-Hiernaux and Guerrero, 2012). By using the same econometric methodology, we now present: 1) a search for statistical evidence in the East of...
Persistent link: https://www.econbiz.de/10011260321