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Who (Else) Benefits from Electricity Deregulation? Coal Prices, Natural Gas and Price Discrimination
Hughes, Jonathan E. - 2019
, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …
Persistent link: https://www.econbiz.de/10012892212
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Regulation, Financial Crises, and Liberalization Traps
Marchionne, Francesco - 2019
To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
Persistent link: https://www.econbiz.de/10012866557
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Government Guarantees and Bank Risk Taking Incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010352433
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Towards a macroprudential surveillance and remedial policy formulation system for monitoring financial crisis
Bhattacharyay, Biswa N. - 2009
Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...
Persistent link: https://www.econbiz.de/10010271785
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Early warning system for economic and financial risks in Kazakhstan
Bhattacharyay, Biswa N.; Dlugosch, Dennis; Kolb, Benedikt; … - 2009
This paper proposes a macro-prudential financial soundness analysis that can be used by most developing and transformation countries with or without crisis experience as well as by developed countries with limited data. The objective is to detect economic and financial sector vulnerability,...
Persistent link: https://www.econbiz.de/10010271787
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What is a Financial Crisis? Efficiently Measuring Real-Time Perceptions of Financial Market Stress with an Application to Financial Crisis Budget Cycles
Gandrud, Christopher; Hallerberg, Mark - 2015
Comparative quantitative research into the causes, responses to, and effects of banking crisis uses two series of crisis data: Reinhart and Rogoff (2009, 2010) and Laeven and Valencia (2013, and their predecessors). While these data sets provide broad coverage, the measures they code have...
Persistent link: https://www.econbiz.de/10011431172
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The employment effects of labor and product markets deregulation and their implications for structural reform
Berger, Helge; Danninger, Stephan - 2006
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results … framework for evaluating deregulation strategies in the presence of reform costs. Optimal deregulation takes various forms … depending on the deregulation costs and the strength of reform interactions. Compared to the first best, decentralized decision …
Persistent link: https://www.econbiz.de/10010263902
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Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective
Chen, Yu-Fu; Funke, Michael - 2005
The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The...
Persistent link: https://www.econbiz.de/10010271923
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Who (Else) Benefits from Electricity Deregulation? Coal Prices, Natural Gas and Price Discrimination
Hughes, Jonathan E.; Lange, Ian A. - 2018
, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …
Persistent link: https://www.econbiz.de/10011957190
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A Look Upstream: Electricity Market Restructuring, Risk, Procurement Contracts and Efficiency
Di Maria, Corrado; Lange, Ian A.; Lazarova, Emiliya - 2014
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … plants. On the other hand, we also find that transaction costs may have increased as a consequence of deregulation. …
Persistent link: https://www.econbiz.de/10010480822