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Remittances, banking status and the usage of insurance schemes
Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010
can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …
Persistent link: https://www.econbiz.de/10010270469
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Insurance for Catastrophes - Indemnity vs. Parametric Insurance with Imperfect Information
Feess, Eberhard; Jordan, Cathrin; Noy, Ilan - 2022
Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …
Persistent link: https://www.econbiz.de/10013296268
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Insuring Peace : Index-Based Livestock Insurance, Droughts, and Conflict
Gehring, Kai; Schaudt, Paul - 2023
, and climate change is predicted to intensify this problem. The Index-Based Livestock Insurance (IBLI) scheme piloted in …
Persistent link: https://www.econbiz.de/10014356486
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Modernizing the European VAT
Cnossen, Sijbren - 2020
The harmonized European value-added tax (VAT) is anything but a modern consumption tax that taxes all goods and services at a uniform rate. As exemplified by an analysis of the Dutch version, some 60% of the base is exempted, that is, not taxed on output but on inputs. This has serious...
Persistent link: https://www.econbiz.de/10012834353
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What Can We Learn from EU ETS?
Vollebergh, Herman R.J. - 2020
This paper discusses lessons that other regions could learn from European Union's effort to implement carbon pricing through EU Emission Trading System (EU ETS). Our lessons are, first of all, that a cap-and-trade system like EU ETS is very helpful in guaranteeing a credible and binding...
Persistent link: https://www.econbiz.de/10012836008
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An Unemployment Re-Insurance Scheme for the Eurozone? Stabilizing and Redistributive Effects
Dolls, Mathias - 2020
unemployment re-insurance scheme for the euro area. Running counterfactual simulations based on household micro data for the period … 2000–16, the paper finds that the re-insurance would have cushioned on average 12% (8%) of income losses through … interregional (intertemporal) smoothing. These results suggest that the smoothing effect of the re-insurance which is due to …
Persistent link: https://www.econbiz.de/10012836930
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25 Years of European Merger Control
Affeldt, Pauline - 2020
We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the 1990-2014 period, we evaluate how consistently...
Persistent link: https://www.econbiz.de/10012836941
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Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus
Hristov, Nikolay - 2020
We explore the effects of the ECB's unconventional monetary policy on the banks' sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy shocks,...
Persistent link: https://www.econbiz.de/10012838235
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Overcoming History Through Exit or Integration - Deep-Rooted Sources of Support for the European Union
Gehring, Kai - 2020
Preferences about the vertical distribution of power in federal systems are not well understood. I argue that negative historical experiences with higher-level governments can plausibly raise demands for exit strategies and a devolution of power. But integration, for instance delegating power...
Persistent link: https://www.econbiz.de/10012840224
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Overlapping Efforts in the EU Emission Trading System
Herweg, Fabian - 2020
According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is not fixed but endogenous. This implies that a national climate policy that overlaps with the emission trading system can have an impact on total aggregate emissions. Roughly...
Persistent link: https://www.econbiz.de/10012840226