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Cryptocurrency market reactions to regulatory news

Auer, Raphael A.; Claessens, Stijn - 2020

Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations …

Persistent link: https://www.econbiz.de/10012205633

Regulation, financial crises, and liberalization traps

Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …

Persistent link: https://www.econbiz.de/10012030889

The quantification of structural reforms : extending the framework to emerging market economies

Égert, Balázs - 2018

. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …

Persistent link: https://www.econbiz.de/10011800715

Privatising network industries

Newbery, David M. G. - 2004

Persistent link: https://www.econbiz.de/10011402670

Investment in broadband infrastructure under local deregulation : evidence from the UK broadband market

Fabritz, Nadine; Falck, Oliver - 2013

This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of the wholesale broadband access market. Using a panel dataset covering all 5,598 exchange areas in the United Kingdom, we exploit regional differences in deregulation following a...

Persistent link: https://www.econbiz.de/10009752995

Prices vs. quantities with endogenous cost structure

Storrøsten, Halvor Briseid - 2014

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …

Persistent link: https://www.econbiz.de/10010238324

Irreversible investments and regulatory risk

Panteghini, Paolo; Scarpa, Carlo - 2003

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that a pure price...

Persistent link: https://www.econbiz.de/10011507879

Investment size and firm's value under profit sharing regulation

Moretto, Michele; Panteghini, Paolo; Scarpa, Carlo - 2003

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm s start-up decision relative to a pure price cap...

Persistent link: https://www.econbiz.de/10011509471

Regulation in Swiss cantons : data for one country

Lüchinger, Simon; Schelker, Mark - 2015

In this paper, we present and illustrate novel data on more than a century of regulation in Switzerland. We provide … reflected in the annual changes to such regulation from 1908-2013. We measure the stock of regulation by the number of … heterogeneity in the stock of regulation and the amount and development of regulatory activity. Regulatory activity generally …

Persistent link: https://www.econbiz.de/10011405724

The new systems competition

Sinn, Hans-Werner - 2001

While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

Persistent link: https://www.econbiz.de/10011408441