This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and … markets. While exercise of market power on behalf of FSU under U.S. compliance has no environmental impact as compared to … competitive permit trade, it prevents the Kyoto Protocol from boiling down to business-as-usual after U.S. withdrawal. Non …

We show that U.S. withdrawal from the Kyoto Protocol is straightforward under political economy considerations. The … reason is that U.S. compliance costs exceed low willingness to pay for dealing with global warming in the U.S. The withdrawal …

Network (IBRN), established in 2012, brings together researchers from around the world with access to micro-data on individual … studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory … power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk …