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Cost pass-through of the EU emissions allowances : examining the European petroleum markets

Alexeeva-Talebi, Victoria - 2010

This paper explores the ability of European refineries to pass-through costs associated with the introduction of the EU … Emissions Trading Scheme (EU ETS). We estimated a sequence of vector error correction models (VECM) within a multi …-national setting which covers 14 EU member states. Using weekly data at the country level, this paper finds a significant influence of …

Persistent link: https://www.econbiz.de/10008701354

What explains the spread between the euro overnight rate and the ECB's policy rate?

Linzert, Tobias (contributor); Schmidt, Sandra (contributor) - 2007

In this paper we employ a time series econometric framework to explore the structural determinants of the spread between the euro overnight rate and the ECB's policy rate (EONIA spread) aiming to explain the widening of the EONIA spread in the period from mid-2004 to mid-2006. We mainly estimate...

Persistent link: https://www.econbiz.de/10003607705

Latin versus European power : a tale of two market reforms

Mennel, Tim (contributor); … - 2007

This paper compares electricity market reforms in the European Union with reforms in Chile and Brazil. The paradigm of competitive market structures for the electricity sector, as developed in the economics literature, is outlined: competitive markets in generation and retailing and an...

Persistent link: https://www.econbiz.de/10003608096

Merger control as barrier to EU banking market integration

Köhler, Matthias (contributor) - 2007

reasons and formal errors’. Following these events, the EU Commission brought actions against Italy for infringement of the … questionnaire on banking regulation that was sent to the supervisory authorities in the 25 EU member countries between October 2006 …

Persistent link: https://www.econbiz.de/10003608104

The determinants of capital structure : some evidence from banks

Gropp, Reint (contributor); Heider, Florian (contributor) - 2008

This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have...

Persistent link: https://www.econbiz.de/10003671222

Returns and volatility of eurozone energy stocks

Oberndorfer, Ulrich (contributor) - 2008

This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the Eurozone. According to our results, the gas market does not play a role for the pricing of Eurozone energy stocks. However, changes in the Euro to U.S. Dollar exchange rate as...

Persistent link: https://www.econbiz.de/10003671239

The impact of personal and corporate taxation on capital structure choices

Overesch, Michael (contributor); Voeller, Dennis (contributor) - 2008

This paper empirically analyses whether both personal and corporate taxation have an impact on companies' capital structure decisions. We investigate the effect of the difference in taxation of debt and equity financing on capital structures. Our empirical results, based on a comprehensive panel...

Persistent link: https://www.econbiz.de/10003671263

Energieeffizienz : eine neue Aufgabe für staatliche Regulierung?

Mennel, Tim (contributor); Sturm, Bodo (contributor) - 2008

Hinter der Forderung nach höherer Energieeffizienz stehen üblicherweise konkrete umwelt- und energiepolitische Ziele wie Klimaschutz, Versorgungssicherheit und Ressourcenschonung. Das vorliegende Papier analysiert diese Argumente und diskutiert mögliche Politikinstrumente zur Zielerreichung....

Persistent link: https://www.econbiz.de/10003618873

Selbständigkeit in Europa 1991 - 2003 : empirische Evidenz mit Länderdaten

Göggel, Kathrin (contributor); Gräb, Johannes (contributor) - 2006

Persistent link: https://www.econbiz.de/10003302726

Hot air for sale : a quantitative assessment of Russia's near-term climate policy options

Böhringer, Christoph (contributor); … - 2006

Since January 1st the European Union has launched an EU-internal emissions trading scheme (EU ETS) for emission …-intensive installations as the central pillar to comply with the Kyoto Protocol. The EU ETS may be linked at some time to a Kyoto emissions … into account potential linkages between the Kyoto emissions market and the EU ETS. We find that Russia may have incentives …

Persistent link: https://www.econbiz.de/10003302732