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Border Carbon Adjustments : Rationale, Design and Impact
Keen, Michael; Parry, Ian; Roaf, James - 2022
This paper assesses the rationale, design, and impacts of border carbon adjustments (BCAs). Large disparities in carbon …-rider problem in carbon pricing, but might be a step to an effective international carbon price floor …
Persistent link: https://www.econbiz.de/10013306745
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A Framework for Comparing Climate Mitigation Policies Across Countries
Black, Simon; Minnett, Danielle; Parry, Ian; Roaf, James; … - 2023
carbon price floors could complement the Paris Agreement by helping to deliver the near-term cuts in global greenhouse gas … mitigation policies across countries, including carbon pricing, fuel taxes, subsidy reform, and non-pricing approaches like … carbon price equivalents and applies it to the Group of Twenty (G20) countries …
Persistent link: https://www.econbiz.de/10014264224
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Financial Spillovers to Chile
Podpiera, Jiri - 2012
This paper quantifies financial spillovers from global risk factors to banks' funding costs in Chile. It decomposes Chilean banks' bond and interbank spreads into domestic and external factors. The results suggest moderate spillovers. On average, global spillovers pushed up bank bond and...
Persistent link: https://www.econbiz.de/10013098274
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Sovereign Risk and Asset and Liability Management-Conceptual Issues
Das, Udaibir - 2012
Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign balance sheets, reaffirms the need for strengthening financial risk management. This paper discusses some salient features embedded in in the...
Persistent link: https://www.econbiz.de/10013098567
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Financial Stability in an Evolving Regulatory and Supervisory Landscape
Xiao, Yingbin - 2013
This paper runs qualitative and quantitative analyses of the financial soundness of Danish banks. Helped by a series of Denmark's financial policy initiatives, banks have made progress in improving financial stability. However, vulnerabilities remain. To mitigate risks, banks should continue to...
Persistent link: https://www.econbiz.de/10013085614
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Sovereign Asset and Liability Management in Emerging Market Countries : The Case of Uruguay
Amante, Andre - 2020
This paper provides an overview of the strategic and operational issues as well as institutional challenges, related to the implementation of the Sovereign Asset and Liability Management (SALM) approach. Application of an SALM framework allows the authorities to identify and monitor sovereign...
Persistent link: https://www.econbiz.de/10012843498
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Asian Flu or Wall Street Virus? Price and Volatility Spillovers of the Tech and Non-Tech Sectors in the United States and Asia
Chan-Lau, Jorge A. - 2006
This paper, using T-GARCH models, finds that the United States has been the major source of price and volatility spillovers to stock markets in the Asian region during three different periods in the last decade: the pre-Long Term Capital Management crisis period the tech bubble period, and the...
Persistent link: https://www.econbiz.de/10012735587
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Bond Restructuring and Moral Hazard : Are Collective Action Clauses Costly?
Becker, Torbjorn - 2005
Many official groups (such as the G-7, G-10 and G-22 groups of countries) have recently endorsed the wider use by emerging market borrowers of quot;collective action clausesquot;, (CACs) in bond contracts. These clauses allow for a qualified majority of bondholders to restructure repayment terms...
Persistent link: https://www.econbiz.de/10012737660
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Asian Equity Markets : Growth, Opportunities, and Challenges
Purfield, Catriona - 2007
Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, and structural improvements to markets. The development of equity markets provides a more...
Persistent link: https://www.econbiz.de/10012777958
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How Important is Sovereign Risk in Determining Corporate Default Premia? : The Case of South Africa
Peter, Marcel - 2006
The paper analyzes and quantifies the importance of sovereign risk in determining corporate default premia (yield spreads). It also investigates the extent to which the practice by rating agencies and banks of not rating companies higher than their sovereign (quot;country or sovereign...
Persistent link: https://www.econbiz.de/10012780705