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A note on the adverse effect of competition on consumers
Dinda, Soumyananda; Mukherjee, Arijit - Volkswirtschaftliche Fakultät, … - 2010
consumers worse-off in the presence of a welfare maximizing tax/subsidy policy. A rise in the number of more cost inefficient …
Persistent link: https://www.econbiz.de/10011271692
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The government-taxpayer game
Carfì, David; Fici, Caterina - Volkswirtschaftliche Fakultät, … - 2012
In this paper, we model - quantitatively – a possible realistic interaction between a tax-payer and his Government. We … there is no reason (convenience), for the tax-payer, to evade the taxes or to declare less than his real income. Moreover … distinguished tax-payer (big companies and so on). …
Persistent link: https://www.econbiz.de/10011259328
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Growth Effects of Financial Integration and Financial Deepening in Selected Sub-Saharan African Economies: a Panel-Data Approach
Evans, Olaniyi - Volkswirtschaftliche Fakultät, … - 2013
This paper investigates the growth effects of financial integration and financial deepening in selected SSA economies, using a panel dataset of 10 SSA countries from 1970-2012. We use ratio of net FDI inflow to GDP (proxy for financial integration), ratio of gross capital formation to GDP (proxy...
Persistent link: https://www.econbiz.de/10011259904
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Repo Market – A Tool to Manage Liquidity in Financial Institutions
Nath, Golaka - Volkswirtschaftliche Fakultät, … - 2013
Repo is used in India as an instrument for monetary policy by institutionalizing daily Liquidity Adjustment Facility (LAF) which allows banks and Primary Dealers to manage their liquidity needs. Liquidity stress in the market has an impact on the short term interest rate. Entities not having...
Persistent link: https://www.econbiz.de/10011260388
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Challenges to Solvency II Reform in Insurance Industry
Ramosaj, Berim - Volkswirtschaftliche Fakultät, … - 2010
Insurance Industry is going through a very important stage of its transformation - the transition from the classical system of management into a risk-based management. These changes were launched in Europe by international organizations which deal with the development of the necessary...
Persistent link: https://www.econbiz.de/10008728065
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Portfolio Choice and Benchmarking: The Case of the Unemployment Insurance Fund in Chile
Castaneda, Pablo - Volkswirtschaftliche Fakultät, … - 2005
A new Unemployment Insurance System based on individual accounts was launched in Chile on October 2002. One of the most interesting features of the system is given by the compensation scheme of the fund manager, which contains a performance based incentive benchmarked to one of the default...
Persistent link: https://www.econbiz.de/10005836512
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Long Term Risk Assessment in a Defined Contribution Pension System
Castaneda, Pablo - Volkswirtschaftliche Fakultät, … - 2006
One of the most important consequences of the Chilean pension reform undertaken in the early 1980s was to transfer a significant portion of the risk associated to the financing of pensions, from the State, to the pension fund participants of the newly established compulsory pension system. This...
Persistent link: https://www.econbiz.de/10005619773
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Profiting from Mimicking Strategies in Non-Anonymous Markets
Vasios, Michalis; Payne, Richard; Nolte, Ingmar - Volkswirtschaftliche Fakultät, … - 2015
We explore the information content of counterparty identities and how their disclosure can be exploited by other investors in a post-trade transparent market. Using data from the Helsinki Stock Exchange, we form dynamic mean-variance strategies with daily rebalancing which condition on the net...
Persistent link: https://www.econbiz.de/10011145367
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Financial liberalization, disaggregated capital flows and banking crisis: Evidence from developing countries
BOUKEF JLASSI, NABILA; HAMDI, HELMI - Volkswirtschaftliche Fakultät, … - 2013
The aim of this paper is to examine whether or not financial liberalization has triggered banking crises in developing countries. We focus in particular on the role of capital inflows as their volatilities threat economic stability. In the empirical model, based on Panel Logit estimation, we use...
Persistent link: https://www.econbiz.de/10011109586
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Impact of monetary policy on US stock market
Sirucek, Martin - Volkswirtschaftliche Fakultät, … - 2011
Purpose of the article The present article deals with associations between the development of money supply measured by the money aggregate M2 and the development of the Ameri-can stock index Dow Jones Industrial Average. The objective of the article is to determine, describe and assess the...
Persistent link: https://www.econbiz.de/10011113226