Showing 1 - 10 of 48
This paper investigates the intraday effects on market quality of a unique trading suspension mechanism in place at the Italian stock market (Borsa Italiana) in case of price limit hit. Specifically, when prices hit the limit, Borsa Italiana halts trading for 5 minutes ('freeze phase') and...
Persistent link: https://www.econbiz.de/10005621878
of mankind“ are goals which are still capable of being achieved even where fragmentation, diversification and …
Persistent link: https://www.econbiz.de/10009223337
In the past two decades, Latin American countries reformed their pension systems focusing mainly on addressing the weaknesses of the contributory schemes - fiscal unsustainability, low coverage levels and a high degree of segmentation- and barely addressed the non-contributory element. The...
Persistent link: https://www.econbiz.de/10005837508
Using a Two-Stage Least Squares procedure, we estimate the relationship between ethnic fragmentation and police … and accounting for simultaneity bias, ethnic fragmentation is positively related to police spending. Our paper contributes …
Persistent link: https://www.econbiz.de/10008543500
lack of consumption smoothing in case of sale. We find that under some reasonable conditions fragmentation increases … of politicization, we find that voice coupled with collective bargaining increases efficiency provided fragmentation is …
Persistent link: https://www.econbiz.de/10008533701
The emergence of space as a determinant in the functional relations linked to production and growth is a recent development in theories of industrial organization. This paper primarily reviews the contesting themes in explaining changes in relative importance of space. In reference to industrial...
Persistent link: https://www.econbiz.de/10009021972
Developing a three-sector and four-factor general equilibrium model, this paper offers an explanation of wage inequality in a vertically fragmented production structure typical of off-shore outsourcing to developing countries like China or India. The model characterizes a typical developing...
Persistent link: https://www.econbiz.de/10011111717
High land fragmentation and accelerated rate of conversion of agriculture land are major challenges for food security … use policy 2012. The paper reviews the effects of previous land management policies on land fragmentation and conversion … fragmentation and high rate of agriculture land conversion could partly be attributed to failures of previous land management …
Persistent link: https://www.econbiz.de/10011113149
observable ex ante proxy for political fragmentation and hypothesizes a strong functional relationship between non … the only challenge to Congress in their locality. However, political fragmentation and bitter fight among political …
Persistent link: https://www.econbiz.de/10011258113
The Commodity Futures Market is an instrument to achieve price discovery of commodities. The Government of India introduced the Commodities Transaction Tax of 0.01 per cent payable on seller for derivative transactions on 1 July 2013. This tax in line with the earlier tax imposed on transactions...
Persistent link: https://www.econbiz.de/10011261161