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Financial Integration within the European Union : Towards a Single Market for Insurance
Beckmann, Rainer - 2010
Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration indicator used is the market share (premium based) of foreign companies in domestic markets. For the calculation of this indicator, three different kinds of foreign presence are...
Persistent link: https://www.econbiz.de/10013136591
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Delegation and discretion
Armstrong, Mark - Volkswirtschaftliche Fakultät, … - 1995
There are many situations in which a principal delegates decisions to a better-informed agent but does not choose to give full discretion. This paper discusses one reason why this might be desirable: the agent may have tastes that differ from those of the principal. Limiting the agent's...
Persistent link: https://www.econbiz.de/10005109556
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A Regulatory Framework for New and Emerging Markets
Baake, Pio; Kamecke, Ulrich; Wey, Christian - Volkswirtschaftliche Fakultät, … - 2005
building new networks. Traditional cost-based regulation, which focuses on issues of static efficiency and service … ex ante regulation contingent to the tendency towards effective competitive structures. Unlike the standard Significant … a result, our proposal of contingent regulation in emerging markets promotes infrastructure-based competition in …
Persistent link: https://www.econbiz.de/10005836890
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El posible impacto de las reformas internacionales en América Latina y el Caribe
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2013
Text presented at the 19ª Asamblea Anual del Grupo Regional de América Latina y el Caribe (GRULAC), of the World Savings Banks Institute, La Habana, Cuba, 4-5 November 2013. It mentions some of the more recent international reform initiatives in particular those linked to the Basel Committee...
Persistent link: https://www.econbiz.de/10011257769
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Los retos del nuevo Acuerdo de Capital para los países en desarrollo y la función del BIS
Heinrich, Gregorio - Volkswirtschaftliche Fakultät, … - 2004
This document describes the main issues of the New Basel Accord, highlights the roles and organization of the Basel Committee on Banking Supervision (BCBS) and the Bank for International Settlements (BIS), and offers some arguments against some of the criticism that has been voiced against the...
Persistent link: https://www.econbiz.de/10011258027
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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
, Johnson and Shleifer (2001) that securities-market regulation can create substantial value for minority shareholders in a …-based civil-law countries, regulation in the form of simple “bright-line rules” is more effective than in the form of “broad …
Persistent link: https://www.econbiz.de/10011260290
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Determinación de estándares internacionales: Hacia la certidumbre jurídica y la estabilidad financiera. (enlace al documento publicado: http://biblio.juridicas.unam.mx/libros/5/233...
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2006
Standards and the global framework. The BIS as host of standard setting bodies. Legal impact of standards.
Persistent link: https://www.econbiz.de/10011110775
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How solar subsidies can distort the power market: the case of Italy
Stagnaro, Carlo - Volkswirtschaftliche Fakultät, … - 2012
Italian policies to stimulate power production have been a success in the sense that solar power capacity has exploded, but they have also led to formidable costs. What is more, argues Carlo Stagnaro of the Italian think tank Istituto Bruno Leoni, support for green power has profoundly distorted...
Persistent link: https://www.econbiz.de/10011111256
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Benchmarking Methods in the Regulation of Electricity Distribution System Operators
Janda, Karel; Krska, Stepan - Volkswirtschaftliche Fakultät, … - 2014
This paper examines the regulation of distribution system operators (DSOs) focused on the Czech electricity market. It …
Persistent link: https://www.econbiz.de/10011113447
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Rules of Microcredit Regulatory Authority in Bangladesh: A Synopsis
Badruddoza, S. - Volkswirtschaftliche Fakultät, … - 2013
The note summarizes the rules and regulations set by Microcredit Regulatory Authority (MRA) in Bangladesh. It also provides the reader with idea of how these rules might take effect.
Persistent link: https://www.econbiz.de/10011113856