Showing 1 - 10 of 319
Telecommunications regulation in the U.S. is replete with a system of subsidies and taxes. Because of budgetary …
Persistent link: https://www.econbiz.de/10013248105
This paper examines the financing decisions of regulated public utilities. It is argued that the regulatory process affects utility financing choices both by conditioning the environment in which these choices are made and by creating opportunities for firms to influence the regulated price...
Persistent link: https://www.econbiz.de/10012774607
A number of authors have suggested that investors derive utility from realizing gains and losses on assets that they own. We present a model of this quot;realization utility,quot; analyze its predictions, and show that it can shed light on a number of puzzling facts. These include the...
Persistent link: https://www.econbiz.de/10012751229
cases of electricity and telecommunications. The direction for future changes is also discussed …
Persistent link: https://www.econbiz.de/10013232151
Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...
Persistent link: https://www.econbiz.de/10012857668
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia …
Persistent link: https://www.econbiz.de/10012926416
Argentina, Chile, Uruguay and Greece. The results suggest that the haircut imposed by Argentina in its 2005 restructuring (75 …
Persistent link: https://www.econbiz.de/10013027684
statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …
Persistent link: https://www.econbiz.de/10013222318
the type Chile implemented throughout most of the 1990s reduce a country's vulnerability to contagion. I also deal, albeit … presented in this paper shows that the effectiveness of Chile's controls on inflows has often been overstated. Indeed, Chile was …
Persistent link: https://www.econbiz.de/10013231414
In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10013231996