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This study investigates the effects of oil price shocks on volatility of selected agricultural and metal commodities. To achieve this goal, we decompose an oil price shock to its underlying components, including macroeconomics and oil specific shocks. The applied methodology is the structural...
Persistent link: https://www.econbiz.de/10011438674
The China - Raw Materials dispute recently arbitrated by the WTO opposed China as defendant to the US, the EU and Mexico as claimants on the somewhat unusual issue of export restrictions on natural resources. For the claimants, Chinese export restrictions on various raw materials, of which the...
Persistent link: https://www.econbiz.de/10010419928
This study investigates the price volatility of metals, using the GARCH and GJR models. First we examine the persistence of volatility and the leverage effect across metal markets taking into account the presence of outliers, and second we estimate the effects of oil price shocks on the price...
Persistent link: https://www.econbiz.de/10011327443
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organizations: the Bretton Woods Institutions (IMF, World Bank) and MNCs. This piece extends and generalizes "Bargaining to lose …
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the international negotiations with complete and with asymmetric information in a dynamic framework. Results show that …
Persistent link: https://www.econbiz.de/10011589628
obligations before that. With current international climate negotiations flawed with a focus on commitments on the targeted date … of 2020 that does not accommodate well the world's two largest greenhouse gas emitters, the paper suggests a new … direction to break the current impasse in international climate negotiations. -- Carbon Intensity ; Post-Copenhagen Climate …
Persistent link: https://www.econbiz.de/10009231809
Our purpose is to analyse the effectiveness and efficiency of a Partial Climate Agreement with open entry under a non-cooperative Nash-Equilibrium framework. We evaluate a partial agreement policy in which non-signatory countries can decide to join or to leave a coalition of the willing at any...
Persistent link: https://www.econbiz.de/10009757336