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Löschel, Andreas (contributor); … - 2009

In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … literature on the oil-unemployment relationship and relate them to the German case. Secondly, we illustrate this issue within the … 1973 to 2008, we show that oil price increases induce a rise in unemployment in the German labor market. Moreover, for a …

Persistent link: https://www.econbiz.de/10003806166

EU emission allowances and the stock market : evidence from the electricity industry

Oberndorfer, Ulrich (contributor) - 2008

This paper constitutes to our best knowledge the first econometric analysis on stock market effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission Allowance (EUA) price developments matter to the stock performance of electricity firms: EUA price changes and...

Persistent link: https://www.econbiz.de/10003745110

The impact of the European Union emissions trading scheme on competitiveness in Europe

Oberndorfer, Ulrich (contributor); … - 2006

This literature review analyses the impacts of the EU ETS on competitiveness focussing on existing simulation studies. We have identified the choice of the reference scenario as the most critical issue for an appropriate analysis of the relevant literature. We find, however, that effects of the...

Persistent link: https://www.econbiz.de/10003357010

Returns and volatility of eurozone energy stocks

Oberndorfer, Ulrich (contributor) - 2008

This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the Eurozone. According to our results, the gas market does not play a role for the pricing of Eurozone energy stocks. However, changes in the Euro to U.S. Dollar exchange rate as...

Persistent link: https://www.econbiz.de/10003671239

Public interest vs. interest groups : allowance allocation in the EU emissions trading scheme

Anger, Niels (contributor); … - 2008

This paper presents a political-economy analysis of allowance allocation in the EU Emissions Trading Scheme (EU ETS). A common-agency model suggests that a politicalsupport maximizing government considers the preferences of sectoral interest groups besides public interest when allocating...

Persistent link: https://www.econbiz.de/10003721735

The threat of systemic risk in banking : evidence for Europe

Schüler, Martin (contributor) - 2002

Persistent link: https://www.econbiz.de/10001701678

Integration benefits on EU retail credit markets : evidence from interest rate pass-through

Heinemann, Friedrich (contributor); … - 2002

Persistent link: https://www.econbiz.de/10001701684

Integration of the European market for e-finance : evidence from online brokerage

Schüler, Martin - 2002

Persistent link: https://www.econbiz.de/10001666795

Incentive problems in banking supervision : the European case

Schüler, Martin (contributor) - 2003

Persistent link: https://www.econbiz.de/10001911557

How integrated are the European retail financial markets? : a cointegration analysis

Heinemann, Friedrich; Schüler, Martin - 2002

With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this...

Persistent link: https://www.econbiz.de/10011447291