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Hybridkapital ist eine innovative Form der Unternehmensfinanzierung. Hybride Finanzinstrumente weisen Eigenschaften von sowohl Fremd- als auch Eigenkapital auf und stellen deswegen ein sehr flexibles Finanzprodukt dar. Aus diesem Grund haben sich in den letzten Jahren hybride Kapitalinstrumente...
Persistent link: https://www.econbiz.de/10003618862
regulation often follows the preferences of producers. Therefore, the interests of the financial industry might be a major … that the private interest view on regulation is indeed relevant and that the data is more compatible with a "preference for …
Persistent link: https://www.econbiz.de/10011447759
Financial markets in Europe become more and more integrated. The persisting fragmentation of financial supervision, however, constitutes a lasting obstacle to integration. The aim of this paper is to assess these costs of supervisory fragmentation. We find clear evidence for the existence of...
Persistent link: https://www.econbiz.de/10002515546
We develop a general model of the financial system that allows for the evaluation of bank regulation. Our framework …, maturity and liquidity. As a first application of the model we implement the liquidity coverage ratio (LCR) regulation and … lending in the face of shocks. We find that the LCR regulation reduces the supply of loans to the real sector, increases the …
Persistent link: https://www.econbiz.de/10011643604
This paper treats the question to what extent globalization trends restrict a countryspecific regulation policy in … industrial countries. The empirical analysis makes use of recently collected regulation indicators for four policy fields …
Persistent link: https://www.econbiz.de/10003301116
This paper deals with designing emissions trading in practice. After a short introduction to the general idea of emissions trading, practical requirements for the introduction of an emissions trading scheme are considered, including the temporal and spatial dimension as well as administrative...
Persistent link: https://www.econbiz.de/10009509684
. Empirical data underpin our theoretical findings: A regression analysis of Germany’s green tax reform explains environmental tax …
Persistent link: https://www.econbiz.de/10003268913
Persistent link: https://www.econbiz.de/10001911581
Persistent link: https://www.econbiz.de/10002040069
The democratic accountability of policymaking institutions which are autonomous within delegated mandates has not received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form of possible overriding of economic policy decisions by...
Persistent link: https://www.econbiz.de/10003502649