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Understanding the dependence structure between the commodity and stock markets is a crucial issue in constructing a … two different markets. This study analyzed the dependence structure of the commodity and stock markets using the random … matrix theory technique and network analysis. Our results show that the stock and commodity markets must be handled as …
Persistent link: https://www.econbiz.de/10010590342
This paper examines the relative merits of two dominant economic instruments for reducing pollution—”green” taxes and tradable permits. Theoretically, the two instruments share many similarities, and on balance, neither seems preferable to the other. In practice, however, most countries...
Persistent link: https://www.econbiz.de/10005604886
The markets for agri-food products are changing at a pace that is unparalleled in modern history. Markets are increasingly open and increasingly homogenized toward international tastes and requirements for levels of quality, packaging, safety, and even process attributes such as socially or...
Persistent link: https://www.econbiz.de/10005790381
Persistent link: https://www.econbiz.de/10009645995
Persistent link: https://www.econbiz.de/10004054669
This paper mainly addresses the economic dimensions, concentrating on the importance of international trade to state-building and the need for global public goods in a global market economy. The focus here is on the smaller countries emerging from civil war (particularly in Africa) rather than...
Persistent link: https://www.econbiz.de/10008543096
Presentation shows the global financial crisis, the difference between US, Europe and India, RBI’s policy response and impact, lessons from the crisis, medium-term issues and challenges. [Speech delivered at London Business School].
Persistent link: https://www.econbiz.de/10005000243
Th is study, which is supported by the ministries of fi nance and the central banks of the BRICS, focuses on synergies and complementarities between the economies, highlighting their role as growth drivers of the world economy. Th e emphasis is on best practices, areas of cooperation, and...
Persistent link: https://www.econbiz.de/10011133090
Carbon emission reduction is a long-term strategy for China to promote its economic and social development. However … performance of an interprovincial emission reduction quota trading scheme in China. The marginal abatement cost curve of each … province in China is first estimated. A nonlinear programming model is further developed to evaluate the economic performance …
Persistent link: https://www.econbiz.de/10010702713
This paper applies the common agency framework and the theory of nonprofit organization to the functioning of international financial institutions such as the IMF, IBRD and ADB. Webs of intricate monitoring networks exist among member countries of an institution, its sevretariat, and countries...
Persistent link: https://www.econbiz.de/10005256241