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In Portugal, the telecommunications incumbent offers broadband access tothe Inter- net, both through digital subscriber line and cable modem. Inthis article, we estimate the impact on broadband access to the Internetof the structural separation of these two businesses. We use a panel ofconsumer...
Persistent link: https://www.econbiz.de/10009435100
the most indebted agents will be a necessary condition for achieving balanced growth. This paper analyses the deleveraging … form deleveraging is taking. Arguably, too, differences in observed patterns of adjustment are related to distinct economic … Ireland and Spain the reduction in net financing flows is proving more important. Deleveraging processes will foreseeably …
Persistent link: https://www.econbiz.de/10012529583
features of the current scenario faced by some euro area countries, combine to produce a slow and protracted deleveraging of … the end of deleveraging and the exit from recession …
Persistent link: https://www.econbiz.de/10012530445
and a slow deleveraging process in its “periphery”. We find that the joint implementation of pro-competition structural …
Persistent link: https://www.econbiz.de/10012530499
Documentamos que la economía de Estados Unidos se ha caracterizado por una asimetría del ciclo económico cada vez más negativa durante las últimas tres décadas. Este hallazgo puede explicarse por el aumento del apalancamiento financiero de hogares y empresas. Para mostrar esto, diseñamos...
Persistent link: https://www.econbiz.de/10012530573
Using a unique data set of retail investor orders submitted to the European Warrant Exchange, the Euwax Sentiment Index is being developed to accurately represent an actual measure of retail investor sentiment. It can be shown that retail investors are on average contrarians who trade in a...
Persistent link: https://www.econbiz.de/10009434527
EU-Unternehmen müssen seit 2005 entsprechend ihrem CO2-Ausstoß genügend Emissionszertifikate einreichen. Da die Zertifikate frei handelbar sind, stellt sich ihnen CO2 als ein zusätzlicher Produktionsfaktor mit unsicherem Preis dar. Derivative Finanzinstrumente helfen beim Management der...
Persistent link: https://www.econbiz.de/10009434615
This paper investigates the transparency of derivative disclosures of Australian firms in the extractive industries using 1998 to 2001 financial reports. The quality of financial reporting has become a major corporate governance issue since the collapse of prominent companies such as Enron in...
Persistent link: https://www.econbiz.de/10009438340
Market models for software vulnerabilities have been disparaged in the past citing how these do little to lower the risk of insecure software. In this paper we argue that the market models proposed are flawed and not the concept of a market itself. A well-defined software risk derivative market...
Persistent link: https://www.econbiz.de/10009440801
market for mortgage backed securities or credit derivatives. Moreover, the observed behavior of traders and institutions that …
Persistent link: https://www.econbiz.de/10009441008