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Persistent link: https://www.econbiz.de/10010316356
development. The second part of the paper seeks to identify the determinants of financial development based on Diamond's theory of …
Persistent link: https://www.econbiz.de/10010330134
We examine banking competition when deposit or loan contracts contingent on macroeconomic shocks become feasible. We …
Persistent link: https://www.econbiz.de/10011753157
The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...
Persistent link: https://www.econbiz.de/10014560176
This paper analyzes how competition works in mobile telecommuncations markets and, bases on this analysis, we discuss … understanding competition in mobile telephony, is the fact that building a mobile telephone network requires highly specific … interconnection and fixed-to-mobile termination may give rise to competition problems. As we argue in this paper, closer analysis …
Persistent link: https://www.econbiz.de/10010263392
that supranational competition can have very different consequences on the rent seeking behaviour of firms, depending on …
Persistent link: https://www.econbiz.de/10010264297
This paper addresses the issue of how to design the institutional structure of an industry which provides two differentiated products. One good is supplied by a regulated monopoly and the other is produced in a competitive (unregulated) segment. Two possible institutional patterns are compared....
Persistent link: https://www.econbiz.de/10010281510
The possible crucial role of international bank lending in transmitting adverse economic disturbance from developed economies to emerging economies in the 2008 - 2009 global financial crisis has placed capital flows into sharper scrutiny in academic and policy discussions. The authors construct...
Persistent link: https://www.econbiz.de/10010397204
Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed economy and compares abilities of market-based and...
Persistent link: https://www.econbiz.de/10011422146
Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...
Persistent link: https://www.econbiz.de/10010326246