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contribution to improvements in implementation issues and a stronger focus on public goods like protection of natural resources and …
Persistent link: https://www.econbiz.de/10011926398
This paper analyzes the safety-first portfolio model under two different target assumptions, the fixed target, which is commonly assumed in the literature, and the random target, which has played only a minor role so far. As both targets can be easily motivated, the open question is, which...
Persistent link: https://www.econbiz.de/10010319288
Safety-first portfolio optimization is concerned with maximizing the expected portfolio return subject to a safety-first constraint, which is defined as the probability of failing to achieve a specified target. Commonly the target is assumed to be fixed, which, however, leads to significant...
Persistent link: https://www.econbiz.de/10010271591
This paper proposes a methodology for benchmarking unemployment benefits systems, with a view to assess reform needs …
Persistent link: https://www.econbiz.de/10010331400
Benchmarking by means of applying the DEA model is appearing as an interesting alternative for regulators under the new …
Persistent link: https://www.econbiz.de/10010284240
The need for monitoring countries’ overall performance in sustainable development (SD) is widely recognized, but the methods for aggregating vast amounts of empirical data remain rather crude. This paper examines the so-called ‘benefit of doubt’ weighting method as a tool for identifying...
Persistent link: https://www.econbiz.de/10010284879
role of benchmarking as a means of improving the implementation record of structural reforms in the European Union. Against … this background, the paper puts forward a possible avenue for developing a strong form of quantitative benchmarking, namely …
Persistent link: https://www.econbiz.de/10011606237
European financial regulation consistently gives governments privileged access to private investors, reflecting the anchor role assigned to sovereign securities as safe and liquid assets for the financial system. Legislative reforms after the financial crisis of 2008 further expanded the...
Persistent link: https://www.econbiz.de/10015191655
The paper discusses the flexibilization of the sui generis system of supplementary protection certificates (SPCs) under European law recently introduced to allow for the manufacturing, stockpiling and export of covered products. Against this background, it examines the viability under the...
Persistent link: https://www.econbiz.de/10014278537
Examining fisheries, Brexit, the Trade and Cooperation Agreement (TCA) and its consequences for the fishing industry in the UK and the EU, this book explores key issues within the complex topic of fisheries after Brexit. Assessing the new fishing relationship between the UK and the EU, which...
Persistent link: https://www.econbiz.de/10014429235