Showing 1 - 10 of 12
Recent rounds of GATT and later WTO have advocated widespread tariffication, meaning that existing non-tariff barriers … be converted into import equivalent tariffs. From an economic point of view, the effects of such tariffication are not … tariffication. The ranking of pre- and post-tariffication welfare depends crucially on the nature of the initial trade barrier and …
Persistent link: https://www.econbiz.de/10010274308
Persistent link: https://www.econbiz.de/10010301077
Many developing countries around the world apply progressive water tariffs, often structured in the form of discretely increasing block tariffs (IBTs). These tariffs have been criticized in the welfare economic literature due to their perceived inefficiency: many of the prices charged under IBTs...
Persistent link: https://www.econbiz.de/10010457074
2017. Tariffication will involve greater competition from imports and the decline of domestic paddy prices, thereby … tariffication. Evaluation considers international experience with such schemes based on cost, efficiency, and coverage of farmers. A …
Persistent link: https://www.econbiz.de/10011784764
the tariffication of the rice import quota. Tariffication is disadvantageous to the palay sector across various measures … to rice imports. Consistent with expectation, imports are larger with tariffication, leading to more affordable consumer …
Persistent link: https://www.econbiz.de/10012145936
underwriting practices in London's primary sovereign bond market from 1870 to 1914. It shows how underwriting risk developed from … position of issuing houses and forced them to shoulder an increasing share of the underwriting risk. Issuing houses had to find … methods to deal with this risk, but they were initially hamstrung by public perception of underwriting as detrimental to the …
Persistent link: https://www.econbiz.de/10010368140
We study the role of banking relationships in IPO underwriting. Among other issues, we consider whether banking …
Persistent link: https://www.econbiz.de/10010263296
We study the role of banking relationships in IPO underwriting. Among other issues, we consider whether banking …
Persistent link: https://www.econbiz.de/10010276761
In leveraged loan deals, lead banks use bookbuilding to extract pricerelevant information from syndicate participants. This paper examines the content of such information. We find that pricing adjustments during bookbuilding are highly informative, not only about investors' required risk premium...
Persistent link: https://www.econbiz.de/10014480503
do primary offerings. We conclude that this rapid, worldwide shift towards accelerated underwriting creates a spot market …
Persistent link: https://www.econbiz.de/10010312614