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Triffin reloaded: The matrix of contradictions around global quasi-state money
Schwartz, Herman M. - 2024
What explains the US dollar's role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin's dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for...
Persistent link: https://www.econbiz.de/10014633245
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Die internationale Vernetzung des Finanzplatzes Zürich
Geiger, Hans; Haas, Patrick; Wieler, Stefan - 2009
, dass der Finanzplatz Zürich zu den am stärksten vernetzten Finanzplätzen weltweit zählt (22. Rang bei der gesamten … Konnektivität). Die Untersuchung zeigt zudem, dass die vom Finanzplatz Zürich ausgehende Kontrolle beachtlich ist (4. Rang bei der … eine zusätzliche Untersuchung zur Rolle der Filialen durchgeführt. Es zeigt sich erneut, dass der Finanzplatz Zürich mit …
Persistent link: https://www.econbiz.de/10010315390
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Finanzmarktregulierung nach der Finanzmarktkrise: Vorschläge für eine Neuordnung der internationalen Finanzarchitektur
Balz, Enno - 2011
Ausgehend von der Krise im Finanzsektor analysiert der ehemalige Investmentbanker Enno Balz, wie es zu der weltweiten Wirtschaftskrise kam, die mit dem Zusammenbruch der Investmentbank Lehman Brothers 2008 begann. Sein Fazit: Schuldeninduziertes Wachstum gepaart mit fehlender Regulierung waren...
Persistent link: https://www.econbiz.de/10011892762
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Market integration in Russia during the transformation years
Gluschenko, Konstantin - 2002
A cross-sectional relationship between price dispersion among Russian regions and per capita income dispersion is used to measure the degree of integration between regional commodity markets. The sequence of cross-sectional estimations for each month of the period spanning 1992 through 2000...
Persistent link: https://www.econbiz.de/10010292776
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Food markets in Russia: Dynamics of their integration
Gluschenko, Konstantin; Khimich, Alexandra - 2007
In the context of integrated market, a price of any product in regions depends on its demand in a national market rather than in a regional one. Applying the econometric model based on this theoretical statement, the paper assesses to degree the markets of some food products are integrated. The...
Persistent link: https://www.econbiz.de/10010294026
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International Market Integration for Natural Gas? A Cointegration Analysis of Gas Prices in Europe, North America and Japan
Neumann, Anne; Siliverstovs, Boriss; L'Hégaret, Guillaume - 2003
We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen...
Persistent link: https://www.econbiz.de/10010324208
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Strategic Investment and Market Integration
Ganslandt, Mattias - 2001
The competitive effect of international market integration in industries with imperfect competition is of great policy interest. This paper focuses on the link between monopolization and market segmentation. It presents a model of multi-market entry deterrence with or without market commitments....
Persistent link: https://www.econbiz.de/10010335163
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Regulating national firms in a common market
Biancini, Sara - 2008
We consider the regulation of national firms in a common market. Regulators can influence the production of national firms but they incur in a positive cost of public funds. First, we show that market integration is welfare improving if and only if the efficiency gains compensate for the...
Persistent link: https://www.econbiz.de/10010264297
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Deviations from the law of one price in Japan
Cheung, Yin-Wong; Fujii, Eiji - 2008
Using 25 years of monthly data on individual Japanese retail prices, we study the behavior of product-specific Law of One Price (LOP) deviations. Individual tradable products, compared with nontradables, are more likely to have different distributions of LOP deviations across cities. Their...
Persistent link: https://www.econbiz.de/10010264343
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How to determine whether regional markets are integrated?: theory and evidence from European electricity markets
Gebhardt, Georg; Höffler, Felix - 2007
Prices may differ between regional markets if transport capacities are limited. We develop a new approach to determine to which extent such differences stem from limited participation in cross-border trader, i.e. lack of integration, rather than from bottlenecks. This approach considers both...
Persistent link: https://www.econbiz.de/10010264823