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Given the increasing importance of gas in the Mozambican economy, the success of institutional reforms is key to the country's economic prospects of benefiting positively from the expected gas bonanza. In this paper we analyze the performance of the new institutional reforms (NIA) in Mozambique,...
Persistent link: https://www.econbiz.de/10013364544
We provide the description and illustrative results of the World Gas Model, a multi-period complementarity model for … world wide natural gas production and consumption. We also include a detailed representation of cross-border natural gas …
Persistent link: https://www.econbiz.de/10010271148
countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production … North America would be affected more than other parts of the world. Lastly, the vulnerability of gas importers worldwide on …
Persistent link: https://www.econbiz.de/10010274286
In this paper, we discuss potential developments of the world natural gas industry at the horizon of 2030. We use the … World Gas Model (WGM), a dynamic, strategic representation of world natural gas production, trade, and consumption between … 2005 and 2030. We specify a base case which defines the business-as-usual assumptions based on forecasts of the world …
Persistent link: https://www.econbiz.de/10010274288
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Oil Spaces traces petroleum's impact through a range of territories from across the world, showing how industrially …
Persistent link: https://www.econbiz.de/10014280259
Financial markets (share markets, foreign exchange markets and others) are all characterized by a number of universal power laws. The most prominent example is the ubiquitous finding of a robust, approximately cubic power law characterizing the distribution of large returns. A similarly robust...
Persistent link: https://www.econbiz.de/10010295170
The turbulences in the international financial markets during the summer and autumn of 1998 put the price formation and liquidity provision mechanism in many markets under severe strain. As part of the large-scale portfolio rebalancing that took place, investors shifted a large part of their...
Persistent link: https://www.econbiz.de/10010295689
We study the risk of holding credit default swaps (CDS) in the trading book. In particular, we compare the Value at Risk (VaR) of a CDS position to the VaR for investing in the respective firm's equity. Our sample consists of CDS – stock price pairs for 86 actively traded firms over the period...
Persistent link: https://www.econbiz.de/10010295949