We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...

The collapse of the communist regime in Central and South-Eastern Europe gave way to sweeping economic and socio-political changes, marked by the conversion of centrally planned state economies into market economies, political liberalisation and democratisation, as well as to integration into...

The main objectives of the evaluation are: (i) to be accountable and to provide the relevant external co-operation services of the EC and the wider public with an overall independent assessment of the EC’s past and current co-operation relations with Nepal; and (ii) to identify key lessons in...

This brochure in the EU action on climate change series provides an overview of the many ways in which the EU is assisting developing countries in adapting to the negative effects of climate change and mitigating its causes, with a special focus on cooperation with developing countries in Asia.

The negative external effects of profit orientated businesses on the environment and society are most visible and destructive in developing countries, where compensation measures for adversely affected groups rarely exist and where high corruption rates often impede meaningful enforcement of...

The study investigates the contribution of selected important agricultural production systems and technologies (incl. rainwater harvesting, conservation agriculture, rice intensification system, organic farming, agroforestry systems and transgenic plants) to higher food production and food...

Biofuels have gone from being hailed as a greenalternative to fossil fuels to being accusedof increasing global warming, causing loss offorests and other valuable habitats, and ofincreasing poverty in the developing world. This brief examines some of the key issues surrounding biofuels and...