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Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...
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Some regulation is needed to enhance growth and economic welfare, but too much undermines productivity. Generally, the …
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The European Securities and Markets Authority (ESMA) is required by Article 39a of Regulation (EU) No 462/2013 of the … European Parliament and the Council of 21 May 2013, amending Regulation (EC) No 1060/2009 on credit rating agencies (CRA … Regulation), to assess the staffing and resources needs arising from the assumption of its powers and duties under the CRA …
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