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Risk sharing through financial markets with endogenous enforcement of trades
Köppl, Thorsten V. - 2004
When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are … an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved … allow for optimal risk sharing as long as markets are complete, default is prevented in equilibrium and intermediaries …
Persistent link: https://www.econbiz.de/10009636542
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Budget institutions and fiscal performance in Central and Eastern European countries
Gleich, Holger - 2003
This paper documents the modes of organization of the budget process in ten CEEC and examines the relationship between these institutional settings and fiscal performance. Using detailed information on the budget institutions in these countries, the national budget processes are classified...
Persistent link: https://www.econbiz.de/10009639852
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The allocation of competencies in an international union
Ruta, Michele - 2003
This paper presents a positive theory of centralization of political decisions in an international union. My central claim is that lobbies play a role in determining the assignment of competencies to the union because their power of influence can increase or decrease under centralization. I show...
Persistent link: https://www.econbiz.de/10009639847
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Financing Bologna students' mobility
Gérard, Marcel - 2010
Persistent link: https://www.econbiz.de/10009640495
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Revenue for EMU : a contribution to the debate on fiscal union
Iara, Anna - 2015
Persistent link: https://www.econbiz.de/10010510499
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Behavioural economics and taxation
Weber, Till Olaf - European Commission / Directorate General for Taxation …; … - 2014
Persistent link: https://www.econbiz.de/10010343060
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Tax compliance social norms and institutional quality : an evlolutionary theory of public good provision
Nicolaides, Panayiotis - 2014
Persistent link: https://www.econbiz.de/10010478775
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Optimal dynamic risk sharing when enforcement is a decision variable
Koeppl, Thorsten V. - 2003
decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …
Persistent link: https://www.econbiz.de/10009635888
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Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …
Persistent link: https://www.econbiz.de/10009635970
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Late lessons from early warnings
Gee, David (contributor); Guedes Vaz, Sofia (contributor);  … - Europäische Umweltagentur; European Environment Agency - 2002
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009635974