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Some regulation is needed to enhance growth and economic welfare, but too much undermines productivity. Generally, the …
Persistent link: https://www.econbiz.de/10009668590
This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a … multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own … the countries are perfectly aligned, Þrst best closure regulation cannot be implemented; (2) the more aligned the …
Persistent link: https://www.econbiz.de/10009636539
We live in a service economy, but the extent of development of service employment differs across developed countries. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences in the recent expansion of service employment in OECD...
Persistent link: https://www.econbiz.de/10009636543
determinants of socially and privately optimal IFs in a card scheme where services are provided by a monopoly issuer and perfectly …
Persistent link: https://www.econbiz.de/10009640439
The paper presents an analysis of the trade-offs of participants of different type between payment delay and liquidity requirement on the basis of synthetically generated data. The generation of the synthetic transaction data set for a simple RTGS system is described and calibrated using real...
Persistent link: https://www.econbiz.de/10009640617
Persistent link: https://www.econbiz.de/10011444990
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