Motivated by the rapid rise and volatility of oil prices, many countries are promoting biofuels as alternative energy sources. The claimed advantage that biofuels reduce GHG emissions is also an additional driver behind the widespread adoption of biofuel in Ethiopia and other countries. However,...

The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...

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...