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Institutional Clash and Financial Fragility. An Evolutionary Model of Banking Crises
Knutsen, Sverre; Sjögren, Hans - Volkswirtschaftliche Fakultät, … - 2009
There are mainly two types of theories explaining banking crisis, emanating from the monetarist school respectively institutional economics. Using an allegory, monetarists are discussing how much water in terms of liquidity that is needed to stop a fire escalating into a disaster, while...
Persistent link: https://www.econbiz.de/10005836657
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Spillovers in the Nordic Countries
Mircheva, Borislava; Muir, Dirk - International Monetary Fund (IMF) - 2015
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …
Persistent link: https://www.econbiz.de/10011242239
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Nordic Regional Report; Selected Issues
International Monetary Fund (IMF); International … - 2013
and high household debt. The economic performance of the four continental Nordic economies (Denmark, Finland, Norway, and …
Persistent link: https://www.econbiz.de/10011243046
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Nordic Regional Report; 2013 Cluster Consultation
International Monetary Fund (IMF); International … - 2013
This paper examines 2013 Cluster Consultation—a Nordic Regional IMF staff report. Denmark, Finland, Norway, and …
Persistent link: https://www.econbiz.de/10011243412
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Fractal properties of some European electricity markets
Bianchi, Sergio; Bellis, Iva De; Pianese, Augusto - In: International Journal of Financial Markets and Derivatives 1 (2010) 4, pp. 395-421
This paper investigates the fractal behaviour of the electric spot prices traded in some European markets. Whereas the analysis leads to exclude the presence of multifractality, we provide evidence supporting the conclusion that the multifractional Brownian motion can represent a good candidate...
Persistent link: https://www.econbiz.de/10008755232
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Spillovers to and from the Nordic Economies: A Macroeconometric Model Based Analysis
Vitek, Francis - International Monetary Fund (IMF) - 2013
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...
Persistent link: https://www.econbiz.de/10010790263
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Central bank independence in another eleven countries
EIJFFINGER, S.; KEULEN, M. VAN - In: BNL Quarterly Review 48 (1995) 192, pp. 39-81
The rationale for the independence of central banks is the so-called 'Rules versus Discretion' debate, which is described in this article. Central bank independence is considered an effective measure against governments from manipulating policy instruments to spur short-term economic growth and...
Persistent link: https://www.econbiz.de/10010765202
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Central bank independence in another eleven countries
EIJFFINGER, S.; KEULEN, M. VAN - In: Banca Nazionale del Lavoro Quarterly Review 48 (1995) 192, pp. 39-81
The rationale for the independence of central banks is the so-called 'Rules versus Discretion' debate, which is described in this article. Central bank independence is considered an effective measure against governments from manipulating policy instruments to spur short-term economic growth and...
Persistent link: https://www.econbiz.de/10010765247
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A comparative analysis of coverage decisions for outpatient pharmaceuticals: Evidence from Denmark, Norway and Sweden
Grepstad, Mari; Kanavos, Panos - In: Health Policy 119 (2015) 2, pp. 203-211
pharmaceuticals in Denmark, Norway and Sweden, following HTA appraisals. A comparative analysis of all outpatient drug appraisals … appraisals between Norway and Sweden (free-marginal kappa 0.89). Similarities were found in priority setting principles, mode of … explicit in outpatient drug appraisals in Denmark than in Norway and Sweden, that all three countries could benefit from …
Persistent link: https://www.econbiz.de/10011190155
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You Get What You Pay For: How Nordic Cities Are Financed
Lotz, Jorgen - Institute of Municipal Finance and Governance (IMFG), … - 2012
The Nordic countries are small, unitary, and have largely homogeneous populations. Municipalities are the most important agents in the decentralized public sector and the middle tier (the county level) is losing importance. The expenditure of Nordic local authorities exceeds that in Canada by 10...
Persistent link: https://www.econbiz.de/10010555606