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In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are smaller than within each region. We then show that European...
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More than half of the World Trade Organization (WTO)-notified services trade agreements (STAs) in effect since 2008 …) determinants of preferential trade agreements and using the World Bank's database on the restrictiveness of domestic services … results suggest that countries within Asia that are more remote from the rest of the world and that have similar economic …
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The global transition towards sustainable, secure, and affordable electricity supply is driving changes in the consumption, production, and transportation of electricity. This paper shows the different policy aims that are promoted with smart grids in Europe, the United States, and China. In all...
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requiring a higher CSR level by regulation while preserving competition always gives higher within-market welfare. …
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