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regulators and their regulated population face incentives to make the firms and the interests connected with them more alike and …
Persistent link: https://www.econbiz.de/10012778192
Chapter 1 Introduction -- Part I: Theoretical Background -- Chapter 2 Lobbying – A Public Choice Perspective -- Chapter … 3 Lobbying from the Perspective of Behavioral Political Economy -- Chapter 4 Policy Failure and Lobbying -- Chapter 5 … Lobbying and Macroeconomic Development -- Part II: Channels of Influence and their Regulation -- Chapter 6 Informational …
Persistent link: https://www.econbiz.de/10014451768
In this paper we examine the relationship between the default risk of banks and sovereigns, i.e. the 'doom-loop'. Specifically we try to assess the effectiveness of the implementation of the new recovery and resolution framework. We use a panel with daily data on European banks and sovereigns...
Persistent link: https://www.econbiz.de/10011482170
In this paper, we describe the development and current status of anti-manipulation rules as they apply to wholesale electricity and natural gas markets in the United States and the European Union, including the institutions that are responsible for overseeing these rules. We then compare and...
Persistent link: https://www.econbiz.de/10013091121
The cost to merchants of taking payment on debit cards declined by more than $7 billion annually as a result of the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, while the effective cost to issuers of providing debit card services to consumers...
Persistent link: https://www.econbiz.de/10013074147
In the United States and the European Union (EU), political incentives to oppose cross-border banking have been strong in spite of the measurable benefits to the real economy from breaking down geographic barriers. Even a federal-level supervisor and safety net are not by themselves sufficient...
Persistent link: https://www.econbiz.de/10011382232
Market risks account for an integral part of insurers’ risk profiles. We explore market risk sensitivities of insurers in the U.S. and Europe. Based on panel regression models and daily market data from 2012 to 2018, we find that sensitivities are particularly driven by insurers’ product...
Persistent link: https://www.econbiz.de/10014349462
Market risks account for an integral part of life insurers' risk profiles. This paper explores the market risk sensitivities of insurers in two large life insurance markets, namely the U.S. and Europe. Based on panel regression models and daily market data from 2012 to 2018, we analyze the...
Persistent link: https://www.econbiz.de/10012624933
This paper explores the impacts of key policy actions by US and European authorities on stock returns of systemically important banks in Europe and US around the subprime crisis. We find that the US policy announcements had a stronger impact on the European and US banking industry than the...
Persistent link: https://www.econbiz.de/10013090422
Persistent link: https://www.econbiz.de/10011616984