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The Crisis in Telecommunications Carrier Liability addresses the important public policy issues underlying liability … compatibility in achieving other public policy objectives, such as universal service, imposed on the telecommunications industry … under the Telecommunications Act of 1996. This book offers the industry and policymakers, as well as those hoping to …
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In Asia, commercial banks are already playing an important role in the corporate bond market as issuers, underwriters, investors, and guarantors. This reflects banks' dominance of their financial markets, their high reputation, and the informational advantages they enjoy. Thus, banks should be...
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This paper analyzes whether the financial distress of a firm affects the investment decisions of non-distressed competitors. On average, firms in distress impose indirect costs to non-distressed competitors by increasing costs of credit in the industry and hence restricting credit access and...
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The constitutional conception of market integration within the European Union entails creating a level playing field for competition in the consolidated banking sector. The financial crisis of 2008 brought with it the need to proceed with care as it rolled back the gains of improving competitive...
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