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How to fill the digital gap? : the (limited) role of regulation
Briglauer, Wolfgang; Cambini, Carlo; Melani, Sauro - 2016
This paper provides evidence on the migration from an “old” technology to a “new” technology, taking into account the impact that regulatory interventions on the old one might have on the incentives to invest and adopt the new one. This analysis has been applied to a sample of EU27...
Persistent link: https://www.econbiz.de/10011409765
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What explains aggregate telecom investments? : evidence from an EU-OECD panel
Friesenbichler, Klaus S. - 2019
This paper analyses the determinants of aggregate per-capita investments into the telecom sector. We provide results of panel econometric estimates for EU and OECD countries covering the period from 2005 to 2013. The findings show a positive effect of infrastructure-based competition between...
Persistent link: https://www.econbiz.de/10012023645
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Bank lobbying : regulatory capture and beyond
Igan, Deniz; Lambert, Thomas - 2019
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...
Persistent link: https://www.econbiz.de/10012103556
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Regulation, financial crises, and liberalization traps
Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012030889
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Financial inclusion, financial regulation, and education in Bangladesh
Khalily, M. A. Baqui - 2016
Like in many other countries, inclusive finance for inclusive growth has become a policy issue in Bangladesh following the global financial crisis in 2008. Over the past 10 years, intensity of financial deepening and access to financial services has increased. Both banks and microfinance...
Persistent link: https://www.econbiz.de/10011576821
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Investors' appetite for money-like assets : the money market fund industry after the 2014 regulatory reform
Cipriani, Marco; La Spada, Gabriele; Mulder, Philip - 2017
We document the reaction of money market fund (MMF) investors and portfolio managers to a new SEC regulation that came … into effect in October 2016. This regulation forces all prime and municipal MMFs to adopt a system of redemption gates and … by the new regulation, as opposed to traditional flight-to-safety motives. Third, the outflow from prime and muni MMFs …
Persistent link: https://www.econbiz.de/10011667713
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Use of long-term auctions for network investment
McDaniel, Tanga; Neuhoff, Karsten - 2003
Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...
Persistent link: https://www.econbiz.de/10011591157
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The credit rating agencies : an analysis through the lenses of industrial organization, finance, and regulation
White, Lawrence J. - 2016
Persistent link: https://www.econbiz.de/10011535404
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Regulation and regulatory risk in the face of large transmission investment
Brunekreeft, Gert; Meyer, Roland - 2011
-based regulation to strengthen the necessary investment incentives. Regulatory emphasis is shifting from costreductions to promoting …
Persistent link: https://www.econbiz.de/10010423164
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Unbundling of electricity transmission system operators in Germany : an experience report
Brunekreeft, Gert; Goto, Mika; Meyer, Roland; Maruyama, … - 2014
The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and the long-term impact on competition in the...
Persistent link: https://www.econbiz.de/10010423531