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Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative...
Persistent link: https://www.econbiz.de/10010492454
The paper focuses on the process of liberalization of the electricity market and its functioning in the EU. The European electricity market is in the middle of its transformation from a monopolistic state-owned production and distribution to privatized markets with various competing firms. The...
Persistent link: https://www.econbiz.de/10014159805
Persistent link: https://www.econbiz.de/10012890234
It has frequently been claimed that over-the-counter (OTC) derivatives were, by and large, not directly regulated in the largest markets immediately prior to the global financial crisis (GFC). While there is an element of truth in this contention, it betrays the more complex interactions between...
Persistent link: https://www.econbiz.de/10012940368
flexible regulation; 3. Flexible regulation: key scholarship; 4. Flexible regulation scholarship, 1980-2012; 5. Flexible … regulation and ideology; 6. Innovation as regulatory subject; 7. Seismic innovation; 8. Innovation as sedimentary layers; 9 … including equality and voice. Regulation is at the leading edge of politics and policy in ways not yet fully grasped. Seemingly …
Persistent link: https://www.econbiz.de/10013547079
that we need to recognize innovation, and financial innovation in particular, as a central challenge for regulation …. Regulation is at the leading edge of politics and policy in ways that we have not yet fully grasped. Seemingly innocuous … financial regulation as her primary example, Ford argues for a fresh approach to regulation, which recognizes innovation for the …
Persistent link: https://www.econbiz.de/10013285157
Two central discussions regarding regulation of the financial sector have been developing alongside each other: one … between the literature dealing with organizational design, public policy, and financial regulation. The main conclusion of … this paper is that in the field of financial regulation, a fragmented regulatory structure is better equipped to facilitate …
Persistent link: https://www.econbiz.de/10013034156
regulation by requiring more than twenty federal agencies to promulgate nearly 400 new rules. Scholars, regulated entities …
Persistent link: https://www.econbiz.de/10013083242
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346
Regulation to regulate the issuance of new rules; a Digital Assets Regulation legally defining Blockchain, Non-Fungible Token …
Persistent link: https://www.econbiz.de/10014349518