Showing 1 - 10 of 34,709
We revisit key elements of European power market design with respect to both short term operation and longer-term investment and re-investment choices. For short term markets, the European policy debate focuses on the definition of common interfaces, like for example gate closure time. We argue...
Persistent link: https://www.econbiz.de/10010488271
With the introduction of incentive regulation in many network industries, different approaches how to remunerate … invested capital have been used. Under incentive regulation, many regulators remunerate the regulated asset base with a ….e. finding the right balance between equity financing and debt. Taggert (1981) shows that rate-of-return regulation creates an …
Persistent link: https://www.econbiz.de/10010430806
This paper reviews the cost-benefit analysis, or “regulatory impact analysis” (RIA), in US bank regulators’ risk-based capital (RBC) rule proposals. We review the principles of cost-benefit analysis and its application by US bank regulators. We provide a brief background on RBC rules and...
Persistent link: https://www.econbiz.de/10012417012
Since the beginning of the financial crisis, one of the key challenges of the economic policy has been to boost the growth of firms, particularly in the CEE region. Various research has showed that obstacles limiting and boosters enhancing companies’ development potential differ across...
Persistent link: https://www.econbiz.de/10011695317
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations …
Persistent link: https://www.econbiz.de/10012205633
criticism. This was associated with stricter regulatory requirements to ease the situation. The EU-Regulation on credit rating … agencies ("CRA-Regulation") coming into force 2009 and its amendments in 2011 and in 2013 have mainly governed such regulation … rating market in the context of the CRA-Regulation. Selected key figures are used to observe over a defined period of time if …
Persistent link: https://www.econbiz.de/10012542964
We examine whether the uncertainty related to environmental, social, and governance (ESG) regulation developments is … reflected in asset prices. We proxy the sensitivity of firms to ESG regulation uncertainty by the disparity across the …
Persistent link: https://www.econbiz.de/10014486619
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …
Persistent link: https://www.econbiz.de/10014477386
Persistent link: https://www.econbiz.de/10011696601
equity capital at financial institutions, and, finally, systemic effects of prudential regulation created a detrimental … interdependence and transparency. -- Mortgage Securitization ; Subprime-Mortgage Financial Crisis ; Systemic Risk ; Banking Regulation …
Persistent link: https://www.econbiz.de/10003861951