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Total notional principal outstanding for single-name credit default swaps (CDSs) based on corporate and sovereign reference entities grew significantly through June 2011, but, following the global credit crisis and Eurozone sovereign debt crisis, notional amounts on single-name CDSs outstanding...
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We provide an overview of the rapidly evolving literature on shadow credit intermediation. The shadow banking system consists of a web of specialized financial institutions that conduct credit, maturity, and liquidity transformation without direct, explicit access to public backstops. The lack...
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This paper deals with the effects of publicly funded research on regional technological progress and economic growth … further extend the existing empirical literature on the role of publicly funded research for economic development by … differentiating between public research activities conducted by universities, technical colleges (Fachhochschulen) and non …
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decision to invest in research and development towards greener technologies is influenced by environmental policies in a world …-saving technologies. Policies studied are e.g. energy taxes and quotas as well as research subsidies. …
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