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Recent power outages in Argentina are largely the result of transmission problems that could be solved by more … capacity. In a decentralized electricity market such as Argentina's the key to a successful transmission investment policy is …. Argentina is searching for a decentralized solution. This note outlines the options for its high-voltage network and proposes a …
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In a small open economy fluctuations in the real exchange rate can affect plant turnover, and thus aggregate productivity, by altering the makeup of plants that populate the market. An appreciation of the local currency increases the level of competition in the domestic market as import...
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We examine how euro conversion affected trading costs and volume in European equity markets. Euro conversion immediately changed tick sizes and price transparency, both of which could affect trading costs and relative trading volume. Longer-run, conversion could boost competition among...
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