Showing 1 - 10 of 10,878
Carbon leakage is one of the major issues facing policymakers today when designing environmental regulation. While the … that rather than being a byproduct of unsuccessful regulation, carbon leakage may be the optimally induced outcome of … incentive compatible regulation, contrasting with the received wisdom in policy debate. …
Persistent link: https://www.econbiz.de/10014389026
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …
Persistent link: https://www.econbiz.de/10011458020
This paper focuses on the consequences of cross-border banking and entry of multi-national banks (MNBs) for banking … supervision and regulation. When a MNB expands internationally with subsidiaries, the MNB operates under the legislation of … left to the national regulators. An important issue is whether the decentralized approach to regulation of MNBs creates …
Persistent link: https://www.econbiz.de/10011508005
We analyse network competition in a market with international calls. National regulatory agencies (NRAs) have …. International network ownership and deregulation are alternatives to combat the incentives of NRAs to distort termination rates. We …
Persistent link: https://www.econbiz.de/10010247435
Persistent link: https://www.econbiz.de/10013261039
The future of Germanys electricity regulation is still an open question. This paper deals with alternative …
Persistent link: https://www.econbiz.de/10011475164
Financial markets are to a very large extent influenced by the advent of information. Such disclosures, however, do not only contain information about fundamentals underlying the markets, but they also serve as a focal point for the beliefs of market participants. This dual role of information...
Persistent link: https://www.econbiz.de/10009764767
This paper explores the role of information transmission in explaining donors ́choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a "delegation-scheme." Conversely, project...
Persistent link: https://www.econbiz.de/10010199746
This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...
Persistent link: https://www.econbiz.de/10010126407
We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...
Persistent link: https://www.econbiz.de/10003908576