In this paper we introduce the dynamic semiparametric factor model (DSFM) for electricity forward curves. The biggest advantage of our approach is that it not only leads to smooth, seasonal forward curves extracted from exchange traded futures and forward electricity contracts, but also to a...

Can African countries learn from the development experiences of other regions? Or are the continent’s development challenges unique? This paper looks at the development experience of the Nordic countries, especially Sweden, from the nineteenth century and discusses the extent to which the...

With its endless expanse of coniferous forests, mires and lakes, the Boreal Region forms part of a distinct band of vegetation which circles the entire northern hemisphere. Habitat types blend seamlessly into one another, creating a characteristic mosaic landscape of forests and wetlands. Along...

Great power politics in the Arctic are intensifying. The US, Russia and China are all strengthening their presence in the region. With the Arctic strategy of the Kingdom of Denmark presently in the process of being updated, this report analyses the assessments and strategies of Finland, Norway...

Bilateral diplomacy has become increasingly important in today's multipolar world. A number of cases are analysed in this DIIS Working Paper, where Nordic countries have been 'disciplined' in bilateral diplomacy by the emerging great powers of Russia, China, or India. Compared to the immediate...

The Open Access version of this book, available at https://www.taylorfrancis.com/books/e/9781351765633, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. In the 21st century, Norway, Denmark and Sweden remain the icons of fair societies, with...

In the context of the New Economics of Banking, the study analyses crossborder financial consolidation from the point of view of bank strategies. The main hypothesis of the work is that, in the present decade, the Pan-European landscape of the financial sector will be determined by what is...

Equality of opportunity has been one of the central ideas governing education policy in the Nordic welfare state. This paper takes its starting point in the shared history of educational reform in the Nordic countries, and presents evidence that the comprehensive school reforms that implied a...