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necessarly more capable to absorb the shocks. Concerning the regulation authorities these must stay vigilant and flexible, to …
Persistent link: https://www.econbiz.de/10008556668
The document is an analytical report on the impact of structural reforms in the Bolivian electricity industry initiated in 1994-95. With the Capitalization Law, the Regulatory System Law and the Electricity Law in particular, the electricity industry experimented a new structure including an...
Persistent link: https://www.econbiz.de/10008557259
telecommunications industry is in transition to full liberalization in 2001, with current active regulation. …
Persistent link: https://www.econbiz.de/10008557268
Prior to the 2008 global credit crisis, some developments had occurred in the regulation of the insurance industry … worldwide. At different speeds, the world was heading toward a more risk-based solvency regulation and some convergence on … industry focuses on its insurance business, the argument for specialized regulation and the continuity of a conservative and …
Persistent link: https://www.econbiz.de/10008557269
The document is an analytical report on the initial results of the impact of structural reforms on investment for the period 1980-97 in general and the more recent structural reforms in the infrastructure industries in particular. In the context of these reforms it explores the connection...
Persistent link: https://www.econbiz.de/10008557270
We put forward a modern version of the ‘developmental’ view of government-owned banks which shows that the combination of information asymmetries and weak institutions creates scope for such banks to play a growth-promoting role. We present new cross-country evidence consistent with our...
Persistent link: https://www.econbiz.de/10008642135
Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA’s authority under the Clean Air Act. The prospect of federal action raises important questions regarding the interconnections between federal efforts and state-level climate policy...
Persistent link: https://www.econbiz.de/10008642159
This chapter was sponsored by the Office of the Chief Economist of the InterAmerican Development Bank. The author worked as a consultant for this office when the chapterwas prepared. Ulpiano Ayala, Armando Montenegro and Luis Alvaro Sanchez reviewed the first draft and offered very helpful...
Persistent link: https://www.econbiz.de/10008642777
Staatliche Banken können eine wichtige Rolle bei der Sicherung der Funktionsfähigkeit von Finanzsystemen und für die gesamtwirtschaftliche Entwicklung spielen. Dies gilt offenbar vor allem dann, wenn die Bankenregulierung schwach ist und Banken nicht ausreichend überwacht werden. Die...
Persistent link: https://www.econbiz.de/10008643692
We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti …-competitive regulation see a better economic performance of manufacturing industries using less-regulated services more intensively. Our … results indicate that lower service regulation translates into faster value added, productivity, and export growth of …
Persistent link: https://www.econbiz.de/10005113605