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Welfare effects of financial integration

Hartmann, Philipp; Grüner, Hans Peter; Fecht, Falko - 2007

This paper compares four forms of inter-regional financial risk sharing: (i) segmentation, (ii) integration trough the secured interbank market, (iii) integration trough the unsecured interbank market, (iv) integration of retail markets. The secured interbank market is an optimal risk-sharing...

Persistent link: https://www.econbiz.de/10010295930

Regulatory capital for market and credit risk interaction: is current regulation always conservative?

Breuer, Thomas; Jandacka, Martin; Rheinberger, Klaus; … - 2008

In the work of the Basel Committee there has been a tradition of distinguishing market from credit risk and to treat both categories independently in the calculation of risk capital. In practice positions in a portfolio depend simultaneously on both market and credit risk factors. In this case,...

Persistent link: https://www.econbiz.de/10010295951

Direct Democracy for a Living Constitution

Frey, Bruno S. - 2004

The development of the constitution must be based on the rule of law. Direct democratic rights allow citizens to participate in the amendment process. The direct democratic process of institutional change is theoretically and empirically analyzed. A number of counter arguments and issues for a...

Persistent link: https://www.econbiz.de/10010296183

Heterogenity in the Intergenerational Transmission of Educational Attainment: Evidence from Switzerland on Natives and Second

Bauer, Philipp C.; Riphahn, Regina T. - 2005

This study applies rich data from the 2000 Swiss census to investigate the patterns of intergenerational education transmission for natives and second generation immigrants. The level of secondary schooling attained by youth aged 17 is related to their parents' educational outcomes using data on...

Persistent link: https://www.econbiz.de/10010296387

Forecasting monetary policy in Switzerland: Some empirical assistance

Hock, Thorsten; Zimmermann, Patrick - 2005

This paper provides empirical assistance in forecasting monetary policy in Switzerland. After the introduction, we provide a descriptive analysis of the four cycles of rising interest rates from 1979 to 2003. It is apparent that the individual cycles diverge to greater or lesser degrees from the...

Persistent link: https://www.econbiz.de/10010296538

Social Health Insurance: the major driver of unsustainable fiscal policy?

Hagist, Christian; Klusen, Norbert; Plate, Andreas; … - 2005

During the next decades the populations of most developed countries will grow older as a result of the low level of birth rates since the 1970s and/or the continuously increasing life expectancy. We show within a Generational Accounting framework how unsustainable the public finances of France,...

Persistent link: https://www.econbiz.de/10010296858

Risk Selection and Complementary Health Insurance: The Swiss Approach

Kifmann, Mathias - 2005

A common approach to avoid risk selection in health insurance markets is to define and enforce a community-rated basic benefit package. The market for complementary insurance is usually completely separate from the market for basic health insurance. In Switzerland, however, the basic benefit...

Persistent link: https://www.econbiz.de/10010296872

Optimal cost reimbursement of health insurers to reduce risk selection

Kifmann, Mathias; Lorenz, Normann - 2005

In the absence of a perfect risk adjustment scheme, reimbursing health insurers' costs can reduce risk selection in community-rated health insurance markets. In this paper, we develop a model in which insurers determine the cost efficiency of health care and have incentives for risk selection....

Persistent link: https://www.econbiz.de/10010296873

Competition in Social Health Insurance: A Three-Country Comparison

Greß, Stefan - 2004

The objectives guiding health care reforms in Germany, Switzerland and the Netherlands were to increase efficiency and consumer satisfaction in the provision of health care services. This paper sums up incentives and instruments of competition for consumers, sickness funds and health care...

Persistent link: https://www.econbiz.de/10010296988

Wettbewerb der Steuersysteme in Europa - eine vergleichende Analyse am Beispiel der Region Oberrheingraben unter Einbeziehung aktueller Reformvorschläge

Eckerle, Tobias H. - 1997

Oberrheingraben und die dahinter stehenden Steuersysteme Deutschlands, Frankreichs und der Schweiz zu untersuchen und zu überprüfen … Schweiz durchweg am geringsten ist. Betrachtet man die Steuerbelastung auf Unternehmensebene, so werden deutsche … der Region überall weitgehend das gleiche Niveau aufweist. Dagegen können in Frankreich und der Schweiz je nach Gemeinde …

Persistent link: https://www.econbiz.de/10010297562