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The paper examines the applicability of GDP-linked bonds for the financing of developing countries and emerging markets. GDP-linked bonds are bonds of which the coupon and/or redemption payments are tied to the GDP of the issuing country. The study encompasses a detailed empirical analysis of...
Persistent link: https://www.econbiz.de/10010297388
This paper compares electricity market reforms in the European Union with reforms in Chile and Brazil. The paradigm of competitive market structures for the electricity sector, as developed in the economics literature, is outlined: competitive markets in generation and retailing and an...
Persistent link: https://www.econbiz.de/10010297980
Persistent link: https://www.econbiz.de/10010301056
Persistent link: https://www.econbiz.de/10010301092
The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous 'Great Depression' of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...
Persistent link: https://www.econbiz.de/10010302522
Local conservation efforts are often related to benefits at higher governmental levels. On the one hand, these efforts are strongly connected to local land-use decisions. On the other hand, activities such as sustainable water management or biodiversity conservation are associated with regional,...
Persistent link: https://www.econbiz.de/10010304527
Der Cruzado-Plan vom Februar 1986, der Brasilien schlagartig Preisniveaustabilität ohne eine Stabilisierungskrise … verschaffen sollte, ist gescheitert. Seitdem sind etwas mehr als zwei Jahre vergangen, und Brasilien weist nicht nur wieder - wie … dessen geriet Brasilien in eine Krise mit stagflationärem Charakter: Das öffentliche Defizit, dessen Inflationswirkungen …
Persistent link: https://www.econbiz.de/10010305322
Zu Beginn dieses Jahres befand sich Brasilien mit monatlichen Inflationsraten von über 14 vH am Rande einer …
Persistent link: https://www.econbiz.de/10010305323
Persistent link: https://www.econbiz.de/10011324359
The economic literature of property rights has been assessing the impact of different community based arrangements on the efficiency of natural resource management of specific areas. Differently, other strands of development economics and policy-oriented research have been concerned with issues...
Persistent link: https://www.econbiz.de/10011324937