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BSE in Germany in 2000. Due to the establishment of a large-scale private sector quality assurance scheme, regulation … discusses whether changes in regulation, administration, and liability standards have improved the effectiveness and the … allocative efficiency of German food safety regulation. …
Persistent link: https://www.econbiz.de/10008685044
We consider a monopolistic firm producing a good while polluting and using a fossil energy. This firm can adopt a clean technology by incurring an investment cost decreasing exponentially with the adoption date. This clean technology does not pollute and has a lower production cost because it...
Persistent link: https://www.econbiz.de/10008685155
This paper considers the stability of a financial system in which heterogenous banks interact through a lending market. We analyse a discrete time model in which households and banks are located on a circular city. Households present banks with risky investment opportunities, which banks fund...
Persistent link: https://www.econbiz.de/10008690906
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> The Union League of Philadelphia, October 20, 2010
Persistent link: https://www.econbiz.de/10008691070
policy factor, issue management factor, investment policy factor, macro-economic and regulatory factor, and market & issue …
Persistent link: https://www.econbiz.de/10008691284
Despite being in an increasingly globalized economy with markets located far and wide, regulatory authorities across national boundaries, while focusing on their own market yards, had been in the dark about what had been happening in markets across borders. If leveraging opportunities and opaque...
Persistent link: https://www.econbiz.de/10008691419
) for hedging purposes. Regulation is found to induce the risk-neutral bank to behave in a more risk-sensitive way: Compared … to a situation without regulation the optimal volume of loans decreases more as the riskiness of loans increases. CDS … trading is found to interact with the former effect when regulation accepts CDS as an instrument to mitigate credit risk …
Persistent link: https://www.econbiz.de/10008861994
The turmoil in the financial markets that had its roots in the 2007 US subprime crisis prompted government action all over the world motivated by contagion concerns, leaving a heavy bill for the tax payers to pick up. We find that a contributory regime based on contagion risk exposure changes...
Persistent link: https://www.econbiz.de/10008862796
Unlike in most Latin American cities, street vendors organized in farmers’ markets popularly known as ferias libres in Santiago de Chile, gained legal recognition early in the twentieth century. Since then, comunas, or local municipalities, have provided vendors with individual licenses that...
Persistent link: https://www.econbiz.de/10008862798
In what ways can changes to the structure of regulation (as well as other regulatory reforms) mitigate the effects of …
Persistent link: https://www.econbiz.de/10008866155