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Services liberalisation can be an emotive issue where the tertiary sector has been largely dominated by the state and where, consequently, its employees have civil-servant status. This applies as much in Asia as it has done in Europe. Despite this reality, however, it can be shown that services...
Persistent link: https://www.econbiz.de/10015054808
Most IEA countries are liberalising their electricity markets, shifting the responsibility for financing new investment in power generation to private investors. No longer able to automatically pass on costs to consumers, and with future prices of electricity uncertain, investors face a much...
Persistent link: https://www.econbiz.de/10015054824
Modernisation of service industries and the expansion of international trade have been important elements of the reform process in the Baltic States, aimed at establishing a business-friendly and pro-competitive environment for services in Estonia, Latvia and Lithuania
Persistent link: https://www.econbiz.de/10015054848
Rail transport accounts for 80% of all freight in Russia and its performance is critical to overall economic growth. Though the railways have been starved of investment they are now in the process of rapid reform, and maintaining momentum will be crucial
Persistent link: https://www.econbiz.de/10015054851
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The new regulation was introduced to the franchise market of South Korea in that an applicant who wants to be a … purpose of the regulation, it is inferred that once franchisers run their own stores, their franchisees would be better off … regulation. Along the line, this paper investigates whether franchisees would have a more likelihood to make profit in case of …
Persistent link: https://www.econbiz.de/10015054149
This paper studies the mid-September 2019 stress in U.S. money markets: On September 16 and 17, unsecured and secured funding rates spiked up and, on September 17, the effective federal funds rate broke the ceiling of the Federal Open Market Committee (FOMC) target range. We highlight two...
Persistent link: https://www.econbiz.de/10012619495
Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct legal entities and across a range of geographies. While such complexity raises the costs of bank resolution when organizations fail, the effect of complexity on BHCs' broader...
Persistent link: https://www.econbiz.de/10012619507
Economists have extensively analyzed the regulation of banks and the banking industry, but have devoted considerably … "supervision" and "regulation" interchangeably. This paper provides a heuristic review of the economics literature on … activity distinct from regulation (rulemaking) is just now emerging and has considerable room to grow. Meanwhile, the empirical …
Persistent link: https://www.econbiz.de/10012619529