Showing 1 - 10 of 87,641
This paper presents a policy proposal for building a new framework for gathering, measuring and disclosing financial … risk information in the global economy. The paper examines the current state of the financial risk framework, notes its … place. The proposed open-source financial risk model separates the dual function that internal risk models perform within …
Persistent link: https://www.econbiz.de/10011163501
We consider the problem faced by a decision maker who can switch between two random payoff flows. Each of these payoff flows is an additive functional of a general 1D Ito diffusion. There are no bounds on the number or on the frequency of the times at which the decision maker can switch, but...
Persistent link: https://www.econbiz.de/10010745179
To increase inward foreign direct investment (FDI), policy makers increasingly resort to the ratification of double taxation treaties (DTTs). However, the effectiveness of DTTs in inducing higher FDI is still open to debate, as the empirical evidence of existing studies is anything but...
Persistent link: https://www.econbiz.de/10010745693
This paper analyses the design of carbon markets in time (i.e., intertemporally). It is part of a twin set of papers that ask, starting from first principles, what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of...
Persistent link: https://www.econbiz.de/10011126649
.a. But the financial crisis and the Great Recession which began in Spring 2008 have dealt this optimistic picture a … financial crises, particularly banking crises, on productivity, capital, TFP and employment. Based on a cross-country panel …
Persistent link: https://www.econbiz.de/10011126541
for the financial crisis was inadequate and ineffective regulation and supervision of the financial markets. One of the … difficulties in financial regulation is how to ensure that differing and contradictory positions are given a balanced hearing … recognized the need to put "the interests of European investors, consumers and SMEs at the centre of the financial markets reform …
Persistent link: https://www.econbiz.de/10013072210
Persistent link: https://www.econbiz.de/10013073172
the concept of public and private domains in constitutional law and economics, the private fund regulation will be … regulation may be justified. This paper further studies the two-pronged approach to addressing risk spillovers in the Dodd …-Frank act in light of the public-private dichotomy. First, the recent extension of government regulation to directly regulate …
Persistent link: https://www.econbiz.de/10013075089
The paper works with a sample of 95 newly privatized firms (NPFs) that went public through stock markets in four Middle East and North Africa countries (Egypt, Morocco, Tunisia and Turkey). We find that these firms experience significant increase in profitability and operating efficiency, and...
Persistent link: https://www.econbiz.de/10012734152
funds in a globally-fragmented financial regulatory framework.Despite its benefits, regulatory arbitrage involves certain … arbitrage for hedge funds in comparison to other financial services providers and mainstream financial institutions, and make it … funds directly, the strategies for regulation should focus on indirect regulation of the funds through their counterparties …
Persistent link: https://www.econbiz.de/10012974012