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Defining investment additionality for CDM projects: Practical approaches

Langrock, Thomas; Michaelowa, Axel; Greiner, Sandra - 2000

The environmental integrity of the CDM under the Kyoto Protocol depends on the possibility to avoid giving emission credits to projects that would have happened anyway. Whether and how ?Investment Additionality? of CDM projects has to be determined is currently part of climate negotiations. We...

Persistent link: https://www.econbiz.de/10010295606

Culture and finance in a globalised world – An uneasy relation

Reszat, Beate - 2000

thereby also perhaps their influence on the culture world: The ever-increasing proportion of financial decisions made in so …-called 'non-places' and the role of finance in a virtual world. … Finanzzentren der Welt in immer stärkerem Wettbewerb zueinander stehen, und Kultur ist ein bestimmendes Element der …

Persistent link: https://www.econbiz.de/10010295611

Why do we need a general agreement on movements of people (GAMP)?

Straubhaar, Thomas - 2000

This paper argues that global games need global rules. Times of globalisation call for an international framework to regulate efficiently international movements of people. More than ever before, migration is a global phenomenon. This paper discusses the economic necessity of a shift from...

Persistent link: https://www.econbiz.de/10010295618

Budgetary Policy and Unemployment Dynamics

von Thadden, Leopold; Kaas, Leo - 2001

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment dynamics are affected by two types of budgetary policies. In line with traditional reasoning, a balanced-budget rule amplifies fluctuations in the short run, whereas an...

Persistent link: https://www.econbiz.de/10010295705

Comparing the value revelance of R&D reporting in Germany: standard and selection effects

Ramb, Fred; Reitzig, Markus - 2005

On the basis of accounting and market data for firms and groups listed on German stock exchanges between 1997 and 2003, we show that the value relevance of R&D information under German accounting standards can be superior to that provided by US-GAAP and IAS. The results, obtained while...

Persistent link: https://www.econbiz.de/10010295781

How good are dynamic factor models at forecasting output and inflation? A meta-analytic approach

Ziegler, Christina; Eickmeier, Sandra - 2006

estimation technique seems to matter as well. Other potential determinants - namely whether forecasters rely on a balanced or an …

Persistent link: https://www.econbiz.de/10010295831

The welfare effects of inflation: a cost-benefit perspective

Tödter, Karl-Heinz; Manzke, Bernhard - 2007

This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More...

Persistent link: https://www.econbiz.de/10010295870

A value at risk analysis of credit default swaps

Scheicher, Martin; Raunig, Burkhard - 2008

We study the risk of holding credit default swaps (CDS) in the trading book. In particular, we compare the Value at Risk (VaR) of a CDS position to the VaR for investing in the respective firm's equity. Our sample consists of CDS – stock price pairs for 86 actively traded firms over the period...

Persistent link: https://www.econbiz.de/10010295949

Perspectives on the World Income Distribution: Beyond Twin Peaks Towards Welfare Conclusions

Weisbrod, Julian; Vollmer, Sebastian; Holzmann, Hajo - 2007

This paper contributes towards the growing debate concerning the world distribution of income and its evolution over …

Persistent link: https://www.econbiz.de/10010296043

Globalisierung und gesellschaftliche Naturverhältnisse

von Winterfeld, Uta; Müller, Christa; Katz, Christine - 2004

Der neoliberalen Globalisierung liegen Rationalitätsmuster zugrunde, die weder neu noch liberal sind. Dies gilt für herrschaftliches Denken über Natur (als Ressource) ebenso wie für den sich verstärkenden Zugriff auf Naturgüter und die Ausblendung reproduktiver Elemente aus der Debatte...

Persistent link: https://www.econbiz.de/10010296135