We study supervisory interventions in cross-border banks under different institutional architectures in a model in which a bank may provide voluntary support to an impaired subsidiary using resources from a healthy subsidiary. While a supranational architecture permits voluntary support, a...

We analyze the design of bailout regimes when investment is distorted by a too-many-to-fail problem. The first-best allocation equalizes benefits from more banks investing in high-return projects with endogenously higher systemic risk due to more banks failing simultaneously. A standard bailout...

Waste-to-energy (WTE) incineration provides an efficient and environmentally friendly method of disposing of municipal waste. However, the planning and construction of WTE incineration projects are prone to generate strong opposition from neighbors. From a risk communication perspective, this...

Purpose – This study empirically examines the effect of shop-floor communication on implementation effectiveness of process management practices, and on the corresponding quality performance gained through process management implementation. It deals with four types of communication on the shop...

We suggest to use a factor model based backdating procedure to construct historical Euro-area macroeconomic time series data for the pre-Euro period. We argue that this is a useful alternative to standard contemporaneous aggregation methods. The paper investigates for a number of Euro-area...

Including disaggregate variables or using information extracted from the disaggregate variables into a forecasting model for an eco- nomic aggregate may improve the forecasting accuracy. In this paper we suggest to use boosting as a method to select the disaggregate variables which are most...

type="main" xml:id="obes12053-abs-0001" <title type="main">Abstract</title> <p>We suggest to use a factor model based backdating procedure to construct historical Euro-area macroeconomic time series data for the pre-Euro period. We argue that this is a useful alternative to standard contemporaneous aggregation methods. The...</p>

This paper analyzes the impact of industrialization on grain consumption from growth of residents’ income and change of diet structure, expansion of size of population, and development of new biomass energy industry. The economic growth in the course of industrialization promotes growth...