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Pension benefit security: a comparison of solvency requirements, a pension guarantee fund and sponsor support

Broeders, Dirk; Chen, An - de Nederlandsche Bank - 2010

Developed countries apply different security mechanisms in regulation to protect defined pension benefits: solvency …

Persistent link: https://www.econbiz.de/10008763230

The governance of financial regulation: reform lessons from the recent crisis

Levine, Ross - Bank for International Settlements (BIS) - 2010

There was a systemic failure of financial regulation: senior policymakers repeatedly enacted and implemented policies …

Persistent link: https://www.econbiz.de/10008763380

The Economics of Network Neutrality

Economides, Nicholas; Hermalin, Benjamin - NET Institute - 2010

Pricing of Internet access has been characterized by two properties. Parties are directly billed only by the Internet Service Provider (ISP) through which they connect to the Internet and the ISP charges them on the basis of the amount of information transmitted rather than its content. These...

Persistent link: https://www.econbiz.de/10008763998

The awarding of public works in Italy: an analysis of the mechanisms for the selection of contractors

Decarolis, Francesco; Giorgiantonio, Cristina; … - Banca d'Italia - 2010

Despite successive reforms, public procurement in Italy is still highly fragmented and vulnerable to collusion, corruption and ex-post renegotiation. Other defects are found in the planning stages of the works. These problems are due in part to the regulations on the awarding of public works...

Persistent link: https://www.econbiz.de/10008764021

Risk allocation and incentives for private contractors: an analysis of Italian project financing contracts

Cori, Rosalba; Giorgiantonio, Cristina; Paradisi, Ilaria - Banca d'Italia - 2010

Based on the economic literature and international comparison, the paper examines the adequacy of the terms of Italian project financing contracts to build and operate public works, and identifies potential areas for improvement. We analyze the main contractual content of the public works...

Persistent link: https://www.econbiz.de/10008764022

Regulatory Fog: The Informational Origins of Regulatory Persistence

Warren, Patrick; Wilkening, Tom - Department of Economics, Faculty of Business and Economics - 2010

Compared with other types of policy, regulation is very persistent, even when inefficient. We propose an explanation … for regulatory persistence based on regulatory fog,the phenomenon by which regulation obscures information about the eects … of deregulation. We construct a dynamic model of regulation in which the underlying need for regulation varies …

Persistent link: https://www.econbiz.de/10008764265

Consumer testing informs policy: overdraft regulation as a case study

Keitel, Philip - Federal Reserve Bank of Philadelphia - 2010

In November 2009, the Board of Governors of the Federal Reserve System issued regulations that protect consumers from being charged certain fees when, under a discretionary overdraft service, financial institutions pay transactions from a deposit account that contains insufficient funds. Under...

Persistent link: https://www.econbiz.de/10008764421

Reforming China's Monetary Policy Framework to Meet Domestic Objectives

Conway, Paul; Herd, Richard; Chalaux, Thomas - Economics Department, Organisation de Coopération et … - 2010

As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant control over money market interest rates. With money market conditions increasingly influencing effective commercial lending rates, the PBoC is also able to affect the cost of...

Persistent link: https://www.econbiz.de/10008764467

Gas Release and Transport Capacity Investment as Instruments to Foster Competition in Gas Markets

Chaton, Corinne; Gasmi, Farid; Guillerminet, Marie-Laure; … - Toulouse School of Economics (TSE) - 2010

Motivated by recent policy events experienced by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets. We consider a regional...

Persistent link: https://www.econbiz.de/10008764516

Eliciting the Regulation of an Economic System: The Case of the French Rail Industry

Ivaldi, Marc; Pouyet, Jérôme - Toulouse School of Economics (TSE) - 2010

Based on the modern theory of regulation, the analysis aims to characterize the effective economic regulation of the … French railway industry. The methodology consists in econometrically testing various scenarios of regulation and determining … operator (RO), SNCF, the two behavioral hypotheses of reference which we consider –absence of regulation of the rail operator …

Persistent link: https://www.econbiz.de/10008764520