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In this paper, we analyze the specific national broadband plans which have been developed by some European governments to foster the deployment of next generation access networks, namely in France, Italy, and Portugal. In particular, we discuss the strategies adopted to achieve wide fibre...
Persistent link: https://www.econbiz.de/10008462053
The auditors’ independence is a concept intensively discussed both in specialized literature and on regular level. This work highlights the requirements imposed by the achievement of such a desideratum, starting from the double significance of the independence expressed in specialized...
Persistent link: https://www.econbiz.de/10008462772
selects four important new reform arrangements: autonomous hospitals; user fees; contracting out; and regulation or enablement …
Persistent link: https://www.econbiz.de/10008462824
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it. Recent competition policy reforms that strengthen enforcement of cartel law must now be...
Persistent link: https://www.econbiz.de/10008462847
In the recent years, in Romania the significant process of specialization for some credit institutions, appeared on the background of the improvement in the economic environment, determined the emergence of a more complex financial landscape that now comprises consumer finance societies,...
Persistent link: https://www.econbiz.de/10008464124
This paper discusses major initiatives from regulation in global financial markets in response to the current crisis …
Persistent link: https://www.econbiz.de/10008464394
The swing in favour of markets weakened regulation, created incentives for excessive risk-taking, and reduced … transparency and diversity. As a result, financial markets became more pro-cyclical. The right combination of regulation and …. Central Bank accommodation has been blamed for the crisis, but excessive leverage due to lax regulation was of a much greater …
Persistent link: https://www.econbiz.de/10008464408
This paper develops a simple model in which a regulated (upstream) transporter provides capacity to a marketer competing in output with an incumbent in the (downstream) gas commodity market. The equilibrium outcome of the firms' interaction in the downstream market is explicitly taken into...
Persistent link: https://www.econbiz.de/10008465298
The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through...
Persistent link: https://www.econbiz.de/10008465523
Remarks at the SW Graduate School of Banking 53rd Annual Keynote Address and Banquet, Dallas, Texas, June 3, 2010 ; "Let me make my sentiments clear: It is my view that, by propping up deeply troubled big banks, authorities have eroded market discipline in the financial system."
Persistent link: https://www.econbiz.de/10008465675