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Alcoholic Beverages and Cigarettes: Complements or Substitutes? A Pseudo Panel Approach
Koksal, Aycan; Wohlgenant, Michael - 2011
In this paper, using pseudo panel data we analyze the relation between cigarette and alcoholic beverage consumption … other way around. Moreover, we found that alcohol is a gateway for cigarette which further supports our conclusion … concerning the reinforcing effect of alcohol consumption on cigarette consumption. We believe that drinking works as a trigger …
Persistent link: https://www.econbiz.de/10009443723
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14.54 International Trade, Fall 2005
Lorenzoni, Guido - 2005
Introduction to the theory of international trade and finance with applications to current policy issues. From the … course home page: Course Description The course will help us understand what determines the flow of goods across countries, i …
Persistent link: https://www.econbiz.de/10009432089
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14.452 Macroeconomic Theory II, Spring 2002
Blanchard, Olivier - 2002
non trivial investment decisions Allowing for two goods Introducing money Introducing price setting Introducing staggering …
Persistent link: https://www.econbiz.de/10009433258
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Credit Insurance in Europe - Impact, Measurement & Policy Recommendations. CEPS Reports in Finance and Banking No. 31, 1 February 2003
San Jose Riestra, Ampara. - 2003
The report provides evidence of low protection of companies against the risks of the lack of payment from their buyers and the impact of bad debts in their financial situation, which is especially harmful for SMEs. While most of commercial trade is carried out on the basis of credit, the...
Persistent link: https://www.econbiz.de/10009463736
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Integrating Europe’s Retail Banking Market: Where Do We Stand? CEPS Reports in Finance and Banking No. 38(?), 15 October 2007
Kleimeier, Stefanie; Sander, Harald. - 2007
This report surveys recent empirical research on the state and development of retail banking integration in Europe. It finds a broad consensus that retail banking integration is still limited, although integration seems to have gained momentum more recently. At the same time, the survey finds...
Persistent link: https://www.econbiz.de/10009463762
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The Need for Transparency in Commodity and Commodity Derivatives Markets. ECMI Research Report No. 3, 15 December 2008
Cinquegrana, Piero. - 2008
This paper argues that transparency-boosting measures specifically tailored to commodity and commodity derivatives markets are much needed. In particular, encouraging the creation of a clearing infrastructure for OTC commodity and commodity derivatives markets would be desirable. Moreover, EU...
Persistent link: https://www.econbiz.de/10009463763
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Concrete Steps towards More Integrated Financial Oversight: The EU’s Policy Response to the Crisis. CEPS Task Force Reports, 1 December 2008
Lannoo, Karel. - 2008
The financial crisis exposed dangerous weaknesses in the regulatory and oversight structure that need to be urgently corrected to restore confidence in the financial system and to keep the single market alive. Towards this end, this CEPS Task Force report puts forward three main policy...
Persistent link: https://www.econbiz.de/10009463765
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The future of the eurozone and gold. CEPS Special Report, 3 September 2010
Alcidi, Cinzia; De Grauwe, Paul; Gros, Daniel; Oh, Yonghyup. - 2010
This report considers four short-term, alternative scenarios for the eurozone and analyses their possible implications for global economic trends and the gold market. Overall, the main findings suggest that in the near future, motives other than inflation hedging will be the main drivers of gold...
Persistent link: https://www.econbiz.de/10009463776
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A Survey of the European IPO Market. CEPS ECMI Research Reports No. 2, 18 August 2008
Gajewski, Jean-Francois.; Gresse, Carole. - 2008
Based on a sample of 15 European countries, this survey analyses various features of the European IPO (Initial Public Offering) market over the period from 1995 to 2004: listing requirements, IPO-mechanism choices, performance and secondary market liquidity. First, the comparison of national...
Persistent link: https://www.econbiz.de/10009463777
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Retail Loans and Basel II: Using Portfolio Segmentation to Reduce Capital Requirements. ECRI Research Report No. 8, 20 August 2006
Kaltofen, Daniel.; Paul, Stephan.; Stein, Stefan. - 2006
The key concept underlying the Basel II framework for risk measurement and corresponding equity capital standards is that the existing regulations pertaining to credit risk will be individualised through reference to the internal ratings of banks. In accordance with the regulatory guidelines,...
Persistent link: https://www.econbiz.de/10009463778