We analyze whether financial integration will lead to lower national regulation of domestic banking activities. In our model, banks' efforts and public regulation can lower the probability of bankruptcy. We contrast the national case with an integrated banking market and find that banks will...

The paper discusses the relative role of private and public institutions in avoiding and dealing with the consequences of sovereign debt crises. Changes are required in the private sector as well as in the role and policy of the International Financial Institutions. Despite recent experiences...

The present study is a continuation of an earlier paper by the same author dealing with the economic debates in the Soviet Union between 1987 and 1991 (HWWA Discussion Paper 324; Europe-Asia Studies vol. 58, no. 2). After there had been a paradigm shift in Russian economics around 1990, in the...

This paper analyzes the determinants of international financial institutions (IFIs)’s lending decisions to Pakistan. At the example of three major IFIs, the World Bank, IMF and ADB, this paper suggests that political economic factors, notably bureaucratic interest of international civil...

In the Marrakech Accords, the international community established a complex set of rules for the CDM, including a project cycle, indicating certain important responsibilities for the host developing countries such as the approval of CDM projects. Hence, countries have to establish their approval...

This study discusses the concept of sustainability, in particular with respect to the CDM. In addition, based on cross-section interviews, the sustainability criteria for CDM projects in energy sectors in the studied countries are determined. These criteria could serve as a starting point for...

This study assesses the CDM potential in Benin, Burkina Faso, Niger and Togo. Morocco has been used as an example, as it is quite advanced in developing an impressive CDM project portfolio. The study focuses not only on the absolute greenhouse gas abatement potential of these countries, but also...

This paper deals with the development of regional income disparities and convergence processes in the countries of the European Union. Overall, 861 regions mainly at the regional level NUTS-3 of the EU enlarged in May 2004 are analysed for the period 1995 - 2003. We use the two classical...

This study analyses current energy projects in Benin, Burkina Faso, Niger and Togo. Based on the size of these projects, the study shows that currently, only small scale CDM projects can be developed in these countries in energy sectors. Moreover, baseline emissions factors are assessed for the...

The present study discusses energy supply challenge and assesses renewable energy potential in the studied countries. Moreover, energy demand as well as demand projection is assessed until 2020. Resulting CO2-eq emissions are also projected. The study reveals that the countries under examination...