We study the interaction of climate policies and investments into fossil and renewable energy generation capacity if policies are set by democratically elected governments and can lead to stranded assets. We develop an overlapping generations model, where elections determine carbon taxation and...

The unprecedented fiscal package adopted by the European Council in the summer of 2020 ―dubbed Next Generation EU―is vital for the recovery of the euro area from the pandemic shock. However, there are risks that targets will not be met and that it may prove difficult to muster the same...

In this study, two types of aid transfers - boats and houses are examined- that were made to rehabilitate tsunami-affected fishery households in Sri Lanka. The goal is to investigate the distributional impacts of these transfers and the effectiveness of targeting. The study also attempts to...

Corporate’s financial performance is one of the factors that influences the up and down of stock price in capital market. One of corporate’s financial performance measure is shown in the form of financial ratios. These financial ratios are used by investors as their investment...

In the actual Romanian context under the aspect of the examined theme can be attributed to the cumulated effects of the transition period. The knowledge baggage and the advance practice, especially through learning from the external partners , took place, simultaneous, on professional plan and...

Using administrative, longitudinal data on felony arrests in Florida, we exploit the doscontinous increase in the punitiveness of criminal sanctions at 18 to estimate the deterence effect of incarceration. Our analysis suggests a 2 percent decline in the logodds of offending at 18, with a...

ABSTRACTSouth Africa had its first democratic elections in 1994. This give rise to a new dimension in social, economic,political and legal fraternities. As result, a number of new rules governing the extractive industry beingintroduced over the last ten years. The regulatory environment, which...

Financial intermediation often exposes banks to interest rate risks by creating mismatches in the maturity structure and re-pricing terms of their assets and liabilities. The interest rate risk is along with the liquidity risk a fundamental risk associated to the management of bank resources....