What are the risks associated with Clean Development Mechanism (CDM) and Joint Implementation (JI) projects and how do these risks vary between countries? A composite indicator is presented for guiding procurement decisions in the carbon market and representing host country risks in emissions...

Deviations between interest rates paid in the Swiss franc unsecured money market and the respective Libor rate are analysed for a period spanning the financial crisis. First, banks that have access to sources of secured central bank and interbank funding pay less than other banks. Second,...