Under the Basel II framework for capital adequacy of banks, regulatory financial collateral and guarantees (C&G ) can affect lending policy in both a micro and a macro perspective. This paper aims at assessing these effects throught the modelling of the impact of C&G on credit spreads. In doing...

Deposit Guarantee Schemes (DGS) aim at protecting depositors of all credit institutions against bank failures. One of the most critical issues about DGS concerns the criteria to be used to assess the risk‐based contribution that each member bank should pay to the Scheme. We propose an...

Derivative instruments attempt to protect a portfolio against failure events. Constant proportion portfolio insurance (CPPI) and constant proportion debt obligations (CPDO) strategies are recent innovations and have only been adopted in the credit market for the last couple of years. Since their...

This study investigates the characteristics of the European non-financial corporations (NFC's) bond issuers in the period 2004-2015. We find that bond issuers are significantly different from non-bond issuers; they are larger and older, and listed firms are more likely to issue bonds. Among...

The EU legislation contains a set of mandatory targets specific for the EU transport sector which aims at achieving the overall objective of a European sustainably fuelled transport system. In particular, Directives 2009/28/EC (Renewable Energy Directive) and 2009/30/EC (Fuel Quality Directive)...

The EU legislation contains a set of mandatory targets specific for the EU transport sector which aims at achieving the overall objective of a European sustainably fuelled transport system. In particular, Directives 2009/28/EC (Renewable Energy Directive) and 2009/30/EC (Fuel Quality Directive)...

Ten years ago, when the Strategic Energy Technology (SET) Plan was launched, the energy transition was in the making but still looked distant. While the challenge of successfully transforming our energy system still lies ahead of us, few would deny that the chances of success seem today much...

This report presents some preliminary calculations for the simulation of rat, monkey and human head behaviour (in particular of the brain) under imposed deceleration conditions by the EUROPLEXUS code. EUROPLEXUS (also abbreviated as EPX) is a computer code jointly developed by the French...

The purpose of this technical paper is to illustrate a computationally cheap approach of conducting the multivariate sensitivity analysis with a very large and complex non-linear model RHOMOLO. We evaluated model responses to the different combinations of the following input data a) elasticity...

Ten years ago, when the Strategic Energy Technology (SET) Plan was launched, the energy transition was in the making but still looked distant. While the challenge of successfully transforming our energy system still lies ahead of us, few would deny that the chances of success seem today much...