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Guess what
Koeppl, Thorsten V.; Monnet, Cyril - 2004
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10009639429
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Growth strategies and value creation
Hasan, Iftekhar; Schmiedel, Heiko; Song, Liang - 2010
protection, accounting standards and capital market development in the partner exchange’s country, the higher the merger and …
Persistent link: https://www.econbiz.de/10009640339
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Investors with too many options?
Dorn, Daniel - 2010
During the last decade, markets for covered warrants (bank-issued options) have flourished in Europe and Asia. In these markets, investors often face a choice between many instruments that differ only slightly from each other. Based on retail trades in call options on the German DAX index, this...
Persistent link: https://www.econbiz.de/10009640343
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The ECB's New Multi-Country Model for the euro area
Dieppe, Alistair; González Pandiella, Alberto; Hall, … - 2011
Rational expectations has been the dominant way to model expectations, but the literature has quickly moved to a more realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form their expectations. A standard assumption is that...
Persistent link: https://www.econbiz.de/10009640692
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Business cycle dynamics under rational inattention
Maćkowiak, Bartosz; Wiederholt, Mirko - 2011
We develop a dynamic stochastic general equilibrium model with rational inattention by households and firms. Consumption responds slowly to interest rate changes because households decide to pay little attention to the real interest rate. Prices respond quickly to some shocks and slowly to other...
Persistent link: https://www.econbiz.de/10009640770
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Support for Farmers' Cooperatives : Country Report - Austria
Kühl, Rainer - Wageningen University, The Netherlands; LEI - Landbouw … - 2012
themselves in cooperatives as a tool to consolidate their market orientation and so generate a solid market income. In the …
Persistent link: https://www.econbiz.de/10011441567
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Support for Farmers' Cooperatives : Country Report - Belgium
Gijselinckx, Caroline; Bussels, Matthias - Wageningen University, The Netherlands; Agricultural …; … - 2012
themselves in cooperatives as a tool to consolidate their market orientation and so generate a solid market income. In the …
Persistent link: https://www.econbiz.de/10011441568
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Support for Farmers' Cooperatives : Country Report - Bulgaria
Boevsky, Ivan - Wageningen University, The Netherlands; Agricultural …; … - 2012
themselves in cooperatives as a tool to consolidate their market orientation and so generate a solid market income. In the …
Persistent link: https://www.econbiz.de/10011441569
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Support for Farmers' Cooperatives : Country Report - Cyprus
Georgiou, Kyriakos E. - Wageningen University, The Netherlands; Agricultural …; … - 2012
The cooperative movement has a long and productive presence in Cyprus going back to the early 20th Century with the … pioneering cooperatives that were established to support the farmers. The first successful cooperative bank was established in … Lefkoniko in 1909 and it is still active. In the financial sector the cooperative movement controls about 20% of the banking …
Persistent link: https://www.econbiz.de/10011441570
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Support for Farmers' Cooperatives : Country Report - The Czech Republic
Ratinger, Tomas; Trdlicova, Karla; Abrahamova, Miluse - Wageningen University, The Netherlands; Agricultural …; … - 2012
themselves in cooperatives as a tool to consolidate their market orientation and so generate a solid market income. In the …
Persistent link: https://www.econbiz.de/10011441571