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Bedre-Defolie, Özlem; Calvano, Emilio - 2009

In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...

Persistent link: https://www.econbiz.de/10009640439

Growth strategies and value creation

Hasan, Iftekhar; Schmiedel, Heiko; Song, Liang - 2010

In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders’ value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses...

Persistent link: https://www.econbiz.de/10009640339

Public finances and long-term growth in Europe

De Ávila, Diego Romero; Strauch, Rolf - 2003

In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic u0093growth rate of around 3 percent as a realistic prospect for the coming yearsu0094 and assigns public finances an important role in the process of achieving this goal. This paper addresses...

Persistent link: https://www.econbiz.de/10009635955

Recent reforms of tax systems in the EU : good and bad news

Garnier, Gaelle (contributor) - European Commission / Directorate General for Taxation …; …

Persistent link: https://www.econbiz.de/10010343058

Cooperation in international banking supervision

Holthausen, Cornelia; Rønde, Thomas - 2004

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a … multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own … the countries are perfectly aligned, Þrst best closure regulation cannot be implemented; (2) the more aligned the …

Persistent link: https://www.econbiz.de/10009636539

Committees and special interests

Felgenhauer, Mike; Grüner, Hans Peter - 2003

Some committees convene behind closed doors while others publicly discuss issues and make their decisions. This paper studies the role of open and closed committee decision making in presence of external influence. We show that restricting the information of interest groups may reduce the bias...

Persistent link: https://www.econbiz.de/10009635893