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We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...
Persistent link: https://www.econbiz.de/10009635892
This paper addresses a very European issue, the consolidation of securities trading and settlement infrastructures. In a two-country model, we analyze welfare implications of different types of consolidation. We find that horizontal integration of settlement systems is better than vertical...
Persistent link: https://www.econbiz.de/10009639440
This report presents the results of the evaluation of the European Communityu0092s support to private sector development (PSD) in third countries over the period 1994-2003. It aims to contribute to improving the coherence of the Commissionu0092s sectoral approach and also at enhancing coherence...
Persistent link: https://www.econbiz.de/10009638439
This technical report summarises the software developments performed by the ETC/CDS from the year 1996 to the year 2000 …
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Study on the desirability of EC level legislation in the area of software patents. It is based on a comparative … States, the United States and Japan. While its principal focus is on software patents, the study also includes commentary on … the patenting of 'business methods', as patents in this area are closely related to software patents. It has also …
Persistent link: https://www.econbiz.de/10009636087
A software-defined radio (SDR) is one that has the capability – through use of programmable hardware (handsets …) controlled by software - to tune to any frequency band and receive any modulation across a large frequency spectrum. At present …
Persistent link: https://www.econbiz.de/10009638639
The objective of this evaluation is to assess the extent to which budget support has contributed to achieving its expected results by helping the Government of Ghana (GoG) to strengthen the implementation of its national and sectoral strategies. The study covers all operations with disbursements...
Persistent link: https://www.econbiz.de/10011998841
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