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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
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
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
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 study on the functioning of retail electricity markets for consumers in the EU is the follow up to the first market study conducted in 2009/2010, and published by the European Commission in 2010. The objectives of the current study are to investigate if a well-functioning electricity market...
Persistent link: https://www.econbiz.de/10011998852
Diese Studie stellt Informationen bereit, die den sektoralen sozialen Dialog im Energieversorgungssektor fördern sollen. In der Studie wird zunächst ein Überblick über den wirtschaftlichen Hintergrund und die Beschäftigungssituation des Sektor gegeben, dann werden die Organisationen der...
Persistent link: https://www.econbiz.de/10010352913
Persistent link: https://www.econbiz.de/10011476860
Some regulation is needed to enhance growth and economic welfare, but too much undermines productivity. Generally, the …
Persistent link: https://www.econbiz.de/10009668590
This document presents the key developments and results of REFIT, the Regulatory Fitness and Performance programme. It also contains detailed information on the first 22 REFIT Platform opinions and the way in which the Commission intends to follow up on these.
Persistent link: https://www.econbiz.de/10011887697