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Klaus, Benjamin; Rzepkowski, Bronka - 2009

This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...

Persistent link: https://www.econbiz.de/10009640467

Guess what

Koeppl, Thorsten V.; Monnet, Cyril - 2004

one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and …

Persistent link: https://www.econbiz.de/10009639429

Raising rival's costs in the securities settlement industry

Holthausen, Cornelia; Tapking, Jens - 2004

The competition between a central securities depository (CSD) and a custodian bank is analysed in a Stackelberg model. The CSD sets its prices first, the custodian bank follows. There are many investor banks each of which has to decide whether to use the service of the CSD or of the custodian...

Persistent link: https://www.econbiz.de/10009639430

An analysis of systemic risk in alternative securities settlement architectures

Iori, Giulia - 2004

This paper compares securities settlement gross and netting architectures. It studies settlement risk arising from exogenous operational delays and compares settlement failures between the two architectures as functions of the length of the settlement interval under different market conditions....

Persistent link: https://www.econbiz.de/10009639464

What drives the network’s growth?

Alexandrova-Kabadjova, Biliana; Negrín, José Luis - 2009

This paper investigates the impact on the network growth of the level of merchant discount, the level of Multilateral Interchange Fee (MIF), and the consumers' and the merchants' awareness of positive network effects. In an artificial market, in which issuers and acquirers belong to the same...

Persistent link: https://www.econbiz.de/10009640427

Financial sector taxation

Europäische Kommission - 2010

Persistent link: https://www.econbiz.de/10009640494

The Future of European Long-Distance Transport - Scenario Report (IP/A/STOA/FWC-2005-28/SC27)

Schippl, Jens; Leisner, Ida; Kaspersen, Per - 2008

How could European long-distance transport - under different conditions and in different contexts - meet the following targets in 2047: • Reducing oil consumption by 80% • Reducing CO2 emissions by 60% • High level of accessibility – to offer an efficient, effective transportation system...

Persistent link: https://www.econbiz.de/10011863877

Key education indicators on social inclusion and efficiency - Final Project report

European Research Associates - 2006

Persistent link: https://www.econbiz.de/10009640380

Resource efficiency in Europe

Kaźmierczyk, Paweł; Stenbæk Hansen, Mikkel; … - Europäische Umweltagentur; European Environment Agency - 2011

This report provides an overview of resource efficiency policies and instruments in 31 member and cooperating countries … collect, analyse and disseminate information about national experiences in developing and implementing resource efficiency … efficiency and explores similarities and differences in policies, strategies, indicators and targets, policy drivers and …

Persistent link: https://www.econbiz.de/10009676174