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Renewable energy policies and cross-border investment : evidence from mergers and acquisitions in solar and wind energy

Criscuolo, Chiara; Johnstone, Nick; Menon, Carlo; … - 2014

The study assesses the role of feed-in tariffs (FITs) and renewable energy certificates (RECs) in creating incentives for cross-border investments and for investments in particular technological portfolios via M&A. The analysis explores the dataset on M&As in alternative energy sources worldwide...

Persistent link: https://www.econbiz.de/10010463503

Developing macroprudential policy for alternative investment funds : towards a framework for macroprudential leverage limits in Europe : an application for the Netherlands

Veer, Koen J. M. van der; Levels, Anouk; Lambert, Claudia; … - 2017

bad past performance than unleveraged funds, which has the potential to exacerbate systemic risk. Second, it devises a … will be made available to the European Securities Markets Authority (ESMA) and the European Systemic Risk Board (ESRB) in …

Persistent link: https://www.econbiz.de/10011754910

Sovereign bond-backed securities : a VAR-for-VaR and marginal expected shortfall assessment

Sola Perea, Maite de; Dunne, Peter G.; Puhl, Martin; … - 2018

The risk reducing benefits of the sovereign bond-backed security (SBBS) proposal of Brunnermeier et al (2011, 2016 … ante tail risk and that, like the lowest-risk single-named sovereigns, it acts as a hedge against extreme adverse movements … in the yields on more junior tranches. The mezzanine SBBS has tail risk exposure similar to that of Italian and Spanish …

Persistent link: https://www.econbiz.de/10011848354

Disentangling euro area portfolios : new evidence on cross-border securities holdings

Rousová, Linda; Rodríguez Caloca, Antonio - 2018

This paper presents a detailed set of new, quantity-based indicators of financial integration in the euro area. The indicators are based on granular data from securities holdings statistics and help us disentangle the main drivers of the portfolio changes observed since the financial crisis....