(dec 2014) 5 papers... in 5 minutes !
- How Insurers Differ from Banks: A Primer on Systemic Regulation - Christian Thimann. The Financial Stability Board (FSB) and the G20 are currently developing a systemic regulatory framework for insurance that closely resembles that for the banking sector, and will require the nine greatest global insurers to keep capital reserves...
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- Trade Restrictiveness Indices in Presence of Externalities: An Application to Non-Tariff Measures - John Beghin, Anne-Célia Disdier and Stéphan Marette. Non-tariff measures are defined as public intervention powers other than customs duties that affect the flow of trade between countries. Following successive reductions in customs duties gained in a series of multilateral negotiations by the World Trade Organisation...
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- Social relations favour market rigidity - Gilles Saint-Paul. Many analysts deplore the rigidities of French society, pointing to an excessive regulation of the market, which affects several sectors, including the labour and housing markets. These rigidities are reflected in political decisions...
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- Coordination with Communication under Oath - Nicolas Jacquemet, Stéphane Luchini, Jason Shogren and Adam Zylbersztejn. Coordination games aim to study economic situations in which the isolated decisions of individuals who comprise a group (a society, a market, etc.) lead to lesser results than would be collectively possible were the decisions coordinated...
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- Cherries for sale: The incidence and timing of cross-border M&A - Bruce Blonigen, Lionel Fontagné, Nicholas Sly and Farid Toubal. A large proportion of direct foreign investment is made by mergers and acquisitions (M & A). But how do multinational firms choose their targets? Firms in trouble, ripe for restructuring, or the gems?...