Results 151 to 160 of about 2,647 (311)

Promoting Liquidity: Why and How? [PDF]

open access: yes
As recent experience all too clearly demonstrates, liquid markets do not exist for all financial assets at all times. In some respects, this can be thought of as a market failure. This paper addresses how best to promote asset market liquidity given this
Philip Lowe, Jonathan Kearns
core  

Climate Negotiations Under Scrutiny: Are UNFCCC COPs Up To the Challenge?

open access: yesGlobal Policy, EarlyView.
ABSTRACT The 1992 United Nations Framework Convention on Climate Change (UNFCCC) plays a crucial role in global efforts to tackle the climate crisis. At annual Conferences of the Parties (COPs) and intersessional meetings, the international community gathers to advance climate policy and action.
Franziska Petri, Jan Karlas
wiley   +1 more source

Banking Union and the ECB as Lender of Last Resort

open access: yes, 2016
This paper focuses on how the lender of last resort function works in the euro area. It argues that the Eurosystem does not provide a clear and transparent lender of last resort facility and discusses how this has promoted financial instability and has ...
Whelan, Karl
core  

Five Principles for a New Economic Consensus

open access: yesGlobal Policy, EarlyView.
ABSTRACT This paper puts forward five principles for a new economic consensus, which could serve as a modern alternative to the Washington Consensus of 35 years ago. They are built on new ideas that have gained currency in economics over the past three decades. We also provide examples of the policies that could follow from these principles.
Timothy Besley, Andrés Velasco
wiley   +1 more source

Bail-Out or Work-Out? Theoretical Considerations [PDF]

open access: yes
In recent years, we appear to have entered an era of capital account crises. In response, a number of new crisis resolution ideas have been put forward, including the establishment of supranational institutions such as an international lender of last ...
Saporta, Victoria   +2 more
core  

Lender of Last Resort: What Have We Learned Since Bagehot?

open access: yes
lender of last resort, systemic risk, contagion, liquidity, bank's rescue,
Glenn Hoggarth   +3 more
core   +1 more source

Tax Planning Under Pressure: The Impact of Carbon Emissions Management Post‐Paris Agreement

open access: yesAccounting &Finance, EarlyView.
ABSTRACT We examine how the Paris Agreement affects corporate tax planning across a global data set. We find that emissions‐reducing firms are associated with higher levels of tax planning than nonemissions‐reducing firms. The effect is stronger for firms facing tighter cost pass‐through constraints, such as operating in more competitive markets, with ...
Aonan (Sistine) Sun   +3 more
wiley   +1 more source

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