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Now showing items 81-90 of 163
Development of novel laser diagnostic techniques for the quantitative study of premixed flames
(University of CambridgeJesus College, 2009)
The main topic of this thesis concerns the development and application of laser diagnostic techniques for accurate temperature measurements and for the determination of flamefront properties in premixed flames that can ...
Establishing a European securities regulator: is the European Union an optimal economic area for a single securities regulator?
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
The paper’s purpose is to address the economic, institutional, and legal issues confronting the establishment of a more centralised approach to EU securities regulation and to suggest that the theory of optimum currency ...
The World Trade Organization and financial stability: the balance between liberalisation and regulation in the GATs
(CFAP, Cambridge Judge Business School, University of Cambridge, 2003)
The WTO General Agreement on Trade in Services and its Annex on Financial Services provide the international legal framework for the regulation of cross-border trade in financial services. This paper analyses some of the ...
The supervisory approach: a critique
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
Rules suffer from two serious defects. The world is complex, and so the creation and application of rules is difficult; and it changes, so that rules become obsolete. In recent years, the conventional wisdom on financial ...
On strategic default and liquidity risk
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
How does the uncertain provision of external finance affect investment projects' default probability and liquidity risk? In this paper, I study the strategic interaction between many creditors and a single borrower in the ...
The new Basel accord and developing countries: problems and alternatives
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
The new Basel Accord framework relies on markets and supervisors to discipline banks. Yet both markets and supervisors fail, and more so in developing countries than in high-income countries. Therefore, the new Accord is ...
Depreciation bias, financial-sector fragility and currency risk
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
Do expected future exchange rate fluctuations affect current social welfare? In the third-generation approach to currency crises, financial fragility can trigger devaluation and default. Expected future depreciation is ...
Empirical modelling of contagion: a review of methodologies
(CFAP, Cambridge Judge Business School, University of Cambridge, 2003-10)
The existing literature promotes a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. ...
Economic slowdown in the US, rehabilitation of fiscal policy and the case for a co-ordinated global reflation
(CFAP, Cambridge Judge Business School, University of Cambridge, 2003)