Does central bank collateral policy contribute to financial market integration? We address this question by exploiting that, in 2007, the European Central Bank replaced national collateral frameworks by a single list. Under the single list regime, euro area banks could pledge all euro area bank loans as collateral, not only domestic loans as before the framework change. Banks holding a large share ...
The SOEP Conference 2022 took place from June 30 to July 1, 2022 and was a great success. We were very happy to finally hold our bi-annual conference at DIW Berlin again after being postponed due to the pandemic. Events like this conference are an important part of scientific life and we are pleased that all participants were there to help make it a success. Of the about 80 participants from 9 different ...
We assess the incorporation of wind or solar resource quality into renewable auction design as a means to geographically diversify renewable energy production and to reduce costs to consumers by reducing scarcity rents at sites with high resource quality. With a stylized auction model, we model the trade-off between production costs and consumer costs. After exploring the influence of the heterogeneity ...
