This paper investigates the factors influencing banks' decision to engage in advanced risk management, from both a theoretical and an empirical perspective. In recent decades, credit risk management in banks has become highly sophisticated and banks have become more active and advanced in the management of credit risks. We identify two driving factors for risk management: bank competition and sector ...
In the framework of the Energy Modeling Forum 28, we investigate how climate policy regimes affect market developments under different technology availabilities on the European power markets. We use the partial equilibrium model EMELIE-ESY with focus on electricity markets in order to determine how private investors optimize their generation capacity investment and operation over the horizon 2010 to ...
This paper summarizes the approaches to and the implications of bottom-up infrastructure modeling in the framework of the EMF28 model comparison "Europe 2050: The Effects of Technology Choices on EU Climate Policy". It includes models covering all the sectors currently under scrutiny by the European Infrastructure Priorities: Electricity, natural gas, and CO2. Results suggest that some infrastructure ...
Peter Eibich (DIW Berlin) will present his paper "Understanding the effect of retirement on health using Regression Discontinuity Design". This paper estimates the causal effect of retirement on health. Discontinuities in retirement age induced by the German pension system are exploited to identify the effect in a Regression Discontinuity design. Self-reported health status and the...
