The costs of doing business in the retail sector are inflated by unnecessary regulations, argues this report. Introduction The retail industry provides a key intermediary service between producers and consumers of final goods. The sector contributes almost 5 per cent to GDP and over 10 per cent to employment. Whether based in Australia or elsewhere...

Depositary institutions over the last 15 years have increased the share of non-traditional revenue in total income.While the change in business models is a global phenomenon, it is more pronounced in countries such as the U.S., France and the U.K. In this study, we examine whether market structure can help explain the cross-country variation in...

The most recent global financial crisis, characterized as a liquidity crunch, began in the U.S. in late 2007 and quickly spread to other countries. The rapid propagation of the liquidity shock and the severe effects of the crisis on stock market performance have raised several important questions. Which channels contributed to the transmission of liquidity...

The market volume of credit derivatives increased rapidly from $180 billion in 1996 to over $57 trillion in 2008 (BBA, 2006; BIS, 2010). This growth rate highlights the importance of these new instruments in nancial markets. Consequences of the global nancial crisis (GFC), e.g., the Lehman Brothers' bankruptcy in 2008, underline the challenge to aggregate...

This report builds on and complements the already rather extensive literature on the potential of cultural and creative sectors in the European Union.