ZEW Discussion Papers


Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 02-28 // 2002

    The Economic and Environmental Implications of the US Repudiation of the Kyoto Protocol and the Subsequent Deals in Bonn and Marrakech

    Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential…

  2. ZEW Discussion Paper No. 02-27 // 2002

    The Benefits of Creating an Integrated EU Market for Investment Funds

    The fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market’s degree of integration, the potential benefits from more…

  3. ZEW Discussion Paper No. 02-26 // 2002

    Integration Benefits on EU Retail Credit Markets – Evidence from Interest Rate Pass-through

    Lending and borrowing interest rates are often slow to adjust to changing capital market conditions. This paper argues that national differences of the pass-through speed in the EU can be regarded as a…

  4. ZEW Discussion Paper No. 02-25 // 2002

    Dismantling of a Breakthrough: The Kyoto Protocol - Just Symbolic Policy!

    We show that U.S. withdrawal from the Kyoto Protocol is straightforward under political economy considerations. The reason is that U.S. compliance costs exceed low willingness to pay for dealing with global…

  5. ZEW Discussion Paper No. 02-24 // 2002

    Integration of the European Market for E-Finance – Evidence from Online Brokerage

    The internet revolution is said to foster integration of the market for financial services, since consumers are able to shop around at all companies worldwide and firms can easily offer their services on the…

  6. ZEW Discussion Paper No. 02-22 // 2002

    How Integrated are the European Retail Financial Markets? A Cointegration Analysis

    With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in…

  7. ZEW Discussion Paper No. 02-21 // 2002

    The Threat of Systemic Risk in Banking – Evidence for Europe

    This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or on a European level. Following De Nicolo and Kwast (2001), mean rolling-window…

  8. ZEW Discussion Paper No. 02-20 // 2002

    Exchange Rate Pass-Through to Consumer Prices: A European Perspective

    We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of…

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