This paper analyses the role of banks in a small scale flexible price two-country DSGE model. The presence of banks is shown not to alter the standard trans-mission mechanism by which shocks are transmitted across borders. Banks can have significant effects on the business cycle characteristics of the model when ...Download Now
The aim of this paper is to explain the external drivers of the risk exposure and risk management strategies of electricity generators in response to New Zealand Government' climate change policies. This paper proposes a theoretical framework that builds upon the categorisation of environmental strategies and applies such categorisation in ...Download Now
Accountability is considered to be one of the main characteristics of democratic countries, but its implications in practice are mixed. In accountability literature, much research has examined accountability issues in developed countries where societies as a whole are 'Relatively' accountable. However, accountability issues confronting developing countries can be quite different ...Download Now
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