Government’s Role Choice in Market Regulation from an Information-Disclosure Perspective

LISS2019 ◽  
2020 ◽  
pp. 153-165
Author(s):  
Qinghua Li ◽  
Yisong Li ◽  
Daqing Gong
2021 ◽  
Vol 9 ◽  
Author(s):  
Luosong Jin ◽  
Weidong Liu ◽  
Xiangyang Wang ◽  
Jing Yu ◽  
Panting Zhao

Electricity generation relies heavily on fossil fuels in China, and this has posed great challenges for sustainable development. In 2015, China launched a new series of power reforms, aimed primarily at sustainable development and building a competitive power market system, where an information disclosure system plays an important role. This paper analyzes the effects of sensitive information disclosure, constructs different information disclosure scenarios, and compares the market clearing results under different scenarios. The results show that information transparency is conducive to the promotion of market efficiency. However, some problems, especially collusion, arise and inevitably bring negative impacts to the power market. Therefore, more attention should be paid to the content and quality of data transparency to avoid manipulations in the market. The data of power systems are complex and various, and thus big data applications may be conducive to effective information disclosure and better market regulation. Moreover, disclosure delay will help the electricity market become more transparent by reducing the risk of collusion. Besides, the information’s scope and contents, timing should also be taken into consideration. These findings may provide some references for the sustainable development of the electricity industry and have certain policy implications for policymakers.


Author(s):  
L. Baibulekova ◽  
◽  
G. Lukhmanova ◽  
N. Zaitenova ◽  
A. Musina ◽  
...  

The purpose of this paper is to conduct research on the effectiveness of the banking market regulation and the development of some proposals in the field of forming a stable and efficient banking system capable of rationally managing capital flows. An analysis of the practice of prudential regulation of second-tier banks was conducted. Its weaknesses in terms of information disclosure are identified, which allows a formalized approach to meeting the requirements of the regulator. Underestimated risks that form a misconception of the regulator about the state of the banking sector were identified. It was proposed to conduct a parallel assessment of the credit risk’s level by the regulator, based on our own motivated judgment, and also as an indicator reflecting the negative impact of macroeconomic shocks, to use not only the capital of banks, but also the level of non-performing loans.


2008 ◽  
Author(s):  
Andie F. Lueck ◽  
Mayia Corcoran ◽  
Maureen Casey ◽  
Sarah Wood ◽  
Ross Auna

2008 ◽  
pp. 108-125
Author(s):  
K. Zavodov

Project-based transactions (PBTs) are a market mechanism of attracting foreign investments in order to abate greenhouse gas emissions and increase energy efficiency of the country’s enterprises. The article provides a classification and analyzes advantages and drawbacks of PBTs from the point of view of a host country. The main trends and factors determining the dynamics of the PBT market are described. Given that Russia currently lags behind the leaders of the PBT market, an incorporation of a state carbon fund is put forward with an aim of channelling PBTs through it. This paper proposes a form of PBT market regulation by incorporating an option mechanism into the contract structure of a transaction. A comparison of the new form of regulation with the tools that are currently in use in Russia and other countries demonstrates its greater economic efficiency under uncertainty.


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