1. Discussion and Working Paper // 2008

    UN approval of greenhouse gas emission reduction projects in developing countries: The political economy of the CDM Executive Board

    The Clean Development Mechanism (CDM) is often an issue of national interest. Decisions of the CDM Executive Board (EB) can thus be expected to be highly politicized. Based on data for about 250 methodologies…

  2. Discussion and Working Paper // 2008

    Tail dependence in a Multivariate Regular Variation framework: A Note on Financial Contagion from Russia to Latin America

    The present paper examines the common wisdom on the contagion from Russia to Brazil. We concentrate our attention principally on the dependence and contagion between Brazil and Russia in the late 1998, and the…