October 2017

Inclusion of small-scale energy users in liberalized energy markets

Climate change dramatically impacts the structure of energy business by adding renewables. In traditional energy networks, the balance between the demand for- and the offer of- power is managed by increasing the amount of commodity or by shedding loads. Customer-centered grid brings new paradigm about changing the economic behavior of small- and medium- scaled energy users instead of varying the amounts of commodity...

Author(s): Mikhail Simonov, Simona Alfiero, Alfredo Esposito and Luisa Tibiletti

October 2017

Fair value accounting and earnings quality (EQ) in banking sector: Evidence from Europe

This research investigates the influence of fair value accounting (FVA) on earnings quality (EQ) in European banking sector over the 2007 to 2016 period. As financial reporting system of banks is particularly exposed to FVA, we assume that FVA may produce significant effects on EQ for European banks. It can be expected that financial instruments’ prices are not available in illiquid markets, so Fair Values are...

Author(s): Mauro Paoloni, Guido Paolucci and Elisa Menicucci