Caja General de Ahorros, Granada = Savings Bank, Granada

Caja General de Ahorros, Granada = Savings Bank, Granada Texto en español e inglés.

Development of a full hybrid lighting-CPV prototype and savings in a real case operation

A full Hybrid lighting-CPV prototype has been assembled. This new concept mixes a classical CPV module with the production of light for illumination without a double conversion (solar energy to electricity and electricity to light) allowing a higher efficiency to the whole system. The present prototype is based on a commercial CPV module that has been adapted in order to be hybrid, adjusting the receivers to pass the fibers into the module, inserting a holder to adjust x,y and z position of the fibers and changing the original parquet of lenses by a bifocal one composed most of the original lenses and the inclusion of other lenses in the position of the corners. Results show that with a minimal loss in the CPV part, a luminous flux is obtained that can be used to illuminate. Adding an additional electrical lamp and a light sensor that enables this lamp when no light from the sun is received, a 38% saving on lighting electricity is expected in Madrid during a year.

Caja Granada Savings Bank

Publicación de la obra de Caja Granada

Saving for Retirement and Investing for Growth. Report of the CEPS-RCMI Task Force on Long-term Investing and Retirement Savings. CEPS Task Force Report, September 2013

Europe is facing a double challenge: a significant need for long-term investments – crucial levers for economic growth – and a growing pension gap, both of which call for resolute action. Crucially, at a time when low interest rates and revised prudential standards strain the ability of life insurers and pension funds to offer guaranteed returns, Europe lacks a framework ensuring the quality and accessibility of long-term investment solutions for small retail investors and defined contribution pension plans. This report considers the potential to steer household financial wealth – accounting for over 60% of total financial wealth in Europe – towards long-term investing, which would achieve two goals at once: higher growth and higher pensions. It follows a holistic approach that considers both solution design – how to gear product structuring towards long-term investing – and market structure – how to engineer a competitive market setting that is able to deliver high-quality and cost-efficient solutions. The report also considers prudential rules for insurers and pension funds and the potential to build a single market for less-liquid funds, occupational and personal pensions, with improved investor protection. It urges policy-makers to act aggressively to deliver more inclusive, efficient and resilient retail investment markets that are better equipped and more committed to deliver value over the long-term for beneficiaries.

The Crowding-out Effect of Mandatory Labour Market Pension Schemes on Private Savings. Evidence from renters in Denmark. CEPS Working Document No. 389, February 2014

This paper aims to estimate the crowding-out effect of the Danish mandatory labour market pension reforms begun in 1993 on the level of total household savings for renters. The effect is identified via a large panel of individual administrative records utilising the differences in speed, timing and sectoral coverage of the implementation of the reform in the period 1997 to 2005. Little substitutability was found between current mandatory labour market pension savings and private voluntary savings. Each euro paid into mandatory labour market pension accounts results in a reduction in private savings of approximately 0 to 30 cents, depending on age. This low rate of substitution is only, to a minor extent, explained by liquidity constraints. The results point to mandatory pension savings having a large effect on total household savings. Thus, pension reforms that introduce mandatory savings have macroeconomic implications.

Are Germans wasting their savings abroad? CEPS Commentary, 7 April 2016

Germany is running a current account surplus of about 8% of GDP, which means that about one-third of all German savings (equal to 24% of GDP) has to be invested abroad every year. It has become by now almost a cliché that these huge excess savings are being wasted abroad. But this is a popular misconception based on the divergence between the available data on the (cumulated) current account balance (cCAB) of Germany and its net international investment position (NIIP). A closer look at the data actually suggests that the NIIP is probably not measured correctly and that the observed returns on German investment abroad have remained above most domestic returns.

Return migration, migrants' savings and sending countries' economic development : lessons from Europe /

"May 1990."

Budgetary cost savings to the Department of Defense resulting from foreign military sales /

"Staff working paper."

Acquisition reform : defense management report savings initiatives : report to the Honorable William V. Roth, Jr., U.S. Senate /

"B-241756"--p.1

The miracle of mutual savings, as illustrated by one hundred years of the Bowery savings bank,

Mode of access: Internet.