The incomplete European market for financial services, the obstacles to its integration and the potential benefits from more integration are subject of this book which is largely focussing on retail markets. The analysis can be regarded as a modernised follow-up to the financial market part of...

Abstract Rudolf Hrbek summarizes the arguments for the project of reforming German federalism. He describes the positions adopted at the beginning of the work of the Reform Commission set up in fall 2003 by the federal government and the state governments respectively. The Commission ended with...

The EU suffers from a democratic deficit that arises not first and foremost from a lack of institutional competencies, but rather from the double weakness of politics vis-à-vis economics and law at the European level. This “functional democratic deficit” renders the existing mechanisms of...