In this article, we study the choice of issuer location and regulatory competition in the European corporate debt market. We find that, in absolute terms, Germany has by far the highest outflow of debt issues, while the Netherlands, the UK, Ireland, and Luxembourg see the most inflows (in that...

This is the first paper to investigate whether the number of high courts in a country has systematic effects both on the quality of its legal system and on its level of economic development more generally. It is theorized that due to the division of labor and a higher degree of specialization,...

Constitutions differ dramatically in length although they serve very similar functions everywhere. This paper tries to identify some determinants of constitutional length. It contains a new dataset spelling out the length of 135 constitutions in words. It turns out that a common law legal origin...