The provision of financial services through mobile phones is a powerful tool to foster financial inclusion in developing countries. Yet, it raises important regulatory questions. Given the vulnerability of the vast majority of potential customers of these services, one of the most pressing...

Fragility that periodically erupts into a full-blown financial crisis appears to be an integral feature of market-based financial systems in spite of the emergence of sophisticated risk management tools and regulatory systems. If anything, the increased frequency of modern crises underscores how...

Against the backdrop of the debate over the introduction of a fi nancial transaction tax (FTT) in the European Union, this Forum is dedicated to the discussion of issues concerning the implementation and impact of such a tax on the fi nancial sectors of the member states. Dorothea Schäfer...