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Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...
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This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...
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Since 1995 Germany has barely managed to grow by 1.2% annually, with growth over the last four years averaging only 0.6%. In 2005, growth will again be below1%. With these low growth rates Germany has clearly fallen behind all the other European countries. The German economy is suffering from a...
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The "new industrial organisation" enshrined in game theory has elaborated important concepts, models and typologies … European antitrust policy. Three illustrations are considered in the paper: concerted practices, cooperative R&D and mergers …. However, the new dimensions to be taken into account are very complex and sensitive, and the information that antitrust …
Persistent link: https://www.econbiz.de/10009636977
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