In this article we analyse the role of International Financial Reporting Standards (IFRS) in the Financial Crisis. In detail we investigate if IFRS accounting rules and the change of some of their standards encouraged procyclical effects before and during the Financial Crisis. Copyright 2009 die...

The following paper deals on the problems of time inconsistency in connection with the stability and growth pact. The authors conclude that the current practice of application of the stability and growth pact is not appropriate for reducing the problems of time inconsistency. The stability pact...

By applying the concepts of institutional and constitutional economics, this paper addresses the question to what extent a reform of the stability pact will be efficient and appropriate. The starting point of the analysis is the assumption that the stability pact will yield disciplining effects...

The European competition policy can look back at a successful forty-year old practice of application by the European Commission. However, non-competition factors in the competition policy has become more and more relevant with the increasing importance of the so called positive integration. In a...

The following paper deals on the problems of time inconsistency in connection with the stability and growth pact. The authors conclude that the current practice of application of the stability and growth pact is not appropriate for reducing the problems of time inconsistency. The stability pact...

Der europäische Stabilitäts- und Wachstumspakt zählt zu den zentralen Pfeilern der Europäischen Währungsunion. Die Erfahrungen der letzten Jahre zeigen jedoch, dass seine disziplinierende Wirkung zur Begrenzung übermäßiger Defizite in Zweifel zu ziehen ist. Auf der Basis des von Ronald...

By applying the concepts of institutional and constitutional economics, this paper addresses the question to what extent a reform of the stability pact will be efficient and appropriate. The starting point of the analysis is the assumption that the stability pact will yield disciplining effects...

Im Rahmen der Verwirklichung des „more economic approach“ in der europäischen Wettbewerbspolitik hat die Europäische Kommission im Dezember 2005 umfangreiche Vorschläge zur Neugestaltung der Missbrauchsaufsicht vorgestellt. Im vorliegenden Beitrag werden diese Vorschläge in ihren...

Ziel der Untersuchung ist es, grundsätzliche Überlegungen, insbesondere aus ordnungsökonomischer Sicht, über den "more economic approach" der Europäischen Kommission anzustellen. Prinzipiell ist zunächst zu fragen, was eigentlich mit dem ökonomischeren Ansatz in der europäischen...