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This paper develops the theory of entangled political economy by outlining a process by which the political …-economic order can become increasingly entangled. The theory posits that a Big Player polity organization, a key feature of which is … and the most recent financial crisis, are used as a historical illustration of this theory. The paper also discusses the …
Persistent link: https://www.econbiz.de/10013035230
This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors' and managers' fiduciary duty of care. In principle, payments predicated on judicial evaluations of directors' and managers' business decisions could usefully supplement payments...
Persistent link: https://www.econbiz.de/10013003706
In advanced economies, the recent collapse of interest rates to the Zero Lower Bound (ZLB) has triggered a series of research questions on how to navigate the new zero-interest credit environment. Focusing on illegal markets, it is possible to explain why usury still remains widespread after the...
Persistent link: https://www.econbiz.de/10012945515
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In this paper we argue that, in substance, the Quantitative Easing (QE) programmes introduced by central banks around the world amount to monetary financing of government deficits. As such, these programmes are unlawful under the Treaty on the Functioning of the European Union (TFEU). However,...
Persistent link: https://www.econbiz.de/10013006221
The European Monetary Union euro has done very well since its initiation. Price stability has been secured and the external value of the new currency is more than satisfactory. The confidence in it is also shown by its increasing use as a global reserve currency. It has been a stabilizing factor...
Persistent link: https://www.econbiz.de/10010387529
origins of the principle of nominalism in English law. The paper demonstrates the use made of civil law monetary theory from … the English sovereigns all assumed a legal theory of nominalism …
Persistent link: https://www.econbiz.de/10013129993
Given the urgent need to dramatically reduce greenhouse gas emissions, and concern regarding insufficient climate action and ambition across the globe, NGOs and individuals are increasingly turning to the courts to force States, public authorities, and private entities to increase their climate...
Persistent link: https://www.econbiz.de/10013312155
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