We provide the first evidence on the causal effect of border enforcement on the full spatial distribution of Mexican immigrants to the United States. We address the endogeneity of border enforcement with an instrumental variables strategy based on administrative delays in budgetary allocations...

Since five years now, the financial crisis dominates the EU agenda. What started as the tail of the US subprime crisis turned into a “systemic” issue with the freezing of the wholesale funding market subsequent to Lehman Brothers' filing for Chapter 11 protection on September 15, 2008 (at...

Tax evasion is a pervasive problem in many countries. In particular, some developing countries do not collect even half of what they would if taxpayers complied with the written letter of the law. The academic literature has not been oblivious to the need to explain why people pay (or do not...

It is a long debate over whether rule of law is reliable in China, when some Chinese regulations are considered to be decided for political interests rather than the law itself. Furthermore, Chinese court decisions are often criticized for not according with statutes, even though the latter are...

Public companies face new and aggressive SEC enforcement practices in response to profound patterns of corporate fraud, the Sarbanes-Oxley Act, and enlarged compliance expectations under revised Federals Sentencing Guidelines. In a determined enforcement agenda, the SEC brought more than 1,300...

The administrative enforcement of competition law increasingly relies on new, informal instruments. These instruments are deemed to be more effective or efficient, but they might give rise to concerns regarding the safeguard function of the law. This working paper illustrates the problems with...

This Article uses principles abstracted from developed countries to examine the continuity of insider trading enforcement from various cases in China. It then argues that Chinese enforcement principles are inconsistent and concludes that the current policy-orientated enforcement approach does...

This article discusses two elements that the draft EU Directive on actions for damages treats only perfunctorily. The first concerns lucrum cessans or the quantity effect which is found to be of a relatively higher magnitude than the price effect. The second concerns the difficulties of...

This paper investigates the effect of local immigration enforcement regimes on the migration decisions of the foreign born. Specifically, the analysis uses individual level American Community Survey data to examine the effect of recent 287(g) agreements which allow state and local law...

This article briefly looks at the sanctions available to ASIC in relation to breaches of the continuous disclosure provisions. The Commonwealth Treasury has issued a consultation paper in March 2007 on infringement notices and their application to the continuous disclosure regime. This article...