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This paper provides background to the upcoming EU regulation on Markets in Crypto-Assets (MiCA). The first step to regulate crypto-assets at EU level was taken by including virtual currencies in the revision of the Anti-Money Laundering Directive (5AMLD) which came into force 2018. Initial coin...
Persistent link: https://www.econbiz.de/10013439922
regulation and particularly meta regulation to address these challenges. It explores developments which have necessitated a …
Persistent link: https://www.econbiz.de/10005025695
between the command-and-control style of supervision and meta risk regulation in that firms are still required to regulate but … not the regulator, are required to regulate. It is similar to meta-risk regulation in that the individual firm’s model is …
Persistent link: https://www.econbiz.de/10005025743
This paper provides background to the upcoming EU regulation on Markets in Crypto-Assets (MiCA). The first step to regulate crypto-assets at EU level was taken by including virtual currencies in the revision of the Anti-Money Laundering Directive (5AMLD) which came into force 2018. Initial coin...
Persistent link: https://www.econbiz.de/10013448072
Persistent link: https://www.econbiz.de/10013553577
and governmental circles. Two forms of risk regulation, namely risk based regulation and meta regulation are considered … discussing the importance of meta regulation in jurisdictions such as Germany, Italy and the US. The preference for meta … in several jurisdictions. Whilst meta regulation also has its disadvantages, the impact of risk based regulation on the …
Persistent link: https://www.econbiz.de/10008559026
We discuss theoretical approaches to study the relationship between the size distribution of a nation's cities and macroeconomic growth. The discussion is based on the hypothesis of the New Growth Theory that inter-personal spillovers of education and skills determine the long-run growth of the...
Persistent link: https://www.econbiz.de/10010295615
Die Größenstruktur der deutschen Städte folgt so wie in vielen anderen Ländern einer strengen Gesetzmäßigkeit: dem Zipfschen Gesetz. Es gibt starke Hinweise, dass dieses Zipfsche Gesetz nicht nur auf nationaler Ebene gilt, sondern auch auf der Ebene von Bundesländern und teilweise sogar...
Persistent link: https://www.econbiz.de/10010302108
Mixed commercial and residential land use is observed in most cities around the world. This is in contrast to a myriad of bid rent models, which predict that mixed land use does not occur. The main exception are the models by Fujita and Ogawa (1982) and Lucas and Rossi-Hansberg (2002) that...
Persistent link: https://www.econbiz.de/10010326339
Two innovations in the last century have changed dramatically the cost of communicating and transmitting information: The first is the widespread adoption of telephony; the second is the internet. We study the implications of these changes in ICT for urban structure. We find robust evidence that...
Persistent link: https://www.econbiz.de/10010264169