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Politically induced regulatory risk and independent regulatory agencies

Strausz, Roland - 2017

-expansion effect that benefits at least one party. Irrespective of the parties' risk attitudes, political parties have incentives to …

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The EMU consolidation game - or: Does 3.0 really mean 3.0?

Heinemann, Friedrich - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

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