By their selection, financing and generation of value added function, suppliers of risk capital assume an important task in the development of innovative and growth-oriented small and medium-sized enterprises (SMEs). They offer investment opportunities that may otherwise not be exploited by...

In July 2011, the European Union issued the "Alternative Investment Fund Managers Directive (AIFMD)" which aims at establishing a regulatory framework for better surveillance and management of systemic risks that alternative investment fund managers may create for investors and other market...

To analyze the consequences of a hypothetical consolidated EU representation at the IMF, we regroup the 27 EU Member States into a euro area EU constituency and a non-euro area EU constituency (based on the IMF’s new quota formula) and calculate voting power measures as proposed by...