We analyze how budgetary institutions affect government budget deficits in member states of the European Union during … whether the impact of budgetary institutions on budget deficits is conditioned by political fragmentation (i.e., ideological … of spending ministers). Our results suggest that strong budgetary institutions, no matter whether they are based on …

data and policy, it examines and explains financial markets, financial infrastructures, financial institutions and … challenges in the domain of financial supervision and competition policy. This new edition features three completely new chapters …, one on financial crises, a second on financial innovation, and, on the policy side, a third on the monetary policy of the …