This paper starts by reviewing the recent literature on antitrust laws in banking from the perspective of general economic analysis. We focus on the US experience for didactic reasons and as a background against which the Swiss case is discussed further on. After an introductory section, we...

Combining, as it does, three fundamental propositions ( uncovered interest rate parity, relative PPP, international equalization of the real return on capital), the double equality is found to hold in the long run with a striking degree of precision and reability when tested by means of a sample...

A new method is proposed to measure the underlying ("structural") surplus/deficit of a government budget. It does not rest on the notion of "full-employment GDP" but aims at modelling the fiscal behavior of the government in the widest sense. The basic idea is to identify what is systematic in...

The so-called second Bergier Report offers a wealth of information as well as some useful and valuable analytical insights, but it also suffers from a number of shortcomings and weaknesses, some of which are serious. No use is made of important facts, such as the high admittance chances of the...