The US Supreme Court has the power of certiorari. It may pick its fights. As a beneficial side effect, the court may allocate its resources, in particular the time and energy the justices spend on a case, to worthy causes. In economic parlance, this discretion makes the court more efficient....

The US Supreme Court has the power of certiorari. It may pick its fights. As a beneficial side effect, the court may allocate its resources, in particular the time and energy the justices spend on a case, to worthy causes. In economic parlance, this discretion makes the court more efficient....

Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...

Das Phänomen Geldwäsche hatte bis zu Beginn der 1980er Jahre aus juristischer Sicht keine eigenständige Bedeutung. Erst der immense An­stieg des weltweiten Drogenhandels – insbesondere in Verbindung mit der Organisierten Kriminalität – und der diesbezüglich mangelnde...