This paper analyses the political and economic consequences of Basel II with special attention to the relationship between regulatory authorities and financial market actors. Their role is analyzed with regard to the process of shaping the accord and to the future implications of the accord for...

Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...

After decades of corporatist urban governance dominated by social democracy, Vienna is undergoing a process of economic and social restructuring. This process is expressed physically in large urban development projects, Donau City being the most important. Due to the liberlization of the housing...