This paper discusses key findings of the Financial System Stability Assessment on the Basel Core Principles for Effective Banking Supervision, the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems, and IMF Monetary and Financial Policy...

This paper investigates the generalized parametric measurement methods of aggregate operational risk in compliance with the regulatory capital standards for operational risk in the New Basel Capital Accord ("Basel II"). Operational risk is commonly defined as the risk of loss resulting from...

In der Frage der Bankenregulierung wird derzeit über das richtige Konzept diskutiert. Soll der mit Basel II verfolgte Ansatz der am Risiko der jeweiligen Bank orientierten Eigenkapitalunterlegung ausgebaut oder eine nicht-risikoorientierte Kennziffer wie die Leverage Ratio (bilanzielles...

The complexity of a tax system can be measured by the costs of private taxpayers and businesses in complying with the tax law. According to the empirical literature tax compliance costs are strongly correlated with the source and the amount of a taxpayers’ income. For that reason, these costs...

This work aims to provide an update on the issue of the effects on agriculture and food of the heavy regulatory burden regarding food safety. The issue is addressed in a context of heterogeneous international sanitary requirements and multilateral and bilateral agreements. The idea of our...

Taxation has several significant excess burdens, including enforcement costs, compliance costs, and deadweight losses. Most estimates find that raising a dollar of tax revenue costs much more than a dollar. Unfortunately, commonly used public finance textbooks do not integrate these costs into...

Previous work has shown that a significant number of preference eligible goods are imported into the EU from developing countries at relatively small values and that the rate of preference utilisation of these imports are low and in many cases zero. This fact is unobserved in the aggregate...

Greenhouse gas emission trading has become more and more important in the context of climate change. Recently, a discussion on trading on entity (i.e. company) level has started. Emitters likely to be obliged to participate have argued for an initial allocation of the emission rights free of...