Consumer protection in financial markets in the form of information disclosure is high on governments agendas, despite the fact that the empirical evidence on its effectiveness is scarce. To measure the impact of Truth-in-Lending-Act-type disclosures on default and indebtedness, as well as of...

Regulation is indispensable for the functioning of financial markets. After a decade of deregulation, financial regulation has come back into the focus of political discussion. This work reviews the effectiveness of existing and need for new regulation in two exemplary empirical studies. The...