Unfassbare Summen werden in das wankende Finanzsystem gepumpt, aberwitzige Milliardenbeträge für Wirtschaftshilfen bereitgestellt, und die Schuldigen an der Krise machen einfach weiter wie bisher während gleichzeitig immer mehr Arbeitsplätze wegbrechen, Kommunen und Bürger in die Pleite...

This paper examines whether elections, which are generally held on fixed dates, and banking crises explain the timing of tax reforms and the allocation of the additional tax burden. Using an original fine-grained dataset of tax reforms, the paper finds support for the role of these two sources...

With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...

I discuss briefly the crisis itself and then give some criteria that should be used in evaluating any policy proposed o deal with it. This is followed by a critical discussion of some of the policy measures that have been suggested. Finally, I give a list of proposals, that I believe best...