The increasing integration of international financial markets means that credit defaults in one country have to be covered by creditors in other countries. If the principle of creditor liability were applied systematically, the financial losses incurred by the financial institution that provided...

The completion of the European internal market is generally expected to have beneficial welfare and growth effects. To what extent will they lead to a change in employment? How will the employment effects be distributed among countries, industries and social groups?

The increasing integration of international financial markets means that credit defaults in one country have to be covered by creditors in other countries. If the principle of creditor liability were applied systematically, the financial losses incurred by the financial institution that provided...