Effect-based analysis is genuinely implicit in economic reasoning. The jurisprudence developed throughout the debt crisis reveals frequent recourse to effect-based analysis for the legal assessment of the compatibility of anti-crisis instruments with EU law. The dividing line between the...

Am 5. Mai 2020 verkündete das Bundesverfassungsgericht sein Urteil zur deutschen Beteiligung am Public Sector Purchase Programme (PSPP) der Europäischen Zentralbank. Dieses Urteil ist vielfach kritisiert worden. Der Autor stellt dem eine alternative Deutung entgegen. So sieht er es als...

There was a time, not too long ago, when the introduction of the euro was hailed as a tremendous success. Yet the Eurozone now faces an existential crisis. A number of member states have, since 2008, been prevented from defaulting on their sovereign debt only by massive bailouts. Greece has...

Alongside the unprecedented political and economic crises which hit Ireland with the collapse of its economy in 2008, were legal confrontations which tested the boundaries of its Constitution. Ireland's dualist constitutional heritage was confronted by unique challenges, borne of unprecedented...

The paper examines the administrative and judicial review of the ECB decisions in the banking supervisory field. In the first part the core characteristics of the functioning of the internal administrative review carried out by the Administrative Board of Review (ABoR) are described, and the...

This paper examines the consequences and implications of the decision of the BVerfG of 5 May 2020 not only regarding EU law, but also regarding the sustainability of the Eurozone. It explores the implications of this decision at the time of the COVID-19 pandemic and how it might be an...

There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. This paper examines both the theoretical arguments and empirical evidence on this issue, drawing on the relevant economic, political,...

There is a strong presumption among economists that domestic reforms are promoted by regionalism. Yet strong empirical evidence for this proposition is lacking. The purpose of the paper is to examine in some detail both the theoretical arguments and empirical evidence on this issue, drawing on...