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Was hat der Euro mit griechischer Mythologie zu tun? Ganz einfach: Wie Odysseus dem Klang der Sirenen, so haben die EU-Mitgliedstaaten der Verführungskraft neuer Schulden zu widerstehen. Im Rahmen der aktuellen Politik werden sie jedoch immer wieder schwach. Der neue Chef des ifo Instituts,...
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This paper applies the theory of structured finance to the regulation of asset backed securities. We find the current regulation in Europe (Article 405 of the CRR) and the US (Section D of Dodd-Frank Act) to be severely flawed with respect to its key intention: the imposition of a strict loss...
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The Crisis in Telecommunications Carrier Liability addresses the important public policy issues underlying liability … influence the public policy process, both the means and recommendations for designing more appropriate liability rules in order …
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I examine the real effects of financial markets on the timing of vehicle firms' safety-related recalls. Firms strategically time recalls in response to previously issued long-term debt prescheduled to mature by the end of the fiscal year in which defective products are manufactured. Maturing...
Persistent link: https://www.econbiz.de/10012853029
Product liability law reduces the costs of accidents to consumers thus reducing their incentive to invest in safety. We … estimate the impact of tort liability on a subset of consumers who have significant control over the probability of an accident … manufacturers from product-liability claims when they reached 18 years of age. We use the exemption at age 18 to estimate the impact …
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