Do sophisticated international financial markets obviate the need for an active union-wide authority to orchestrate fiscal transfers between countries to provide adequate insurance against country-specific economic fluctuations? We argue that they do. Specifically, we show that in a benchmark...

Chapter 1: Introduction -- Part 1: The Regulation of Cross-Border Finance -- Chapter 2: Financial Regulation and Systemic risk -- Chapter 3: The Regulation of Globalized Finance -- Part 2: Cross-Border Regulation in the EU: The Passport and the Equivalence Regime -- Chapter 4: The Passport...

Max Otte vermittelt in diesem Buch wichtiges Grundwissen zum Wirtschaftssystem der Bundesrepublik Deutschland, zur Funktionsweise von Geld- und Kapitalmärkten und zur Wirtschaftsethik und macht fundierte Vorschläge für Reformen. Damit ist dieses Werk ein dringend notwendiges Korrektiv, denn...

Do sophisticated international financial markets obviate the need for an active union-wide authority to orchestrate fiscal transfers between countries to provide adequate insurance against country-specific economic fluctuations? We argue that they do. Specifically, we show that in a benchmark...