regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … understanding the interaction between the money market, the central bank, and the regulator. Importantly, it shows that the … existence of a central bank can be welfare-improving when the market equilibrium is driven by collateral constraints and …

Conduct Authority or the Prudential Regulation Authority. They reflect neo-classical, market-failure approaches to economics …, which suggest that the market does not maximise welfare if certain conditions do not hold and that government action is … required to move the market towards the welfare-maximising position. But we cannot know whether government regulatory action …

bodies minimizes the chances that market failures will go unnoticed; and second, the structure itself is less hierarchical by …

the heart of the ordoliberal theory of market regulation. This paper seeks to clarify the ordoliberal position in order to … revisit current references to this theory. We argue that the ordoliberal distinction between market conforming and non …

benzodiazepines following the reform. To examine subsequent health, labor market, and drug abuse-related outcomes, I additionally … find that addicts who quit after encountering a strict PHO have better health and labor market outcomes, have fewer opioid …