INHALTSVERZEICHNIS/CONTENTS Einleitung 1 Introduction 11 ...

We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank offers across its different geographic regions. We take advantage of a novel loan-level reporting initiative by the European Central Bank, which requires repo borrowing banks...

Legislative development aiming for global legal harmonisation has demonstrated varying degrees of success in different areas. The underlying reasons to the challenges such developments face range from the inconsistency between bottom-up and top-down drivers that influence legislative...

Drawing on a new analytical framework provided by the economic theory of optimal legal areas, this paper identifies the factors determining the optimal size of the European Union. It applies this theory to the question of how enlargement affects the welfare of the current and the new members of...