Based on Becker, Kane, Niskanen, and Peltzman's ideas, we develop a model to explain why deposit insurance is adopted even though policymakers are aware of its pitfalls in both theory and practice. In our model, the regulator acts as both a bureaucrat and an entrepreneur to maximize his...

This paper questions the effect of democracy on regulatory reforms by mainly checking whether the observed differences between the transition economies and the rest of the economies in terms of engaged reforms are related to the level of democracy. Our results, based primarily on the Oaxaca -...

In Deutschland gehen die letzten drei Kernkraftwerke Mitte April endgültig vom Netz. Die Energiekrise infolge des russischen Angriffskriegs in der Ukraine hat allerdings auch hierzulande Forderungen nach dem Bau neuer Kernreaktoren angeheizt. Eine ähnliche Debatte wird im Kontext der...

Die meisten Klimaszenarien internationaler Organisationen und der Forschung beinhalten einen erheblichen Ausbau der Atomenergie. Beispielsweise steigt die Stromerzeugung aus Atomenergie im Durchschnitt der im Sechsten Sachstandbericht des Weltklimarates (IPCC) erhobenen Szenarien von derzeit...

Die EU hat mit dem "Fit for 55"-Paket zwei große klimapolitische Ziele festgelegt: die Senkung der Treibhausgasemissionen um 55% bis zum Jahr 2030 und Treibhausgasneutralität ab dem Jahr 2050. Im Rahmen des EUHorizon-2020-Projekts ENTRANCES werden die gesellschaftlichen Effekte der...

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles-based informal co- and self-regulation through domestic...

The paper examines the impact of central bank regulatory policies on market power in Africa. The study presents a representative sample of 52 African economies over the period 2006-2020. The study shows that the individual regulatory policies of the central bank (i.e. monetary and...

The EU countries, the United Kingdom (UK), and China are characterised by a high level of regulation of digital markets. In recent years, the EU and the UK have significantly tightened their regulations. The less dynamic data market in the EU and the UK compared to major players in the global...