Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

This study examines the impact of changes in homestead exemption levels upon the consumer bankruptcy filing rate. This relationship is examined through the creation of an interrupted time-series multiple regression model. Regression analyses were implemented using several predictor variables to...

The environment si a component of human life, being indisposable to their life, as they perform their activities in the environment. It is the vital element of human life. This article tries to analyze the evolution of the environment, the global heating and the most important changes known by...

In the age of globalization the relevance of international trade has increased tremendously. As a consequence, many transactions go beyond the legal framework of the nation state. Mechanisms provided by the nation states are not anymore suitable to secure international transactions. The...

OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved the environment for entrepreneurship significantly, but in the same period its economic performance has deteriorated noticeably. This may be partly because there is a difference between policy...

How should judges interpret statutes? Like many others, we begin with the premise that statutory interpretation is a quest by judges to use the best available theory and information to determine “what statutes mean.” When seen in this light, two attributes of statutes merit attention. ·...

The paper contrasts Lipset’s modernization hypothesis and Przeworski- Limongi hypothesis that entries into democracy are random with respect to income. We use data on income and democracy going back to 1820, multiple definitions of democracy, and non-parametric testing focusing on the...