Thorsten Beck, Europäisches Hochschulinstitut Florenz, sieht in einer wirksamen Regulierung und Aufsicht ein bewegliches Ziel, das sich an veränderte Umstände und Geschäftsmodelle der Banken anpassen müsse. Es gäbe mehrere politische Veränderungen, die die Widerstandsfähigkeit des...

The European sovereign debt crisis illustrated how the stability of the entire financial system suffers when banks and sovereigns become too intertwined. However, there has been seemingly little success in reducing the bank-sovereign nexus in the decade since the crisis. As this Weekly Report...

We examine whether the financial strength of companies, in particular, small and medium-sized enterprises (SMEs) is causally linked to the award of a public procurement contract (PP), especially in the environmentally friendly “green” area (GPP). For this purpose, we build a combined...

The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the...