This study provides up-to-date scientific estimates of annual revenues generated by Colombia's illicit cocaine industry (1991-2007), imputed from data on coca production collected by the United Nations Office on Drugs and Crime. While Colombian producers appropriate only a fraction of global...

The five contributions in this legal working paper discuss various aspects of investment arbitration. They were originally presented at the ECB legal colloquium on ‘The new challenges raised by investment arbitration for the EU legal order’ which took place in Frankfurt am Main in 2019.

The emergence of global financial and economic crisis in 2007 and its effects on the real economies of the member states, since 2009, have led to a series of reforms and new developments in all EU common policies, which aimed to provide tools and solutions to boost economic growth and financial...

The emergence of global financial and economic crisis in 2007 and its effects on the real economies of the member states, since 2009, have led to a series of reforms and new developments in all EU common policies, which aimed to provide tools and solutions to boost economic growth and financial...

Explicit collusion is an agreement among competitors to suppress rivalry that relies on interfirm communication and/or transfers. Rivalry between competitors erodes profits; the suppression of rivalry through collusion is one avenue by which firms can enhance profits. Many cartels and bidding...

This essay advocates for inheritance taxation and defends it from recent criticism. The first part of the argument shows the need and importance of distinguishing moral and political justifications from the regulation of an institution. Then, in exploratory terms, arguments to justify...

From a legal perspective, a contract has the binding force of law between the parties, so that problems arise when the obligor fails to fulfill its obligations, breaking the principle "pacta sunt servanda" and creating an imbalance between the contracting parties, in relation to the other...

Financial relations are defined as a set of social relationships, having economic features, arising from the realization and distribution of monetary resources necessary for carrying out the tasks of the state. There is a close relationship between the development of financial relationships and...

Financial relations are defined as a set of social relationships, having economic features, arising from the realization and distribution of monetary resources necessary for carrying out the tasks of the state. There is a close relationship between the development of financial relationships and...