Inhalt: Guntram B. Wolff: "Moral hazard und bail-out im deutschen Föderalstaat"; Ernst Burgbacher:"Erwartungen an die Föderalismusreform II – mehr Wettbewerb und mehr Autonomie für den deutschen Bundesstaat"; Joachim Wieland : "Rechtsregeln für den Umgang mit extremen Haushaltsnotlagen";...

Inhaltsverzeichnis: 1. Motivation und Ausgangslage 2. Die Verwobenheit von Sparkassen und Landesbanken 3. Grundüberlegungen zur Neuordnung von Sparkassen und Landesbanken 4. Gestaltungsvorschlag 5. Handlungsempfehlungen

The European Monetary Union euro has done very well since its initiation. Price stability has been secured and the external value of the new currency is more than satisfactory. The confidence in it is also shown by its increasing use as a global reserve currency. It has been a stabilizing factor...

This note reviews the legal issues and concerns that are likely to play an important role in the ongoing deliberations of the Federal Constitutional Court of Germany concerning the legality of ECB government bond purchases such as those conducted in the context of its earlier Securities Market...