Weaknesses in the enforcement of regulation have been targeted by the G-20 as a priority concern for reform. But enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a Ponzi scheme orchestrated by Bernard Madoff went...

Firing costs are often blamed for unemployment. In this paper, we investigate this widespread belief theoretically. Firing costs are introduced in a efficiency wage model to capture their effects on employment through wages. In addition, dismissal conflicts are modelled explicitly and their cost...

The author examines the theoretical difficulties of implementing decisions and awards of foreign courts in Russia. Along with the normative conditions of recognizing and enforcing foreign decisions, the author draws attention to the educational background of legal professionals – especially...

The determinants of sentencing are of much interest in criminal justice and legal research. Understanding the determinants of sentencing decisions is important for ensuring transparent, consistent, and justifiable sentencing practice that adheres to the goals of sentencing, such as the...

This paper focuses on the Poverty Reduction Strategy Paper—National Strategy for Development and Integration (PRSP–NSDI) for Albania. The paper provides an overview of the key challenges facing the country. It presents a brief statement of the national vision, identifies the...

The paper analyzes the common assumption that the EU has little power over taxation. We find that the EU's own taxing power is indeed narrowly circumscribed: its revenues have evolved from rather supranational beginnings in the 1950s towards an increasingly intergovernmental system. Based on a...

Europäisierungsprozesse werden vielfach als Bedrohung wahrgenommen. Weil das spezifisch 'europäische' am Transformationsprozess von Staatlichkeit nicht so richtig zu fassen ist, bleibt als Ausweg nur die Argumentation mit dem Staat. So auch im Lissabon-Urteil des Bundesverfassungsgerichts, das...

In der Europäischen Union gilt das in den einschlägigen EU-Verträgen kodifizierte Binnenmarktprinzip. Vor allem dann, wenn nationale Normen der Verwirklichung der EU-Ziele zuwiderlaufen können, wird den Mitgliedstaaten ein einheitliches und koordiniertes politisches Vorgehen abverlangt....

Ende 1999 formulierte das Bundesverfassungsgericht in einem Urteil wichtige Anforderungen an das Länderfinanzausgleichssystem. Welche Konsequenzen ergeben sich hieraus für eine Reform des Länderfinanzausgleichs? Professor Fritz Söllner macht vor diesem Hintergrund einen Reformvorschlag.