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This article examines some aspects of the decisions made by the Constitutional Court in the matter of the legality control exercised by the prefect on the local government acts. The article analyzes the acts which form the subject of the legality control exercised by the prefect, and the...
Persistent link: https://www.econbiz.de/10010790569
Difficulty or possibility; freedom or compulsion? How can we determine the operation of the discretionary power - is it an intellectual process in the legal system or just arbitrariness? The aim of this essay is to survey all dimensions of the discretionary power to get its real intended purpose...
Persistent link: https://www.econbiz.de/10010790573
This paper is intended to be as a blueprint for the state of regulation on insolvency proceedings in Romania regarding …
Persistent link: https://www.econbiz.de/10010798288
In accordance with the Law about administrative decentralization from R.M., the competencies of local government are all rights and duties of local authorities in the fields they are established. In order to achieve its competencies, local authorities use institutional, financial, human and...
Persistent link: https://www.econbiz.de/10010801208
Minimum capital requirement regulation forces banks to refund a substantial amount of their investments with equity … paper argues that, in addition to the buffer and cost effect of capital regulation, there is a strategic effect. A binding … capital requirement regulation restricts the lending capacity of banks, and therefore reduces the intensity of loan interest …
Persistent link: https://www.econbiz.de/10010674279
2005. We find that when the company is subject to independent regulation, state ownership seems positively associated with …
Persistent link: https://www.econbiz.de/10010682520
This paper uses optimal control theory to derive a desirable trajectory of the number of royalties-paying users of state-owned spectrum for broadcasting. The spectrum royalties are set by the public planner to maximize the consumers’ utilities over an infinite planning horizon. The...
Persistent link: https://www.econbiz.de/10010685799
Persistent link: https://www.econbiz.de/10010687564
Persistent link: https://www.econbiz.de/10010687566
This paper revisits the issue of law enforcement and the design of monetary sanctions when the public law enforcer's incentives depart from those of a benevolent authority, which is the most frequent assumption made in the literature on crime deterrence. We first consider the case an elected...
Persistent link: https://www.econbiz.de/10010690500