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The way to prevent financial catastrophes like this is to impose strong centralized regulations on all banks and recapitalize or restructure weakened ones.
Salaries on the German side are higher for similar work, goods are cheaper, the cost of hiring a full-time employee is lower and the relationship between German workers and their bosses is more supple and flexible, freer of the centralized regulations, ministries and unions characteristic of France.
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With asymmetric cost information, centralized regulation results in a negative externality between firms when engaging in lobbying.
Concerned about the drop-off in preschool benefits, policy makers and early education advocates are shifting their attention to a general improvement of preschool quality, often tightening the already centralized regulation of neighborhood preschool programs, the researchers note in their report, available online.
This may imply centralized regulation during development for the mouse Tef gene in contrast to the zebrafish embryo.
And it is taking far too long to establish a banking union that would help avoid future problems — by centralizing regulation, deposit insurance and a process to wind down failed banks.
Otherwise, "centralized rule is finished in Iraq".
Centralized environmental regulations require the use of efficient detoxification technologies for the secure disposal of hazardous wastewaters.
German leaders have moved more slowly on centralized bank regulation than some other leaders would like.
The talks in Brussels could lay the groundwork for a so-called banking union, with centralized bank regulation and deposit insurance.
Her most recent work studies the welfare effects of policy coordination in banking unions, as well as the efficiency and welfare effects of centralizing banking regulation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com