TY - JOUR A1 - Gandrud, Christopher A1 - Hallerberg, Mark A1 - Deo, Sahil A1 - Franz, Christian T1 - Preventing German Bank Failures: Federalism and decisions to save troubled banks JF - Politische Vierteljahresschrift N2 - We examine government decisions to support troubled banks. Our contribution is the examination of how federalism can affect decisions to classify banks as systemically important. Whether a bank is viewed by politicians as ‘systemically important’ varies based on how its failure would affect supporters of the government. How a federation is designed has a strong influence on which banks are given public assistance. Where the top level of government is solely responsible for banks, there will be fewer systemically important institutions and so more banks will be allowed to fail. Where lower levels are responsible, governments will allow fewer failures. We use this approach to understand government support for failing banks in Germany. Our findings are relevant for the European Banking Union. Y1 - 2015 UR - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:b1570-opus4-15475 SN - 0032-3470 VL - 56 IS - 2 SP - 159 EP - 181 PB - Westdt. Verl. CY - Köln [u.a.] ER - TY - RPRT A1 - Deo, Sahil A1 - Franz, Christian T1 - Building India’s Global Health Strategy: Beyond the Role of ‘Pharmacist of the World’ T2 - ORF Special Report N2 - As the Covid-19 pandemic began to unfold in February, India’s dependence on Chinese inputs for the production of pharmaceutical products was debated intensely. This special report argues that the narrow discussion has fallen short in capturing India’s crucial role in global health as a provider of health-related goods to many developing countries. The report analyses trade data on over 200 categories of health-related goods, and provides quantitative evidence for the extent of many countries’ health-related import dependence on India. Given this de facto position of India, this report concludes that the current health crisis calls for a comprehensive Indian global health strategy that will allow the country to expand on the existing multilateral system. Y1 - 2020 UR - https://www.orfonline.org/wp-content/uploads/2020/05/ORF_SpecialReport_106_Global_Health_Strategy.pdf SN - 9789390159017 IS - 106 ER - TY - JOUR A1 - Traxler, Christian A1 - Westermaier, Franz A1 - Wohlschlegel, Ansgar T1 - Bunching on the Autobahn? Speeding responses to a ‘notched’ penalty scheme JF - Journal of Public Economics N2 - This paper studies drivers’ responses to a ‘notched’ penalty scheme in which speeding penalties are stepwise and discontinuously increasing in speed. We present survey evidence suggesting that drivers in Germany are well aware of the notched penalty structure. Based on a simple analytical framework, we analyze the impact of the notches on drivers’ optimal speed choices. The model’s predictions are confronted with data on more than 150,000 speeding tickets from the Autobahn and 290,000 speed measures from a traffic monitoring system. The data provide evidence on modest levels of bunching, despite several frictions working against it. We analyze the normative implications and assess the scope for welfare gains from moving from a simple, notched penalty scheme to a more complex but less salient Pigouvian scheme. KW - Notches KW - Speeding tickets KW - Stepwise penalty function KW - Salience KW - Simplicity Y1 - 2018 UR - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:b1570-opus4-25867 N1 - This is a post-peer-review, pre-copyedit version of an article published in Journal of Public Economics. The final authenticated version is available online at: DOI 10.1016/j.jpubeco.2017.11.006 Document includes appendix. VL - 157 SP - 78 EP - 94 ER - TY - JOUR A1 - Enderlein, Henrik A1 - von Bogdandy, Armin A1 - Calliess, Christian A1 - Fratzscher, Marcel A1 - Fuest, Clemens A1 - Mayer, Franz C. A1 - Schwarzer, Daniela A1 - Steinbeis, Maximilian A1 - Stelzenmüller, Constanze A1 - Wolff, Guntram A1 - von Weizsäcker, Jakob T1 - Aufbruch in die Euro-Union JF - ZRP: Zeitschrift für Rechtspolitik Y1 - 2013 SN - 0514-6496 IS - 8 SP - 248 EP - 250 PB - Beck CY - München [u.a.] ER -