Administrative law is an exciting topic, in particular for those with an interest
in how the law seeks to control the exercise of the enormous powers of the
modern state. In the development of the law generally, modern administrative
law is a recent, very largely post-Second World War, phenomenon. In legal education,
it has grown over the past 20 years from being a component within
established constitutional law courses to being a subject in its own right. Its
relationship with constitutional law, however, must not be forgotten....
The aim of this book is to analyse current problems in European administrative law,
many of which are reflected in the on-going reform process of the European
Treaties. The Treaty establishing a Constitution for Europe has served as the point
of reference for this study.
This paper borrows from the empirical literature on non-financial firms to explain the
capital structure of large, publicly traded banks. It uncovers empirical regularities that are
inconsistent with a first order effect of capital regulation on banks’ capital structure. Instead,
the paper suggests that there are considerable similarities between banks’ and non-financial
firms’ capital structures.