Oxford Business Law Blog

On 18 March 2020, the European Central Bank (ECB) announced a EUR750 billion bond purchase programme called Pandemic Emergency Purchase Programme (PEPP) to address the economic and financial fallout...

The recent judgement by the German Federal Constitutional Court (‘FCC’) has been widely criticised both for its legal reasoning and for its impact on the EU legal order. Nevertheless, it yields...

Given the secular decline of real interest rates around the world, negative policy rates are likely to become a more prevalent feature of the financial landscape. Hence, whether and how negative...

In a new paper, ‘A Public Option for Bank Accounts (or Central Banking for All),’ we propose that the Federal Reserve (the ‘Fed’) offer bank account services to the general public and not just to...

In our paper, we argue that the adoption of an economic ideology as a solution to a crisis in the form of legally binding obligations restricts the ability to pursue alternative courses of action and...

Can regulation be used as a macroeconomic policy tool? That is, when agencies regulate, should they consider the effects of their regulations on the labor market and the economy as a whole? We take...