Armin J. Kammel

Lauder Business School | LBS · Department of Finance

In this article Dr Armin J. Kammel (Professor of Banking Law and Financial Regulation at Lauder Business School in Vienna and IALS Associate Research Fellow) offers an introduction to the concept of complexity and makes a critical assessment of its application to financial regulation and provides some future policy recommendations. Includes helpful...

For the last years, Ukraine and particulalry its financial sector were seeking to gradually apply and comply with EU standards. Latest with the signing of the EU-Ukraine Association Agreement in 2014 the transition towards EU standards has a formal basis. Since then, Ukraine – with strong support from the EU – is in the process of implementing legi...

This article is an introduction to the special issue on ‘Entrepreneurship: Cross-National and Cross-Cultural Perspectives’. Besides providing overviews of the six articles published in the special issue, we discuss some of the challenges that arise when scholars explore cross-national and cross-cultural perspectives in entrepreneurship.

Globalization is typically understood as a process embracing complex economic, technological, socio-cultural and political forces which leads to progressive international integration at various levels. However, this increased interaction and interconnectedness experienced some significant drawbacks due to the global financial crisis (GFC). Although...

Using Latent Semantic Analysis techniques to analyse the corporate governance codes of 23 EU nations, we obtain a number of new findings regarding their thematic content, variability, and convergence. We determine that these codes can be decomposed into five common themes, with substantial cross-sectional variability in their relative importance. W...

The following elaboration has two purposes. One is to invite further reflections on the recent incident of the German sports car manufacturer, Porsche, revealing its until-then unknown substantive holdings in Volkswagen, its much larger competitor. The Porsche incident provoked a host of reactions, ranging from satisfaction to outrage to consternat...

Die internationalen Finanzmärkte erlebten in den letzten Jahrzehnten weltweit signifikante Veränderungen. Strukturelle Veränderungen, die auch traditionelle Operatoren umfassten, führten zu Modifikationen sowohl der regulatorischen als auch der aufsichtsbehördlichen Gegebenheiten des Finanzsystems. Vor diesem Hintergrund wird in diesem Papier versu...

The last few decades fundamentally changed the financial landscape: Structural changes involving traditional operators in the fields of banking, asset management or insurance business led to modifications of the regulatory as well as supervisory settings of the financial system. Additionally, numerous financial crises threatened the national and in...

This paper provides a review of three generations of traditional theoretical models of currency crisis which have been developed since the late 1970s. The author develops the Temple Model of Financial Crisis which includes economic, expectations, institutional, legal and policy factors in the determination of a financial crisis. The model comes out...

As a result of the global financial turmoil, calls for regulation of financial services enjoy a strong political tailwind. Aside from that, the last years have shown that self-regulation is of increasing importance in terms of complex financial market issues. This contribution reflects the issue of financial regulation and thereby describes the sel...