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This paper analyses the dynamics of personal insolvencies in Germany and the UK, focusing on the recent recession … different approaches to deal with overindebted individuals. In Germany unfortunate households who file on their debt are … Germany, i.e. after an external shock it takes longer for insolvencies to return to their previous level in the UK. In both …
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Die deutsche Wirtschaft befindet sich in einem moderaten Aufschwung. Zu diesem Ergebnis kommt die Mitte April veröffentlichte Gemeinschaftsdiagnose der Wirtschaftsforschungsinstitute. Das Bruttoinlandsprodukt dürfte demnach in diesem Jahr um 1,6% und im kommenden Jahr um 1,5% zulegen. Getragen...
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This paper focuses on explaining the economic fluctuations in Bulgaria after the introduction of the currency board arrangement in 1997, the period of macroeconomic stability that ensued, the EU accession, and the episode of the recent global financial crisis. This paper follows Chari et al....
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This paper studies the business cycle in Germany using the HP-filter (Hodrick/Prescott (1997)) to isolate the cyclical …
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Germany, Spain, and Italy using a credit risk indicator based on nonfinancial corporate bond yields and annual loan growth for …
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