Life insurance companies are affected directly by the impact of the low-interestrate environment. To fulfil promised guarantees they may be forced to tap into their own funds, say if the current income generated is no longer sufficient to cover the policyholders’ profit participation share as...

Der folgende Bericht fasst die Ergebnisse einer mündlichen Befragung von Freiberuflern in Rostock, Bad Doberan und Güstrow zum Thema der Nutzung klassischer und elektronischer Vertriebswege von Bankdienstleistungen zusammen. Ziel war, Entscheidungen von kleinen Unternehmen - speziell der...

Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...