Summary The day-to-day interbank rate usually is taken as an indicator of Bundesbank policy. But this neither fits in the institutional settings in Germany nor the identification problem is solved, because this interest rate reflects supply-side as well as demand-side shocks. The purpose of the...

Summary We analyse German public finances against a theoretical background using a unique database, retrieved from multiple sources covering the period between 1850 and 2010.Multiple currency crises and force majeure offer anecdotal evidence contradicting the historical perception of Germany...

International rice markets are seen as volatile due to the thin nature of the market which is believed to be exacerbated by a low level of substitution between major rice export markets. In other words, this perceived lack of price transmission amongst international rice markets is believed to...