One major shortcoming in Euroland's National Income and Product Accounts (NIPA) consists in the missing distinction between exports (imports) on the one hand and dispatches (arrivals) between the member states on the other hand. In this paper "true" NIPA trade is derived from official figures....

In this study, indicators such as trade openness, intra-industry trade intensity, Feldstein-Horioka coefficients, royalties and license fee flows and outward production ratios are used to measure Japan's integration into the global economy in the 1990s. Among the OECD countries, Japan's...

Eine der wesentlichen Gründe für das Entstehen und den Verlauf der Finanzkrise dürfte in der Intransparenz moderner Kapitalmärkte liegen. Diese Intransparenz begünstigt einerseits das Entstehen von spekulativen Blasen. Andererseits ist die mangelnde Transparenz wohl wesentlich für die...