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The privatization of the Italian savings banks is often described as a success story. Proponents of privatization argue … Italian experience can really serve as a role model for Germany. Our analysis confirms that the Italian reforms of the 1990s … loans. However, this success has to be attributed to a broad set of reforms, which went far beyond the privatization of …
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The ECB has announced that when government and corporate bonds come to maturity in the context of its QE-program, new bonds will be bought in the market so as to keep the money stock (money base) unchanged. This creates a "window of opportunities" for the ECB. It could replace the old bonds with...
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Central banks and financial supervisors approach "green finance" mostly to preserve macroeconomic and financial stability according to their mandates. Obviously, climate change poses severe risks to households, firms and their financial intermediaries. These risks tend to be correlated and their...
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dabei die Entwicklung in den letzten 15 Jahren in den Blick. Frühere Studien für Deutschland weisen darauf hin, dass das … give a bird view of the evolution during the past 15 years. Previous studies on Germany point to a banking system dominated …
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support schemes. Regarding the regulation of the labour market in Germany, there is no need to re- or de-regulation fixed …
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