Comparing the balance sheet structure of privately held German firms and companies which went public on Neuer Markt, Europe's dominant stock market segment for growth firms, we analyse the determinants of initial public offerings (IPOs) of technology-based firms. The likelihood of an IPO is...

We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price competitiveness of 57 industrialized and emerging economies. It is designed to be a useful assessment tool for monetary policy authorities and, thereby, differs from previously...

Based on a classification of countries and territories according to their regime and anchor currency choice, the study considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural economic variables determine a given country's currency...

An equilibrium time path of the real effective exchange rate of Germany's currency in the post Bretton Woods period is calculated. For this purpose, a NATREX model for the long-run determination of this specific variable is developed. A cointegration analysis gives evidence in favour of the...