Das am 28. Juli 2001 in Kraft getretene reformierte Betriebsverfassungsgesetz war vor seiner Verabschiedung Gegenstand teils heftiger Diskussionen in Wirtschaft, Politik und Wissenschaft. Die Positionen bezüglich der zu erwartenden Konsequenzen für Kosten und Erträge der Betriebe und...

Das am 27. Juli 2001 in Kraft getretene reformierte Betriebsverfassungsgesetz war vor seiner Verabschiedung Gegenstand teils heftiger Diskussionen in Wirtschaft, Politik und Wissenschaft. Die Positionen bezüglich der zu erwartenden Konsequenzen für Kosten und Erträge der Betriebe und...

Taxes on short-term capital flows such as introduced in Chile and Slovenia during the 1990s in the form of unremunerated reserve requirements (URRs) on financial credits are under discussion as a remedy against adverse effects of volatile international capital flows. From a theoretical point of...

International bank portfolios constitute a large component of international country portfolios. Yet, their response to macroeconomic conditions and their impact on the international transmission of business cycles developments remains largely unexplored. We use a novel dataset on banks'...

Macroeconomic risks could magnify individual bank risk. Mitigating the influence of economy-wide risks on banks could therefore be very important to maintain a smooth-running banking system. In this paper, we explore the extent to which macroeconomic risks affect banks. We use a bank-level...

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...