unit, a so-called bad bank. This plan effectively addresses three key challenges. It provides for the transparent removal …

-out unit, a so-called bad bank. The key element of the plan is the valuation of troubled assets at their current market value … recapitalize the good bank by taking an equity stake in it. In extreme cases, this would mean a takeover of the bank by the …. A clear emphasis that the government stake is temporary would also be necessary. The government would cover the bad bank …

This chapter investigates the integration processes of immigrants in Germany by comparing certain immigrant groups to … Germany. …

Germany's labor market responded only mildly to the Great Recession. Important factors for this development include the … particularly affected by the crisis. Although Germany's experience is in stark contrast to the United States, we identify and …

miracle. In response to the crisis, Germany has shown to be a strong case of internal flexibility. We argue that important … reforms, the nature of the crisis affecting mainly export-oriented companies in Germany, the extension of short-time work, the …

of migration flows from the New Member States to Germany. We demonstrate that immigration increased substantially despite … that Germany would have been better off, had it immediately opened its labor market. Finally, the Great recession allows us …