European monetary integration was one element in the process of financial market integration but by far not the only one. The paper traces the development of financial markets and systems in Europe from the beginnings of the euromarkets in the 1950s over early exchange rate arrangements and the...

Zahlungs- und Schuldendeckungsfähigkeit stellen finanzwirtschaftliche Existenzbedingungen dar, deren Einhaltung in Bankenkrisen gefährdet ist. Das war nicht anders in den Bankenkri-sen der National Banking-Ära der USA. Fraglich ist, ob mit der Einführung des Federal Re-serve Systems eine...

The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system took place and trace back the development of wage...

Nordic historians have asserted for a long time that in the Nordic countries only few people, if any, perceived increased threats of war prior to the World War II outbreak. This would explain, and possibly excuse, why their governments did not mobilize their armies until it was too late. This...

The paper provides a historical overview of the institutional development of the structural elements of the standard employment contract in Germany from the beginning of World War I until the outbreak of World War II. For this purpose, a model of the standard employment contract including...

This paper studies Anglo-Dutch premium auctions used in the secondary market for financial securities in eighteenth-century Amsterdam, Europe's financial capital at the time. An Anglo-Dutch premium auction consists of an English auction followed by a Dutch auction, with a cash premium paid to...