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...

Mir geht es in dem vorliegenden Beitrag darum, den "wunderlichen" Prozess des politischen Sieges einer bestimmten Form des Wirtschaftsliberalismus in der deutschen Nachkriegszeit zu untersuchen. Diesbezüglich sind Erhards Reden zur Wirtschaftspolitik und dabei seine publizistische Aufarbeitung...

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...

Black Economic Empowerment (BEE) has been a major policy thrust of the democratic governments in South Africa since 1994 in attempting to redress the effects of apartheid. This paper explores the historical precedents to BEE in South Africa, its origins, and its points of contact with the...

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...

Keynesian economics dominated economic thought and macroeconomic policy-making in the 1950s and 1960s. However, the diffusion of Keynesian economics has been uneven. In this paper, we compare the spread of Keynesian economics in two continental European countries: Belgium and Italy. We focus on...

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...