The estimation of an ordered probit model for currency reforms trying to end 31 hyperinflations and three big inflations of the 20th century shows that the introduction of an independent central bank and the adoption of a credibly fixed exchange rate are crucial for the success of a currency...

Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for...

On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the papers in this publication discuss from different...

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan market turmoil reminded us - central banks play a crucial role in financial markets not only in setting monetary policy, but also in ensuring their soundness and stability. In this...

Aus mehreren Anlässen lohnt es sich derzeit, über die grenzüberschreitende Dimension der Raumentwicklung Bayerns nachzudenken. Erstens ist auf bayerischer Ebene eine neue Aufmerksamkeit für Fragen der grenzüberschreitenden Entwicklung festzustellen. Dies bezieht sich vor allem auf die...

Dieser Einführungsbeitrag verfolgt drei Ziele: Zunächst werden die Grenzräume Bayerns kurz skizziert. Sodann werden aus institutionell-politischer Perspektive drei Ansätze eingeführt, um die Governance-Strukturen in den Grenzräumen zu reflektieren, namentlich die institutionelle...

The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...

Developing responsive to needs, efficient and sustainable long-term care systems for elderly becomes due to rising demographic pressures an urgent issue all over Europe. Czech Republic is among the countries that have redesigned long-term care system according the principles of accessibility,...

The goal of this project was twofold. The first objective was to find out to what extent publicly available beneficiary data (from managing authorities and commercial databases) could be used for quantitative, econometric counterfactual analysis. This led to a second objective: in the countries...

Bei der vorliegenden Untersuchung hadelt es sich um eine zeitlich begrenzte Kurzrecherche, nicht um eine breit angelegte Studie. Zur Erforschung des aufgezeigten Gegenstandes wurden die Interviews in 12 Konzernen durchgeführt, die bereits in der Studie 'Lehrjahre des europäischen Betriebsrats'...