The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...

This paper analyses the degree to which firms expect to be able to enter new markets, to develop new products and to contend with new foreign competition after the introduction of the Euro. Panel data taken from a quarterly business survey in the service sector are used for the empirical...

Gender equality is a human right. This alone is reason enough for development assistance to consider the issue. In addition, there are a number of strong economic arguments for doing so. As an example, numerous studies have shown that countries with high levels of gender equality record higher...

Dies allein ist bereits Grund genug, das Thema in der Entwicklungszusammenarbeit zu berücksichtigen. Hinzu kommen handfeste ökonomische Argumente. So belegen zahlreiche Studien, dass Länder mit einem hohen Maß an Gleichstellung ein höheres Wirtschaftswachstum verzeichnen, als Länder mit...

In dieser Arbeit wird die Schätzmethode der Verallgemeinerten Momente (Generalized Method of Moments - GMM) vorgestellt. Neben der formalen Darstellung wird besonderes Augenmerk auf die notwendige Schätzung der Gewichtungsmatrix und auf Testmethoden im Rahmen der GMM gelegt. Anhand einer...

This paper introduces a multivariate kernel based forecasting tool for the prediction of variance-covariance matrices of stock returns. The method introduced allows for the incorporation of macroeconomic variables into the forecasting process of the matrix without resorting to a decomposition of...

Why does venture capital work in some countries but not in others? This clinical study of the first German venture capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis identifies the problem of creating appropriate governance...

This paper studies the globalisation of CPI inflation by analysing core, energy and food components, testing for structural breaks in the relationships between domestic inflation and a corresponding country-specific foreign inflation series at the monthly frequency for OECD countries.The...

In den letzten Jahren haben die Verkaufsfunktionen im Marketing wieder eine zunehmende Bedeutung erlangt. Dabei tritt die Frage nach der Vorteilhaftigkeit von Handelsvertretern und Reisenden im Vertrieb erneut in den Vordergrund. Die vorliegende Arbeit unternimmt eine vergleichende Analyse der...