“Imagine a world in which every single person on the planet is given free access to the sum of all human knowledge. That’s what we’re doing.” At a time when internet access is widely available, information is spread around the globe rapidly. This development enables people in various...

Selten war der Bedarf an aussagekräftigen, aktuellen und qualitativ hochwertigen Daten aus Wirtschaft und Gesellschaft so groß wie in der derzeitigen COVID-19-Pandemie. Neben dem Statistischen Bundesamt als zuverlässiger und etablierter Statistikproduzent treten zunehmend auch andere Akteure...

The practice of marketing has significantly changed among companies operating in Hungary since the economic transition with new emphasis, marketing activities and expectations have been emerged. This paper analyzes the role and significance of marketing in corporate practices; undercover the...

Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). The European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focused...

Für die Prinzipal-Agenten-Theorie ist es ein weitgehend ungelöstes Rätsel, warum reale Arbeitsverträge sehr geringe monetäre Leistungsanreize spezifizieren. In dieser Arbeit wird auf der Grundlage des Prinzipal-Agenten-Ansatzes ein Modell entwickelt, dass Fixlohnverträge erklären kann....

To test if safety nets create moral hazard in the banking industry, we develop a simultaneous structural two-equations model that specifies the probability of a bailout and banks' risk taking.We identify the effect of expected bailout probabilities on risk taking using exclusion restrictions...

The collapse of Overend Gurney and the ensuing Crisis of 1866 was a turning point in British financial history. The achievement of relative stability was due to the Bank of England´s willingness to offer generous assistance to the market in a crisis, combined with an elaborate system for...

The high credit card interest rates in Turkey attracted considerable attention in recent years to regulate the Turkish credit card industry. Before any regulation decision taken, there needs to be better conceptualization and analysis of the Turkish credit card market. This paper sheds some...