Finanzsystem - auf stagnierende Realeinkommen mit einer immer ausgedehnteren Kreditaufnahme reagiert. Nur so konnte der private …

recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large …

around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that …

the world economy. This matter is settled by arguing that the global imbalances acted as a "handmaiden" to the 2008 …

monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … world economy. The backlash of high government debt levels on monetary policy making is argued to have led to a hysteresis … displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …

The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first … deflationary impulses for the rest of the world economy. The jury is still out on whether the second largest economy, China, will …