Eine Kreditklemme der privaten Firmen trägt nach Meinung von Frank Westermann, Ph.D., Universität München, zu der derzeitigen Verlangsamung des Wirtschaftswachstums in Deutschland bei. Insbesondere kleinere Firmen sind hiervon betroffen, während große Firmen verstärkt alternative...

Daily data from the German and U.S. equity markets before and after the introduction of the Euro are used to study the effect of exchange rate regime choices on equity markets. It is found that, since the introduction of the Euro, the volatility and the persistence of the German stock index have...

The analogy between the economic problems of the Mezzogiorno region and East Germany has been initially contested by many authors. This paper argues that there are striking similiarities in the two regions, in terms of the causes of their economic predicament. With an aggregate labour...