Die am Finanzmarkt über Jahre geläufige Metapher vom Ende des Zyklus, die als Rechtfertigung für die beispiellosen Aktienkursniveaus Ende der 1990er Jahre herhalten musste, erwies sich als Schimäre. Wie konnte es zu diesen Übertreibungen an den Aktienmärkten kommen? Welche Rolle kommt der...

The introduction of a common currency as well as the harmonization of rules and regulations in Europe has significantly reduced distance in all its guises. With shrunken costs of overcoming space, this emphasizes centripetal forces and it should foster consolidation of financial activity. In a...

The introduction of a common currency as well as the harmonization of rules and regulations in Europe has significantly reduced distance in all its guises. With shrunken costs of overcoming space, this emphasizes centripetal forces and it should foster consolidation of financial activity. In a...