There is a high diversity in the possibility of raising funds for municipalities; in particular the possible sources of revenue for financing the municipalities are high. There are certain ways of financing, which are represented in all municipalities, regardless of their economic structure, the...

Die Verwirklichung des europäischen Binnenmarktes erhöht die Mobilität der Produktionsfaktoren in einem Wirtschaftraum ohne Grenzen. Dies verstärkt die Standortkonkurrenz. Trotz zunehmender Harmonisierung und Zentralität im europäischen Maßstab ist die Bedeutung der dezentralen lokalen...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...