“Light” welfare states were perceived by some as one source of East Asian economicdynamism. Didier Jacobs has examined the strengths of several East Asian socialwelfare systems and the challenges they face after the financial crisis.Japan has a fully-fledged social welfare system. Yet her...

Schweizer Private-Banking-Anbieter gehören trotz starken Ertragseinbrüchen im Zuge derFinanzkrise weiterhin international zu den wettbewerbsfähigsten Instituten. Offshore-Strategienstagnieren allerdings und kommen unter Druck. Dies zeigt die neueste «International PrivateBanking Study» des...

Despite severe revenue shrinkage in the course of the financial crisis, Swiss private banks canstill be found among the most competitive players internationally. However, offshore businessmodels have stagnated as pressure on them intensifies. The latest edition of the«International Private...

The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...

This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects of the countries of central and eastern Europe, the Caucasus and Central Asia, which began an economic transition about two decades ago. We use cross-country growth regressions,...

Ziel des vorliegenden Papiers ist es, den Einfluss makroökonomischer Größen auf die Einkommensungleichheit zu untersuchen. Auf Basis des sozio-ökonomischen Panels (SOEP) analysieren wir erstmalig diesen Zusammenhang für Deutschland. Dabei ist zu beobachten, dass die makroökonomischen...

We investigate the extent to which the investment slowdown in many Asian countries since the Asian Financial Crisis is attributable to changes in governance institutions. In the process we test the more general hypothesis that different aspects of governance will become relevant constraints to...

In dem Report werden die möglichen mittel- bis langfristigen Investitions- und Wachstumswirkungen der strukturellen Veränderungen des deutschen Finanzsystems, ausgehend von einer Reihe von Gesetzesreformen seit Beginn der 1990er Jahre, untersucht. Ein Vergleich mit den USA zeigt dabei, dass...

This paper analyzes the impact of global financial and economic crisis on the process of system transformation in China. First, it details the direct impact of global growth on macroeconomic development and its indirect impact on economic transformation. Second, it analyzes the direct impact of...