Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...

Modern finance has a conceptually unified theoretical core that includes the efficient market hypothesis (EMH), the relationship between risk and return based on the Capital Asset Pricing Model (CAPM), the Modigliani-Miller theorems (M&M) and the Black-Scholes-Merton approach to option pricing....

Redakteure der Frankfurter Allgemeinen Zeitung befassen sich mit Finanzkrisen der Vergangenheit und mit der jetzigen "Subprime"-Krise. Im 1. Teil geht es um Crashs der Vergangenheit, beginnend mit dem 1. Staatsbankrott in der Regierungszeit Kaiser Karls V, über die Spekulationsblase am...

Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...