Mit seiner Einführung in die "Die Ära Adenauer" (BA 2/03) hat der Historiker bereits gezeigt, dass er komplexe Zusammenhänge einem breiten Publikum vermitteln kann. Das gilt auch für seine jüngste Veröffentlichung, wenngleich sich das Interesse am politischen Vermächtnis der vormaligen...

Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...

This study empirically examines the development of the high-yield segment of the corporate bond market in the United States, as a pioneer country, and the United Kingdom and the euro area, as later adopting countries. Estimated diffusion models show for the United States a significant pioneer...

What shapes and drives capital market development over the long run? In this paper, using the asset portfolios of UK life assurers, we examine the role of regulation, historical contingency and political reactions to events on the long-run development of the UK capital market. Government...