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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...
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In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
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Although there are currently four retail central bank digital currencies in circulation, no central bank has yet issued the wholesale form of a central bank digital currency. There are good reasons to do so, however, and central banks have already conducted projects in this area. A wholesale...
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Whereas employee participation is generally conceived to facilitate implementation of organizational change, only limited research has investigated whether it may reduce the negative effects of downsizing. The present study compares two Swedish hospitals that implemented downsizing in different...
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Kolumbien ist seit den 1960er Jahren einem gewaltsamen Konflikt ausgesetzt, der seitdem immer wieder bewaffnete … Zusammenhang zwischen der Entwicklung der Selbständigkeit in Kolumbien und den Folgen des Konflikts besteht. Auswirkungen zeigen …Colombia has been embroiled in armed conflict since the 1960s. This has led to repeated armed attacks and the …
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