Despite his prominence in the socio-political debate on the German housing market before the First World War, Rudolph Eberstadt's (1856-1922) concept of speculation is largely ignored today by German scholars of economics and economic history. Accordingly, speculative operations on markets are...

Prior studies suggest that regulatory uncertainty is potentially detrimental to the wider economic performance, to the effectiveness of regulatory measures and to the objective of harmonized rules and a level playing field across jurisdictions. This paper discusses on the applicability of banks'...

This study addresses the post-financial crisis EU banking regulation reform CRD IV. The specific focus is on the relationship between increased capital requirements and the subsequent change in both supply and the price of bank credit. This study employs a twofold data consisting of a panel of...

Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Although the term usury conjures images of a greedy individual consciously acting to exploit the weak bargaining position of another by deceitful and even fraudulent means, we consider it as...

In times of digitalization, established firms operating in the financial services sector increasingly form alliances with start-up companies to satisfy the customers´ demand for rapid innovation and cope with the growing dynamics of markets. Technology-enabled innovation challenges traditional...

The paper aims to assess selected elements of the business models of credit guarantee schemes (CGSs) implemented in 20 European Union countries within the financial framework between 2007 and 2013. This paper focuses on the CGSs' financial additionality that depends mainly on how these programs...

Es steht außer Frage, dass die Überwindung der Covid-19-Krise und die damit verbundene Bereinigung von Bankbilanzen einen erheblichen Finanzierungs-‍, aber auch Risikoübernahmebedarf auslösen wird. Vor diesem Hintergrund stellt sich zu Recht die Frage, wie die bisher dominierende Form der...

The Covid-19 Pandemic and policy response rattled the USTreasury markets. Conventional US Treasuries, inflation adjustedUS Treasuries, and the relationship between the two developed inways such that ignoring changes in real interest rates yielded dis-torted inflation expectations estimates....

Die Digitalisierung hat neue Kanäle für Finanztransaktionen eröffnet, die sich für Banken als echte Konkurrenz erweisen können. Digitale Beratungsangebote und Crowdlending bieten den Kunden Chancen, ihr Vermögen unabhängig von Banken zu verwalten und Kredite untereinander zu vergeben....

Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated by arms’ length (capital-market oriented) interaction...