Keynesian-inspired macro regulation gained importance in West German economic policy from the mid-1960s and was enshrined in law through the Stability and Growth Act in 1967. In the context of the legislative process, the question arose as to what extent the Deutsche Bundesbank should be given...

We identify two approaches to financial crises in the history of political economy, namely, the exogenous approach whereby financial crises are sudden events, and the endogenous approach whereby they arise from a long process. In focusing on the endogenous approach, we study the contributions by...

This paper empirically examines the pass-through of the Central Bank of Nigeria policy rate to commercial banks' retail rates. The study covers the pre-liberalization (1962M01-1987M07) and post-liberalization (1987M08-2020M09) periods, and em- plys asymmetric cointegration and error-correction...

We apply machine learning models to a universe of 20,185 finance articles published between 1976 and 2015 on 17 finance journals, and objectively identify 38 research topics. The financial crisis, hedge/mutual fund, social network, and culture were the fastest growing topics, while market...

Purpose: Global merger and acquisition and capital market activity have increased over the last decade. A key determinant of the value of these transactions are the results of corporate valuations, which require technical expertise as well as professional judgement. The purpose of this research...

This study explores the challenges faced by Micro, Small, and Medium Enterprises (MSMEs) in India, with a specific focus on export-related issues, including quality standards, document acquisition, and compliance with foreign regulations. Using a sample of 163 MSME service providers from 2019 to...

Es steht außer Frage, der deutsche Staat ist chronisch unterfinanziert. Man kann von einer öffentlichen Armut in Form von Staatsverschuldung sprechen, der auf der anderen Seite ein gleich großes, aber völlig ungleich verteiltes Vermögen als privater Reichtum gegenübersteht. Die...

The article presents a historical review of the literature related to the empirical problem of excessive risk premium. The risk premium (the difference between the return on equities and risk-free rate) observed in financial markets cannot be reconciled with theoretical models of financial...

Since Hyman Minsky’s death in 1996, much has been written about financialization. This article - by means of the synthesis, interpretation, and assessment of an extensive literature - explores the issues that Minsky examined in the last decade of his life and considers their relationship to...

Corporate financial economic programs are almost universally featured in economics and management degrees and, therefore, are an essential component of the culture-building process for current and future economists and managers. Nevertheless, these programs are not restricted to financial...