The application and design of public-private partnerships between the extremes of purely public or purely private task fulfilment in public services is, in practice, subject to political processes. Decisions about PPPs (realisation, arrangement) are taken in the political arena and are therefore...

This paper examines the costs of recent sovereign defaults using synthetic control methods, a novel econometric technique based on comparative case studies. Evidence on the effects of debt crises is thus presented on a case-by-case basis, uncovering large variations in country-specific...

Towards the end of 2009, the world economy was recovering from its deepest recession since the end of World War II. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first discuss the pros and cons of discretionary fiscal policy from...

In etablierten Unternehmen ist das Risikomanagement ein fester und unumstrittener Bestandteil der Unternehmenssteuerung wie auch des Businessplanes, für dessen praktische Umsetzung es bewährte Enterprise Risk Management Systeme und Guidelines gibt. Aufgrund der völlig anderen Ausgangslage bei...