Der Euro ist eine welthistorische Premiere. Noch niemals haben politisch unabhängige Staaten in diesem Umfang ihre Währungshoheit zu Gunsten einer gemeinsamen Währung aufgegeben. Auch das Europäische System der Zentralbanken (ESZB) und die Europäische Zentralbank (EZB) betreten Neuland mit...

This paper looks at the current shadow-banking practices of Chinese SME's and the question if these practices have a positive impact on the development of those SME's. For this pur-pose, new primary data is examined: Four case studies and two supplementary sets of data. Although the data volume...

The so-called Belt & Road initiative of China is the largest and most comprehensive global economic activity of our times. It consists on a land as well as a sea channel that covers more than 60 countries in Asia and Europe, around 65 % of the world population, one-third of world's GDP, and 25 %...

Over the last decade, Chinese outward direct investment (ODI) has been rapidly growing in technologically advanced countries. In this paper, the investment trends are explored with a particular focus on the United States of America and Germany. While the Chinese investors are interested in the...

The big Chinese state-owned banks came as winners out of the global financial crisis. According to the Banker ranking, Chinese banks led the global banking profitability ranking through the years from 2008 to 2010 and contributed one fifth of global banking profits in 2010. The Chinese banking...

The paper analyzes if and how the experiences of European integration can be used for the progress of East Asia integration especially of the ASEAN+3 countries1. Of special interest is the relevance of the new endogeneity approach of monetary integration for East Asia. The question is discussed...