In the light of the unconventional monetary policies conducted by the majority of large central banks around the world, there is an intense debate about their potential impact on the prices of capital assets. Particularly in Germany, skepticism about the sustainability of the recent policy by...

I show how irrational ideas and rumors can drive asset prices - not because anyone believes them, but because they are commonly known without being common knowledge. The phenomenon is driven by short-term market participants who are well-informed about the information that others have, and who...

The economic growth of the Baltic Region after independence has largely been realised through numerous reforms and capital market liberalisation. The Estonian economy in the past two decades was highly leveraged and characterised by the increase in real estate prices. This market had the pattern...

Our article consists of the following 4 parts: - In the first part: documented the importance of credit risk with the presentation - analysis of the growth of 6 Greek major financial institutions loan portfolio, for the period 2001 to 2008 and comparison of the loan amount with their own funds...

On-farm agricultural biodiversity conservation has long been recognized as a fundamental resource to the maintenance of ecologic and economic functions. Among the factors affecting biodiversity, institutional failures at different scales are reported as potential causes of biodiversity loss both...

An increasing number of hazardous natural phenomena is one of the results of climate change for Russia. Risks increase in coastal areas with high concentration of hazards and high density of population and economic activity. In 2012, an integrated damage from floods was about 1 billion euros;...