Die Wurzeln der Finanzkrise liegen in den Zielen und Praktiken, die die Banken schon seit den 90er Jahren des letzten Jahrhunderts verfolgen. Die Bankenaufsicht hat nicht rechtzeitig gegengesteuert. Um in Zukunft Krisen zu verhindern, schlägt Paul J.J. Welfens vor, die Bankenaufsicht zu...

The 1980s have witnessed the globalization of markets and an intensified international competition. The rise of the newly industrializing countries and the growth of multinational enterprises-developing parallely to foreign direct investments-have contributed considerably to this trend. However,...

This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...