Robo-advisors are novel tools in financial markets that provide investors with low-cost financial advice, usually based on individual characteristics like risk attitudes. In a portfolio choice experiment running over 10 weeks, we study how much investors benefit from robo advice. We also study...

This paper shows that currency arrangements impact on credit available through default incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. With the Euro Area context in mind, we capture differences in credit market integration by...

Finanzmärkte sind heute wesentlicher Teil des Wirtschaftslebens und zugleich bedeutendes Phänomen der modernen Gesellschaft. Warum gibt es Finanzmärkte und wozu dienen sie? Wer nimmt an Märkten teil? Nach welchen Gesichtspunkten werden Finanzentscheidungen getroffen und Portfolios gebildet?...

"Describes the economic, political and legal antecedents of financial crises in the western market economies. By describing how these events developed in the past and how the markets can be used to gauge the threat of future contagion, the book provides a roadmap for how we can avoid financial...

"Comprehensively deals with worldwide agriculture markets, spikes in agricultural commodity prices, trading strategies (CTAs and others), the agribusiness industry, the challenges of feeding the planet, and the subjects of land, water, fertilizers, biofuels and ethanol"--