The present paper studies dependencies between European stock markets when returns are unusually large, using daily data on stock market indices for Germany, the United Kingdom, France, the Netherlands and Italy from 1973 to 2001. Dependency is measured by the conditional probability of an...

Merchant guilds have been portrayed as "social networks" that generated beneficial "social capital" by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling...

Im Zentrum von Herbert B. Schmidts Lebenswerk steht die Privatisierung der Wirtschaft im Baltikum. Sie hat vielen von der Sowjetunion unter Kuratel gehaltenen Nationen bei ihrem Transformationsprozess langwierige und kräftezehrende Umwege erspart. So wurde das Fundament für ihren Aufstieg...

European public discourse often frames (forced) migration solely as a security issue and ignores the implications of societal diversity for health, quality-of-life and well-being, in both Africa and Europe. The present volume offers an interdisciplinary and international look at the relationship...