Die Analyse ökonomischer Schocks und ihrer Wirkungen auf den Wirtschaftsprozeß anhand vektorautoregressiver (VAR) Modelle steht im Mittelpunkt der vorliegenden Arbeit. In einem einfachen aggregierten Angebots-Nachfrage-Modell wird dabei zwischen Angebots- und Nachfrageschocks und ihren...

This paper focuses on the question whether West German firms have experienced an increase in their financial risk position with due implications for the macroeconomy. The investigation is based on a special evaluation of the balance sheet statistics by the Deutsche Bundesbank broken down into...

The changes in the financial structures of West German industrial enterprises have been investigated in Größl/Stahlecker/Wohlers (2001). The empirical analysis confirmed the hypothesis that small and medium-sized enterprises are confronted with higher - and even rising - financial risks than...