The paper explores business cycles and growth dynamics in emerging East Asia within an ultra-low interest rate environment from the perspective of the monetary overinvestment theories of Mises and Hayek. It argues that, given a low interest rate environment in the large industrialized countries,...

The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...

Veränderungen im makroökonomischen Umfeld -- Die japanische Kreditwirtschaft in der Krise -- Rolle der Klein- und Mittelunternehmen für die japanische Kreditwirtschaft -- Entwicklung der Ertrags- und Kostenstrukturen der Regionalbanken im Vergleich -- Neue Ertragsquellen -- Perspektiven für...