This thesis analyses symmetric and asymmetric interdependencies of financial markets through time for returns and variances. The work contributes to the literature in several areas: Symmetric interdependencies (correlations) are examined in the first part where a new bivariate correlation...

The present thesis consists of seven papers specifying and analysing models of direct-interactions-driven collective economic phenomena. Within theories and models of coordination in large decentralized market economies (and analogously also within theories and models of coordination in natural...

Entscheidungen sind nach allgemeinem Verständnis durch die Wahl zwischen wenigstens zwei Alternativen unter Berücksichtigung eines Auswahlkriteriums - gemeinhin Ziel genannt - gekennzeichnet, wobei die Auswirkungen dieser Alternativen im wesentlichen in der Zukunft liegen ...

This paper is about contagion and interdependence among Central European economies. It investigates the extent to which country-specific shocks spread across these countries beyond the normal channels of interdependence, taking into account common external shocks. To model such shocks, we make...