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[...]The final force of change is the continual evolution of thedelivery channels through which financial services are offered.This has occurred in many ways and in several stages. First, theuse of postal services substituted for physical market presence;this was followed by increased use of...
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direct investment opportunities, a bank-dominated financial system arises, in which banks provide liquidity transformation … secondary financial markets. Secondly, we analyze the effect a run on a single bank has on the entire financial system …. Interestingly, we can show that a bank run on a single bank causes contagion via the financial market neither in market-oriented nor …
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Ziel dieser Präsentation ist es, eine Verbindung zwischen Verbriefung und Finanzmarkstabilität unter Berücksichtigung veränderter Finanzintermediation herzustellen. In der folgenden Abhandlung soll nun zunächst auf die Natur der Verbriefung per se eingegangen werden, um sodann anhand...
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Climate change is one of the greatest challenges facing our planet in the foreseeable future anddespite the urgency of the situation global GHG emissions are still increasing. In this context,and since future climate changes appear now unavoidable to some extent, adaptation measureshave recently...
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The decline in unskilled workers’ real wagesduring the 1980s in the United States andthe increase in their unemployment …
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