This paper addresses the question of how farmers displaced by acquisition of agricultural land for the purpose of industrialization ought to be compensated. Prior to acquisition, the farmers are leasing in land from a landlord, either a private owner or a local government. There are three sets...

The existence of a self-regulating arbitrage mechanism under the gold standard has been tradi-tionally considered as one of its main advantages, and attracted a corresponding research interest.This research is arguably relevant not only to test for the effciency of the gold points, but also...

Monetary union in Germany as part of the reunification process required a conversion rate between the Deutschmark and the Mark, the currencies of West and East Germany respectively. Flows (in particular wages and pensions) were converted at a rate of 1:1, whilst there were different conversion...

Ein IFRS-Abschluss hat die Vermögens-, Finanz- und Ertragslage sowie die Cash-flows des Unternehmens den tatsächlichen Verhätnissen entsprechend wiederzugeben. Daher müssen IFRS - Bilanzierer Geschäftsvorfälle, sonstige Ereignisse und Bedingungen gemäß den im IASB-Rahmenkonzept...

In a qualitative leadership study conducted in the German-speaking part of Switzerland thequest to be oneself i.e., to be authentic was found to be central for leadership. We will presentthe results in detail and highlight the difficulties leaders experience when trying to beauthentic in their...

This paper considers the currency composition of sovereign debt in the context of risksharingthrough excusable defaults. It is shown that monetary credibility is not asufficient condition for borrowing in domestic currency. With real exchange rate risk,debt denominated in a borrowing country’s...

The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility. Fragility is assumed to affect theauthorities’ sensitivity to a combination of high real interest rates and unemployment.An increase in fragility expands the region of...

Credibility weighting is helpful in many insurance applications where sparse data crave information from other sources of data. In this paper we aim at estimating a hazard curve using the nonparametric kernel method...

This paper provides bonus-malus systems which rest on different types ofclaims. Consistent estimators are given for some moments of the mixingdistribution of a multi equation Poisson model with random effects...