Upholding the EU fiscal rules at the elevated public debt level due to the Corona crisis would trigger a phase of long-standing austerity in the euro area. In this study, major proposals for reforms are reviewed, with a critical focus on the expenditure rule, which is central in many...

The article discusses the ongoing green transition towards climate neutrality in 2050 with a focus on the options of green growth, zero- or de-growth. First, the key facts about the greenhouse effect and the status quo are shown with special attention to the industrialisation of emerging...

The paper analyses the enigmatic high growth in Ethiopia from 2004 to 2015 (10.9% p.a.) and gauges the prospects for the future. In 2000, Ethiopia was the poorest country on the globe in per capita GDP - a mere 124 USD in current prices. The main finding is that the take-off was driven by...

Foreign exchange markets are the biggest financial markets on the globe, the dollar-euro market is the biggest among them with a daily turnover of $1.3 trillion. This market is the interface of the euro bloc and the dollar bloc which use mainly one of the major currencies, comprising 45-60% and...

Die aktuelle Finanz- und Wirtschaftskrise wird mit unterschiedlichen Erklärungsmustern unterlegt. Die vorherrschende Meinung ist, dass sowohl die Märkte als auch der Staat in Hinblick auf Finanzmarkttransaktionen versagt hätten. Jan Priewe sieht demgegenüber in den globalen wirtschaftlichen...