We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolar structure still lacks basic conditions for perfectly integrated markets.

We investigate RMB pricing differentials for onshore and offshore trading. Testing for long memory, we find strong persistence in the pricing differential. Hence, the Chinese FX market in its bipolarstructure still lacks basic conditions for perfectly integrated markets

Staatliche Innovationsförderung erklärt Firmen, besonders kleinere Unternehmen, die Hindernissen zur Innovationstätigkeitgegenüberstehen, zu unterstützen. Frühere Studien haben gezeigt, dass staatliche Programme diese Ziele nicht erreichen. Aber in der Vergangenheit wurde hierbei selten...

The dissertation consists of two parts. The first part investigates whether and how to protect cultural goods. In particular, Chapter II analyses how the notion of social identity affects the respective demand for protection of cultural goods independent of its tangible or intangible nature....