Die Fehlleistungen der marktbeherrschenden US-amerikanischen Ratingagenturen ließen den Wunsch nach Etablierung einer großen europäischen Ratingagentur laut werden. Erich Harbrecht und Martin Wieland, Deutsche Bundesbank, halten eine Forderung nach einem Gegengewicht zu US-Agenturen nicht...

Due to the rising costs of periodicals and the necessity of assuring access to the research results of the scientific community, new publishing models are required. Most of them are based on the distribution of financing costs among all participating authors, affiliations or countries according...

This paper analyses the concept of Rational Expectations Equilibrium in a simple dynamic model of assets price determination and the important implications for the relative concept of informational efficiency.