Assessments of investors' risk appetite/aversion stance via indicators often yields results which seem unsatisfactory (see e.g. Illing and Aaron (2005)). Understanding how such indicators work therefore seems essential for further improvements. The present paper seeks to contribute to this...

This paper analyses long- and short-term co-movements between 14 international real estate stock markets based on bivariate testing for cointegration and correlation analysis. The results indicate that there exist strong long-term relationships within economic and geographical regions, but less...

This study examines the impact of children's age within grade on school victimization in elementary school. Identification of age effects relies on the instrumental variables approach drawing on official school entry age rules based on children's month of birth. The empirical analysis uses the...

The aim of this paper is to examine the theoretical and empirical arguments for the relationship between the exchange-rate regime and economic growth. As a nominal variable, the exchange rate (regime) might not affect the long-run economic growth. However, there is no unambiguous theoretical...

Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...

The field of security policy seems to have undergone dramatic changes in the last decades. Under the broad umbrella of a turn to security governance, one can observe trends of an internationalization and privatization of security. Of these trends, one seems to stand out, that is the increasing...

Wenn ganze Finanzsystemen von radikalem Vertrauensentzug betroffen sind, so können dem nur Einrichtungen nachhaltig entgegentreten, die einen fast unbegrenzten Zugriff auf Ressourcen haben. Solche Einrichtungen können auch Selbsthilfegruppen sein, wie etwa ein Pool mächtiger Banken, wie das...

This article develops a theoretical framework to analyze the rise and spread of global public policy. After an introduction to the background of sociological institutionalism, it first elaborates on the role and functions of international organizations, identifying instruments by which these can...