Capital Markets Union in Europe with fully integrated capital markets across member countries can only work when the status of member country sovereign bonds as risk-free assets is restored. Banking Union and…
In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks, precipitating a run on their short-term debt. We assess the effectiveness of different…
Vor dem Hintergrund der Debatte über die Höhe gesamtwirtschaftlicher Investitionen vergleicht der vorliegende Bericht den Befund der Studie "Digitalisierung im Mittelstand: Status Quo, aktuelle Entwicklungen und…
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote…
Deutsche Unternehmen haben niedrige Erwartungen an die Wirksamkeit des Paris-Abkommens. Rund 60 % gehen nicht von einer nachhaltigen globalen Reduzierung von Treibhausgasemissionen als Folge der…
Witnessing stock-market history in the making creates a vivid story, but does not provide valuable information. However, finance professionals extrapolate from personally witnessed returns, which we show by…
This paper analyzes the impact of job creation schemes (JCS) on job search outcomes in the context of the turbulent East German labor market in the aftermath of the German reunification. High job destruction…
