Diese Untersuchung beschäftigt sich mit den Wechselwirkungen, die zwischen einer alternden Gesellschaft und Kapitalmärkten bestehen. In diesem Zusammenhang ergeben sich eine ganze Reihe interessanter Fragen, die…
The ECB reform is designed to meet the challenges of an enlarged monetary union in the ECB Council. The reform is assessed by analysing alternatives for the classification of governors into groups of the…
The paper examines the applicability of GDP-linked bonds for the financing of developing countries and emerging markets. GDP-linked bonds are bonds of which the coupon and/or redemption payments are tied to…
Recent research suggests that the power law is one of the most universal laws in nature and it also seems to work quite fine in economics and finance. In this paper we show that the power law explains extremely…