Products

Even 20 years after the fall of the Wall, the phenomenon of east-west migration within Germany is still of great importance. The extent and the selectivity of these migration movements reached unimagined dimensions. Against this background, this thesis analyzes and answers two of the economically relevant questions that arise in this context: the question of the macroeconomic determinants of east-west migration and the question of the future extent of these migration movements. Details Title: East-West migration in reunified Germany Subtitle:...

This dissertation deals with longer-term relationships between the exchange rates of the world's most traded currencies. The aim here is to uncover common developments in exchange rates using empirical methods and to analyze the causes of these common developments. Initially, explanatory approaches based on traditional macroeconomic exchange rate models are used. Due to the low explanatory content of these traditional models, not only longer-term common developments of exchange rates that are detached from fundamental dynamics are revealed in the following,...

Against the background of the considerable costs of the banking crises in recent economic history, four questions are asked in this thesis: On the one hand, how banking crises arise and, derived from this question, how banking crises can be avoided. On the other hand, how banking crises develop and, derived from this question, how banking crises can be managed. The work consists of three parts: In the first part, banking crises are considered from an economic theory perspective. Building...

Central banks have an important position in national economies because they influence fundamental economic parameters such as price levels, interest rates and exchange rates with monetary policy decisions. Due to the outstanding position of the central banks and the developments in the course of the financial crisis since 2007, the question arises to what extent monetary policy interventions can create stability and reduce the extent of crises. The present work offers an answer based on a macroeconomic portfolio model, in...