Schuder, Dr. Stefan

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...

Especially in times of economic tension, there is a feeling that financial markets do not contribute to the common good. In the course of increasing globalization, financial and currency crises not only harm the local polluters, but also seemingly uninvolved groups of society beyond national borders. Overall, international capital flows have a decisive influence on the development of the global economy due to their volume and speed. It is therefore necessary for financial markets to function in accordance with their...