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The paper discusses central avenues of reform in the pension and health system. The core issues are the distinction of large and small risks and the role of a competitive approach to reorganise the health system.
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In dem Beitrag werden zentrale Reformschritte bei der Reorganisation der Alterssicherung und des Gesundheitswesens diskutiert. Im Zentrum steht die Unterscheidung von großen und kleinen Risiken und die Rolle des Wettbewerbs bei der Reform der Krankenversicherung.
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Germany's capital market relies on bank-intermediated products and not so much on capital market processes. Two of the … pillars in Germany's three-pillar banking system, the savings banks and the cooperative banks, have special statutes and are … public guarantees. In the financing of firms, bank credits are far more important relative to market products - equity and …
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