Traditional financing of the Autobahns (motorways) through taxationis reaching its limits. For years, the road infrastructure has been used until itwears out. The level of investment in the road network does not match increasingtraffic flows. Without private involvement and firmly earmarked...

Das Internet stellt die Steuerpolitik vor neue Herausforderungen. Bei der Umsatzsteuer erschwert die mangelhafte Identifizierbarkeit der Konsumenten die Besteuerung des E-Commerce. Die Umsetzung des international üblichen Bestimmungslandprinzips ist kaum möglich.(...)

In this paper we want to discuss macroscopic and microscopicproperties of financial markets. By analyzing quantitatively a database consisting of 13 minute per minute recorded financial time series, we identify some macroscopic statistical properties of the corresponding markets, with a special...

The divergence between increasingly supranational financial marketson the one hand and still largely national supervisory structures onthe other gives rise to tensions which reduce the effectiveness ofthe supervision.(...)

In light of the recent financial crises in the emerging markets, the coming-into-force of the financial services agreement under the GATS has been considered a success. While the agreement provides forlittle new liberalization but rather formalizes the status quo, it was feared that governments...

Glaubt man den amtlichen Statistiken, so gibt es wenig Anzeichen dafür, dass sich in Old Europe eine New Economy entwickelt. Andere Daten und Umfragen zeigen, dass auf dem Internet basierende Geschäftsmodelle rapiden Einzug in die Wirtschaft halten...