The three chapters of this thesis look at the interaction of monetary and regulatory policy with financial markets. The first chapter analyses optimal monetary policy in the presence of liquidity constrained consumers, the proportion of which varies with house prices. In the second chapter, the...

Global change has become eminent in our everyday lives. Slowly, but noticeably, the faces surrounding us represent the international global community. Climate doomsday is as present as ethnical and religious controversy. The press reports how eastern German women to flee the catastrophic...

The ongoing globalisation has not stopped short of the banking sector. From a political point of view wide voiced concerns about the effect of such banking globalisation have arisen. From a scientific perspective, one of the open points left for dicussion, is the question which factors shape...