We examine the impact of increasing competition among the fastest traders by analyzing a new low-latency microwave network connecting exchanges trading the same stocks. Using a difference-in-differences approach comparing German stocks with similar French stocks, we find improved market...

We examine the impact of increasing competition among the fastest traders by analyzing a new low-latency microwave network connecting exchanges trading the same stocks. Using a difference-in-differences approach comparing German stocks with similar French stocks, we find improved market...

Seit Anfang 2022 normalisiert sich die Geldpolitik im Euroraum schrittweise. Infolgedessen steigen die Anleiherenditen hoch verschuldeter Länder wie Italien und Griechenland stärker als die von Ländern mit niedrigerer Verschuldung, wie beispielsweise Deutschland - eine Entwicklung, die als...

Die Europäische Zentralbank hat im Dezember 2021 mit einer ,Normalisierung' ihres geldpolitischen Kurses begonnen. Anders als die Federal Reserve kann sie aber dem Preisschock auf den internationalen Energiemärkten nicht mit einer entschiedenen Restriktionspolitik begegnen, weil die...

The digital economy is an alternative to the traditional economy, an area of the future on which investment and R&D efforts are focused both by European forums and by Member States, which have understood the importance of the domain with the onset of the pandemic crisis. The aim of the research...

The digital economy is an alternative to the traditional economy, an area of the future on which investment and R&D efforts are focused both by European forums and by Member States, which have understood the importance of the domain with the onset of the pandemic crisis. The aim of the research...