In this paper we give an overview, with special emphasis on Germany, of the recent development of the market for venture capital. We analyse the financial contracting problems that arise when entrepreneurs need capital from outside investors, and demonstrate how these problems are addressed by...

EEAG’s 2007 Report provides a comprehensive forecast for the European economy for the coming year, with a special section on Eastern European countries. In addition, it addresses several important policy issues, including an in-depth examination of whether the features of the Scandinavian...

Alemania tiene una amplia experiencia en subsidios que afectan el empleo, como los que discute actualmente en Chile el Consejo Asesor Presidencial de Trabajo y Equidad. Existe, entonces, la oportunidad de apreciar cuáles iniciativas han dado resultado y cuáles no. En estas páginas se sostiene...