Die Ursachen der beiden größten ökonomischen Katastrophen in den letzten 100 Jahren – die Weltwirtschaftskrise in den 1930er-Jahren und die Finanzkrise seit 2008 – gleichen einander wie ein Ei dem anderen. Beide entstanden infolge eines krassen Kreditbooms, dubioser Bankpraktiken sowie...

This paper pursues the comparison of economic integration today and pre 1914 for trade as well as finance, primarily for the United States but also with reference to the wider world. We establish the outlines of international integration a century ago and analyze the institutional and...

Using quantile regression and a rich cross section data set for German manufacturing plants this paper documents that the impact of plant characteristics on export activities varies along the conditional size distribution of the export/sales ratio. For example, firm size is statistically...

Global trade is of vital interest to citizens as well as policymakers, yet it is widely misunderstood. This compact exposition of the market forces underlying international commerce addresses both of these concerned groups, as well as the needs of students and scholars. Although it contains no...

Using quantile regression and a rich cross section data set for German manufacturing plants this paper documents that the impact of plant characteristics on export activities varies along the conditional size distribution of the export/sales ratio.