Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...

Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...

This article discusses the influence of speculators in the futures market on crude oil prices. The results suggest the dispersion in beliefs influences both crude oil prices and price volatility. -- Crude oil market ; futures market ; speculation

This article summarizes important aspects of illegal immigration. We analyse incentives of illegal immigrants as well as those of their employers by applying basic principles of labour economics, and by customising the workhorse of the economic theory of crime to suit the labour market for...

Vorüberlegungen zur Evaluation des deutschen Strafvollzuges -- Ergebnisse der Inhaftierten- und Bevölkerungsbefragung -- Ergebnisse der Befragung von Anstaltsleitungen -- Analyse der Länderhaushalte im deutschen Justizvollzug -- Schlussbemerkungen.