This book explores the interactions between private sector development, public policies and societal institutions with a strong view on contributing to sustainable and inclusive development in emerging countries. The private sector is often praised as an engine of economic growth. This belief...

Based on Schumpeterian theoretical considerations, this paper investigates the innovation behavior of firms during the severe economic crisis of the year 2008/2009. It focuses on transition countries of Central and Eastern Europe and Central Asia, which have completely restructured their...

Die möglichst umfassende und präzise Erfassung der FuE Aktivitäten deutscher Unternehmen bildet eine zentrale Voraussetzung für die Ableitung zielgerichteter und passgenauer innovationspolitischer Maßnahmen sowie für die Konzeption zukunftsweisender Förderlinien. Der Stifterverband nimmt...

This paper examines the sensitivity of financial sector stock returns to two risk factors – interest rates (both long-term and short-term) and exchange rates. Specifically we investigate the impact of the European Union and the introduction of the euro on European financial sector risk in the...

Asymmetrische Anpassung von Geschäftsbankenzinsen im Eurogebiet: Eine empirische Analyse des Zins-Pass-Through Unsere Studie erweitert die traditionelle Literatur des Zins-Pass-Through durch die Berücksichtigung von Kointegrationsbeziehungen und der korrespondierenden...

The surge in cross-border banking prior to the 2007 / 08 global financial crisis took place not only in the interbank market but also in the retail market, e.g. between banks and their private customers abroad. Cross-border retail activities of banks now account for a substantial share of total...

"Anpassung mit Wachstum" oder Schuldenerleichterungen? Die theoretischen Grundlagen einer verstärkten Kooperation von IWF und Weltbank Der Baker-Plan und die neuen Strukturanpassungsfazilitäten des Internationalen Währungsfonds betonen – für jeweils unterschiedliche Ländergruppen -- die...

We examine the impact of the existence on an explicit deposit insurance (DI) scheme and its design features on bilateral cross-border deposits (CBD) in a gravity model setting. We find that both the absolute quality of a country's DI and its relative quality vis-à-vis other countries' DI...