Liquidity shocks are a core risk of the business model of commercial banks, which is founded on a liquidity mismatch between the banks' liabilities and assets. A substantial part of the banks' funding comes from short-term retail and wholesale funding, whilst a substantial part of the assets are...

Shadowy Banking is financial activity that is engineered to extract implicit subsidies from government safety nets. It substitutes innovative corporate entities and products for activities that could be performed more straightforwardly within a traditional banking firm. The shadows obscure...

Forschung, Bildung und Wachstum -- Soziale Mobilität und Ungleichheit. - Arbeitsmarkt und Sozialpolitik -- Steuern und Staat -- Industriepolitik und internationaler Handel -- Geldpolitik, Banken und Finanzierung -- Unternehmen und industrieller Wandel.