In dem Artikel werden einige der Kriterien optimaler Währungsräume im Rahmen eines formalen Wohlfahrtsmodells aufgegriffen. Es wird der Frage nachgegangen, wie die Wohlfahrt der Mitgliedsländer einer Währungsunion durch symmetrische und asymmetrische nationale Outputschocks beeinflusst wird....

For the largest 55 German banks, we detect the presence of countercyclical yield seeking in the form of acquisition of high-yielding periphery bonds in the period from Q1 2008 to Q2 2011. This investment strategy is pursued by banks not subject to a bailout, banks characterised by high...

For the largest 55 German banks, we detect the presence of countercyclical yield seeking in the form of acquisition of high-yielding periphery bonds in the period from Q1 2008 to Q2 2011. This investment strategy is pursued by banks not subject to a bailout, banks characterised by high...