This paper summarises the outcomes of the analysis of the ECB Crypto-Assets Task Force. First, it proposes a characterisation of crypto-assets in the absence of a common definition and as a basis for the consistent analysis of this phenomenon. Second, it analyses recent developments in the...

This paper summarises the outcomes of the analysis of the ECB Crypto-Assets Task Force. First, it proposes a characterisation of crypto-assets in the absence of a common definition and as a basis for the consistent analysis of this phenomenon. Second, it analyses recent developments in the...

Die Finanzkrise 2009 hat zu heftigen Diskussionen über die enge Verflechtung politischer Macht und ökonomischer Interessen geführt. Dass diese "normal" und die Krise weder einmalig ist noch die letzte ihrer Art, daran lassen die 27 Beiträge renommierter Autorinnen und Autoren keinen Zweifel....

This paper makes an empirical comparison of two simple monetary policy rules, the McCallum rule and the Taylor rule and uses them to assess the monetary policy stance of the ECB during the financial crisis. After the Taylor rule, the McCallum rule ranks among the most widely analysed nominal...