This paper analyzes the U.K. Supreme Courts' decision on how customers of Lehman Brothers (International) Europe, the U.K. affiliate of Lehman Brothers Inc., ruled on Part 7 of the U.K. Client Money Fund regulations. The paper also compares the differences between the U.S. Customer Segregation...

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...

The German economy is struggling to emerge from stagnation. GDP is likely to increase again in 2024, but the economic momentum will remain low. The strong growth in real disposable income will boost private consumption. However, the increases in interest rates continue to weigh on construction...

The resilience of the German banking system is studied on the semiaggregated level from 1968 to 2022. We distinguish between Large Banks, Regional Banks, Landesbanken, Sparkassen and Credit Unions and study their z-scores as a measure of resilience in response to the monetary policy stances of...

4 U^ €23 *oz Europäisches Zentrum für Föderalismus-Forschung Tübingen Rudolf Hrbek / Peter Bußjäger (Hrsg.) Finanzkrise? Staatsschulden und Föderalismus - Wege der Krisenbewältigung A...