How can international monetary stability be promoted? This study looks at ways to bolster economic policies and coordination among the industrial countries serving as nominal anchors for the world economy. It also assesses the operation of monetary unions and common currency areas. The authors...

Die Länder der Welt bedürfen der Kooperation, um globale Probleme zu lösen. Zudem hatDeutschland als stark außenwirtschaftlich orientiertes Land ein besonderes Interesse an weltweiterZusammenarbeit. Die weltweit akzeptierten Menschenrechte scheinen dafür eine gute Grundlagezu sein, doch bei...

This paper examines the puzzlingly high unexploited momentum returns from a new perspective. We analyze characteristics of momentum traders in a sample of 692 fund managers. We find that momentum traders are 'defined' by their short-term horizon, by a behavioural view on the market and by a...