This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...

This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...

Since the second half of the 1990s, three major financial crises occurred, each with a significant involvement of rating agencies (RAs). Their rather poor performance palpably shows that they did not live up to their promises. RAs have proven to be fallible and overburdened. Given the task to...

A financial system that supports the real economy requires a different understanding of norms and values. Financial stability is not a private good, but a public good. The right to participate in preparing rules for the stability of financial markets as well as guaranteeing a fair and just...