(Wie) Reagieren Aktien-Returns auf die Geldpolitik? Eine ARDL-Analyse für Deutschland Sind Zentralbanken in der Lage, Aktienmarktrenditen systematisch zu beeinflussen? Um diese Frage zu beantworten, testen wir die Kointegrationsbeziehung zwischen Renditemaßen für den Aktienmarkt und dem...

This short article addresses several important (but less discussed) aspects of the introduction of central bank digital currency that give cause for concern, no matter whether such a currency is intended as a substitute or a complement to cash. It discusses potential effects, such as bank runs...

This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...