Banks increasingly use short-term wholesale funds to supplement traditional retail deposits. Existing literature mainly points to the "bright side" of wholesale funding: sophisticated financiers can monitor banks, disciplining bad but refinancing good ones. This paper models a "dark side" of...

This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...

This report was prepared for the Turkish-EU Enlargement Council of the European Round Table of Industrialists. Its aim is to assist an evaluation of the implications of potential Turkish membership of the European Union. The EU is to review a European Commission report on Turkeyu0092s progress...

Dieser Text bietet einen historischen und gegenwärtigen Überblick über die EU-Erweiterung.

Regarding research funding in general, the study finds that lessons learned from FP6 have been only partially reflected in the structure of FP7, but considers the new framework as potentially more conducive to SME involvement. The share of research funding allocated to energy has declined from...