Fakten, Fakten, Fakten ... Aber inwieweit kann man den Zahlen in den Medien trauen? Werden tatsächlich jedes Jahr vier Millionen Frauen von ihren Männern oder Freunden zu Tode geprügelt? Nimmt sich in den Vereinigten Staaten wirklich alle dreizehn Minuten ein junger Mensch das Leben? Stellt...

In this essay, we test the presence of the contagion phenomenon during the US sub-prime crisis. We adopt the test of adjusted correlation coefficients between markets and propose a new procedure which involves testing the non-linearity of the propagation mechanisms shocks, estimated with a model...

Quantitative Easing (QE) has been widely used by major central banks in the recent economic and financial crisis that started in 2007. However, the Bank of Japan (BoJ) already applied QE between 2001 and 2006. This paper tries to examine the differences between BoJ-type QE and QE applied by the...

The aim of this paper is to investigate the behaviour of international equity returns and correlations using the discrete-time Markov-switching model and the impact of this behaviour on international portfolio choices. We take the perspective of a US-based global investor who considers...