A key challenge in the collective endeavour to combat the climate emergency is the shift of global investment and financing flows that underpin current and future growth to low-carbon, climate-resilient (LCCR) growth. The global community recognises this challenge: it is one of the three...

The purported advantages of corona bonds over the ESM are meagre to non-existent, says Friedrich Heinemann (EconPol Europe, ZEW). The challenge we face is to contain the spread of COVID-19 while stabilising the economy and ensuring eurozone states have sufficient liquidity and the ESM is a...

Eine Studie zeigt: Steht ein Arzt an der Spitze des Gesundheitsministeriums, steigen die Investitionen im Krankenhaussektor. Sollten Politikerinnen und Politiker Fachleute sein? Diese Frage wird häufig nach Regierungsbildungen diskutiert. Welchen Einfluss Fachkompetenz auf die Amtsführung hat,...

The transformation of economies towards significantly reduced CO2 consumption raises high investment and capital requirements. Financial and capital markets can help to mobilize the necessary funds for global investment needs and to steer capital towards sustainable investments. Moreover,...

Am 31. Oktober 2020 scheint das Bau- und Planungschaos, das den Ruf deutscher Ingenieurkunst in der Welt nachhaltig beschädigte, nun einen Abschluss zu finden: Der neue Flughafen ist fertig und kann eröffnet werden. Die Wirtschaft der Hauptstadtregion dürfte durch die neue Infrastruktur...

This article discusses how the German and the international academic debates about corporate finance developed in the course of the past 50 years, and how they are related. Four different phases of development are distinguished and contrasted. The main aspect in which they differ relates to the...

The purported advantages of corona bonds over the ESM are meagre to non-existent, says Friedrich Heinemann (EconPol Europe, ZEW). The challenge we face is to contain the spread of COVID-19 while stabilising the economy and ensuring eurozone states have sufficient liquidity and the ESM is a...

The closures of childcare providers to most families during the COVID-19 crisis have underlined the importance of access to childcare, both to support paid work and to help shape young children's environment. However, the crisis has had severe consequences for the finances of childcare...

The transformation of economies towards significantly reduced CO2 consumption raises high investment and capital requirements. Financial and capital markets can help to mobilize the necessary funds for global investment needs and to steer capital towards sustainable investments. Moreover,...

This working paper provides an overview of the main markets relevant to the EIF, with a particular focus on the impact of COVID-19. It starts by discussing the general market environment, then looks at the main aspects of equity finance and the markets for SME debt products and, finally, it...

The vast majority of enterprises worldwide can be categorized as small and medium-sized enterprises (SMEs). They play a crucial role in providing a livelihood and income for diverse segments of the labour force, in creating new jobs, fostering valued added and economic growth. In addition, SMEs...

A key challenge in the collective endeavour to combat the climate emergency is the shift of global investment and financing flows that underpin current and future growth to low-carbon, climate-resilient (LCCR) growth. The global community recognises this challenge: it is one of the three...

This research paper was released on 18 March 2020 and it examines the policy and implementation frameworks currently governing the urban water sector to identify where there may be impediments to the adoption of Integrated Water Cycle Management (IWCM). IWCM refers to the joint management of...

Using credit-registry data for Spain and Peru, we document that four main types of commercial credit-asset-based loans, cash-flow loans, trade finance and leasing-are easily identifiable and represent the bulk of corporate credit. We show that credit dynamics and bank lending channels vary...

Eine Studie zeigt: Steht ein Arzt an der Spitze des Gesundheitsministeriums, steigen die Investitionen im Krankenhaussektor. Sollten Politikerinnen und Politiker Fachleute sein? Diese Frage wird häufig nach Regierungsbildungen diskutiert. Welchen Einfluss Fachkompetenz auf die Amtsführung hat,...