Climate and environmental issues will likely impact the financial system's stability as they become more pervasive and tangible. As a result, the appropriate financial regulatory and supervisory measures must be in place. This article discusses the challenges faced by financial institutions and...

While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...

Die amtliche Statistik zeichnet sich durch ihren gesetzlich auferlegten Fokus auf die Qualität ihrer Veröffentlichungen aus. Dabei folgt sie den europäischen Qualitätsrahmenwerken, die auf nationaler Ebene in Form von Qualitätshandbüchern konkretisiert und operationalisiert werden, sich...

Climate and environmental issues will likely impact the financial system’s stability as they become more pervasive and tangible. As a result, the appropriate financial regulatory and supervisory measures must be in place. This article discusses the challenges faced by financial institutions...

While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...

This paper provides insights into the historical inefficiencies and instabilities of the international monetary system. These inefficiencies are primarily linked to the limited supply of international liquidity and wedges in various money-market rates. The instabilities encompass both...

Klimapolitik mit dem Ziel der CO2-Neutralität erfordert einen einschneidenden strukturellen Wandel. Dieser wird nur dann akzeptiert werden und gelingen, wenn er sich neben sozialer Verträglichkeit bei binnen- und außenwirtschaftlicher Stabilität vollzieht. Dafür müssen bestimmte...

Der nachfolgende Text will über die Lösung der konkreten Ukraine-Krise hinausdenken und die Notwendigkeiten einer künftigen Nachhaltigkeits- und Klimaschutzpolitik thematisieren. Zunächst wird eine Bestandsaufnahme in Bezug auf den Zusammenhang der Ukraine-Krise und der globalen und...

Klimapolitik mit dem Ziel der CO2-Neutralität erfordert einen einschneidenden strukturellen Wandel. Dieser wird nur dann akzeptiert werden und gelingen, wenn er sich neben sozialer Verträglichkeit bei binnen- und außenwirtschaftlicher Stabilität vollzieht. Dafür müssen bestimmte...

Can relatively short-term political leadership affect long-term national policy styles, and if so, how? We examine these questions in order to explain the temporal dynamics in national policy styles observed in several recent studies whose findings have challenged the traditional view that...

Digitalisierung und damit verbundene Innovationen treiben den Strukturwandel in der Finanzwirtschaft an.Sie können den Zahlungsverkehr vielleicht sicherer, schneller und bequemer machen. Andererseits können sie zu Verwerfungen und Instabilitäten im Finanzsystem führen und Verbrauchern...

Digitalisierung und damit verbundene Innovationen treiben den Strukturwandel in der Finanzwirtschaft an.Sie können den Zahlungsverkehr vielleicht sicherer, schneller und bequemer machen. Andererseits können sie zu Verwerfungen und Instabilitäten im Finanzsystem führen und Verbrauchern...

Der Wirkungszusammenhang zwischen der Stabilität/Fragilität der (europäischen) Finanzsysteme und den herrschenden Wettbewerbsverhältnissen ist seit der Finanzkrise 2008 und verstärkt auch in der gegenwärtigen Corona-Krise Gegenstand des wissenschaftlichen und wirtschaftspolitischen...

Autokratische Regime haben in den letzten beiden Dekaden eine große Aufmerksamkeit in den Sozialwissenschaften auf sich gezogen. Dieser Aufsatz versucht eine Zwischenbilanz. Es wird argumentiert, dass der gemeinsame Fluchtpunkt dieser Forschungsanstrengungen die Erklärung autokratischer...

Islamic State in Iraq no longer controls territory, but although security is better in Iraq than in recent years, with parliamentary elections being held in May 2018, Iraq faces substantial challenges. This report focuses on three areas of special importance, namely the fragmentation of security...

Introduction : how do you solve a problem like global finance? -- The role of finance in society : from barter to Fintech -- 21st century post-crisis finance : stability and sustainability as new 'meta' norms or market re-emergence? -- Financial regulation in (global) context -- A 'micro'...

New economic thinking and acting through a systemic approach could outline policy alternatives to tackle the global-scale systemic challenges of financial, economic, social and environmental emergencies, and help steer our recovery out of the current crisis. A systemic recovery requires an...

"This book examines the main causes of financial instability and highlights that, with the exception of wars and pandemics, the financial system is the source of the crisis, not just a means of spreading it, as most mainstream experts believe. The innovative parts of this book provide academics...

Overall the resilience of large euro area banks has improved, but important vulnerabilities remain. Capital buffers are in aggregate sizeable relative to immediate threats, but some banks are especially vulnerable to credit risk and others to market risks, including a substantial rise in risk...

Peru's financial system has developed and become more resilient since the previous FSAP in 2011, but some challenges remain. Peru's main vulnerabilities are external, especially related to growth in trading partners (due to reliance on commodity exports), and exchange rate depreciation (due to...

Since the Brazil 2012 FSAP, the financial system has been stable despite the deep recession. The resiliency of the banking system was supported by high profitability, buoyed by large interest margins. While the financial system has grown since the 2012 FSAP, its structure remains largely...

Tanzania's bank-dominated financial sector is small, concentrated, and at a relatively nascent stage of development. Financial services provision is dominated by commercial banks, with the ten largest institutions being preeminent in terms of mobilizing savings and intermediating credit....

The macroeconomic environment has improved, reflecting the authorities' efforts, supported by an IMF arrangement. Previously, years of high fiscal deficits, public enterprise borrowing, and financial sector bailouts led to rapid government debt accumulation, crowded out private credit, increased...

The Armenian banking sector is recovering from the 2014 economic slowdown, aided by additional capital injected by shareholders, several mergers, and improved regulation and supervision. However, banks, including the largest ones, are vulnerable to external shocks because high levels of...

In this book, Stephen Crowley investigates how the fear of labor protest has inhibited substantial economic transformation in Russia. Putin boasts he has the backing of workers in the country's industrial heartland, but as economic growth slows in Russia, reviving the economy will require...

<P>CHAPTER 1 -- INTRODUCTION: HOW DO YOU SOLVE A PROBLEM LIKE GLOBAL FINANCE?</P><P>CHAPTER 2 -- THE ROLE OF FINANCE IN SOCIETY: FROM BARTER TO FINTECH</P><P>CHAPTER 3 -- 21st CENTURY POST-CRISIS FINANCE: STABILITY AND SUSTAINABILITY AS NEW 'META' NORMS OR MARKET RE-EMERGENCE?</P><P>CHAPTER 4 -FINANCIAL REGULATION IN...</p></p></p></p>

Doppelrezension zu Stephan Lessenich ("Neben uns die Sintflut") und Wolfgang Streeck ("How will capitalism end?"). Wolfgang Streecks "How will Capitalism end?" und Stephan Lessenichs "Neben uns die Sintflut" sind zwei weitgehend komplementaere Werke, die sich aus unterschiedlichen Perspektiven...

The European design rules for steel structures in EN1993 cover various failure modes and were developed using different methodologies with respect to accuracy and safety. Consequently, the safety level of these rules is neither homogeneous throughout their field of application, nor across the...

Doppelrezension zu Stephan Lessenich ("Neben uns die Sintflut") und Wolfgang Streeck ("How will capitalism end?"). Wolfgang Streecks "How will Capitalism end?" und Stephan Lessenichs "Neben uns die Sintflut" sind zwei weitgehend komplementaere Werke, die sich aus unterschiedlichen Perspektiven...

While there exists numerous studies on the macroeconomic effects of oil and commodity shocks, the literature is quite silent on the impact of macroeconomic uncertainty on oil and commodity prices and, especially, on their volatility. This paper tackles this issue through the estimation of a...