The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...

What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...

The paper analyses the impact of Japanese monetary policy crisis management on the Japanese banking sector since the 1998 Japanese financial crisis. It shows how low-cost liquidity provision as a means to stabilize banks has created a growing gap between deposits above lending and has compressed...

In den vergangenen Jahren kam es in Deutschland wiederholt zu tragischen Fällen von Kindesmisshandlung oder Kindstötung, über die bundesweit in den Medien berichtet wurde. Oft wurde dabei auch die Rolle der zuständigen Jugendämter thematisiert, denen nicht selten‚ Behördenversagen‘...

After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...

Keynes' mathematical Treatise addresses what some call "radical uncertainty", which he thought endemic in world affairs and whose appreciation underpinned much of his later work. In contrast, the mainstream view in economics, as elsewhere, has been that even if radical uncertainty exists, either...

In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis - one that...

This is an open access title available under the terms of a CC BY 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. In recent years, typhoons have struck the Philippines and Vanuatu; earthquakes have...

The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek-Mises-Wicksell overinvestment framework. It is shown that, given that the traditional transmission mechanism between monetary policy and consumer price inflation has collapsed,...

Unternehmenskrisen sind ein Realphänomen von hoher Relevanz. Die erfolgreiche Bewältigung verdient die besondere Aufmerksamkeit der Betriebswirtschaftslehre. Der vorliegende Artikel nutzt eine systematische Dokumentanalyse von Sanierungsplänen (sog. Insolvenzpläne) zur Identifikation...

Ausgehend von einer im Jahre 1983 durchgeführten Untersuchung von 72 Fällen zu Typen von Unternehmenskrisen wird eine Studie vorgelegt, die mit gleichem Erhebungsinstrumentarium auf ein vergleichbares, aber deutlich aktuelleres Erhebungsmaterial von 53 kritischen Unternehmensreportagen im...

Die Zahl der Unternehmensinsolvenzen steigt. Man sollte erwarten, dass Krisendiagnose und Krisenmanagement in der Betriebswirtschaftslehre höchste Aufmerksamkeit finden. Das Gegenteil ist der Fall: Allenfalls befasst man sich mit Überschuldung und Illiquidität - also mit der Schlussphase der...

Acknowledgements -- Introduction -- The police in national emergency -- Terror in Norway -- Panic and collapse of hierarchy -- Collapse of leadership and coordination -- Complexity and practice -- Organizational practices and leadership -- Communication -- Power, identity, and ethics -- The...

Acknowledgments -- Preface -- Introduction -- High stakes -- Courage -- Courage in crisis -- Culture -- Strategic courage -- Judgment -- Grounded in values -- Bold discernment -- Brains -- Fortitude -- Leverage -- The process of discipline -- Truth -- High stakes leaders of the future --...

Introduction -- What is a crisis? And what is effective crisis leadership? -- Giving ourselves a fighting chance of succeeding -- Commencing crisis leadership -- The challenges of making decision and setting (early) strategy -- Crisis team leadership -- Crisis leadership in public -- Crisis...