Since the introduction of the Euro, Europe’s financial markets are often regarded as highly integrated. The study clarifies that this is not true, in particular with regard to retail financial services. The study…
Entscheidungen für eine bestimmte Form der privaten Altersvorsorge sind notwendigerweise mit einem hohen Grad an Unsicherheit behaftet. Besondere Schwierigkeiten bereitet der lange Zeithorizont des…
The aim of the summer school was to foster a research network amongst Western and Eastern European economist working on transition economics and capital markets. In the core workshop of 3 days J. Hanousek (CERGE,…
It was the aim of the project to develop forecasting and simulation models for interest rates in the Euro area. The target interest rates are those with 6 months, 2, 5 and 10 years time to maturity. The…
We analyze exchange rate pass-through, i.e. the change in local currency prices resulting from variations in the exchange rate, for consumer prices in the euro area. We first estimate country-specific pass-through…
Erfahrungen aus den USA und auch aus einigen europäischen Ländern belegen, dass die institutionelle Ausgestaltung der Altersicherungssysteme einen wesentlichen Einfluss auf die Venture Capital (VC) Märkte haben…