Suchergebnisse

Der Erfolg eines Portfolios fußt auf die eingesetzten derivativen Instrumente und Investitionsstrategien. Mit dem Buch sollen die obigen Instrumente, deren Einsatz und Umsetzung in der Praxis des Asset Management aufgezeigt sowie etwaige Problemlösungen dargelegt werden.

Die Europäische Investitionsbank (EIB) mobilisiert in quantitativ bedeutendem Ausmaß Finanzmittel für EG-Politikfelder außerhalb des EG-Haushalts. Die von der Bonität des Schuldners abhängige implizite Zinssubvention ist wohlfahrtstheoretisch nicht zu rechtfertigen. Es ist zu vermuten, daß die Erklärung für das starke Wachstum der Ern-Kredite politökonomisch in den intransparenten Umverteilungswirkungen liegt. Besonders in bezug auf die Problematik übermäßiger nationaler Verschuldung in einer Währungsunion ist die Tätigkeit der Ern kritisch zu beurteilen. ; The European Investment Bank (EIB) mobilizes. substantial funds for EC-policies outside the community budget. The implicit interest subsidy, which depends on the solvency of the debtor, cannot be justified by welfare-theoretical considerations. The explanation for the strong growth of EIB-credits seems to be one in terms of political economy and to lie in the intransparent distributional implications. The activity 'of the EIB is assessed critically in particular with regard to the problem of excessive national debt in a monetary union.

The relationship of companies in the maritime economy to banks has been neglected by researchers. While this is surprising, specific financing techniques in ship financing can be found. In addition, the topic has a high degree of currency: the relationship of shipping companies and shipyards to private and public financial intermediaries has come under massive criticism, especially since the last financial and banking crisis. A number of banks are accused of virtually initiating the new construction of vessels through reckless lending, which thus created a large volume of excess tonnage. In addition, the loans were allegedly often insufficiently collateralized so that a major portion had to be written off, which weighed down the banks' balance sheets. In political debate as well the topic was a "permanent issue" in the face of impending massive charges to the government. If one looks at the spectacular bankruptcies that have recently rocked both the maritime economy and the banking sector, the suspicion naturally arises that the ship financing business could be especially susceptible to a crisis. On the other hand, previous research findings show that a number of financial intermediaries, especially those located in the North and Baltic Sea areas important to shipbuilding, classified shipbuilding financing as rich in prospects and a lucrative business segment. Recourse to the past can clarify whether and the extent to which ship financing contained certain risks. This article intends to clarify this question for Hamburg - without question one of the most important German locations for both the maritime sector and the lending business.