Suchergebnisse

Abstract
At a time in which global challenges such as anthropogenic climate change would actually require cross-border coordinated policy action, the selfish pursuit of national interest frequently gains the upper hand in the practice of international economic policy. At the same time, the economic basis of the geopolitical hegemony of the global West is at risk of being undermined due to soaring rates of inflation and an increasing debt burden. If those responsible in business and politics fail to demonstrate, in a credible manner, that they are aware of the existence and scope of the resulting dilemmas, they could expose the internal stability of western democracies to a substantial threat.

Dieser Text beschreibt den Zusammenbruch des Marktes für US-amerikanische Subprime-Hypotheken und erklärt, wie sich dieses Geschehen zu einer internationalen Finanzmarktkrise ausweiten konnte. Darauf aufbauend wird eine Bestandsaufnahme der für international tätige Kreditinstitute der¬zeit maßgeblichen öffentlichen Regulierungen vorgenommen und daraus eine Reihe von Handlungsempfehlungen für eine Überarbeitung dieser Vorgaben abgeleitet. Die sich anschließende ökonomische Analyse der wahrscheinlichen Auswirkungen aktueller staatlicher "Rettungsmaßnahmen" für den Bankensektor mündet in einen alternativen Vorschlag zur Stabilisierung der Bewältigung der aktuellen Krisensituation.

The k-Nearest Neighbour method is a popular nonparametric technique for solving classification and regression problems without having to make potentially restrictive a priori assumptions about the functional form of the statistical relationship under investigation. The purpose of this paper was to demonstrate that the scope of this method can be extended in a way that enables the simultaneous consideration of continuous, ordered discrete, and unordered discrete explanatory variables. An exemplary application to a publicly available dataset demonstrated the feasibility of the proposed approach.

"This paper deals with the development of the earnings and employment situation of East German men in the sequel of the German unification. The economic transition led to massive job losses, while the wages of those still employed were gradually raised to a level which is meanwhile close to the one prevailing in the West. The paper is organized as follows: Chapter 2 describes the econometric approach on wich the empirical investigation is based upon. Chapter 3 contains a summary description of the data used for estimation, and the empirical results are collected and commented upon in chapter 4. A short summary (chapter 5) concludes the artic1e."