patterns exist and their impact on individuals is
confirmed. Causes of abberrations of organisational steering mechanisms are
discussed. Future trends of organisations and their impact on pathological
TIPS-money
This means that commercial banks first have to transfer money from their TARGET-PM
accounts to their TIPS-DCA before they can use it for instant payments (see figure 8a). The
time [...] €32bn (End of 2021)
page
the ECB.3 Commercial banks, are free to produce book money at their will as long as it is
in line with general supervisory regulations.4 The issuance of private e-money [...] intermediaries are the owners of CBDC accounts and handle retail payments for
the central bank on their own accounts are obviously not being pursued any further.
Nonetheless, financial intermediaries
continuously deal with the topic and improve their
understanding of it when they first acquire it. Therefore, students will be able to ac-
complish their own learning rhythm. This process shall be supported
insurance system, the disutility of
unemployment decreases and jobholders as well as unions increase their reservation wage.
This leads to a reduction of job search intensity. Search unemployment and the [...] vulnerable to the adverse effects of strict employment protection regulations.4
In addition to their negative consequences for outsiders, it is possible that strict labor market
institutions may [...] legislation. It is also
conceivable that employers might use mobbing as a strategy to force their employees to leave
the firm under strict EPL (Wasmer, 2006, and Boeris and van Ours, 2008). Agents
B.N.; Gemünden, H.G.; Aubry, M., 2012: The three roles of a project portfolio
management office: Their impact on portfolio management execution and success. International
Journal of Project Management
Eugene Fama and Kenneth
French argue that their size and value risk premiums already account for default risk,
Vassalou and Xing (2004) deduce, based on their findings, that only part of the default
[...] description of their usage in the analysis, can be found in Table A1 in Appendix A.
The data are retrieved in e, except for the UK and Switzerland, for which we ini-
tially retrieved data in their domestic [...] markets, in contrast to their European counterparts. As such, in times of distress in
the banking sector, they might not be able to freely act on the stock market. This
limits their room for action and
Ours (2004) Does the Recent Success of Some OECD Countries in
Lowering their Unemployment Rates Lie in the Clever Design of their Labour Market
Reforms?, Oxford Economic Papers, 56, 621 - 642.
Bertola [...] insurance system is generous, trade unions may
down weight the disutility of unemployment for their members and prefer higher real wages
for the employed. Employment will be affected negatively [...] unemployment
benefits must incorporate these aspects, because the OECD countries differ widely in their
taxation and eligibility conditions of unemployment benefits.
Tax burden on labour income
employ classic t-tests casting some doubt on the statistical reliability of their results
because it is well-known that their use is critical in the presence of typical stock return characteristics (e. [...] has been directed to the scientific analysis of calendar
effects in stock market returns because their identification may allow the implementation of profitable in-
vestment strategies (see Lucey and Pardo [...] effect that attributes bad luck and thus low or negative returns to this specific calendar day. In their seminal
article, published in the prestigious Journal of Finance, Kolb and Rodriguez (1987) found
mechanism with the task to
support euro area Member States by financing their loans in case they have problems to finance their
debt in the private financial markets.
Before installing the ESM the European [...] Financial Stability Facility (EFSF) were installed to help Ireland, Portugal and Greece to finance their
public debt.
The German State is part of the above mentioned financing mechanisms. The political
and the United States, which
aim to reduce the problems of mismatches between the duration of their assets and liabilities.
It is generally perceived that these regulatory changes will favor the [...] policy, the business cycle and inflation expectations. Although the out-of-sample
performance of their model was good, they conclude that, "there are hints of some instabilities
in the last years" [...] Pradhan (2006) find that a conundrum no longer exists. They
state that "a drop of bond yields below their fair value such as the one seen last year did not
represent a break with past pattern and, as
customers through a mix
of elements. As for customers, it may be important to reduce their
machine availability, to reduce their costs for parts, to operate
environmentally-sound with water, electric power [...] consider their benefits in a
qualitative way. They think about the impact of the service idea and
whether it enables to sell further products and/or services. Other
service ideas may impact their customer [...] questions like: Can
customers improve their efficiency and effectiveness? Can customers
produce faster through downtime reduction? Can customers improve
their supplier reliability? Can customers react
interest debt have
received much attention in the more recent financial literature in terms
of their present value or terminal value effects, cash flow effects on
annuity loans have been overlooked [...] followed the same line of argument.
page
7
borrowers found it difficult to make their monthly mortgage payments
once the period of low introductory interest rates had expired.
[...] estimating future, and thus in principle uncertain,
cash flows over a long period of time. Thus, their expected present
value becomes the central variable. In the case of an annuity-financed
house
participants of seminars
at the Deutsche Bundesbank and the Oesterreichische Nationalbank for their valuable comments. In
particular, we would like to thank S Arz for his contributions. The opinions [...] central banks in the euro area are connected to TARGET2. There are no constraints on the size of
their balances vis-à-vis the European Central Bank that emerge from the cross-border flow of interbank [...] is again an appropriate reference country as, during the time
when both Germany and France had their national currencies, there were no major differences
between the two with regard to domestic banknote
rising fund
volumes SWFs began to diversify their assets.
As some SWFs started to disclose their investments one can draw a clearer picture of their
behaviour and strategy even if much remains [...] immediate call on their assets. Their
investments are normally unleveraged and they have an interest in pursuing portfolio
reallocations gradually to limit adverse price effects of their transactions [...] found in
table 1. Table 1 contains the size of the funds, their origin (commodity or non-commodity
based), as well as the year of their inception.6 The ten largest funds combined have a volume
When leaders keep harmony in mind and take care of their subordinates, employees feel
concord in their company. Leaders express harmony by their behavior and set a good
example which influences [...] , they generally have
cooperated and shared ideas, which they would usually incorporate with their own.
During the Industrial and Modern Ages, Chinese philosophy began to integrate the
concepts [...] harmonious corporate culture
Wujin (Wang, 2007); corporation should be concerned about employees and their families
(Renbo Chen, 2007). Some viewpoints relate to institutional culture, for example, building
Miller and Volker (1984) and Arabsheibani (1989) base their analysis on compar-
isons between the salaries of workers in occupations relevant to their educational qualification
to those with the same [...] However, over time and depending on how fast employers learn about the
true productivity of their employees, their importance (and hence the signalling value of education)
diminishes. The faster they learn [...] firms are quick in adjusting their expectations.
A slightly different approach is tested by Albrecht and van Ours (2006) who compare formal with
informal hiring methods. Their hypothesis is that firms
Evans, 2005, among others).
However, Beck & Wieland actually base their assumption on a couple of studies
supporting their view of relatively long-lasting misperceptions (see, e.g., Orphanides [...] highlight financial intermediaries' role in determining the price of risk. As these
expand their balance sheets, their risk-bearing capacity increases and risk premiums
fall. Thus, balance sheet quantities [...] various financial intermediaries and their respective balance sheet
quantities. First, the information provided by institutions that are marking-to-market
their balance sheet items is of superior
ESG score as a control variable in their analysis of cumulative
stock returns. Their results for Europe are consistent with ours reported in table C5. Since their study has a
different focus, they do [...] the portfolio with the highest Sharpe ratio for their preferred ESG score. In contrast,
unaware investors do not incorporate ESG information into their decision-making.
2. Gillan, Koch, and Starks (2021) [...] March
20, 2020, which was triggered by the pandemic. Their findings are in line with those
of Demers et al. (2021), who document in their US sample that, after controlling for
industry affiliation
borrowers need to supplement the credit with their own funds to afford the
durables. To do so they have to either use their savings or decrease their spending
on non-durable goods in the short [...] women to make their own decisions concerning their resources and
allowing them to benefit from those resources (World bank, chapter 2). The term
also encompasses the improvement of their economic status [...] is received.
Households first need to cut down on their short run non-durable consumption to be
able to supplement the credit with their own funds. Consequently, many
Microfinance studies
agriculture. The authors sum
up the youngest political decisions in Germany and discuss them in their international contexts.
Concrete examples are ment to explain economical problems and chances
English abstract:
Packing and packaging are important components of the logistics supply chain. Their
combination with smart technologies makes it possible to integrate them as active
components with
(2012)).
For many investors however, these methods still lack a convenient way of expressing their
subjective views. This has been addressed in seminal work by Black and Litterman (1991, 1992), [...] this field is Becker et al.
(2015), where seven different Bayesian estimators are compared to their resampled counterparts.
They find the resampled versions to perform worse than the not-resampled [...] number of observations. They do, however, also state that “no
guideline exists for the selection of their values”.
Although some suggestions of how to set τ are available, there is still a lot of subjectivity
and Spain) were
able to improve their relative price competitiveness and thus their bilateral current account
balance against Germany by a depreciation of their currencies against the D-Mark. A nominal [...] bear problems that were already
discussed. German households can expand their spending only marginally without raising their
indebtedness, because the tax burden in Germany is very high. A large [...] is not a zero sum
game. Increasing German exports contribute to growth in other economies due to their high
import content. It does not make sense to raise German imports artificially via “push button”
in a
culturally sensitive manner. Their intercultural competence is enhanced by sharpening their perception of themselves and others.
They have expanded their ability to change perspective and are [...] results from experiments and technical plant data.
• In small groups, they recognise and improve their own ability to work in a team.
• They can independently acquire new knowledge and transfer known
Note:
Please take special note of the Program and Examination Regulations of this degree program in their
current version.
• Study structure:
The programme comprises a standard period of study of [...] ability to act in an interdisciplinary and
interculturally sensitive manner. They have expanded their ability to change perspectives and are able to communicate with
different nationalities.