Financial Reform after the Crisis: An Early Assessment

Financial reform has been a core dimension of the initial global policy response to the financial turmoil of 2007-08.At the first G-20 summit of heads of state and government in November 2008,more than four-fifths of the action points in the final declaration were about financial regulation.Obviously,the crisis is not over at the time of writing,and the cycle of financial reform it triggered is very far from complete.But it can be said confidently that the crisis has been transformational for financial regulatory policy,at least in the United States and Europe.     

Aus einer Hand: Wirksame Hilfe für den Einzelfall

Unser Sozial- und Gesundheitssystem bietet eine Fülle von Angeboten zur Gesundung, Rehabilitation und Wiedereingliederung. Doch wie sieht im Einzelfall die optimale Unterstützung aus? Case Manager sind die Schnittstelle zwischen Patient, sozialem Umfeld, professionellem System und Kostentr?gern. Sie sind die Profis für eine bedarfsgerechte und effiziente Rund-um-Versorgung.     

A toolkit for macrostructural regional forecasting: Methodological approaches and results of computations

This paper discusses the issues of developing a consistent system of forecast computations providing a long-term outlook for the Russian economy in both sectoral and regional contexts. Under special focus is the formation of regional development scenarios. Such scenarios are suggested to be based on the territorial pattern of investments into the national economy. Results of computations are presented for the period up to 2030 for two scenarios.     

Do international shocks affect small wholesalers and retailers?

Previous research has suggested that the smallest firms are those most vulnerable to international competition, as measured by exchange rate fluctuations and import shares. However, that work—and the overwhelming bulk of the empirical literature on determinants of exit or firm survival—dealt entirely with the manufacturing sector of the economy. This paper analyzes annual US data for 1989–2005 for about 50 wholesale and retail sectors to explain small firm exit rates in several employment size categories. The main result is that wholesalers respond negatively to a stronger currency in a manner similar to that of manufacturers, while retailers are generally unaffected.     

An Examination of Entry and Competitive Performance in Rural Banking Markets

This article explores the change in the level of competition in rural banking markets after the deregulation that occurred following passage of the Riegle‐Neal Act of 1994. Using an empirical model that utilizes both the number of banks and the value of deposits in a cross‐section of 278 rural markets, we decompose the impact of the entry of new banks into resulting changes in per capita demand and the costs/profits of local banks in 1994 and 2004. The results support the view that local banking markets have become more competitive since the mid‐1990s.