Twenty years of flexible exchange rates: Experiences and developments

The Bretton Woods system of fixed exchange rates was abandoned at the beginning of March 1973 when currencies were allowed to float. Has the system of flexible exchange rates fulfilled the expectations placed in it? How should experiences with regional systems of fixed exchange rates be assessed, and what are the prospects for a return to such a system worldwide?     

Einzelbesprechungen

Ohne Zusammenfassung     

Nachhaltige Finanzpolitik auf Länderebene – Konzepte,Indikatoren und Umsetzung

Eine nachhaltige Finanzpolitik der L?nder sollte zu den Zielen einer F?deralismusreform geh?ren. Wie kann die Ver?ffentlichung von Indikatoren dazu beitragen, dieses Ziel zu erreichen? Welche Nachhaltigkeitskonzepte gibt es und wo liegen deren Chancen und Grenzen? Welche besonderen Probleme sind auf L?nderebene zu beachten? Dr. Beate Jochimsen, geb. Milbrandt, 38, ist wissenschaftliche Assistentin am Institut für ?ffentliche Finanzen und Sozialpolitik der Freien Universit?t Berlin.     

Modelling the Eurozone as an Extraordinary Exchange Rate Union

The Trans-European Automated Real-Time Gross settlement Express Transfer system (TARGET) imbalances within the Eurozone can be interpreted as a sign of a missing balance of payments adjustment mechanism for the member countries. As the Eurozone lacks a fiscal union, in theory it is more of an exchange rate union or a system of fixed exchange rates than a monetary union. This paper will show why the TARGET is a crucial indicator for the Eurozone not being a monetary union but instead an exchange rate union, and why countries holding TARGET liabilities against the European System of Central Banks can be compared to a reserve currency country, like the US under the Bretton-Woods System.     

Kommunale Verschuldung—Wozu?

Die Finanzierung des Haushalts durch Kreditaufnahme ist für die St?dte und Gemeinden in Deutschland üblich. Ist diese Kreditaufnahme zu rechtfertigen? Was würde geschehen, wenn man sie verbieten würde? Wie ist in diesem Zusammenhang die Kreditaufnahme von Bund und L?ndern zu beurteilen? Prof. Dr. Horst Zimmermann*, 72, ist Emeritus des Lehrstuhls für Finanzwissenschaft an der Philipps-Universit?t Marburg, Mitglied des Wissenschaftlichen Beirats beim Bundesministerium der Finanzen und Vizepr?sident der Akademie für Raumforschung und Landesplanung in Hannover. * Der Beitrag wird Ende 2006 in einer Festschrift erscheinen.     

Through bubbles and crises: An analysis of the <Emphasis Type="Italic">Journal of Financial Services Marketing</Emphasis> from 2000 to 2012

This article presents an analysis of all publications of the Journal of Financial Services Marketing (JFSM), from 2000 until the end of 2012. The objectives of this study were: (i) to compare the subjects covered by the journal with industry trends, and identify opportunities for future research, and (ii) to assess the journal’s development over time and its influence in the field of financial services marketing. Data for this content analysis was collected manually from the publisher’s Website and from each paper, and a grounded theory approach was used to group the papers into clusters based on emerging themes. The study indicates that JFSM has been successful in covering the industry’s most important trends, including mobile banking, relationship management, Customer Relationship Management (CRM) and service quality. A number of gaps were identified, in particular regarding mobile banking services and the impact of new online business models (for example, PayPal, crowdfunding, Bitcoin). These findings should assist JFSM’s editorial board to determine its future direction, and offer readers insight into industry trends and the journal’s role in covering them.     

Voicing Moral Concerns: Yes,But How? The Use of Socratic Dialogue Methodology

After a selective review of relevant literature about teaching business ethics, this paper builds on a summary of Fred Bird’s thoughts about the voicing of moral concerns provided in his book about moral muteness (Bird in The muted conscience, 1996). Socratic dialogue methodology (in the tradition of L. Nelson and G. Heckmann) is then presented and the use of this methodology is examined, for business ethics teaching in general, and for addressing our paper topic in particular. Three short form Socratic dialogues about the paper topic are summarized for illustration, together with preparation and debriefing suggestions for a Socratic dialogue unit as part of a business ethics course. In conclusion, Socratic dialogue design is related to the experiential learning approach, and characterized by a few basic traits, which imply both risks and opportunities for business ethics teaching.     

Digitalisierung für Gesundheit — ökonomische Aspekte des Gutachtens des SVR Gesundheit

Wirtschaftsdienst - Am 24. März 2021 hat der ?Sachverständigenrat zur Begutachtung der Entwicklung im Gesundheitswesen“ sein Gutachten ?Digitalisierung für...