Since the euro crisis, the Latin European countries have converted the European Monetary Union to their economic culture. The "liraisation" of the euro is likely to be irreversible. Euro countries that prefer a hard currency could realise t ...

While the European Union is preoccupied with itself with costly "reconstruction programmes" after the Corona crisis and loftily proclaimed "Green New Deals" for climate protection ("man-on-the-moon-moment"), a change in ...

In the event of renewed capital outflows, developing and emerging economies with robust political structures will best weather a new taper tantrum.

In 2020 for the first time there was an economic crisis accompanied with a decrease in the number of insolvencies. Why was it different?

Despite the worst post-war recession, fewer companies in Germany filed for insolvency in 2020 than at any time since 1994. How many insolvencies were postponed and how high is the risk that they occur in 2021?

When Keynes, inspired by the Great Depression of the 1930s, developed his theory, it was perhaps forgivable that he completely ignored money creation by banks. Today, however, ignoring the role of banks leads to blatant misconceptions.