Studies - Flossbach von Storch

15.05.2020 - Companies

The true costs of share-based compensation

[Translate to English:]

The share-based compensation programs of large corporations often incur immense costs. However the true costs of these programs are not reflected by the income statements.

15.05.2020 - Wealth Price Index

Q1-2020: Decline within the first quarter

by Philipp Immenkötter

Within the first quarter of 2020, the prices of the assets held by German private household fell by -2.7%. This development is driven by a decline in the prices of financial assets and business wealth – except Gold. Compared to the same quarter of th ...

30.04.2020 - Companies

Paradoxical pension burdens

Why the pension plans of DAX-30 companies are apparently being relieved by the Corona crisis

After the pension burdens had risen steadily in recent years, the capital market turbulence in the wake of the corona crisis should provide significant relief.

26.03.2020 - Macroeconomics

Post-corona fiscal quagmire

by Agnieszka Gehringer

In the aftermath of the Great Financial Crisis 2008-2009 and European debt crisis 2011-2012, the public debt ratios in G7 countries increased on average by altogether 40% of GDP. The coronavirus pandemic is likely to generate a much higher fiscal dam ...

18.03.2020 - Macroeconomics

The merger of fiscal policy and monetary policy in the euro area

by Agnieszka Gehringer

As an answer to the looming economic crisis amid the coronavirus pandemic, several governments in the euro area announced very substantial rescue packages. As a consequence, public debt will increase strongly. For a number of countries the debt will ...

17.03.2020 - Macroeconomics

Corona crisis: Italy’s government finances under pressure

by Agnieszka Gehringer

The increase of the public debt ratio in Italy as a result of measures to fight the coronavirus pandemic and of the recession will sooner or later require an intense effort to ensure the solvency of the Italian state.

1