09.07.2018 - Society & Finance

The never-ending story of the euro

by Marius Kleinheyer

Conflicting economic and political convictions lead to lazy compromises in the Eurozone. No stable currency can be built on this.

23.04.2018 - Society & Finance

Few stocks but big worries - German investors should rethink their investment strategy

by Marius Kleinheyer

The results of the survey show that Germans are looking to the future with an overall sense of concern. The majority of people are worried about their old-age provision. Nevertheless, stocks remain unpopular.

20.04.2018 - Society & Finance

German Angst - How fear of loss hampers wealth accumulation

by Marius Kleinheyer

The monetary system of a society reflects everything that this people wants, does, suffers, is; and at the same time, the monetary system of a society has an essential influence on its activity and destiny in general.

13.04.2018 - Society & Finance

How stories can spread and influence prices

Narrative economics and the example of bitcoin

by Philipp Immenkötter

Narratives are short stories that convey values and emotions. They can spread like an epidemic and have an influence on pricing in the capital markets. In this study, we show that the contagious power of the narrative surrounding bitcoin helped to dr ...

08.03.2018 - Society & Finance

Smart beta ETFs – Euphemism par excellence

by Agnieszka Gehringer Kai Lehmann

Few trends on capital markets have received so much attention as the strong growth of exchange traded funds (ETFs). Within this asset class, the so called smart beta (SB) products enjoy ever growing popularity.

09.02.2018 - Society & Finance

The Bitcoin bet

by Marius Kleinheyer

The bet on Bitcoin as our future money is a bad bet. Even if you expect crypto money in the future, you must expect that neither Bitcoin nor any of the other existing currencies will prevail.