The Demise of Finance-Dominated Capitalism goes well beyond the dominant interpretation that the recent financial and economic crises are rooted in malfunctioning and poorly regulated financial markets. The book provides an overview of different theoretical, historical and empirical perspectives on the long-run transition towards finance-dominated capitalism, on the implications for macroeconomic and financial stability, and ultimately on the recent global financial and economic crises. In the first part of the book the macroeconomics of finance-dominated capitalism, the theories of financial crisis and important past crises are reviewed. The second part deals with the 2007-09 financial and economic crises in particular, and discusses five explanations of the crises in more detail. The special focus of the book is the long-run problems and inconsistencies of finance-dominated capitalism that played a key role in the crisis and its severity. The comprehensive literature reviews on the issues of financialization and economic crises will be a valuable aid to students. Policy makers will find the broader views on the causes of the recent financial and economic crises and the contradictions of finance-dominated capitalism of great interest. Alternative views on the long-run developments towards financialization, as well as on the relationships of these developments with the recent financial crises, will appeal to researchers in this field. Contributors: R. Barradas, N. Budyldina, C.A. Carrasco, D. Detzer, N. Dodig, T. Evans, G. Gabbi, E. Hein, H. Herr, A. Kalbaska, S. Lagoa, E. Leao, J. Michell, OE. Orhangazi, F. Serrano, A. Vercelli

This book provides an up-to-date overview of the development of the German financial system, with a particular focus on financialization and the financial crisis, topics that have increasingly gained attention since the crisis and the discussion on the secular stagnation started. The authors of the book-economists who have conducted extensive research in this area-offer a perspective on the financial system in the context of its importance for the overall economic system. The book not only provides detailed insights into Germany's financial system; it also takes a broader perspective on finance and connects it with current macroeconomic developments in Germany.

Financialisation and the Financial and Economic Crises provides comparative, empirical case studies of a diverse set of eleven countries. In particular, the book helps in understanding the current (mal)performance of Euro area economies by explaining the causes of the shifts in growth regimes during and after the crises. It goes well beyond the dominant interpretation of the recent financial and economic crises as being rooted in malfunctioning and poorly regulated financial markets. The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in eleven selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analyzed in the final chapter. Offering an illuminating overview and invaluable alternative perspective on the long-run developments leading to the recent crises, this book is essential reading for researchers, students and policymakers and an ideal starting point for further research. Contributors: S. Bahce, R. Barradas, C.A. Carrasco, H. Coemert, G. Cornilleau, J. Creel, D. Detzer, N. Dodig, N. Erdem, T. Evans, J. Ferreiro, G. Gabbi, C. Galvez, C. Gomez, A. Gonzalez, E. Hein, E. Juuse, E. Karacimen, A.H. Koese, S. Lagoa, E. Leao, J. Lepper, OE. Orhangazi, G. OEzgur, R. Paes Mamede, M. Shabani, A. Stenfors, E. Ticci, J. Toporowski, L. Tserkezis, J. Tyson, Y. Varoufakis, P. Vozzella, G.L. Yalman

The Demise of Finance-Dominated Capitalism goes well beyond the dominant interpretation that the recent financial and economic crises are rooted in malfunctioning and poorly regulated financial markets. The book provides an overview of different theoretical, historical and empirical perspectives on the long-run transition towards finance-dominated capitalism, on the implications for macroeconomic and financial stability, and ultimately on the recent global financial and economic crises. In the first part of the book the macroeconomics of finance-dominated capitalism, the theories of financial crisis and important past crises are reviewed. The second part deals with the 2007-09 financial and economic crises in particular, and discusses five explanations of the crises in more detail. The special focus of the book is the long-run problems and inconsistencies of finance-dominated capitalism that played a key role in the crisis and its severity. The comprehensive literature reviews on the issues of financialization and economic crises will be a valuable aid to students. Policy makers will find the broader views on the causes of the recent financial and economic crises and the contradictions of finance-dominated capitalism of great interest. Alternative views on the long-run developments towards financialization, as well as on the relationships of these developments with the recent financial crises, will appeal to researchers in this field. Contributors: R. Barradas, N. Budyldina, C.A. Carrasco, D. Detzer, N. Dodig, T. Evans, G. Gabbi, E. Hein, H. Herr, A. Kalbaska, S. Lagoa, E. Leao, J. Michell, OE. Orhangazi, F. Serrano, A. Vercelli

Financialisation and the Financial and Economic Crises provides comparative, empirical case studies of a diverse set of eleven countries. In particular, the book helps in understanding the current (mal)performance of Euro area economies by explaining the causes of the shifts in growth regimes during and after the crises. It goes well beyond the dominant interpretation of the recent financial and economic crises as being rooted in malfunctioning and poorly regulated financial markets. The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in eleven selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analyzed in the final chapter. Offering an illuminating overview and invaluable alternative perspective on the long-run developments leading to the recent crises, this book is essential reading for researchers, students and policymakers and an ideal starting point for further research. Contributors: S. Bahce, R. Barradas, C.A. Carrasco, H. Coemert, G. Cornilleau, J. Creel, D. Detzer, N. Dodig, N. Erdem, T. Evans, J. Ferreiro, G. Gabbi, C. Galvez, C. Gomez, A. Gonzalez, E. Hein, E. Juuse, E. Karacimen, A.H. Koese, S. Lagoa, E. Leao, J. Lepper, OE. Orhangazi, G. OEzgur, R. Paes Mamede, M. Shabani, A. Stenfors, E. Ticci, J. Toporowski, L. Tserkezis, J. Tyson, Y. Varoufakis, P. Vozzella, G.L. Yalman

This book provides an up-to-date overview of the development of the German financial system, with a particular focus on financialization and the financial crisis, topics that have increasingly gained attention since the crisis and the discussion on the secular stagnation started. The authors of the book-economists who have conducted extensive research in this area-offer a perspective on the financial system in the context of its importance for the overall economic system. The book not only provides detailed insights into Germany's financial system; it also takes a broader perspective on finance and connects it with current macroeconomic developments in Germany.

Seminar paper from the year 2009 in the subject Economics - Macro-economics, general, grade: 1,0, Berlin School of Economics, course: Arbeitsmarkte und Sozialstaat in Europa, language: English, abstract: Though EU commissar pidla speaks, in 2006, about a "demographic time bomb" which needs to be disarmed1, a study suggests that back in 2003 52 percent of the German population has not even heard about the term "demographic change." Even if these figures are a bit outdated they show that discussion concerning this topic continues between experts and politicians and has been a long-time taking to reach the broader populace. Nowadays, word has spread. The topic has become more pressing on political agendas, national and international summits. In the 2007 Adecco Fitness Survey, European companies invision the demographic change as the second biggest business challenge, following Globalization. The UN has been pressing the issue of ageing populations since the 1940s and forecasts that the number of people over 60 years old will have tripled by 2050. For the first time in history, this figure will exceed that of the number of children (0 - 14 years). However, these aggregated figures do not show that these developments have taken place differently across the globe. Europe is experiencing the most rapid ageing, and the number of old people is already higher than the number of young people. This may explain why demographic change now has such a high priority in EU policies. Nico van Nimwegen, deputy director of the Netherlands Interdisciplinary Demographic Institute notes that the ageing problem is the dominant challenge the EU is facing. He sees the implications of this trend and the need for action and policy change in various areas. Employment has been recognized as one of these target areas. The ageing of the population has important repercussions on the available labor force and thus impacts economic prospects as a whole. This paper will analyze demographic changes and

Seminar paper from the year 2007 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,1, Berlin School of Economics, course: National and International Financial Relations, 13 entries in the bibliography, language: English, abstract: With the recent announcement of the investment bank Bear Stearns that two of their hedge funds High-Grade Structured Credit Enhanced Leverage Fund and High-Grade Structured Credit Fund had become nearly worthless, the discussion about hedge funds was newly rekindled. The funds were mainly invested in the market for mortgages loans to debtors with a medium or low degree of credit worthiness, the so called sub prime lending. They traded with collateralized debt obligations (CDO), which bunch the risk of those loans. Due to the decline in prices of properties and the increase in interest rate debtors got into trouble. Therefore the CDOs lost worth and the funds became bankrupt. Even if that is very problematic for the investors and the investment bank some economists think, that there could occur bigger problems. Meanwhile there are rumours that other funds got into trouble and economists worry that they could destabilize the whole financial system, due to their close relations to other financial institutions. Banks, in particular, which financed the funds, are in danger of being affected. Whether this small crisis will spread or not can actually not be answered. In the next days and months that remains to be seen. But for sure the discussion about hedge funds will be renewed. Therefore this essay will deal with that complicated topic. It is tried to explain what hedge funds are and how they work. For this purpose, first of all a proper definition for hedge funds is given. Secondly, the origin of hedge funds will be described and then the typical characteristics will be elaborated. Next, there is a short overview of the common strategies and about the development of hedge funds given. In the last

Studienarbeit aus dem Jahr 2005 im Fachbereich BWL - Personal und Organisation, Note: 1,3, Fachhochschule fur Wirtschaft Berlin, Veranstaltung: Personal und Organisation, 22 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: Kann es sein, dass in einem Land mit 1,3 Milliarden Einwohner nicht ausreichend Personal zur Verfugung steht? In vielen der wichtigsten Sektoren der boomenden Wirtschaft Chinas kann diese Frage vermehrt mit Ja" beantwortet werden. Obwohl Chinas Arbeitsmarkt ein grosses Angebot ungelernter Arbeitkrafte bietet beklagen sich Firmen im Suden des Landes bereits daruber, dass sie nicht genugend billige Fabrikarbeiter und gewerbliche Arbeitnehmer anwerben konnen. Qualifizierte Arbeitskrafte zu finden erweist sich als noch erheblich schwieriger. Aussagen wie die von Anthony Wu, Fuhrungskraft der Wirtschaftsprufungsgesellschaft Ernst & Young in Hong Kong und China, dass Auftrage von Grosskunden ausgeschlagen werden mussen, da nicht genug Personal vorhanden sei, um sie zu bewaltigen, bestatigen den Mangel an Arbeitskraften. Deshalb stehen die Erweiterung und der Erhalt des Personalstammes mittlerweile ganz oben auf der Prioritatenliste von Firmen in China. The biggest issue is retention of people," erklart Anthony Wu. "Retention is much cheaper than recruitment." Doch bei einer nationalen Abwanderungsrate von durchschnittlich 11,3% im Jahr 2004 stellt sich die Frage, wie man sein Personal motiviert und zufrieden stellt und dadurch daran hindert dem eigenen Unternehmen den Rucken zu kehren. Einen erheblichen Beitrag hierzu kann meiner Meinung nach ein gutes Motivations- und Anreizsystem leisten. Deshalb werde ich mich in meiner Hausarbeit mit Motivation und Anreizen fur Arbeitnehmer in China" beschaftigen. Nachdem ich eine kurze Erklarung zu den wichtigsten Begriffen in diesem Themenfeld gegeben habe, werde ich mich im zweiten Teil meiner Arbeit mit der Einordnung der chinesischen Kultur in das Landercluster nach Hofstede beschaftigen. Da

Studienarbeit aus dem Jahr 2006 im Fachbereich BWL - Marketing, Unternehmenskommunikation, CRM, Marktforschung, Social Media, Note: 1,0, Fachhochschule fur Wirtschaft Berlin, Veranstaltung: Mikrookonomie: Allokation und Verteilung, Sprache: Deutsch, Abstract: Der Preismechanismus ubernimmt die Lenkung der Wirtschaftsprozesse in Marktwirtschaften." Der Preis hat somit eine herausragende Bedeutung und bedarf besonderer Aufmerksamkeit. Wie er sich tatsachlich bildet ist erheblich von der Form des Marktes, auf dem die Bildung betrachtet wird abhangig. Das Marktergebnis variiert je nachdem wie viele Anbieter und Nachfrager am Marktgeschehen teilnehmen, d.h. zum Beispiel, dass sich auf einem Markt mit nur einem Anbieter ein anderer Preis bildet als auf einem Markt mit mehreren Anbietern. In der folgenden Arbeit wird dies dargestellt, indem die beiden Extrempole, welche in der Volkswirtschaftslehre vorkommen, die Preisbildung bei vollstandiger Konkurrenz und auf dem Monopolmarkt, aufgezeigt und verglichen werden. Zunachst erlautere ich den vollkommenen Markt und seine Kriterien, auf dessen Grundlage die Darstellung erfolgt. Im Weiteren unterscheide ich die Markte nach der Anzahl ihrer Teilnehmer auf der Angebots- bzw. auf der Nachfrageseite. Anhand der dargestellten Kriterien werde ich dann aufzeigen, was die Marktformen Monopol und vollstandige Konkurrenz definieren. Danach gehe ich, wie bereits erwahnt, auf die Preisbildung bei vollstandiger Konkurrenz ein. Hierbei betrachte ich zunachst die Nachfragekurve und das Angebot. Diese beiden Punkte werden dann zusammengefuhrt um die Preisbildung zu erlautern. Anschliessend gehe ich noch auf einige bedeutende Erklarungsansatze fur die Marktpreisbildung ein um dann die langfristige Entwicklung bei vollstandiger Konkurrenz darzustellen. Im nachsten Teil der Arbeit wird die Preisbildung auf einem Markt mit nur einem Anbieter dargestellt. Hierbei werde ich ebenfalls auf die Nachfrage und das Angebot eingehen um schliesslich das

Studienarbeit aus dem Jahr 2007 im Fachbereich Soziologie - Soziales System, Sozialstruktur, Klasse, Schichtung, Note: 1,1, Fachhochschule fur Wirtschaft Berlin, Veranstaltung: Politische Okonomie und Sozialstruktur der modernen Gesellschaft, 9 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: Von dem so genannten deutschen Kuschelkapitalismus" spurt ein grosser Teil der Deutschen derzeit wenig. Das System des rheinischen, koordinierten Kapitalismus, fur welches Deutschland bekannt war, scheint sich zu verandern. Die fur diese Form des Kapitalismus typischen Institutionen, Akteure, Normen und Verhaltensweisen scheinen im Auflosen oder in der Transformation begriffen. Es findet eine Entwicklung zu einem deutlich liberaleren System, ahnlich dem amerikanischen, statt. Diese Entwicklung wurde von vielen Wissenschaftlern vorausgesagt. Diese vermuteten, dass nach dem Ende des sozialistischen Systems eine neue Systemkonkurrenz entstanden ist und zwar zwischen den Kapitalismen untereinander, also zwischen den koordinierten und den liberalen Kapitalismen. Den Ausgang dieser Konkurrenz prognostizierten sie mit einem Ende des Nebeneinanders der Systeme und einer Transformation beider zu einem einheitlichen Typus, den sie als Finanzmarktkapitalismus be-zeichnen. Diese Wandlung begann in Amerika deutlich fruher in den 1980ern, was sicherlich auch mit der verstarkten Affinitat dieses Systems zu den Finanzmarkten zusammenhangt, und begann in Deutschland zeitlich verzogert erst in den Neunzigern zu wirken. Diesen einheitlichen Typus des Finanzmarktkapitalismus, seine Akteure, seine Institutionen, ihre Ver-haltensweise und ihr Zusammenspiel auf den Markten, sowie die Auswirkungen ihres Handelns auf eine Volkswirtschaft sollen im Folgenden beschrieben werden. Dazu wird zunachst versucht eine gemeingultige Definition fur diesen Typus zu geben. Danach wird versucht die Besonderheiten der Funktionsweise von Finanzmarkten herauszuarbeiten. Beginnend mit den Anlegern we