Titlebook: Investing Today for the World of Tomorrow; Studies on the Inves Deutsche Bundesbank Conference proceedings 2001 Springer-Verlag Berlin Heid

Bronchial-Tubes

Discussion, years. As it is too rich to comment on all of aspects, I will concentrate my comments on two points, the importance of financial market imperfections for macroeconomic modeling, and the role of financial innovation in the transmission of monetary policy.

廣口瓶

Corporate Governance and the Financing of Investment for Structural Change,he financial system as it guides the flow of funds from the household sector to the production sector of the economy. The contrast of ‘bank-dominated’ and ‘market-oriented’ financial systems has for a long time occupied centre stage of the literature on financial institutions. The present paper leav

直覺好

Discussion,mulating and provocative paper, Martin Hellwig comes down firmly on the side of the managerialist view. Managers have erected a set of devices to protect themselves from external interference ranging from multiple classes of shares, interlocking shareholdings and anti-takeover devices. Becht and May

整頓

Corroborate

冒失

FIS

Discussion,I greatly appreciated Professor Chirinko’s paper. It is most effective in giving insights and in summarising the complex literature on capital accumulation, and I have no basic disagreement. My comments will not go into the more analytical of the paper, but will concentrate on three policy aspects.

Optometrist

BABY

Discussion,regard, and how this analysis relates to the current environment in Europe and recent policy proposals in Germany. In my comments, I will summarize what I see as the paper’s key points, evaluate these points, and raise additional issues relevant to the subject of the conference, ‘Investing Today for the World of Tomorrow’.

尖叫

Discussion,ts, according to the text of the paper, show that — in Germany at least — this link may be negative. That is not a radical outcome. Other papers have come to the same conclusions, even if in rather different settings.