International Economics Department News

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Personnel news

Jakob Miethe has successfully defended his dissertation

Jakob Miethe, who works at the International Economics department, has successfully defended his dissertation at the Humboldt-Universität zu Berlin.The dissertation with the title "Offshore Finance and the Economics of Regulation and Reform" was ...

Weekly Report

International treaties insufficiently curb global tax evasion

In recent years, the global community has promoted several initiatives aimed at breaking bank secrecy in tax havens. Such treaties for the exchange of information among tax offices can be effective. A treaty between country A and tax haven B reduces ...

17.10.2018| Lukas Menkhoff, Jakob Miethe
Press Release

Short-term benefits for Germany and the euro area from a U.S. interest rate hike

German Institute for Economic Research: No reason for exaggerated concern about an economic slowdown Euro area states can benefit from an interest rate increase in the U.S. in the short term, according to the findings of a current study by the ...

Economic Bulletin

Central banks should communicate their interventions in the foreign exchange market

Central banks frequently intervene in foreign exchange markets. Using recognized criteria this report analyzes the probability of success in a data set of 4,500 intervention episodes in 33 countries. It is important to differentiate among exchange ...

02.11.2017| Lukas Menkhoff, Tobias Stöhr
Economic Bulletin

Financial literacy promotes financial inclusion in both poor and rich countries

For social and economic reasons, national economies benefit from the inclusion of as many people as possible in financial services. In a cross country study, the present study shows that financial literacy for the general population promotes ...

11.10.2017| Antonia Grohmann, Lukas Menkhoff
Economic Bulletin

Foreign exchange market interventions: A frequently used and effective tool

Is it common for central banks to intervene in foreign exchange markets in order to influence exchange rates? And if so, is it effective? From a German perspective, these questions seem surprising, since the European Central Bank (ECB) does not ...

04.05.2017| Lukas Menkhoff, Tobias Stöhr

"Foreign exchange market interventions take place predominantly in emerging and developing countries": seven questions for Lukas Menkhoff

Mr. Menkhoff, foreign exchange market interventions (FX interventions) can be used to influence international exchange rates. Where and how frequently are FX interventions implemented? At present, these interventions take place predominantly in ...

04.05.2017| Lukas Menkhoff
Press Release

Lack of equal rights regarding financial decisions contributes to women’s lower level of financial literacy

DIW Berlin examined the causes for the gender gap in financial literacy in several countries – Cultural factors play a key role in addition to income, education, and experience – Better financial literacy would mean more financial ...

Economic Bulletin

The gender gap in financial literacy: income, education, and experience offer only partial explanations

In most countries, women have a lower level of financial literacy than men on average. This report demonstrates that differences in income and education and less experience in financial matters only provide a partial explanation for the gender gap. ...

18.11.2016| Antonia Grohmann

"On average, women know less about financial matters than men do in most countries": seven questions for Antonia Grohmann

Ms. Grohmann, you have examined the gender gap in financial literacy. In general, do women know more or less about financial matters than men do? On average, women know less about financial matters than men in most countries. There are exceptions ...


Assessing risk attitude: The benefits of pooling measures

In Germany and many other countries, financial advisors are required by law to assess their clients’ risk preferences in order to help them make informed and appropriate investment decisions. Most institutions that provide financial advice - ...


"Asking more than one question is key": Nine questions for Lukas Menkhoff

Mr. Menkhoff, in many countries the law requires financial institutions to give financial advice to people who are going to invest money. How do financial institutions normally assess the risk attitude of their customers? The most common way ...

Press Release

Childhood experiences shape financial behavior in adulthood

Parents exert indirect influence on the way in which their children will deal with money and financial products in the future – schools can promote competent financial behaviors "Waste not, want not“: Children whose parents teach them ...


"Many People Have Inadequate Understanding of Basic Financial Concepts." Seven Questions to Antonia Grohmann

Ms. Grohmann, some people make considerably poorer financial decisions than others. Where exactly do these people experience difficulties?Many individuals make poor financial decisions, particularly when it comes to saving for retirement. They don ...

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