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Combating Money Laundering and the Financing of Terrorism: A Survey

Policy programs on anti-money laundering and combating the financing of terrorism (AML/CFT) have largely called for preventive measures like keeping record of financial transactions and reporting suspicious ones. In this survey study, we analyze the extent of global money laundering and terrorist financing and discuss the preventive policies and their evaluations. Moreover, we investigate whether more ...

Terrorism Induced Cross-Market Transmission of Shocks: A Case Study Using Intraday Data

Terrorist incidents exert a negative, albeit generally short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This paper investigates the cross-market transmission of the London Stock Exchange's reaction to the terrorist attacks ...

Rogue State Behavior and Markets: The Financial Fallout of North Korean Nuclear Tests

Financial markets react to major political events. The two nuclear tests conducted by North Korea in 2006 and 2009 were a sober confirmation of the nuclear weapon capacity of this state with the concomitant potential security threat this posed for the stability of the greater region. We examine how ten regional stock exchanges and currency markets reacted to this security development and these two ...

The Generalized Roy Model and The Cost-Benefit Analysis of Social Programs

The standard analysis of treatment effects only considers the gross benefit of treatment and does not consider the cost as perceived by the agents or the surplus arising from participation in programs (the private subjective evaluation of the program). This paper extends the analysis of Heckman and Vytlacil (1999, 2005) to identify parameters measuring the costs and net gains of arising from...

Engineers in Germany: No Shortage in Sight

Engineers in Germany: No Shortage in SightBy: Karl Brenke in: DIW Economic Bulletin 5/2012.There is no let up in complaints about a potential lack of engineers in Germany. The Association of German Engineers (Verein Deutscher Ingenieure, VDI) recently declared that because of the high average age of engineers working in Germany (50 to 51), there will soon be a huge demand for a new generation of engineers. ...

Engineers in Germany: No Shortage in Sight

There is no let up in complaints about a potential lack of engineers in Germany. The Association of German Engineers (Verein Deutscher Ingenieure, VDI) recently declared that because of the high average age of engineers working in Germany (50 to 51), there will soon be a huge demand for a new generation of engineers. Upon closer examination, these fears prove to be unfounded. Although there has been ...

University Graduates Alone Meet Demand: Six Questions to Karl Brenke

German Manufacturing Withstands the Rise of Emerging Economies

Between 2000 and 2009, China became the second largest industrialized nation, while manufacturing industries in other emerging and many Eastern European countries also experienced very strong growth. However, Germany was largely able to maintain its share of global industrial output. In 2009, as in 2000, Germany's value added share represented around 6.5 percent. This shows that Germany as an industrial ...

"University Graduates Alone Meet Demand" Six Questions to Karl Brenke

"University Graduates Alone Meet Demand" Six Questions to Karl Brenke

German Manufacturing Withstands the Rise of Emerging Economies

German Manufacturing Withstands the Rise of Emerging EconomiesBy: Martin Gornig and Alexander Schiersch in: DIW Economic Bulletin 5/2012.Between 2000 and 2009, China became the second largest industrialized nation, while manufacturing industries in other emerging and many Eastern European countries also experienced very strong growth. However, Germany was largely able to maintain its share of global ...