DIW Roundup

About the DIW Roundup

In this publication, DIW Berlin experts provide an overview of current discussions in their research areas and evaluate the latest findings. The DIW Roundup is published online and includes links to other online sources giving readers the opportunity to examine the topic in more depth.
73 results, from 1
DIW Roundup 136 / 2019

Stranded Assets and Resource Rents: Between Flaws, Dependency, and Economic Diversification

Asset stranding–the unanticipated depreciation of assets (e.g. resource re-serves, infrastructure, stocks) due to market shifts such as policy interventions or innovation–is at the core of current debates in energy and climate. This roundup presents

2019| Dawud Ansari, Ambria Fareed
DIW Roundup 133 / 2019

Insolvency Regimes and Economic Outcomes

When in distress, a firm may need restructuring or liquidation; in either case, legal uncertainty compounds the difficulty. Sound and efficient insolvency regimes are important as these not just positively affect investment, innovation, and economic

2019| Tatsiana Kliatskova, Loïc Baptiste Savatier
DIW Roundup 131 / 2019

The Impact of Mobile Money in Developing Countries

Mobile money is a success story in terms of facilitating account ownership and payments in developing and emerging countries. Today, telecommunication companies offer mobile money services across more than 90 countries. The most popular services are

2019| Jana Hamdan
DIW Roundup 130 / 2019

Do Default Assignments Increase Savings of the Poor? Empirical Evidence

Although households in developing and emerging countries are relatively poor, there is potential to save. For example, one study estimates that up to 8.1% of a poor household’s budget in such countries is spent on so-called temptation goods, like ...

2019| Eva Haaser, Melanie Koch
DIW Roundup 129 / 2019

Stability Implications of Financial Interconnectedness under the Capital Markets Union

In the run-up to the European elections in May 2019, the European Commission is trying to advance the initiatives laid out in its action plan for a European Capital Markets Union (CMU). In order to diversify financing sources and to increase private

2019| Justus Inhoffen
DIW Roundup 128 / 2019

Measuring the Effect of Foreign Exchange Intervention Policies on Exchange Rates

Central bank intervention in foreign exchange markets is a common tool to influence exchange rates. Although central bankers are convinced of their policy’s effectiveness, econometric estimates of precise effects differ across studies. The ...

2019| Lukas Boer
DIW Roundup 125 / 2018

Innovative Business Models for Cleantechs

2018| Carlotta Piantieri
DIW Roundup 124 / 2018

Environmental Regulations: Lessons from the Command-and-Control Approach

Policy makers have long favored command-and-control (CAC) methods to tackle environmental damage. The number of CAC policies devoted to environmental protection has increased steadily since the 1950s and have been a large part of the overall ...

2018| Puja Singhal
DIW Roundup 123 / 2018

Linking Cap-and-Trade Systems

Linking cap-and-trade systems promises gains in cost effectiveness and signals a strong commitment to carbon policy. Linking is also seen as one possible way of converging from regional climate policy initiatives toward a global climate policy ...

2018| Katharina Erdmann, Aleksandar Zaklan
DIW Roundup 122 / 2018

Regulatory Differences and International Financial Integration

The Capital Markets Union (CMU) – an initiative of the European Commission – aims to unify and deepen capital markets across EU Member States by removing existing barriers to cross-border investment and, in particular, harmonizing financial and ...

2018| Tatsiana Kliatskova
DIW Roundup 121 / 2018

The Macroeconomic Effects of Exchange Rate Movements

The macroeconomic effects of exchange rate movements have been subject to an extensive debate in international economics. Traditionally, much of the discussion was focused on the relation between the effective exchange rate and the trade balance. ...

2018| Pablo Anaya, Stefan Hasenclever
DIW Roundup 120 / 2018

What Determines the Costs of Fiscal Consolidations?

Recent studies have proposed several factors that determine how fiscal consolidations affect the economy. This Roundup focuses on several of these determinants. Namely, it discusses how the composition of the consolidation measure, the state of the .

2018| Mathias Klein
DIW Roundup 119 / 2018

Monetary Policy Normalization in the Euro Area

The ECB announced in October 2018 that it would begin to cut back the amount of monthly asset purchases starting January 2018 while extending the duration of the purchases until at least September 2018. At it latest Governor’s Council meeting in ...

2018| Daniel Privitera, Malte Rieth
DIW Roundup 117 / 2017

International Investments and Current Account Imbalances: The Importance of Valuation Changes

Global capital flows have strongly increased from the 1980s until the outbreak of the financial crisis. As a result of this development, Germany's foreign investment has risen to around 250 percent of gross domestic product while foreign investments

2017| Guido Baldi, Björn Bremer, Thore Schlaak
DIW Roundup 116 / 2017

Capital Market Integration and Macroeconomic Stability

After the establishment of the Banking Union, the European Commission is working on measures to foster capital market deepening in Europe. Key goals for a European Capital Markets Union are to provide firms with alternative funding sources to bank ..

2017| Franziska Bremus, Ruth Stelten
DIW Roundup 115 / 2017

The Use of Financial Market Variables in Forecasting

Financial market indicators can provide valuable information for forecasting macroeconomic developments. In response to the global financial crisis of 2007/2008, the role of financial variables for forecasting has been revisited, and new empirical ..

2017| Stefan Gebauer
DIW Roundup 114 / 2017

Microenterprises in Developing Countries: Is there Growth Potential?

Microenterprises account for a large fraction of employment in developing countries and they are likely to increase in importance in the future. In Sub-Saharan Africa, for example, around 8 million additional jobs need to be created annually in order

2017| Helke Seitz
DIW Roundup 113 / 2017

Does More Education Protect against Mental Health Problems?

Mental health conditions are a leading cause of disability-adjusted life years (DALYs) and health costs worldwide: They account for 199 million DALYs or 37 percent of healthy life years lost from non-communicable diseases. The sum of direct and ...

2017| Daniel Graeber
DIW Roundup 111 / 2017

Wind Power: Mitigated and Imposed External Costs and Other Indirect Economic Effects

Since the 1990s, (onshore) wind power has become an important technology for electricity generation throughout the world. The economic rationale is the mitigation of negative externalities of conventional technologies, in particular emissions from ..

2017| Alexander Zerrahn
DIW Roundup 110 / 2017

The Natural Rate of Interest and Secular Stagnation

In many advanced economies, there has been a declining trend in interest rates over the past thirty years. Since the financial crisis, interest rates have remained particularly low. Though a decrease in inflation explains part of the fall in nominal

2017| Guido Baldi, Patrick Harms
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