comprise high-value denominations, from Germany to these countries. As euro cash taken abroad for exchange to foreign currency is conceptually to be assigned to transaction balances and thus probably chiefly [...] denominations up to €100 is likely to take place largely via foreign travel (intra and extra euro area), whereas the €200 and €500 banknotes are likely to be shipped en masse to non-euro-area countries [...] cumulated net shipments (€104 billion) are likely to have been to Russia (€45 billion) and that these banknotes are likely to be kept there due to their store-of-value function or for activities

had been given to questions of disposition – the development of attitudes and values, and the emotional component of human experience and learning. There was a strong desire to move forward from [...] The demographic change leads to far-reaching consequences in human resource management of organizations. The authors illustrate how imperative it is that learning, didactics, and human resource [...] resource development are custom-tailored to the different life stages and therefore are able to ensure sustainability of employability. Schlüsselwörter: Lernen, Didaktik, Neurodidaktik

had been given to questions of disposition – the development of attitudes and values, and the emotional component of human experience and learning. There was a strong desire to move forward from [...] The demographic change leads to far-reaching consequences in human resource management of organizations. The authors illustrate how imperative it is that learning, didactics, and human resource [...] resource development are custom-tailored to the different life stages and therefore are able to ensure sustainability of employability. Schlüsselwörter: Lernen, Didaktik, Neurodidaktik

is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] employ this method to try to calculate foreign demand for US dollar banknotes, we have decided not simply to exclude by definition those months in which there were net return flows to the Bundesbank [...] introduction of the euro is more likely to be predominantly due to foreign demand. As a precise statistical recording of foreign demand is not possible, it is prudent to make corresponding estimates using

the employed insiders are to a certain degree protected against dismissals the trade unions may be induced to demand higher wages. Both channels lead to higher wage costs and to lower employment and a higher [...] qualifications to this statement will be discussed below). Higher contributions to the social security system by employees or higher taxes on labour income may induce trade unions to demand higher wages [...] and of a higher degree of employment protection all lead to a higher equilibrium real wage rate and to a higher unemployment rate. With respect to the coordination/centralization indicator, the effect

is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] affected by this is likely to be fairly limited in relation to the total value of banknotes circulating outside Germany. page 6 (net) banknote shipments from Germany to non-euro-area countries

is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] affected by this is likely to be fairly limited in relation to the total value of banknotes circulating outside Germany. page 6 (net) banknote shipments from Germany to non-euro-area countries

is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] affected by this is likely to be fairly limited in relation to the total value of banknotes circulating outside Germany. page 6 (net) banknote shipments from Germany to non-euro-area countries

employed insiders are to a certain degree protected against dismissals the trade unions may be induced to demand higher wages. Both channels lead to higher wage costs and to lower employment and [...] qualifications to this statement will be discussed below). Higher contributions to the social security system by employees or higher taxes on labour income may induce trade unions to demand higher [...] of a higher degree of employment protection all lead to a higher equilibrium real wage rate and to a higher unemployment rate. With respect to the coordination/centralization indicator, the effect

employed insiders are to a certain degree protected against dismissals the trade unions may be induced to demand higher wages. Both channels lead to higher wage costs and to lower employment and [...] qualifications to this statement will be discussed below). Higher contributions to the social security system by employees or higher taxes on labour income may induce trade unions to demand higher [...] of a higher degree of employment protection all lead to a higher equilibrium real wage rate and to a higher unemployment rate. With respect to the coordination/centralization indicator, the effect

credibility to solve effectively problems like the sovereign debt crisis mainly due to their inability to enforce EU member countries to reduce their budget deficits and to their failure to force EMU [...] failure to achieve the projected reductions in the general government deficit primarily reflects difficulties to adhere to expenditure plans in nominal terms. This does not seem to be due to particularly [...] resources to the IMF of up to € 200 billion via bilateral loans from EU and other central banks. All this has to be assessed against the earlier decision of the IMF to nearly triple its quotas to US-$

credibility to solve effectively problems like the sovereign debt crisis mainly due to their inability to enforce EU member countries to reduce their budget deficits and to their failure to force EMU [...] failure to achieve the projected reductions in the general government deficit primarily reflects difficulties to adhere to expenditure plans in nominal terms. This does not seem to be due to particularly [...] resources to the IMF of up to € 200 billion via bilateral loans from EU and other central banks. All this has to be assessed against the earlier decision of the IMF to nearly triple its quotas to US-$

credibility to solve effectively problems like the sovereign debt crisis mainly due to their inability to enforce EU member countries to reduce their budget deficits and to their failure to force EMU [...] failure to achieve the projected reductions in the general government deficit primarily reflects difficulties to adhere to expenditure plans in nominal terms. This does not seem to be due to particularly [...] resources to the IMF of up to € 200 billion via bilateral loans from EU and other central banks. All this has to be assessed against the earlier decision of the IMF to nearly triple its quotas to US-$

64 und Sensoren (ca. 700 €) erweitert. Im Rahmen der MT-Lehrver- anstaltungen Game Based Learning und DBB-Crackers wurde die Software Unity Pro (ca. 2.400 €) in Betrieb genommen. Labor Embedded [...] l vorgestellt und vom Fachpublikum gut aufgenommen. Auf dem internationa- len User Group Meeting an der Universität Oxford konnten nicht nur Ergebnisse diskutiert, sondern auch wertvolle Impulse [...] power sup- plies in industrial automation; Proceedings Vector Fields Euro- pean User Group Meeting and Conference, Oxford University, Oxford (UK) 2010 • Schmidt, H.-P., Seibold, C.: Measurement

need to be involved in order to ensure clearance of the hybrid OR at the end of the project. This topic is to be discussed in detail with the responsible individuals and authorities in order to avoid [...] quick to position and park. The limited space must be utilized optimally. Ergonomic aspects are to be considered for layout and design, which should enable flexible device management to cater to the needs [...] opportunity to discuss the workflow with the whole OR team. 5.1.3 Training in other departments within the hospital It has also proven to be very beneficial to send a designated Super User to a department

Wildbad-Kreuth, Germany, to explore whether and to what extent the resilience theory is applicable to sustainable development in general and in particular to finding solutions to tackle global warming, [...] theory is likely to provide a sound basis of the development of powerful strategies to drive sustainable development. In order to keep the Earth System resilient, efforts must be made to sustain its [...] development and its longevity. • To foster the auto-regulative capacity of the triade it is of crucial importance to strengthen its ability to continuously change and adapt to the ever changing site-specific

Financial Crisis In order to gain additional insights into the model’s ability to explain monetary developments, the observations for the period 2008 Q4 to 2010 Q4 are used to produce out-of-sample forecasts [...] seems to interact with wealth and indebtedness. In order to be able to more fully analyse the interaction between money holdings, con- sumption and wealth, the financing of households needs to be modelled [...] (3) 409–438 a We are grateful to Mika Tujula for providing euro area household wealth data, to Gabe de Bondt for sharing his equity market related measures and to Wolfgang Lemke for providing his

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] crises more and more economists argued in favour of a monetary policy which should pay more attention to monetary variables as early warning indicators of financial market imbalances. The present paper [...] Frankfurt, EZB. Scharnagl, M., C. Gerberding & F. Seitz (2010), Should Monetary Policy Respond to Money Growth? New Results for the Euro Area, International Finance, 13, 409-441. page

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] crises more and more economists argued in favour of a monetary policy which should pay more attention to monetary variables as early warning indicators of financial market imbalances. The present paper [...] Frankfurt, EZB. Scharnagl, M., C. Gerberding & F. Seitz (2010), Should Monetary Policy Respond to Money Growth? New Results for the Euro Area, International Finance, 13, 409-441. page

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] crises more and more economists argued in favour of a monetary policy which should pay more attention to monetary variables as early warning indicators of financial market imbalances. The present paper [...] Frankfurt, EZB. Scharnagl, M., C. Gerberding & F. Seitz (2010), Should Monetary Policy Respond to Money Growth? New Results for the Euro Area, International Finance, 13, 409-441. page

this is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro- area countries. The approach had to be modified when applied to individual denominations [...] retail sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] for all frequencies. Therefore, further modifications are needed to allow for these eventualities and to enable this method to be implemented. Fairly accurate estimation results can often be obtained

contact less power supplies in industrial automation; Proceedings Vector Fields European User Group Meeting and Conference, Oxford University, Oxford (UK) 2010 Schmidt, H.-P., Seibold, C., Measurement [...] Diskussionsbeiträge No. 30, November 2011 Rottmann, H., Wollmershäuser, T., A Micro Data Approach to the Identification of Credit Crunches, CEFISO Working Paper No. 3159, 2010 Rottmann, H., Auer, [...] tic Nondestructive Evaluation in Stettin (Polen), 2010 ▪ Vector Fields European User Group Meeting and Conference, Oxford University, Oxford (England), 2010 ▪ International IT Project Competition

suchen verstärkt nach Absolventen – Ver- anstaltungen wie »Master goes Industry« oder »Conrad meets students« sind ein Beweis hierfür und finden bereits in der zweiten Auflage statt. Ein großer [...] näher zusammen – diese Brücke bildet die Grundlage der Innovationskraft in der Region Fo to : T ak S an C hi u, e vi de nt m ed ia , A TC a - Newsletter 2|20127Wirtschaftsstandort

suchen verstärkt nach Absolventen – Ver- anstaltungen wie »Master goes Industry« oder »Conrad meets students« sind ein Beweis hierfür und finden bereits in der zweiten Auflage statt. Ein großer [...] näher zusammen – diese Brücke bildet die Grundlage der Innovationskraft in der Region Fo to : T ak S an C hi u, e vi de nt m ed ia , A TC a - Newsletter 2|20127Wirtschaftsstandort

growth data allows the central bank to reduce its response to cur- rent inflation, thus enabling it to avoid inefficient reactions to cost push shocks. According to Kilponen and Leitemo (2007), the case [...] function. According to their analysis, the Bundesbank did not respond to the level of the output gap as sug- gested by the Taylor rule, but rather to the change in the output gap as well as to deviations of [...] feature a response to the lagged interest rate, to deviations of inflation from target, to the change in the output gap and possibly, but not neces- sarily, an additional response to short-run movements