institute within a probit model. We extend the traditional approach in two directions: First, in addition to individual variables we also take into account factors derived from principal components analysis [...] e, there are some signs of instabilities in the last few years, whereas the economic downturn due to the financial market crisis was already evident in May 2007 in our preferred forecasting model. Since [...] betrieblicher Altersversorgung für den GGF." von Thomas Dommermuth 9 "Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?" von Heribert Popp

sogenannte Hessische Bewertungsmodell aufsetzt. Summary The conversion of the cameralistics to the new local account system requires the opening balance sheet, in which all assets and liabilities [...] betrieblicher Altersversorgung für den GGF." von Thomas Dommermuth 9 "Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?" von Heribert Popp

the top 5 paths, 3 paths belong to behavioral culture, 1 path belongs to institutional culture, 1 path belongs to spiritual culture, and no path belongs to material culture. page 15 [...] held 12 study meetings to find the paths of creating harmonious corporate culture. Authors identified 62 analysis units and 27 small categories and 4 categories. All paths were assigned to 4 categories [...] harmonious corporate culture in order to seek out which paths were perceived and received by most people. The results of this paper are useful to entrepreneurs who want to build harmonious corporate culture

manufacturing sector are asked to respond to the following question: “How would you assess the current willingness of banks to extend credit to businesses”? The answers to choose from are “accommodating” [...] firms. In this survey firms are asked to give their perception of the current willing- ness of banks to extend credit to businesses. We interpret the responses to the credit question as information [...] “one of the crucial issues related to the credit crunch is the extent to which profitable and viable firms did or did not have access to finance.” They tried to tackle this problem by looking at the

and 2000) to improve the scope of protection for patents. In contrast to the United States, where a first-to-invent system operates, China follows a first-to-file system.35 “First-to-file” means [...] help individuals to act systematically and to enable them to define their approach to operate within a company with a focus on OMI. A defined process is a key for organizations to follow their business [...] and a shorter time to market for new products. Aiming to reduce R&D expenses through new ideas and improved pro- cesses, some companies offer incentives to suppliers in order to increase the exchange

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 [...] for the potential user and the deferred taxation put the performance in question. The author came to completely different results: the complexity is lower and the yield is significantly higher than [...] betrieblicher Altersversorgung für den GGF." von Thomas Dommermuth 9 "Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?" von Heribert Popp

from an equilibrium with perfect to one with imperfect information, high-ability workers have to invest more in education to separate themselves and move from point B to point C in Figure 7 page [...] productivity-enhancing effects of education. To this extent there is a huge amount of literature which tries to test which of the two theories is correct by trying to separate empirically the purely prod [...] salaries of workers in occupations relevant to their educational qualification to those with the same qualification working in jobs not directly related to their qualifications. • An experimental

organization like the church to bring these systems into balance? Based on assumptions of the New Economic Sociology is transferred from the idea of communicative action to the church. Journal [...] 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 [...] betrieblicher Altersversorgung für den GGF." von Thomas Dommermuth 9 "Zur Entwicklung von E-Learning an bayerischen Fachhochschulen- Auf dem Weg zum nachhaltigen Einsatz?" von Heribert Popp

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 [...] 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

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-$

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 [...] stellen kann. "The success of the system depends on the ability of SOs [supporting organisations] to create and sustain a high level of transparency and credibility that is commensurate with the nature [...] S. 202-219. Higgs, M./Rowland, D. (2005): All Changes Great and Small : Exploring Approaches to Change and its Leadership, in: Journal of Change Management. Jg. 5, S. 121 -1151. Hölz, H.M.

robustness with respect to two commonly used alternative GARCH models. This means that we add the term κht (or κh0.5 t or κln(ht)) to the mean equation (1) to convert the model to a design of the GARCH-M [...] model in two ways. First, in order to capture serial correlation in stock returns, we follow Bhattacharya et al. (2003) and add lagged returns to the mean equation. Second, to test for Friday effects in the [...] model, it is additionally related to two seasonal dummies. In order to determine the size ofm, p and q for each country, we employ a model selection procedure similar to Bollerslev (1988) and Choudhry

by changing from procyclical to countercyclical spending after 2000 (Botswana, Nigeria) or from a-cyclical to countercyclical spending (Cape Verde) or from procyclical to a-cyclical spending (Burkina [...] (moderately) procyclical. While from 1980 to 2000 in almost two thirds of the 46 countries, which we examined, spending was procyclical this share declined to less than 40 percent after 2000 and in the [...] Africa´s fiscal deficit, which had amounted to 7 per cent in the 1980s, declined steadily during the 1990s and the 2000s and during 2006- 2010 it was close to zero. This latter period included some years

how it can steer actual inflation to its target rate. As monetary neutrality is assumed to prevail, the relative change of the price level has to be equal to the relative change in the nominal [...] difficult to gauge. The reasoning is that real balances reflect agents’ portfolio adjustments in response to aggregate demand and / or technology shocks to which they are exposed to.35 Ullersma [...] This leads to the second equilibrium. Due to growing risk and uncertainty, precautionary money demand increases, leading to an increasing value of outside money. This, in turn, leads to a collapse

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 [...] importance of the service business of manufacturing companies increases and the companies want to differentiate themselves with their service offerings and exploit revenue opportunities. The i [...] implemention is often mediocre. This article shows what measures companies can undertake in order to design the service business professionally and profitably. page 3 Wie erzielen

EMU (from 1999 to 2008), and an increasing dispersion of wages according to labor productivity were necessary to strengthen investment and stimulate economic growth in Germany and to reduce unemployment [...] whereas it has continued to rise against third countries. International trade is not a zero sum game. Increasing German exports contribute to growth in other economies due to their high import content [...] that Germany has done nothing to reduce its trade surplus against EMU crisis countries, while these economies were able to sharply reduce their trade deficits due to an “imposed austerity”. Therefore

"My approach to the problem of uncertainty over model selection is relatively simple: Use a wide variety of models and don‘t ever trust any one of them too much. But there seems to be much too [...] "uncle asking", relative to econometric evidence. Skepticism about econometric estimates is one thing, and is highly appropriate. But healthy skepticism should not be allowed to devolve into econometric [...] offiziellen Stellungnahmen von Zentralbanken wie "within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough." (Draghi, 2012, bei Ankündigung

ECB isn’t allowed by European law to finance the debt of euro area Member States. The “Bundesverfassungsgericht” brought the case to the European Court, which now has to judge if the ECB transgressed its [...] (ESM) is a permanent financing mechanism with the task to support euro area Member States by financing their loans in case they have problems to finance their debt in the private financial markets. [...] Mechanism (EFSM) and the European Financial Stability Facility (EFSF) were installed to help Ireland, Portugal and Greece to finance their public debt. The German State is part of the above mentioned financing

strategy to force their employees to leave the firm under strict EPL (Wasmer, 2006, and Boeris and van Ours, 2008). Agents with limited horizons could cling to non-satisfying jobs to avoid the [...] appropriate to analyze the determinants of suicide rates for both genders separately and to try to identify the determinants of the cross-country distribution of suicide rates or to use cross-section [...] of observations decreases to approximately 50% of the benchmark sample (table 3 and 4). The results are robust to these alternative definitions of our data, as well as to the sample adjustments.

rules (BRRD and SRM) to stabilize and to reorganize a struggling bank are presented in the following paper. The new instrument, the so called bail-in of investors and bank customers to avoid the bail-out [...] 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 [...] hren aussetzen könnte, ohne dass das Finanzsystem insgesamt gefährdet wäre (Stichwort: too big to fail).4 Vor dem Hintergrund der Auswirkungen der globalen Finanzkrise wurde der Finanzsta

rated securities. Furthermore the ECB has announced – if necessary –to start a quantitative easing program by buying state loans to fight against deflation in the euro zone. These measures will inflate [...] 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 [...] Aschaffenburg Germany ralph.hirdina@h-ab.de Abstract: The European Central Bank has announced to buy in a first step asset backed securities and mortgage loans for about 500 billion euros. The rating

Council meeting of November, the ECB has announced to widen its balance sheet by € 1 trillion. The volume of the balance sheet of the ECB should reach the level of 2012, nearly € 3 trillion. To reach that [...] the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term [...] 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