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Personnel news
Mara Barschkett has successfully defended her dissertation titled "(Unintended) consequences of social and family policies on health and well-being: Five Essays in Health and Family Economics" supervised by C. Katharina Spieß (1. supervisor) and Peter Haan (2nd supervisor) at Freie Universität Berlin. Congratulations!
16.05.2023
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Personnel news
Lukas Boer has successfully defended his dissertation "Essays in International Finance, Energy Economics, and Applied Times Series Econometrics" supervised by Lukas Menkhoff (1st supervisor) and by Michael Burda (2nd supervisor) at Humboldt-Universität zu Berlin. Congratulations!
02.12.2022
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Personnel news
Jana Hamdan has successfully defended her dissertation "Essays on the Impact of Behavioral Aspects and Education for Financial Development" supervised by Lukas Menkhoff (1st supervisor) and Georg Weizsäcker (2nd supervisor) at Humboldt-Universität zu Berlin. Congratulations!
02.12.2022
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Personnel news
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 supervised by Prof. Dr. Lukas Menkhoff (DIW Berlin, Humboldt-Universität zu Berlin) and Prof. Marcel Fratzscher, Ph.D. (DIW Berlin, Humboldt-Universität ...
24.07.2019
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Interview
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 deposits from A in banks of B by approximately 30 percent. However, the analysis shows that tax evaders react to such treaties not by becoming honest taxpayers ...
19.10.2018| Jakob Miethe
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Weekly Report
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 deposits from A in banks of B by approximately 30 percent. However, the analysis shows that tax evaders react to such treaties not by becoming honest taxpayers ...
17.10.2018| Lukas Menkhoff, Jakob Miethe
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Report
Helke Seitz and Tim Kaiser contributed with the topic "Promoting financial inclusion: New policies and technological innovations through digital finance" to the Young Economic Summit 2018! The topic was chosen by the Berlin International School Team II. The team tackled this topic by suggesting a digital platform which they called "Virgo". The idea of Virgo is to increase the accessibility ...
10.10.2018| Tim Kaiser, Helke Seitz
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Press Release
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 German Institute for Economic Research (DIW Berlin). Thanks to the devaluation of the euro, their exports would rise to the extent that they are able to overcompensate ...
21.03.2018
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Economic Bulletin
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 rate regimes because each focuses on a different goal. While flexible exchange rate regimes intervene less frequently and seek to influence trends, other ...
02.11.2017| Tobias Heidland, Lukas Menkhoff
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Economic Bulletin
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 financial inclusion. This relationship goes beyond the effect of higher economic or financial development. And the effect of higher levels of financial literacy ...
11.10.2017| Antonia Grohmann, Lukas Menkhoff
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Report
Tobias Heidland has been appointed for the W3-Professorship for economics, in particular macroeconomics at the Faculty of Business, Economics and Social Sciences of Kiel University.
The professorship will start on 1 October 2020.
The department international economics warmly congratulates him!
07.09.2017| Tobias Heidland
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Economic Bulletin
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 intervene in foreign exchange markets—rather, it lets the exchange rates float freely. The situation is very different in the emerging countries: according ...
04.05.2017| Tobias Heidland, Lukas Menkhoff
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Interview
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 emerging and developing countries. In the countries that use them, an intervention takes place almost one out of every three days. [...]
04.05.2017| Lukas Menkhoff
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Press Release
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 security for women in retirement
In most countries of the world, women know less about financial matters than men. Socio-demographic factors such as income, ...
21.11.2016
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Economic Bulletin
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. Data from various countries show that cultural differences may also play a role. In order to close the gender gap in financial literacy, schools should ...
18.11.2016| Antonia Grohmann
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Interview
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 – Thailand and Russia, for example – but in 135 out of 144 countries, women know less about finances than men. [...]
The ...
18.11.2016
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Report
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 - banks, for instance - carry out this assessment using just one type of risk measure. Financial advisors might ask clients to answer a question about their ...
19.10.2016
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Interview
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 involves asking clients to self- assess their attitudes toward risk or their hypothetical response to a risky situation. Typically, clients will choose from a ...
19.10.2016
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Press Release
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 this concept—and offer similarly wise directives when it comes to money and finances—will often make better financial decisions as adults. This ...
29.07.2015
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Interview
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’t start planning early enough and consequently don’t save enough to provide them with financial security in old age. They underestimate how much ...
29.07.2015