METHOD OF DECISION MAKING FOR EXPERIENCED ENTREPRENEURS Thanks to the outstanding commitment of the Indian cognitive scientist Prof. Dr. Saras D. Sarasvathy, entrepreneurship research has been enriched by a number of important new approaches. She teaches entrepreneurship and ethics at…
Based on current policies we are projected to reach 3.0°C of global warming by the end of the century; Economic stress and damage from natural disasters reached USD 165 billion in 2018 alone; Environmental concerns dominate the top risks by…
DRIVING NEW STANDARDS FOR FINANCIAL PLAYERS? The German Federal Financial Supervisory Authority (BaFin) issued their Guidance Notice on Dealing with Sustainability Risks. Sustainability is more and more a strategic issue, also for BaFin. For this reason, the new Guidance to…
Since 1980, emerging markets have shown strong signs of economic growth with rising income levels leading to higher disposable incomes. However, the initial firing shot did not proceed as many expected and it took another 20 years before they started…
THE NEED FOR LOCAL CURRENCY Actors of the real economy usually require their local currency for doing business. This basically applies to most countries and all different kind of sectors, but especially to households and micro entrepreneurs in developing countries…
THE ROLE OF FINANCE IN DEVELOPMENT Appropriate financing for small and medium sized enterprises (SMEs) at national scales provides the “blood stream” that irrigates large corporations with raw materials and clients. In turn, demand and supply from corporations creates the…
INTRODUCTION There seem to be rather good crash barriers on each side of the investment path for fixed income investors in developed markets as there are two very basic idioms: “Don’t fight the central bank” and “bad news is good…