The resurgence of cultural borders in international finance during the financial crisis: Evidence from Eurozone cross-border depositing

In this paper, we demonstrate that cultural borders in international finance resurge during financial crises. To investigate the role of cultural borders during both tranquil and crisis periods, we employ a unique data set that focuses on Eurozone cross-border depositing in a gravity-model framework. We provide evidence that cultural distance limits international financial integration. However, cultural borders lost influence during a "Europhoria" phase after the introduction of the Euro notes in 2002, indicating that confidence in the new currency helps to overcome cultural borders. In contrast, cultural borders have severely limiting effects during crisis periods

Financial crises and cross-border banking: New evidence

The surge in cross-border banking prior to global financial crises took place not only in the interbank market but also in the retail market, e.g. between banks and their private customers abroad. We utilize confidential data to estimate for the first time the effects of banking, currency and twin crises on the geography of cross-border deposits and loans. We show that each crisis type has its own specific effects, that these effects themselves lead to sustained increases in cross-border banking, and that they are different for cross-border loans and deposits, respectively

Integration and Adaptation Policy towards Migrants in Germany: Lessons from Unexpected Experiences

This chapter reviews the integration experiences and policies in Germany before and after the so-called “refugee crisis’. Chancellor Angela Merkel's famous words ‘wir schaffen das’ (we manage this) have mobilized both policy actions and a massive grassroots engagement. In this context, we discuss the scope, efficiency and impact of German integration and adaptation policies. We review critically how Germany has dealt institutionally with immigration in the past and how it has adjusted its institutional approach to deal with the refugee crisis. Furthermore, in a case study on integration policies in higher education, we highlight the interplay between institutional approaches and grassroots engagement to achieve integration objectives. We argue that to a certain extent, the refugee crisis has acted as a catalyst for Germany to come to terms with its long-denied status as an immigration country

The Resurgence of Cultural Borders during the Financial Crisis: The Changing Geography of Eurozone Cross-Border Depositing

We investigate the impact of cultural borders on the geography of international finance during stable and crises times. We employ a unique data set that focuses on Eurozone cross-border depositing during the 1999-2011 period in a gravity-model framework. We find that cultural distance limits international financial integration over and above what can be expected from economic trade and transaction costs. While we provide evidence that cultural borders lost influence during a "Europhoria" phase after the introduction of Euro notes in 2002, our findings indicate that cultural borders resurge during the 2007/2008 financial crisis and severely limit financial integration. (C) 2016 Elsevier B.V. All rights reserved

The Determinants of Cross-Border Lending in the Euro Zone

We investigate the determinants of cross-border lending in the euro zone with a focus on the potentially limiting role of cultural and political factors. Employing a unique data set of european cross-border loans, the study uses various specifications of gravity models, which are subsequently augmented by societal proxies. Although trade-theoretic and financial development reasoning can explain part of the surge in cross-border lending, we demonstrate that distance and borders still matter. Moreover, we identify cultural differences and different legal family origin as important barriers to further integration in the euro zone

Financial crises and cross-border banking: New evidence

The surge in cross-border banking prior to global financial crises took place not only in the interbank market but also in the retail market, e.g. between banks and their private customers abroad. We utilize confidential data to estimate for the first time the effects of banking, currency and twin crises on the geography of cross-border deposits and loans. We show that each crisis type has its own specific effects, that these effects themselves lead to sustained increases in cross-border banking, and that they are different for cross-border loans and deposits, respectively

Aktivität fördern, Lernen vertiefen, Vielfalt nutzen – das Potenzial des Schreibens in Lehrveranstaltungen einsetzen

Langelahn E. Aktivität fördern, Lernen vertiefen, Vielfalt nutzen – das Potenzial des Schreibens in Lehrveranstaltungen einsetzen. In: Heuchemer S, Szczyrba B, van Treeck T, eds. Hochschuldidaktik als Akteurin der Hochschulentwicklung. Blickpunkt Hochschuldidaktik. Vol 136. Bielefeld: wbv media; 2020: 191-198