Funktionsfähigkeit und Stabilität von Finanzmärkten

This series, edited by the Ottobeuren Seminar on Economics, publishes those papers which are given at the seminars in Ottobeuren. The purpose of these seminars is to present new theoretical approaches as well as new empirical findings to a group of experts and to discuss the political-economic conclusions with them. This volume contains the papers and supplementary papers given at the 34th Seminar on Economics on the subject of 'financial crises' from September 12 - 15, 2004. The objective of the seminar was to discuss current issues involving financial markets and the economy in the fields of corporate governance, banks and stock markets as well as the causes and the consequences of international financial crises.