TY - JOUR A1 - Jost, Thomas A1 - Reitz, Stefan T1 - 25 Jahre Maastrichter Verträge - reale Divergenzen und institutionelle Reformen JF - Wirtschaftsdienst - Zeitschrift für Wirtschaftspolitik KW - Maastricht, Eurozone, Euro, Konvergenz KW - Maastrichter Vertrag Y1 - 2017 VL - 97 IS - 2 SP - 124 EP - 129 PB - Springer ER - TY - CHAP A1 - Jost, Thomas T1 - Auswirkungen von Direktinvestitionen in Entwicklungsländern T2 - Theoretische und wirtschaftspolitische Aspekte der internationalen Integration KW - Direktinvestitionen KW - Entwicklungsländer KW - Direktinvestition Y1 - 2003 SN - 3-428-11078-1 SP - 255 EP - 273 PB - Duncker & Humblot CY - Berlin ER - TY - JOUR A1 - Jost, Thomas T1 - Bei der Euro-Reform werden die Weichen falsch gestellt JF - Börsenzeitung KW - Internationaler Währungsfonds KW - Euro, Währungsunion, ESM Y1 - 2018 VL - 2018 IS - Nr. 229 SP - 6 EP - 6 ER - TY - RPRT A1 - Jost, Thomas A1 - Nunnenkamp, Peter T1 - Bestimmungsgründe deutscher Direktinvestitionen in Entwicklungs- und Reformländern - Hat sich wirklich etwas verändert? T2 - Kieler Arbeitspapier KW - Direktinvestitionen KW - Entwicklungsländer KW - Direktinvestition Y1 - 2002 UR - https://www.econstor.eu/bitstream/10419/2819/1/kap1124.pdf VL - 2002 IS - 1124 ER - TY - RPRT A1 - Jost, Thomas A1 - Mink, Reimund T1 - Central bank losses and commercial bank profits - unexpected and unfair? T2 - IMFS Working Paper Series No. 199 N2 - The Eurosystem and the Deutsche Bundesbank will incur substantial losses in 2023 that are likely to persist for several years. Due to the massive purchases of securities in the last 10 years, especially of government bonds, the banks' excess reserves have risen sharply. The resulting high interest payments to the banks since the turnaround in monetary poli-cy, with little income for the large-scale securities holdings, led to massive criticism. The banks were said to be making "unfair" profits as a result, while the fiscal authorities had to forego the previously customary transfers of central bank profits. Populist demands to limit bank profits by, for example, drastically increasing the minimum reserve ratios in the Eurosystem to reduce excess reserves are creating new severe problems and are neither justified nor helpful. Ultimately, the EU member states have benefited for a very long time from historically low interest rates because of the Eurosystem's extraordinary loose monetary policy and must now bear the flip side consequences of the massive expansion of central bank balance sheets during the necessary period of monetary policy normalisa-tion. KW - Notenbank KW - Geldpolitik KW - Geschäftsbank KW - Deutsche Bundesbank KW - Central bank losses, monetary policy, ecb, minimum reserve Y1 - 2024 UR - https://www.econbiz.de/Record/central-bank-losses-and-commercial-bank-profits-unexpected-and-unfair-jost-thomas/10014476309 ER - TY - RPRT A1 - Gubitz, Andrea A1 - Jost, Thomas A1 - Seitz, Franz A1 - Tödter, Karl-Heinz A1 - Ziebarth, Gerhard T1 - Das gescheiterte Großexperiment der EZB – und was jetzt? KW - Zinsänderung KW - Geldpolitik KW - EZB KW - Geldpolitik KW - geldpolitisches Instrument Y1 - 2022 UR - https://aktionskreis-stabiles-geld.de/wp-content/uploads/2022/07/Das-gescheiterte-Grossexperiment-der-EZB.pdf ER - TY - RPRT A1 - Jost, Thomas A1 - Seitz, Franz T1 - Designing a European Monetary Fund: What role for the IMF? T2 - Institute for Monetary and Financial Stability, Working Paper Series No. 151 (2021) N2 - The so-called Troika, consisting of the EU-Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF), was supposed to support the member states of the euro area which had been hit hard by a sovereign debt crisis. For that purpose, economic adjustment programs were drafted and monitored in order to prevent the break-up of the euro area and sovereign defaults. The cooperation of these institutions, which was born out of necessity, has been partly successful, but has also created persistent problems. With the further increase of public debt, especially in France and Italy, the danger of a renewed crisis in the euro area was growing. The European Stability Mechanism (ESM) together with the (strongly politicized) European Commission will replace the Troika in the future, following decisions of the EU Summit of December 2018. It shall play the role of a European Monetary Fund in the event of a crisis. The IMF, on the other side, will no longer play an active role in solving sovereign debt crises in the euro area. The current course is, however, inadequate to tackle the core problems of the euro zone and to avoid future crises, which are mainly structural in nature and due to escalating public debt and lack of international competitiveness of some member countries. The current Corona crisis will aggravate the institutional problems. It has led to a common European fiscal response ("Next Generation EU"). This rescue and recovery program will not be financed by ESM resources and will not be monitored by the ESM. One important novelty of this package is that it involves the issuance of substantial common European debt. KW - Europäische Union KW - Internationaler Währungsfonds KW - Schuldenkrise KW - Öffentliche Schulden KW - euro area, European Monetary Fund, International Monetary Fund, euro crisis, European Stability Mechanism Y1 - 2021 ER - TY - JOUR A1 - Jost, Thomas A1 - Nunnenkamp, Peter ED - Institut für Weltwirtschaft, T1 - Deutsche Direktinvestitionen in Entwicklungs- und Reformländern: Haben sich die Motive gewandelt? JF - Die Weltwirtschaft KW - Direktinvestitionen KW - Entwicklungsländer KW - Direktinvestition Y1 - 2003 VL - 2003 IS - Heft 1 SP - 107 EP - 130 ER - TY - GEN A1 - Jost, Thomas ED - Main-Echo, T1 - Die Gefahr ultraexpansiver Geldpolitik KW - Geldpolitik KW - Europäische Zentralbank Y1 - 2021 ER - TY - JOUR A1 - Jost, Thomas T1 - Die Logik bilateraler Investitionsabkommen JF - Frankfurter Allgemeine Zeitung KW - Direktinvestitionen KW - Investitionsabkommen KW - Direktinvestition Y1 - 2009 VL - 2009 IS - 266 SP - 12 EP - 12 ER -