_____________________________________________________________________ _____________________________________________________________________ Z E W N E W S L E T T E R E N G L I S H E D I T I O N No. 2016-03 March 30, 2016 (Yvonne Bräutigam, newsletter-en@zew.de) http://www.zew.eu _____________________________________________________________________ _____________________________________________________________________ Content 1. NEWS 2. STAFF 2.1. In Memoriam 2.2. Supervisory Board 2.3. Visiting Researchers 3. PRESS RELEASES 4. RECENT PUBLICATIONS IN ENGLISH 4.1. ZEWnews SEEK Special Edition 4.2. Financial Market Report Switzerland 4.3. ZEW Discussion Papers 4.4. Expertises/Research Reports IN GERMAN 4.5. ZEWnews German Edition 4.6. ZEW policy brief 4.7. ZEW-Finanzmarktreport (ZEW Financial Market Report) 4.8. Deutscher Immobilien-Finanzierungsindex(DIFI)-Report (German Real Estate Finance Index (DIFI) Report) 5. EVENTS 5.1. Public Events 5.2. Scientific Events _____________________________________________________________________ 1. NEWS 29.03.2016 - ZEW (ybr/pbo) 2016 ZEW/RCTI Workshop in Mannheim from June 30 to July 1, 2016: The Centre for European Economic Research (ZEW) and the Research Center for Technological Innovation (RCTI) at Tsinghua University are pleased to announce the workshop "From Europe to China: Exploring New Frontiers in Economics of Innovation and Entrepreneurship". The goal of the workshop is to stimulate discussion between European and Chinese researchers conducting related empirical and theoretical analysis. The workshop will focus on policy implications of recent research with particular emphasis on the Chinese and European economies. Interested researchers are invited to register via email to Philipp Boeing at boeing@zew.de no later than April 15, 2016. Read more: http://www.zew.de/en/news/3345 23.03.2016 - ZEW (cfu) ZEW President Clemens Fuest on Ten Hypotheses About the Inequality Debate: Claims of increasing inequality are constantly making the headlines. In response to such claims, many are calling for the "rich" to be subject to higher levels of taxation and for further development of a social state. How economic inequalities develop, and the consequences that this will have for German politics, can be summarised in ten hypotheses. Read more: http://www.zew.de/en/news/3336 22.03.2016 · ZEW (ggr/ybr) Professor Achim Wambach, Ph.D., Elected New Chairman of the Monopolies Commission: Professor Achim Wambach, Ph.D., who will take office as the President of the Mannheim Centre for European Economic Research (ZEW) in April 2016, is the new Chairman of the Monopolies Commission. Wambach has been member of the Monopolies Commission since July 1, 2014. The Commission members have unanimously elected him as their new chairman. Read more: http://www.zew.de/en/news/3340 22.03.2016 - ZEW (tgr/fkr/jpr) Q&A: The Minimum Wage - A Boon or Bane for the German Labour Market? "The Minimum Wage is no Replacement for Necessary Educational Policies": While Germany did not introduce a statutory minimum wage across all industries until the beginning of 2015, the minimum wage was and remains a hotly disputed issue. With the minimum wage set to increase in January 2017, the debate has taken on a new dimension in light of the refugee crisis. The key question for many is: How does the minimum wage impact the German economy? In this Q&A session, ZEW labour market economist Terry Gregory explains that an excessively high minimum wage can be harmful to the economy. He argues that wage growth should be achieved first and foremost by a need-oriented education policy. Read the complete interview: http://www.zew.de/en/news/3335 10.03.2016 - ZEW (tko/ggr/fkr) Professor Achim Wambach, Ph.D., Takes Over the Reins as President of ZEW on April 1,2016: Today, Professor Achim Wambach, Ph.D., signed the contract as the new President of the Centre for European Economic Research (ZEW) in Mannheim. He will take up his office in April 2016 as the successor to Professor Clemens Fuest, who will leave for Munich on March 31,2016. Read more: http://www.zew.de/en/news/3325 10.03.2016 - ZEW (ole/ybr) DIFI Report by ZEW and JLL - Solid Sentiment But Tightened Refinancing Conditions for Banks: The German Real Estate Finance Index (DIFI) has increased by 1.9 points in the first quarter of 2016 to a current reading of 15.0 points. The index thus continues the upward trend that has started in the previous quarter. The increase is attributable to a more favourable assessment regarding the financing situation of commercial real estate in the past six months. The corresponding balance of positive and negative assessments has improved by 6.8 points to a current reading of 31.7 points. The forecasts for the coming six months are less optimistic. On balance, the index has fallen by 2.9 points to a current reading of -1.7 points. Despite the slightly negative balance, a large majority of 70.8 per cent of the survey participants still expect financing conditions to remain consistently positive in the coming six months. These are the key findings of the DIFI Report, a quarterly survey on the German market for real estate finance by ZEW in cooperation with JLL. Read more: http://www.zew.de/en/news/3324 For current news, please visit: http://www.zew.de/news 2. STAFF 2.1. In Memoriam 18.03.2016 - ZEW (tko/ggr) ZEW Co-Initiator Lothar Späth Dies Age 78: Lothar Späth, who was Minister-President of Baden-Württemberg from 1978 to 1991, has died today at the age of 78. ZEW owes a great debt to Lothar Späth as he played a substantial political role in the decision to establish the research institute in 1990. Read more: http://www.zew.de/en/news/3334 2.2. Supervisory Board 01.03.2016 - ZEW (tko/fkr) Dr. Ralf Krieger Elected Vice-Chair of the ZEW Supervisory Board: At yesterday's Supervisory Board meeting of the Centre for European Economic Research (ZEW), Dr. Ralf Krieger (51), member of the Board of Management of the Freudenberg SE, was elected the new vice-chair of the ZEW Supervisory Board. Krieger has been a member of the ZEW Supervisory Board since November 9, 2015 as well as co-chairman of the ZEW Sponsors' Association since December 2013. Read more: http://www.zew.de/en/news/3320 2.3. Visiting Researchers 29.03.2016 - ZEW (jgl/ybr) Anna Salomons Visiting Researcher at ZEW: Dr. Anna Salomons was a visiting researcher in ZEW's Research Department "Labour Markets, Human Resources and Social Policy" from March 17 to 25, 2016. She is Associate Professor at the School of Economics at Utrecht University. Her research interests include the impact of technological change on the labour market, social networks in the labour market, determinants of the gender wage gap, and immigration. During her stay, Anne Salomons participated in the DFG/ZEW conference on occupations, skills and the labour market, presenting a paper entitled "The Employment Effects of Routine-Biased Technological Change in Europe". Additional information on Dr. Anna Salomons: http://www.uu.nl/staff/AMSalomons/0 29.03.2016 - ZEW (jgl/ybr) Professor Christoph Breunig Visiting Researcher at ZEW: Professor Dr. Christoph Breunig was a visiting researcher in ZEW's Research Department "Information and Communication Technologies" from March 21 to 23, 2016. He is Assistant Professor of Economics at the Humboldt University of Berlin. His research interests include econometrics, theoretical microeconometrics, and nonparametric statistics. During his stay, Christoph Breunig worked with ZEW researchers on a joint paper on the estimation of empirical models, taking into account missing values in survey data. Additional information on Professor Dr. Christoph Breunig (in German only): https://www.wiwi.hu-berlin.de/de/administration/employee/1687866 10.03.2016 - ZEW (jgl/ybr) Martin Schmalz Visiting Researcher at ZEW: Martin Schmalz, PhD, was a visiting researcher in ZEW's Research Department "International Finance and Financial Market" from March 7 to 9, 2016. He is Assistant Professor of Finance at the University of Michigan's M. Ross School of Business. His research interests include topics in industrial organization, corporate finance, behavioural finance, asset pricing, and financial economics. During his stay at ZEW, Martin Schmalz held a lecture on ultimate ownership and bank competition as part of the ZEW Research Seminar series. Additional information on Martin Schmalz, PhD: https://michiganross.umich.edu/faculty-research/faculty/martin-schmalz 01.03.2016 ZEW (jgl/ybr) Sara Amoroso Visiting Researcher at ZEW: Sara Amoroso, PhD, was a visiting researcher at ZEW's Research Department "Industrial Economics and International Management" from February 1-29, 2016. She is a researcher at the Institute for Prospective Technological Studies (IPTS) of the European Commission's Joint Research Centre (JRC) in Brussels. Her research interests are in the areas of empirical industrial economics, innovation economics, and micro-econometrics. During her stay, she worked together with ZEW researchers on a paper regarding foreign direct investments and entrepreneurship. Additional information on Sara Amoroso, PhD: http://iri.jrc.ec.europa.eu/team.html 3. PRESS RELEASES 24.03.2016 - ZEW (zil/ggr) ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Expectations Improve: Economic expectations for Central and Eastern Europe including Turkey (CEE region) have improved in March 2016. In the current survey, the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 14.3 points to a level of 4.7 points. Among the individual countries, the indicators for Poland (up by 13.1 points) and Hungary (up by 9.2 points) have seen the largest increases. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007. Read more: http://www.zew.de/en/press/3342 23.03.2016 - ZEW (lja/ggr/jpr) ZEW-CS Financial Market Test Switzerland - Economic Expectations Back to Slightly Positive Assessment: The ZEW-CS-Indicator for the economic sentiment in Switzerland has risen by 8.4 points in March 2016 to a reading of 2.5 points. Thereby, the economic expectations reach a slightly positive balance. Still, a majority of 71.1 per cent of analysts expect economic growth in Switzerland to remain unchanged. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich. Read more: http://www.zew.de/en/press/3341 22.03.2016 - ZEW (jrr/dre/jpr) ZEW Indicator of Economic Sentiment - Economic Sentiment Improves Slightly: The ZEW Indicator of Economic Sentiment for Germany has slightly increased in March 2016. The index has improved by 3.3 points compared to the previous month, now standing at 4.3 points (long-term average: 24.5 points). "The uncertainty associated with the future economic development of important emerging economies, with the development of the oil price and with the external value of the euro continues to call for caution. Apparently, the renewed move of the ECB to considerably ease its monetary policy has not had a substantial effect on economic sentiment," says Professor Sascha Steffen, head of the ZEW Research Department "International Finance and Financial Management". Read more: http://www.zew.de/en/press/3337 16.03.2016 - ZEW (she/ggr/fkr) EU Internal Energy Market - Unilateral Actions Taken in National Energy Policy Threaten Integration in the European Market: Unilateral decisions taken by individual national states in already highly integrated electricity markets have significant financial impacts on all market participants. This is the finding of a study carried out by the Mannheim Centre for European Economic Research (ZEW), which focused on two unilateral energy policies implemented by Germany. Firstly, the immediate shut-down of five nuclear stations following the disaster in Fukushima in 2011, and secondly, the extension of renewable energies on the basis of the Renewable Energy Act (Erneuerbare-Energien-Gesetz, EEG). Read more: http://www.zew.de/en/press/3331 15.03.2016 - ZEW (ibe/ggr) SMEs in Germany Lagging Behind in Terms of Their Use of Digital Technologies and Services: Small and medium-sized enterprises (SMEs) have certainly recognised the importance of digitalisation to the same extent as businesses in other economic sectors. There are, however, significant discrepancies in terms of SMEs' use of digital devices, infrastructures and services. This is the finding of a special assessment conducted by the Mannheim Centre for European Economic Research (ZEW) in collaboration with TNS Infratest as part of the DIGITAL Economy 2015 Monitoring Report on behalf of the Federal Ministry for Economic Affairs and Energy (BMWi). Read more: http://www.zew.de/en/press/3330 14.03.2016 - ZEW (mkn/pma/jpr) ZEW/Prognos Survey - Falls in Transport Volumes and Prices in Almost All Markets: Expectations for developments in transport markets over the coming six-month period are unequivocal for both transport volumes and prices. Experts partially expect to see significant falls. This is the case for inland freight markets, road, rail and shipping freight, as well as for air and sea freight. These are the findings of the Prognos/ZEW Transport Market Barometer (TransportmarktBarometer) for the first quarter of 2016. In this quarterly survey, Prognos AG, Basel, and the Mannheim Centre for European Economic Research (ZEW) asks approximately 250 top executives from the transport and loading industry about their expectations for the development of transport volumes and prices on a six-month horizon. Read more: http://www.zew.de/en/press/3329 09.03.2016 - ZEW (msc/fkr) China Economic Panel (CEP) of ZEW and Fudan University (Shanghai) - Expectations for Chinese Economy Worsen Further: Expectations for the Chinese business cycle have once again worsened in the current survey period (15/02/2016 - 02/03/2016). Falling to a level of minus 25.7 points, the CEP Indicator, which reflects the expectations of international financial market experts regarding China's macroeconomic development over the coming twelve months, has reached the lowest value recorded since the survey was begun in mid-2013. Read more: http://www.zew.de/en/press/3323 01.03.2016 - ZEW (nwo/pma/rge/jpr) ZEW Energy Market Barometer - Energy Supply Security to Improve Again in the Short and Medium Term: In 2015, energy supply in the EU has become more secure again, after 2014 had been characterized by uncertainty due to the Ukraine crisis. This is the result of the current Energy Market Barometer of the Centre for European Economic Research (ZEW). The EMB is a regular survey among energy market experts about their opinion on the current development of energy resources' security of supply. Read more: http://www.zew.de/en/press/3319 25.02.2016 - ZEW (nwo/pma/rge/fkr) ZEW Energy Market Barometer - Energy Prices Remain Steady in the Short Run: In the coming six months, energy prices in Germany will remain stable. Only in the medium run will wholesale customers have to reckon with rising prices for electricity, oil, natural gas, and coal. These are the findings of the ZEW Energy Market Barometer, a biannual survey carried out by the Mannheim Centre for European Economic Research (ZEW) amongst approximately 200 energy market experts. Read more: http://www.zew.de/en/press/3314 For current press releases, please visit: http://www.zew.de/en/presse 4. RECENT PUBLICATIONS IN ENGLISH 4.1. ZEWnews SEEK Special Edition ZEWnews English Edition - SEEK Special Edition 12 - 2015 The 2015 SEEK Special Edition issue of the ZEWnews English Edition contains articles on: * Innovation and Start-ups Are Essential in Europe's Fight Against the Debt Crisis * ECB Chief Economist Peter Praet: "Our Pessimism Is Holding Europe Back" * Andreas von Bechtolsheim: "Local Business No Longer Exists" * Europe Must Become More Attractive for Entrepreneurs and Promote Innovation * Mario Monti Calls for Reforms in European Economic Policy * Ufuk Akcigit: "Innovation Is an Important Factor for Social Mobility" * Tommaso Valletti on the Expansion of Broadband in Europe: "Speed Matters" * Conference Dinner on Windeck Castle Download as PDF file (*) (reference is given at the end of "RECENT PUBLICATIONS"): http://ftp.zew.de/pub/zew-docs/zn/en/zn122015_special_edition.pdf 4.2. Financial Market Report Switzerland Financial Market Report Switzerland April 2016 * Neutral Outlook, Absence of Growth Drivers * International Financial Market Data - Assessments and Expectations * CHF Expected to Depreciate Against USD * Expectations for Interest Rates in Switzerland Remain Unchanged * Analysts Expect Share Prices to Rise * Short-term Inflation Expectations Positive * No Rapid Recovery of the Export Sector * Special Question 1: Long-term Economic Growth Forecast * Special Question 2: Long-term Inflation Forecast Download as PDF file(*): http://www.zew.de/zew-cs-financialmarketreport 4.3. ZEW Discussion Papers 16-028 Nicole Gürtzgen; André Nolte Changing Fortunes During Economic Transition - Low-Wage Persistence Before and After German Unification Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16028.pdf 16-027 Friedrich Heinemann; Marc-Daniel Moessinger; Mustafa Yeter Do Fiscal Rules Constrain Fiscal Policy? A Meta-Regression-Analysis Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16027.pdf 16-026 Florian Landis; Peter Heindl Renewable Energy Targets in the Context of the EU ETS: Whom Do They Benefit Exactly? Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16026.pdf 16-025 Joseph E. Harrington; Kai Hüschelrath; Ulrich Laitenberger Rent Sharing to Control Non-Cartel Supply in the German Cement Market Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16025.pdf 16-024 Benjamin Bittschi; Sarah Borgloh; Marc-Daniel Moessinger On Tax Evasion, Entrepreneurial Generosity and Fungible Assets Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16024.pdf 16-023 Peter Heindl; Philipp Kanschik Ecological Sufficiency, Individual Liberties, and Distributive Justice: Implications for Policy Making Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16023.pdf 16-022 Zareh Asatryan; Benjamin Bittschi; Philipp Dörrenberg Remittances and Public Finances: Evidence from Oil-Price Shocks Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16022.pdf 16-021 Benjamin Bittschi; Sarah Borgloh; Berthold U. Wigger Philanthropy in a Secular Society Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16021.pdf 16-020 Nicole Gürtzgen; André Nolte Imputation Rules for the Implementation of the Pre-Unication Education Variable in the BASiD Data Set Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16020.pdf 16-019 Viral Acharya; Diane Pierret; Sascha Steffen Lender of Last Resort versus Buyer of Last Resort - The Impact of the European Central Bank Actions on the Bank-Sovereign Nexus Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16019.pdf 16-018 Tobias Berg; Anthony Saunders; Sascha Steffen; Daniel Streitz Mind the Gap: The Difference Between U.S. and European Loan Rates Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16018.pdf 16-017 Tobias Berg; Anthony Saunders; Sascha Steffen The Total Costs of Corporate Borrowing in the Loan Market: Don't Ignore the Fees Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16017.pdf 16-016 Bethlehem A. Argaw Quasi-Experimental Evidence on the Effects of Mother Tongue-Based Education on Reading Skills and Early Labour Market Outcomes Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp16016.pdf 15-091 Grazia Cecere; Sascha Rexhäuser; Patrick Schulte From Less Promising to Green? Technological Opportunities and their Role in (Green) ICT Innovation Download as PDF file (*): http://ftp.zew.de/pub/zew-docs/dp/dp15091.pdf 4.4. Expertises/Research Reports Bettina Müller and Hannes Leo (2015), Socio-Economic Assessment of the Danube Region: State of the Region, Challenges and Strategy Development - Future Strategic Orientation of the EUSDR - Appendix, Baden-Wuerttemberg Ministry of Finance and Economics on behalf of the European Commission, Mannheim, Vienna. Additional information and Download: http://www.zew.de/en/publications/8276 IN GERMAN 4.5. ZEWnews German Edition The March 2016 ZEWnews German Edition contains the following articles: * Chinese Patents Compared to International Standards - Large Quantities, Poor Quality * Dual Orientation Internship Programme Prompts Children from Uneducated Families to Attend University * Expansion of Fibre-Optic Networks in Europe Still Unsatisfactory * Unilateral Actions Taken in National Energy Policy Threaten Integration in the European Market * Cartel Cases in the EU - Settlement Procedures to Speed up Commission Decisions * Germany Requires Taxation Measures Which Promote R&D * Q&A: Minimum Wage - A Boon or Bane for the German Labour Market? * Opinion: Ten Hypotheses About the Inequality Debate Download as PDF file (in German)(*): http://ftp.zew.de/pub/zew-docs/zn/zn0316.pdf 4.6. ZEW policy brief ZEW policy brief - No. 3, 2016 Do the Rich Become Richer and the Poor Become Poorer? - Ten Hypotheses About the Inequality Debate Download as PDF file (in German)(*): http://ftp.zew.de/pub/zew-docs/policybrief/pb03-16.pdf 4.7. ZEW-Finanzmarktreport (ZEW Financial Market Report) ZEW Financial Market Report April 2016 * Economic Sentiment Improves Slightly * Eurozone: Inflation Rate Expected to Increase * USA: Economic Expectations Back to Positive Assessment * Japan: Economic Outlook Sinks Deeper Into Negative Territory * Great Britain: Sentiment Indicator Declines Again * Special Question: The Importance of Banks for Corporate Financing Download as PDF file (in German)(*): http://ftp.zew.de/pub/zew-docs/frep/042016.pdf 4.8. Deutscher Immobilien-Finanzierungsindex(DIFI)-Report (German Real Estate Finance Index (DIFI) Report) DIFI-Report - First Quarter 2016 * Solid Sentiment But Tightened Refinancing Conditions for Banks * Financing Conditions Sustained by Improved Financing Situation * Housing Prices to Record Largest Increases * Significant Slowdown of the Refinancing Markets * Special Question: Regional Financing Download as PDF file (in German)(*): http://ftp.zew.de/pub/zew-docs/DIFI/DIFI032016.pdf (*) Please note: PDF files can be displayed with Adobe Acrobat Reader. The software can be downloaded for free: http://get.adobe.com/uk/reader For current publications, please visit: http://www.zew.de/en/publications 5. EVENTS 5.1. Public Events 13.04.2016 First-Hand Information on the Current Economic Policy: The Future of Market-Creating Research and Innovation in Europe Speaker: Carlos Moedas (European Commissioner for Research, Science and Innovation) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2367 5.2. Scientific Events 06.04.2016 ZEW Research Seminar: International Finance - Residential Vacancies and the Price Formation of Single-Family Homes Speaker: Markus Teske (ZEW) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2317 07.04.2016 ZEW Research Seminar: Love Your Leave, Don't Leave Your Love! Paid Parental Leave and Children's Living Arrangements Speaker: Dr. Daniel Kühnle (Friedrich-Alexander University Erlangen-Nürnberg) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2337 11.04.2016 ZEW Research Seminar: Eduworks: A Multidisciplinary Approach to Research Labour Market Matching Processes Speaker: Dr. Gábor Kismihok (University of Amsterdam) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2339 13.04.2016 ZEW Research Seminar: International Finance - An Agent-Based Model of the Financial System Speaker: Jesper Riedler (ZEW) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2311 18.04.2016 ZEW Research Seminar: Short- and Long-Term Effects of Vocational vs. General Schooling - Evidence from Sweden Speaker: Jan Sauermann (Stockholm University) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2333 21.04.2016 Mannheim Competition Policy Forum: Antitrust Class Actions - How This Issue Is Being Addressed in Different European Countries Speaker: Per Rummel (Monopolies Commission, GER) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2365 25.-26.04.2016 Conference: 2016 ZEW Public Finance Conference - Fiscal Equalisation in Europe Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2178 04.05.2016 ZEW Research Seminar: International Finance - Calibration of an Agent-Based Model of the Financial System Speaker: Frank Brückbauer (ZEW) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2313 11.05.2016 ZEW Research Seminar: International Finance - Fee-Only Advice Speaker: Benjamin Loos (University of Mannheim) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2315 18.05.2016 ZEW Research Seminar: International Finance - The Human Factor in Credit Monitoring: Evidence from Personal Bank Interventions Speaker: Jenny Pirschel (Goethe University of Frankfurt) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2351 19.-20.05.2016 Conference: Fifth Mannheim Energy Conference Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2285 20.-21.05.2016 Conference: Ubiquitous Working - Challenges and Prospects of the Interconnected Working Environment Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2341 25.05.2016 ZEW Research Seminar: International Finance - Empirical Asset Pricing Speaker: Sebastian Müller (University of Mannheim) Location: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2320 For current events, please visit: http://www.zew.de/en/events ____________________________________________________________________ IMPRINT Publisher: Centre for European Economic Research GmbH (ZEW) L 7, 1 - 68161 Mannheim - Germany - http://www.zew.eu Phone +49 621/1235-01 Fax +49 621/1235-255 Seat of the company: Mannheim - Local Court Mannheim HRB 6554 Chairwoman of the Supervisory Board: Theresia Bauer, MdL, Minister of Science, Research, and the Arts of the State of Baden-Württemberg Executive Directors: Prof. Dr. Clemens Fuest, Thomas Kohl Editor: Yvonne Bräutigam, yvonne.braeutigam@zew.de E-mail: newsletter-en@zew.de Editorial assistants: Julia Glashauser, Sarah Tiedemann, Constanze Adler Responsibility: Gunter Grittmann, grittmann@zew.de Legal note: http://www.zew.eu/legalnote You can unsubscribe at any time - online via http://www.zew.de/en/publikationen/zew-periodika/zew-newsletter/zew-newsletter-abmeldung/ - or follow this link: https://mails.zew.de/d?p0000z70000000b0g0000ljq000000000doz56z4dnkjyiw0hdko7dcy0000zm00000003wvnuq _____________________________________________________________________