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Paul Bernd Spahn
Paul Bernd Spahn (17 October 1939 – 30 May 2025) was professor of public finance at the Goethe University Frankfurt. Biography Born in Darmstadt, Spahn studied economics at the universities of Frankfurt, Paris (Sorbonne) and Rio de Janeiro and obtained his doctoral degree from the Free University of Berlin. Having spent more than five years at the German Institute for Economic Research in Berlin (DIW) he worked at various institutions such as Harvard University in Cambridge, Massachusetts, the Australian National University in Canberra, and the Organisation for Economic Co-operation and Development in Paris. In 1979 he was appointed to the Goethe University. Spahn was Vice President of Goethe University from 1986 to 1987 and the first Executive Director of the House of Finance in Frankfurt from September 2006 to June 2008. He was engaged in the establishment of the Goethe Business School and the Institute for Law and Finance in Frankfurt and taught there until 2014. As a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informally known as "commissioners") corresponding to two thirds of the number of Member state of the European Union, member states, unless the European Council, acting unanimously, decides to alter this number. The current number of commissioners is 27, including the president. It includes an administrative body of about 32,000 European civil servants. The commission is divided into departments known as Directorate-General, Directorates-General (DGs) that can be likened to departments or Ministry (government department), ministries each headed by a director-general who is responsible to a commissioner. Currently, there is one member per European Union member state, member state, but members are bound by their oath of office to represent the genera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University Faculty
Harvard University is a private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of colonial-era Massachusetts Bay Colony. While never formally affiliated with any denomination, Harvard trained Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. By the 19th century, Harvard emerged as the most prominent academic and cultural institution among the Boston elite. Following the American Civil War, under Harvard president Charles William Eliot's long tenure from 1869 to 1909, Harvard developed multiple professional schools, which tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Academic Staff Of Goethe University Frankfurt
An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of tertiary education. The name traces back to Plato's school of philosophy, founded approximately 386 BC at Akademia, a sanctuary of Athena, the goddess of wisdom and skill, north of Athens, Greece. The Royal Spanish Academy defines academy as scientific, literary or artistic society established with public authority and as a teaching establishment, public or private, of a professional, artistic, technical or simply practical nature. Etymology The word comes from the ''Academy'' in ancient Greece, which derives from the Athenian hero, '' Akademos''. Outside the city walls of Athens, the gymnasium was made famous by Plato as a center of learning. The sacred space, dedicated to the goddess of wisdom, Athena, had formerly been an olive grove, hence the expression "the groves of Academe". In these gardens, the philosopher Plato conversed with followers. Plato developed his session ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2025 Deaths
The following notable deaths occurred in 2025. Names are reported under the date of death, in alphabetical order. A typical entry reports information in the following sequence: * Name, age, country of citizenship at birth, subsequent nationality (if applicable), what subject was noted for, cause of death (if known), and a reference. June 17 16 * Nikolay Krasnikov, 40, Russian ice speedway rider, traffic collision. *, 89, Chilean actress and actors' rights activist. * Nellai S. Muthu, 74, Indian novelist. * John Reid, 61, Scottish record producer, singer ( Nightcrawlers) and songwriter. (death announced on this date) * Julio Retamal Favereau, 91, Chilean historian, philosopher and academic, member of the Academia Chilena de la Historia. * Ron Taylor, 87, Canadian baseball player ( St. Louis Cardinals, New York Mets) and team physician (Toronto Blue Jays), four-time World Series champion. (death announced on this date) * Jan Tesař, 92, Czech historian, writer and dissident. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1939 Births
This year also marks the start of the World War II, Second World War, the largest and deadliest conflict in human history. Events Events related to World War II have a "WWII" prefix. January * January 1 ** Coming into effect in Nazi Germany of: *** The Protection of Young Persons Act (Germany), Protection of Young Persons Act, passed on April 30, 1938, the Working Hours Regulations. *** The small businesses obligation to maintain adequate accounting. *** The Jews name change decree. ** With his traditional call to the New Year in Nazi Germany, Führer and Reich Chancellor Adolf Hitler addresses the members of the National Socialist German Workers' Party (NSDAP). ** The Hewlett-Packard technology and scientific instruments manufacturing company is founded by Bill Hewlett and David Packard, in a garage in Palo Alto, California, considered the birthplace of Silicon Valley. ** Philipp Etter takes over as President of the Swiss Confederation. ** The Third Soviet Five Year P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transaction Tax
A financial transaction tax (FTT) is a levy on a specific type of financial transaction for a particular purpose. The tax has been most commonly associated with the financial sector for transactions involving intangible property rather than real property. It is not usually considered to include consumption taxes paid by consumers. A transaction tax is levied on specific transactions designated as taxable rather than on any other attributes of financial institutions. If an institution is never a party to a taxable transaction, then no transaction tax will be levied from it. If an institution carries out one such transaction, then it will be levied the tax for the one transaction. This tax is narrower in scope than a financial activities tax (FAT), and is not directly an industry or sector tax like a Financial stability contribution (FSC), or "bank tax", for example. These distinctions are important in discussions about the utility of financial transaction tax as a tool to select ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intereconomics
''Intereconomics – Review of European Economic Policy'' is a bimonthly journal covering economic and social policy issues in Europe or affecting Europe. The editor-in-chief An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The editor-in-chief heads all departments of the organization and is held accoun ... is Dr. Nicole Waidlein. It is an official publication of the German National Library of Economics (ZBW) and the Centre for European Policy Studies. History and profile ''Intereconomics'' was established in 1966 at the Hamburg Institute of International Economics. In 2007, this institute was merged with the ZBW. In January 2009, the ZBW joined forces with the Centre for European Policy Studies, with the aim of making the magazine the leading forum for research-based discussions of major European economic policy issues. The journal consists of the editorial, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volatility (finance)
In finance, volatility (usually denoted by "sigma, σ") is the Variability (statistics), degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option). Volatility terminology Volatility as described here refers to the actual volatility, more specifically: * actual current volatility of a financial instrument for a specified period (for example 30 days or 90 days), based on historical prices over the specified period with the last observation the most recent price. * actual historical volatility which refers to the volatility of a financial instrument over a specified period but with the last observation on a date in the past **near synonymous is realized volatility, the square root of the realized variance, in turn c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Tobin
James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Harvard University, Harvard and Yale University, Yale Universities. He contributed to the development of key ideas in the Keynesian economics of his generation and advocated government intervention in particular to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment (macroeconomics), investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for Censoring (statistics), censored dependent variables, the well-known tobit model. Along with fellow Neo-Keynesian economics, neo-Keynesian economist James Meade in 1977, Tobin proposed Nominal income target, nominal GDP targeting as a Discretionary policy, monetary policy rule in 1980. Tobin received the Nobel Memorial Prize in Econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spahn Tax
A Spahn tax is a type of currency transaction tax that is meant to be used for the purpose of controlling exchange-rate volatility. This idea was proposed by Paul Bernd Spahn in 1995. Early history The initial idea for a currency transaction tax is attributed to James Tobin in 1972, a concept now known as a Tobin tax. On 16 June 1995 Spahn, in his analysis of the original idea, concluded that the concept was not viable and suggested an alternative solution to the problem of managing exchange-rate volatility. Concept According to Spahn, "Analysis has shown that the Tobin tax as originally proposed is not viable and should be laid aside for good." Furthermore, he believes that "it is virtually impossible to distinguish between normal liquidity trading and speculative 'noise' trading. If the tax is generally applied at high rates, it will severely impair financial operations and create international liquidity problems, especially if derivatives are taxed as well. A lower tax r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
