http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/RSS_GROUP_HOME_EN.caliasHere are the latest publications and articles of DB Research. DB Research is one of the world's leading think tanks for trends in business, society and the financial markets.enWed, 01 Sep 2010 00:00:00 +0200ResearchCopyright 1996-2010, DB Research, Deutsche Bank AGmarketing.dbr@db.comhttp://www.dbresearch.com/dbr/images/rss/logo.gifhttp://www.dbresearch.comThe goal of this study is to shed light on Chinese consumers’ evolution and behaviour as well as on the composition of this heterogeneous group. China’s urban consumers are growing in number and in spending power, and their outlook is promising. On the other hand, the potential of rural consumers must still be developed, and their income gap with the urban counterparts narrowed. Policies to support income growth, increase disposable income, and help households grow their wealth are starting to be implemented. These policies, coupled with China’s attractive long-term growth prospects, bode well for China’s consumers, who in a few decades could turn out to be the world economy’s key growth driver.http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000262065.pdfWed, 01 Sep 2010 00:00:00 +0200Asia, Asia, Economic growth, Economic trends, Emerging markets, Global growth centres, Macroeconomics, Megatopics, Real econ. trends, Social values / Consumer behaviourPROD0000000000262065Germany is one of the most knowledge-intensive and innovative countries on Earth. In this study we focus on the innovative performance of its sixteen federal states with reference to eight indicators. The most innovative states lie in the south, while the east trails in terms of absolute levels. However, interdisciplinarity and regional industrial diversity cushion negative effects of structural change on the regions and offer alternative sources of sustained economic growth. Looking at the dynamic of innovation it is apparent that the states in the east of Germany – spearheaded by Saxony – are on the right course.http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000261904.pdfMon, 30 Aug 2010 00:00:00 +0200Demographics, Economic growth, Economic policy, Economic trends, Education, Germany, Labour market, Macroeconomics, Megatopics, SMEsPROD0000000000261904SEPA aims to realise a Europe-wide single market in non-cash bulk payment transactions. Cross-border credit transfers, direct debits and card payments are to become just as efficient, inexpensive and secure as national payments. It has been possible to make SEPA credit transfers since January 2008 and SEPA direct debits since November 2009. At the moment, however, the SEPA format is only being used for one in thirteen credit transfers. The European Commission has decided to intervene by means of a regulation that sets an end-date for the parallel operation of national systems and the new SEPA system. Both the German government and the Federation of German Consumer Organisations (vzbz) consider the final migration of national account numbers and sort codes to IBAN and BIC to be asking too much of consumers. But what is truly unbearable is that a speedy changeover is being prevented by the protracted process...http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000261960&rdLeftMargin=10&rdShowArchivedDocus=true&rwdspl=0&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODMon, 30 Aug 2010 00:00:00 +0200Banking, European integration, Supervision and regulationPROD0000000000261960The rising tide of information available on the internet is altering our requirements and our consumption habits. This is impacting the music and film industries, as well as the computer games and digital book markets. After all, many consumers simply download digital content onto their computers. The majority of files downloaded from the internet are pirated copies since they infringe copyright. Do traditional intellectual property rights hinder or help creative minds and thus innovation online? Can free licensing models be an alternative to traditional copyright and help to broaden the knowledge commons with greater creative freedom? http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000261828.pdfTue, 24 Aug 2010 00:00:00 +0200Digital economy, E-commerce, Economic policy, eResearch, Germany, Germany 2020, Information technology, Internet, Macroeconomics, Megatopics, Social values / Consumer behaviour, Socio-econ. trends, Strategic foresightPROD0000000000261828The global crisis has further enhanced the relative growth prospects of emerging markets (EM) capital markets. Advanced economies’ capital markets will continue to make up the bulk of global financial assets, developed markets (DM) deleveraging and EM leveraging notwithstanding. Emerging Asia has not only the largest capital markets, but also the most developed markets in the EM space. From the perspective of global investors and, even more so, financial services providers, some (segments) of the rapidly growing EM financial markets can only be accessed with some difficulty and tapping into their growth requires a well-thought-out, focused strategy. This fact notwithstanding, the "opportunity costs" of not building exposure to – or a platform in – the EM will be increasing over time...http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000261538&rdLeftMargin=10&rdShowArchivedDocus=true&rwdspl=0&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODFri, 20 Aug 2010 00:00:00 +0200Emerging markets, International financial systemPROD0000000000261538Germany’s manufacturing industry was heavily burdened by the recession. The capacity utilisation rate declined by 17 pp within two years, the largest drop since this data has been collected. However, it recovered just as rapidly: within one year the capacity utilisation rate rose by 11 pp, an extraordinary development as well. As a result, producer prices will also rise considerably, at least temporarily...http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000261574&rdLeftMargin=10&rdShowArchivedDocus=true&rwdspl=0&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODThu, 19 Aug 2010 00:00:00 +0200Auto industry, Chemicals industry, Electrical engineering, Macroeconomics, Mechanical engineering, Prices, inflation, Sectors / commoditiesPROD0000000000261574German GDP expanded by a miraculous 2.2% in the second quarter (+4.1% yoy), beating all records. The Federal Statistical Office says the stimuli came mainly from exports and investment activity, but the growth was also driven partly by household and government consumption...http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000261232&rdLeftMargin=10&rdShowArchivedDocus=true&rwdspl=0&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODFri, 13 Aug 2010 00:00:00 +0200Economic growthPROD0000000000261232M-payments have stirred great expectations but shown limited market success so far. Only very few European or North-Americans mobile users currently also pay with their mobile phones. Yet, new attempts to establish m-payments should not be written off automatically. It may not be the grand m-payment schemes many optimists imagine that succeed eventually, but a number of smaller, diverse and intuitively useful applications. http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000260919.pdfFri, 06 Aug 2010 00:00:00 +0200Digital economy, E-commerce, eResearch, Information technology, Internet, MegatopicsPROD0000000000260919http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000260943&rdLeftMargin=10&rdShowArchivedDocus=true&rwdspl=0&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODWed, 04 Aug 2010 00:00:00 +0200Capital markets, EMU, European integration, European policy issues, Intern. economic system, Intern. relations, International financial markets, Monetary policyPROD0000000000260943Following the major storm it’s now time for Europe to start the rigging. The eurozone responded to the major turbulence in financial markets with a gigantic rescue package worth EUR 750 bn. This rescue package is a temporary measure. It is a protective cocoon that gives the eurozone three years to reinvent itself and inspire new confidence in the economic future of the monetary union among markets and investors by implementing convincing economic governance. Initial proposals have now been published...http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000260948&rdLeftMargin=10&rdShowArchivedDocus=true&rwdspl=0&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODWed, 04 Aug 2010 00:00:00 +0200Economic policy, European issues, MacroeconomicsPROD0000000000260948