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.enMon, 14 May 2012 00:00:00 +0200ResearchCopyright 1996-2010, DB Research, Deutsche Bank AGmarketing.dbr@db.comhttp://www.dbresearch.com/dbr/images/rss/logo.gifhttp://www.dbresearch.com“...I expect global freight transport to grow further this year and next, which also means increases in sea freight and cargo handling in ports. In light of slightly weaker global economic activity, growth rates – as in 2011 – will fail to match the record increases achieved in 2010. However, robust global growth will probably help sea transport as a whole to grow by approximately 4% p.a. Probable drivers are China’s and other emerging markets’ appetite for commodities on the one hand, and a further, albeit in my opinion probably slower, integration of the world's economies and thus the globalisation of production processes on the other...“http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000288657&rdShowArchivedDocus=true&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODMon, 14 May 2012 00:00:00 +0200Globalisation, Other sectors, Sectors / commodities, Transport, Transport policyPROD0000000000288657http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000288574&rdShowArchivedDocus=true&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODMon, 14 May 2012 00:00:00 +0200Emerging marketsPROD0000000000288574http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000288501/Bulgaria.pdfFri, 11 May 2012 00:00:00 +0200PROD0000000000288501Electronic money (e-money) is the digital equivalent of cash. It can be used for making payments without involving bank accounts in the transactions and always acts as a prepaid bearer instrument. So far, e-money still is a niche market. However, innovative mobile payment systems, the digitalisation of financial services and virtual e-money might boost the usage of e-money and might thus support its importance as a payments instrument in the near future.http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000288496/E-money%3A+Niche+market+that+might+be+expanding.pdfFri, 11 May 2012 00:00:00 +0200E-commerce, Information technology, Innovation, Internet, Macroeconomics, Social values / Consumer behaviour, Technology and innovationPROD0000000000288496With interest rates likely to remain at depressed levels for years to come in most developed banking markets, the focus is on the impact this may have on interest margins and banks’ net interest income. Historical data for the US shows that with a flattening of the yield curve, margins face significant pressure as long-term rates draw closer to short-term rates. This margin compression is exacerbated as funding costs approach the zero bound, while asset yields continue to fall.http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000288493/Low+interest+rates+pressuring+US+bank+margins.pdfFri, 11 May 2012 00:00:00 +0200Banking, Capital markets, Global financial markets, International financial markets, International financial system, Key issues, Monetary policyPROD0000000000288493If the preliminary Q1 GDP release due on May 15th shows that Germany has also entered into a recession, Chancellor Merkel’s position would become even more delicate; not least because she and Europe cannot really afford another half year of haggling and bickering over EMU policy, as this would erode business confidence further and finally destroy any hopes of an economic recovery in H2. http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000288447/Focus+Germany%3A+The+austerity+versus+growth+debate+%E2%80%93+what+can+be+learned+from+Germany.pdfWed, 09 May 2012 00:00:00 +0200Business cycle, Economic growth, Economic policy, Education, Fiscal policy, Germany, Health care, Key issues, Labour market, Labour market policy, Macroeconomics, Real econ. trends, Social policy, Socio-econ. trendsPROD0000000000288447The internet provides people with access to multimedia communication tools, interactive processes for collaboration and participation as well as social platforms for sharing content or joining together to pursue a variety of causes. In recent years the internet has also developed from a predominantly passive entertainment medium into a serious platform for the economically and politically active. The internet has matured. Increasing online transparency ensures that thought-provoking topics generate their own momentum – depending on whether they strike a chord – spreading virally at breakneck speed and can thereby gain major relevance. http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000288354&rdShowArchivedDocus=true&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODMon, 07 May 2012 08:00:00 +0200E-commerce, Economic policy, Germany, Information technology, Innovation, Intangible assets, Internet, Key issues, SMEs, Social policy, Social values / Consumer behaviour, Socio-econ. trends, Technology and innovationPROD0000000000288354http://www.dbresearch.comhttp://www.youtube.com/watch?v=8UZC-9QZ9joMon, 07 May 2012 00:00:00 +0200PROD0000000000288339http://www.dbresearch.com/servlet/reweb2.ReWEB?addmenu=false&document=PROD0000000000288304&rdShowArchivedDocus=true&rwobj=ReDisplay.Start.class&rwsite=DBR_INTERNET_EN-PRODMon, 07 May 2012 00:00:00 +0200PROD0000000000288304At the root of the recession in the euro area is a lack of confidence in the ability of individual countries to achieve the necessary economic flexibility required for a monetary union of regions with divergent economic developments and in the capability of EU institutions to manage the present crisis. The restoration of confidence is essential to end the recession and return to economic growth. The question therefore is not whether to give priority to fiscal austerity or economic growth but to find the optimal degree of austerity and structural reforms for the maximisation of confidence.http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000288303/Growth+versus+austerity+in+euroland.pdfFri, 04 May 2012 00:00:00 +0200Economic growth, Economic policy, EMU, European integration, European issues, European policy issues, Fiscal policy, Key issues, Macroeconomics, Monetary policyPROD0000000000288303