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This is the 27. and final article in our series Trouble on the Far-Right.
Trouble on the far right has become troubling for Europe. Not only do right-wing motivated attacks occur regularly against Roma camps, ethnic minorities, LGBTQI people and Jewish institutions. At the same time, a xenophobic discourse on refugees has gained momentum in politics and society and further blurred the lines between far right agitation and mainstream politics. In order to classify these events adequately, far right activism should not just be regarded as a security issue that can be eliminated by force, but as a threat that threatens the foundations of open, democratic and pluralist societies. Hence, we should be aware that far right politics are neither a new nor an isolated phenomenon but often bank on existing cultures of (gender, competitive, nativist) domination in capitalist societies.1
Certain developments have recently accelerated a radicalization of the political mainstream in terms of rhetoric, demands and policy outcomes and transformed the institutional landscape. The Slovakian parliamentary elections and the fateful presidential elections in Austria are central events during our 10-week blog series that prove the inherent dynamic. The right-wing government in Poland that has started removing fundamental rights and facilitated the spread of nationalist values is another example.
Contrary to the one-sided academic focus on elections, far right influence on European societies should be measured on three further levels: Massive street mobilizations epitomized by Pegida in Germany (and beyond) and the Italian Stop Invasione rallies, clandestine organizing such as the British far right militants and prospering relations between state authorities and far right movements, for example in Turkey, testify a growing diversification of far right activism. These scenarios demand methodologically and theoretically innovative perspectives. Our blog series Trouble on the Far Right has provided them with an international forum.
The truth lies in Chemnitz?
(2018)
"Germany to the Germans! Foreigners out" was the central slogan of the racist riots in the city of Rostock in 1992. For around three days, neo-Nazis controlled the streets in the plattenbau district of Lichtenhagen where the central registration for asylum-seekers (as well as a housing block of Vietnamese contract workers) were situated. ...
A growing number of defense-industrial 3D printing fairs, print-a-thons and the amount of defense dollars, particularly in the US, going into the technology of 3D printing speak to the fact that the defense industry and some countries’ armed forces recognize the great potential of the technology. 3D printing indeed allows the quicker, cheaper, and easier development of weapons, and even entirely new weapon designs. This applies to the full range of weapons categories: Small arms and light weapons (e.g. guns, guns, guns and grenade launchers), conventional weapon systems (drones, tanks, missiles, hypersonic scramjets) – and possibly even weapons of mass destruction.
This is the second article in our series Trouble on the Far-Right.
Since 2011 signs have been multiplying in Europe of a far right grassroots insurgency in the making. And there were signals, too, of a racist insurrection: arson attacks, petrol bombs, paramilitary and vigilante activities, and the stockpiling of weapons. The first major indication of the far right’s capacity for mass murder came from Norway on 22 July 2011. Anders Behring Breivik killed 77 people, mainly teenagers, whom he shot dead at the Labour Party youth summer camp on Oslo’s Utøya Island. At his trial, Breivik described the youngsters he so cruelly murdered as ‚traitors‘ who had embraced immigration in order to promote an ‘Islamic colonization of Norway‘..
Almost a decade ago, the internet was celebrated as one of history’s greatest liberation tools. People have unparalleled access to information and a greater deal of freedom to express themselves without fear of censorship or reprisal. This enthusiasm was short-lived, however. Today’s internet is heaving with hate speech, censorship, fake news, misinformation, and all forms of extremism. Governments have tightened their grip on digital spaces, and tech companies have grown into nontransparent empires with immense influence on the world’s politics, economies, and societies. These changes have brought forward new terrains of conflict and have redefined the relationship between the citizen and the state.
The recent financial crisis highlighted the limits of the "originate to distribute" model of banking, but its nexus with the macroeconomy remains unexplored. I build a business cycle model with banks engaging in credit risk transfer (CRT) under informational externalities. Markets for CRT provide liquidity insurance to banks, but the emergence of a pooling equilibrium can also impair the banks’ monitoring incentives. In normal times and in face of standard macro shocks the insurance benefits of CRT prevail and the business cycle is stabilized. In face of financial/liquidity shocks the extent of informational asymmetries is larger and the business cycle is amplified. The macro model with CRT can also reproduce well a number of macro and banking statistics over the period of rapid growth of this banks’ business model.
Traditional New Keynesian models prescribe that optimal monetary policy should aim at price stability. In the absence of a labor market frictions, the monetary authority faces no unemployment/inflation trade-off. I study the design of optimal monetary policy in a framework with sticky prices and matching frictions in the labor market. Optimal policy features deviations from price stability in response to both productivity and government expenditure shocks. When the Hosios 1990 condition is not met, search externalities make the flexible price allocation unfeasible. Optimal deviations from price stability increase with workers’ bargaining power, as firms´ incentives to post vacancies fall and unemployment fluctuates above the Pareto efficient one.
In the event of a Greek exit from the Eurozone, the stronger members of the monetary union, especially Germany, face at least two risks: First, the debt of the Greek National Bank vis-à-vis the Eurosystem of central banks will most likely be lost. Secondly, the large flow of capital from Greece and other periphery countries to Germany will accelerate inflation.
The critical debates of liberal peace are grounded in a "paradox of liberalism" (Sabaratnam 2013): Western liberalism is criticized as oppressive, colonial and bellicose, but also implicitly relied on as the source of emancipation. This has not rejected in a rejection of liberal interventionism, but rather in demands for more cultural sensitivity, more local participation or an efficient control to save the idea of liberal peace...
The paper analyzes the mutual influence of the capital structure and the investment decision of a bank, as well as the incentive effects of the bank executives compensation schemes on these decisions. In case the government implicitly or explicitly insures deposits and/or the banks debt, banks are incentivized to invest in risky assets and to have a high leverage. Capital regulation could potentially solve this excessive risk taking problem. However, this is only possible if the regulator can observe and properly measure the investment risks of the bank, which was called into question during the 2008-09 financial crisis. Hence, we propose a regulatory approach that is also able to implement the first best risk taking levels by the bank, but does not require the regulator to know the investment risk of the bank. The regulatory approach involves the implementation of capital requirements, which are made contingent on the management compensation.
Collateral, default risk, and relationship lending : an empirical study on financial contracting
(1999)
This paper provides further insights into the nature of relationship lending by analyzing the link between relationship lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the bank's own assessment of its housebank status serves to identify information-intensive relationships. Additionally, we used data on workout activities for borrowers facing financial distress. We found no significant correlation between ex ante borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan contract design is mainly driven by aspects of relationship lending and renegotiations. We found that relationship lenders or housebanks do require more collateral from their debtors, thereby increasing the borrower's lock-in and strengthening the banks' bargaining power in future renegotiation situations. This result is strongly supported by our analysis of the correlation between ex post risk, collateral and relationship lending since housebanks do more frequently engage in workout activities for distressed borrowers, and collateralization increases workout probability.
Empirical evidence suggests that even those firms presumably most in need of monitoring-intensive financing (young, small, and innovative firms) have a multitude of bank lenders, where one may be special in the sense of relationship lending. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank financing. To fill this gap, we analyze the optimal debt structure in a model that allows for multiple but asymmetric bank financing. The optimal debt structure balances the risk of lender coordination failure from multiple lending and the bargaining power of a pivotal relationship bank. We show that firms with low expected cash-flows or low interim liquidation values of assets prefer asymmetric financing, while firms with high expected cash-flow or high interim liquidation values of assets tend to finance without a relationship bank.
This paper presents a theory that explains why it is beneficial for banks to engage in circular lending activities on the interbank market. Using a simple network structure, it shows that if there is a non-zero bailout probability, banks can significantly increase the expected repayment of uninsured creditors by entering into cyclical liabilities on the interbank market before investing in loan portfolios. Therefore, banks are better able to attract funds from uninsured creditors. Our results show that implicit government guarantees incentivize banks to have large interbank exposures, to be highly interconnected, and to invest in highly correlated, risky portfolios. This can serve as an explanation for the observed high interconnectedness between banks and their investment behavior in the run-up to the subprime mortgage crisis.
Bency Eichorn learns in kollel and, on the side, has been researching about various segulos. For his wedding he authored a book, Simchas Zion, discussing the segulah of keeping the afikomom from year-to-year. The post below is a small part of a much larger project on this segulah and has been adapted for the blog.
This is a brief in the bEUcitizen policy brief series. The bEUcitizen project - funded by the European Union - set out to identify, investigate, discuss, and ameliorate the barriers to the active use of rights (and knowledge of duties, the concomitant to rights, in so far as there are any) by European citizens. The project aimed to provide a comparative overview and classification of the various barriers to the exercise of the rights and obligations of European Union citizens in the member states. Simultaneously, the project analysed whether and how such barriers can be overcome and the future opportunities and challenges the European Union and its member states face to further develop the idea and reality of European Union citizenship.
Drawing on research conducted during the project, this policy brief discusses the problems preventing European Union citizens from becoming active political citizens. European citizenship as active political citizenship has been underdeveloped from the start and is currently under strong pressure. Over time, European Union citizens seem to have lost enthusiasm for the European political process: Voter turnout in European Parliament elections decreased from 61,99% in 1979 to 42,61% in 2014. Attempts to transform elections for the European Parliament into a meaningful decision about the policies and the personnel of European institutions have been ineffective so far in two ways: On the one hand, they did not raise more interest in European affairs; on the other hand, and even more problematically, the "Spitzenkandidaten"-experiment was overshadowed by the power struggle between national leaders and the European Parliament.
Although similar tendencies towards decreasing voter turnout can be observed in national elections, the trend of fading popular support is particularly alarming at the European Union level. It threatens to undermine the legitimacy and functionality of the European Union, thus jeopardizing the entire integration process. Institutions without support cannot last. The European Union provokes a rather negative political reaction among its citizens and populist activism is challenging its policies and the integration process more broadly. The Brexit decision expresses this problem in an ideal-typical form: Europe-friendly citizens do not use their right to vote while anti-European activism brings citizens to the ballot box. Concerned with this passivity as well as with the activism mobilised by anti-European populism, Europe-friendly observers and actors see a major opportunity for the European Union to strengthen the European Parliament as the core institution of a European representative democracy.
How to abolish cyberwar
(2014)
Part III of our series "Cyberpeace: Dimensionen eines Gegenentwurfs" on cyberpeace: Cyberwar is like a discursive plague. After years and years of writing texts about it and against it, the concept is still scary, still spreading, still harmful. Its power is such that it is not simply being used in discourse – but is in fact forcing its specific discursive structures and rules on us. In short, we may keep questioning this concept, but we will never get rid of it...
On 22 May 2017, the suicide bomber Salman Abedi killed 22 people and injured many more after an Ariana Grande concert in the Manchester Arena. On 9 September 2017, the Manchester Arena was reopened with a benefit show labelled as a “We Are Manchester” concert. The concert’s aim was to raise money for a place of memorial for the victims of the attack. “We Are Manchester” is only one of the many peaceful responses to the attacks: In contrast to the heated debates on increasing security, they reveal different ways of standing together for a liberal and diverse society against the fear caused by terrorism...
Far-right parties gained considerable support in many European countries in recent years. Austria comes within a whisker of becoming the first country in the history of the European Union to elect a far-right president, Horbert Hofer, the candidate from the Freedom Party. Similarly, in France, Marie Le Pen is expected to be Front National’s (FN) candidate in the 2017 presidential election and probably to make it to the second round of voting...
When is a crisis a crisis?
(2017)
When at the end of Hans Sachs' tragedy of Tristrant, dated February 7th, 1553, the herold takes the floor, he calls to the audience to recognize that this is a tragedy, Auß der wird offentlich erkendt, Wie solche unorndliche lieb Hat so ein starck mechtigen trieb, Wo sie einnimbt ein junges hertz Mit bitter angst, senenden schmertz, Darinn sie also heftig wüt, Verkert hertz, sin, vernunft und gmüt, Wird leichtfertig, verwegen gantz, Schlecht seel, lieb, ehr, gut in die schantz, Acht fürbas weder sitten noch tugent, (184,32-185,3) (1) ....
Part IV of our series "Cyberpeace: Dimensionen eines Gegenentwurfs" on cyberpeace. Matthias Schulze argues that what some perceive as cyberwar is not actually war but rather cyber conflict. The question therefore arises if this conflict will ever be solved. Ben Kamis on the other hand identifies motives in the use of language. He argues that talking about cyberpeace reinforces the impression that we are right in the middle of a cyberwar. I would not agree with that. As Johan Galtung puts it: “The use of the term ‘peace’ may in itself be peace-productive” (Galtung 1969: 167). But how do we define cyberpeace? Who should define it and how do we pursue it?...
Indignados and occupy: channeling political dissatisfaction through an anti-institutional approach
(2016)
This is the fourth post in the blog series „Movements and Institutions“.
Between 2011 and 2012 many public spaces in global North were indefinitely occupied by people dissatisfied with the political system. The origin of this dissatisfaction, however, is not clear. This article rejects that the origin was either a popular longing for direct democracy or for an end to neoliberalism. It problematizes the frequent assumption that voting is a proper way to account for the will of the people: The manifestation of thousands of Indignados and Occupiers pointed to the idea that elections are not a sufficient method for expressing political will. This article goes further to suggest that voting is not a neutral method either.
Brecht - Galileo
(2010)
This is the age of doubt, says Brecht's Galileo, the 17th century scientist. "It ain't necessarily so," says Gershwin's Sportin' Life of the 1930ies. "De t'ings dat yo li'ble / to read in de Bible / it ain't necessarily so. / Now I takes dat gospel / whenever it's pos'ble / but wid a grain of salt."
Wunschkonzert
(1994)
The tentative title of my presentation is GENDER AMBIVALENCE (AMBIGUITY?) and deals with Renaissance iconography in Thomas Mann's Death in Venice. It will show that homosexual attraction, although obvious in the story (and Mann's life) is a secondary issue and that the main concern lies with the problem provided by an aesthetic principle. (Parallel narratives, the plot is not the real/only story).
The house of Tantalus
(2010)
Wozu Dichter?
(2010)
Goethe's Tasso is no "Dichter in duerftiger Zeit." He is rather duerftig himself, unbalanced and impulsive in the extreme. In fact, in an annoyed moment, the diplomat Antonio sees him as a useless and pampered brat and undiplomatically says so, triggering a fateful sequence of events that generate a seemingly unstoppable momentum.
Goethe: Helena
(2010)
Although we are concentrating on the Third Act, Faust's appreciation of legend's most beautiful woman begins much earlier, perhaps as early as the Hexenkueche scene where he is thoroughly enraptured by a woman's image in a magical mirror. It drives him crazy, he says (2456), particularly since he has to stay at a certain distance to keep it in proper focus (2434); can you see Mephisto's mischievous smile at this bit of enforced "disinterested contemplation"? Woman is God's final art work, the true Crown of Creation, we learn from Schiller's Princess Eboli; Mephisto seems to say as much, and Faust like most men needs no convincing. We can't be sure that this is indeed Helen, we (and Faust) have yet to meet her. She remains nameless but, by any name, would be as sweet.
Gretchen's infanticide
(2010)
In the scene At The Well, Gretchen herself describes the sequence of events best and in all their fateful simplicity. It is the progress from "sin" to "shame", that is to public disgrace as soon as her private transgression becomes "visible" as pregnancy. Already here the painful confusion over her private perception ("good, dear love", lines 3585/6) and public judgment ("slut", line 3753) which will eventually drive her mad is obvious. In her derangement and despair she will destroy the evidence against her, that is, drown her child.
Goethe - Egmont
(2010)
Do you know what I think? asks Adrian Leverkuehn. "Musik ist die Zweideutigkeit als System." Music is Janus-faced by its very nature. It can move and paralyze. "What passion cannot music raise and quell," exclaims John Dryden in his Song for St. Cecilia's Day, 1687. Music is an expert in the use of opiates, asserts Settembrini in The Magic Mountain, and Nietzsche speaks of her dual, intoxicating and befogging, nature. Shakespeare's Desdemona "will sing the savageness out of a bear" (IV, i) and the merchants in Novalis' Heinrich von Ofterdingen tell the story of another Orpheus whose song so charms a sea "monster" that it saves the singer's life and returns his treasure to him. John Dryden's Thimotheus "to his breathing flute and sounding lyre, could swell the soul to rage, or kindle soft desire" (Alexander's Feast, 1697). "Musica Consolatrix" and "Musica Tremenda". She is the "Mysterium tremendum et fascinosum" in Kleist's novella about the power of music. While English late 17th and early 18th century literature offers a particularly rich harvest of poetry celebrating the contradictory qualities, or effects, of music, there is in fact testimony to this at all stages of our tradition.
Music
(2010)
The musical ending [of Goethe's Novelle] recalls the fascination with "music as metaphor", "the power of music", among recent and contemporary poets from Pope and Dryden and Collins to E.T.A. Hoffmann and Kleist and, of course to Goethe himself. Music saves Faust's life on Easter morning at the end of a dreadful night, and we'll encounter a similar role of music in his Trilogie der Leidenschaft which we'll read in this context.
A single mother and her grown children. A team now. The fathers have come and gone and are barely remembered. These are her children. By contrast, Matthew (27; 56) identifies an anonymous woman as "the mother of Zebedee's children." We'll talk about it, for what it may mean. More important is the fact that this group is headed by a dominant female. Let's see if it makes a difference. Demian, as you'll remember, was the product of matriarchy, as it were, and seemed to be none the worse for it. It wasn't even worth mentioning. Fifty years later, Edgar Wibeau of Plenzdorf's The New Sorrows of Young W. (1972), a modern version of Goethe's bestselling novel Werther written 200 years earlier, and one of the most brilliant pieces of theatre post-Brecht, does find it worth mentioning. He is "sick & tired" of being paraded as living proof that "a single mother can successfully raise a male."
At the beginning of The Judgment, we find Georg Bendemann, who has just finished a letter to his friend in Russia, reliving once more the agonizing decision to write the letter in the first place. The decision had not been easy. Like many of Kafka's characters, Georg Bendemann is obsessed with the idea of analysis, with the painstaking exploration of all sides of a given issue. "What could one write to such a man without hurting him?" had been the question. "On the other hand, by writing only casual gossip or not at all one would doubtless increase the friends isolation" had been the counter-argument. What follows now is an exercise in looking at alternatives that spawn new alternatives that leaves the reader dazzled. Each conclusion is in turn explored to its possible opposite implications, which are in turn qualified, which leads to more questions followed by more partial conclusions plus qualifications thereof. The process could continue ad infinitum, in fact, has gone on for years--we are merely presented with a condensed version of it.
Goethe : Novelle
(2010)
Eckermann reports a conversation with Goethe on January 29, 1827: Es kam sodann zur Sprache, welchen Titel man der Novelle geben sollte; wir taten manche Vorschlaege, einige waren gut fuer den Anfang, andere gut fuer das Ende, doch fand sich keiner, der fuer das Ganze passend und also der rechte gewesen waere. "Wissen Sie was", sagte Goethe, "wir wollen es die Novelle nennen; denn was ist eine Novelle anders als eine sich ereignete unerhoerte Begebenheit. Dies ist der eigentliche Begriff, und so vieles, was in Deutschland unter dem Titel Novelle geht, ist gar keine Novelle, sondern bloss Erzaehlung oder was Sie sonst wollen. In jenem urspruenglichen Sinne einer unerhoerten Begebenheit kommt auch die Novelle in den Wahlverwandtschaften vor." This is the epilogue, as it were, to a lengthy conversation on January 15, 1827, in which Goethe interprets his own Novelle. Here an excerpt, a highly condensed analysis: Zu zeigen, wie das Unbaendige, Unueberwindliche oft besser durch Liebe und Froemmigkeit als durch Gewalt bezwungen werde, war die Aufgabe dieser Novelle, und dieses schoene Ziel, welches sich im Kinde und Loewen darstellt, reizte mich zur Ausfuehrung. Dies ist das Ideelle, dies die Blume. Und das gruene Blaetterwerk der durchaus realen Exposition ist nur dieserwegen da und nur dieserwegen etwas wert.
Beethoven's Ninth in Bailey Hall the other evening, April 20, ending in an instant standing ovation by a clearly enchanted audience, was an unforgettable experience. And, like all such truly extraordinary events that are marked not only by artistic merit, but draw their power from the circumstances surrounding their creation or performance, it recalled others and enhanced their significance. I was reminded of a stellar performance on Christmas Day of 1989, only weeks after the unexpected fall of the Berlin Wall on November 9, that haunting date in German history. Few people believed it would ever happen. But now, suddenly, reunification in justice and freedom, as the truncated old national anthem phrases it, was within reach.
Using molecular tools to differentiate closely related blackfly species of the genus Simulium
(2008)
Biodiversity data are the foundation for conservation and managemet and taxonomy provides the reference system, skills and tools used to identify organisms. Species level data such as species richness, composition and diversity are common metrics. However, species level identification of organisms tends to be neglected within ecological work, especially within monitoring programmes, but also in conservation biology (Giangrande, 2003). This is because collection of species level data is time consuming, with identification of species-specific characteristics traditionally involving lengthy examination of samples using microscopy. In addition it is costly and species level data is almost impossible to collect if the taxa involved are species rich and difficult to identify (Báldi 1999). Other reasons why species level identification is neglected include the fact that sample collection can damage organisms, so diagnostic morphological features are lost, or that individuals may be in a life history stage or of a sex that does not have diagnostic morphological characteristics. Furthermore, the numbers of available expert taxonomists needed for species identification are in decline and have been for several decades. Species identification using molecular taxonomy where DNA is used as a marker is championed as a tool for resolving a range of morphological problems, such as the association of all life history stages, correlating male and female specimens to the same species and identifying partial specimens. Traditional taxonomy is built around morphological variations between species, with systematic inferences based upon shared physical characters. In molecular taxonomy on the other hand, proteins and genes are used to determine evolutionary relationships. ’DNA barcoding’ aims to provide an efficient method for species-level identification and it is thought that it will provide a powerful tool for taxonomic and biodiversity research (Hajibabaei et al. 2007). Cited strengths of a molecular based approach to species identification include the potential universality and objective nature of DNA data as taxonomic information, the usefulness of molecular data in animal groups characterized by morphological cryptic characters and the use of DNA sequence information to determine otherwise ‘unidentifiable’ biological material (such as incomplete specimens or immature specimens). Its aim is to increase the speed, precision and efficiency of field studies involving diverse and difficult to identify taxa and it has the potential to be automated to provide a rapid and consistently accurate supplementary identification system to traditional taxonomy. This project was a proof-of-concept study that investigated the feasibility of using DNA barcodes to differentiate closely related blackfly species of the genus Simulium. The longer term objective would be to apply such molecular approaches to organisms used in water quality monitoring and to biodiversity studies to provide a quick, robust but practical and cost effective tool for species identification. Great Britain is currently home to 33 morphospecies of blackfly many of which are morphologically close to other species and have been the cause of much systematic revision. In addition to evaluating the use of DNA barcodes in species identification, a non-destructive DNA extraction method was developed to preserve voucher pecimens that will allow a complete morphological classification to be carried after DNA extraction. Using molecular tools to differentiate closely related blackfly species of the genus Simulium v Finding an effective DNA barcode for an individual species involves accurate taxonomic identification and the retention of voucher specimens for future morphological studies. A rapid non-destructive method for DNA extraction from small insects was developed where no clean-up step was required prior to amplification and it was possible to extract DNA of sufficient quality in minutes retaining diagnostic morphological characteristics. For any molecular tool used for species discrimination, an important consideration is defining the specific genetic loci (e.g. the position of genes on a chromosome) to be monitored. All blackfly species in this study were successfully amplified with the standard barcoding coxI gene primer pair LCO1490 5'-GGT CAA CAA ATC ATA AAG ATA TTG G-3' and HCO2198 5'-TAA ACT TCA GGG TGA CCA AAA AAT CA-3' (Folmer et al. 1994) and we did not need to optimise or redesign the primer sequence.
Euro area data show a positive connection between sovereign and bank risk, which increases with banks’ and sovereign long run fragility. We build a macro model with banks subject to moral hazard and liquidity risk (sudden deposit withdrawals): banks invest in risky government bonds as a form of capital buffer against liquidity risk. The model can replicate the positive connection between sovereign and bank risk observed in the data. Central bank liquidity policy, through full allotment policy, is successful in stabilizing the spiraling feedback loops between bank and sovereign risk.