Essay from the year 2016 in the subject Business economics - Accounting and Taxes, grade: 1,0, , course: Economics of Accounting and Finance, language: English, abstract: The European Financial Crisis was a crippling event in modern economic history. In the aftermath of the crisis, national as well as international, public as well as private institutions are researching the origin of the crisis and ways to prevent a second occurrence. Research and literature show that a determining factor for the crash of the financial markets were construction and housing prices. As a result of this…mehr
Essay from the year 2016 in the subject Business economics - Accounting and Taxes, grade: 1,0, , course: Economics of Accounting and Finance, language: English, abstract: The European Financial Crisis was a crippling event in modern economic history. In the aftermath of the crisis, national as well as international, public as well as private institutions are researching the origin of the crisis and ways to prevent a second occurrence. Research and literature show that a determining factor for the crash of the financial markets were construction and housing prices. As a result of this observation a possible explanation for the European Financial Crisis could be found in boom and bust cycles of these industries.The following paper will briefly introduce the background of the boom and bust cycles based upon the New Keynesian perspective of Endemic Business Cycle as well as the socio-economic background of the crisis. In a next step supporting and opposing arguments of the introducedmodel are presented, and analyzed. The paper will conclude that while the boom and bust cycles are not as co-depended as the model indicates, the European Financial Crisis was indeed strongly influenced by the boom and subsequent bust of Construction and Housing prices. The correlation with credit booms played a decisive role in the crash. Thus, authorities are would be well advised to address the correlation in monetary policy.
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Managing Partner @ Gartner Expert for strategic transformation IT in Government, Healthcare, Justice & Policing Experienced (Digital) Transformation professional with a decade of expertise in Public Sector, Justice, and Healthcare domains. Demonstrated commitment to impactful transformations and inclusive leadership, driving ownership across teams. Proven track record in leading successful turnarounds, notably achieving a 1.2-billion-euro cost-saving initiative involving 500+ stakeholders. Managing Partner November 2024 - present Hired by a IT strategy consulting firm, to spearhead strategy consulting, transformation, and crisis management initiatives, overseeing governmental framework contracts and financial administration while ensuring operational excellence. Senior Manager April 2022 - October 2024 Orphoz, A McKinsey Company, Berlin, Germany Hired by a mid-sized strategy consulting firm, a subsidiary of McKinsey, to spearhead strategy consulting, transformation, and crisis management initiatives, overseeing governmental framework contracts and financial administration while ensuring operational excellence. Manager December 2019 - March 2022 KPMG Germany, Düsseldorf, Germany Recruited by a large-sized Big4 consulting firm with 2.17 billion Euro revenue to lead strategy consulting, transformation, and turnaround management endeavors, overseeing governmental framework contracts and ensuring operational excellence within the PMO. Senior Consultant January 2018 - November 2019 PD - Berater der öffentlichen Hand, Berlin, Germany Appointed by a mid-sized management consulting firm, serving as the in-house consultancy for the German Federal Government, to drive strategy consulting, transformation, and turnaround management projects, with a focus on organizational transformations and project management. EDUCATION MBA, International Business and Data Protection, Post University, Connecticut, US Master of General Management, Data Protection Management, Steinbeis University, Berlin, Germany Master of Laws, International Business Law, Steinbeis Universität, Berlin, Germany Bachelor of Arts, Political Science, Leibniz Universität, Hanover, Germany CERTIFICATIONS (excerpt) Specialization in Strategy, Harvard Business School 2023 Organizational Effectiveness and Change in McKinsey Transformations, McKinsey & Company 2023 Negotiation Masterclass, Harvard Law School 2022 Prince II Practitioner, PeopleCert 2019
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