The anticipation of a future bailout of distressed firms worsens ex ante adverse selection, causing a market freeze at present and inviting government intervention ("bailout trap"). When firms of heterogenous qualities raise financing, high-quality firms are willing to bear adverse selection...

The 2023 Easter School will be hosted by the University of Bristol and will be an in-person event at the University campus. The school will consist of guest lectures, presentations by participants and policy sessions over three days along with a social element to allow for networking. The Easter...

In 2023, all courses will deal with how to model group differences in the social sciences and beyond. The courses will deal with... - Group Differences in Structural Equation Modeling (week 1: 27 Feb-03 Mar), - Decomposition Techniques (week 2: 06-10 Mar), - and Latent Class Analysis & Latent...

Economists typically make simplifying assumptions to make the solution and estimation of their highly complex models feasible. These simplifications include approximating the true nonlinear dynamics of the model, disregarding aggregate uncertainty or assuming that all agents are identical. While...

What is the impact of granular credit risk on banks and on the economy? We provide the first causal identification of single-name counterparty exposure risk in bank portfolios by applying a new empirical approach on an administrative matched bank-firm dataset from Norway. Exploiting the fat...

Die Frage der Geschlechtergerechtigkeit beschäftigt zunehmend auch die noch stark traditionell geprägte Finanzbranche. In der gemeinsamen Vortragsveranstaltung von CFS und IBF nehmen Dieter Ziegler und Claudia Rasper die historische und die aktuelle Entwicklung in den Blick und geben damit...

The COVID-19 outbreak has cut China's supply of and raised the world's demand for face masks, disinfectants, ventilators, and other critical medical goods. This article studies the economic and political factors that are associated with China's exports of medical equipment during the first two...

This annual training school, provides advanced training to enhance the understanding of current economic issues. This year’s school topic: Urban Economics. The Easter Training School brings together and encourages interactions among advanced postgraduate students doing doctoral research, (but...

Das 30. Kolloquium "Von der Umweltstatistik zur nachhaltigen Entwicklung" findet am 18. und 19. November 2021 als hybride Veranstaltung statt. Programm: - Vorstellung des "Digitalen Ökosystematlas"; - Vorstellung des "Digitalen Ökosystematlas"; - Ökosystemgesamtrechnungen – Flächenbilanz...

Das YES! – Young Economic Summit ist ein gemeinsames Projekt der ZBW – Leibniz-Informationszentrum Wirtschaft und der Joachim Herz Stiftung aus Hamburg. Topics: - Mobilität im ländlichen Raum – wie kann Elektromobilität dort funktionieren? - Neu im Land – wie können Geflüchtete auf...