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Choice of currency in bond issuance and the international role of currencies

Siegfried, Nikolaus; Simeonova, Emilia; Vespro, Cristina - 2007

-2003, attempting to understand motives for issuing in foreign currency, and determinants for the choice of currency. We consider the … following influences on the currency choice when issuing foreign currency denominated debt: the microeconomic characteristics of … addition to cost minimisation, hedging motives and the desire to establish an investor base influences the choice of currency …

Persistent link: https://www.econbiz.de/10011604860

Fakturierung im Außenhandel

Broll, Udo; Fuchs, Frank; Wahl, Jack E. - In: ifo Dresden berichtet 14 (2007) 3, pp. 23-28

Ein Thema, das in der jüngeren außenwirtschaftlichen Literatur zunehmend Beachtung findet, ist die Wahl der Währung, in der internationale Handelstransaktionen abgerechnet (fakturiert) werden. Es geht um die Frage, ob ein international tätiges Unternehmen den Preis für Güter oder...

Persistent link: https://www.econbiz.de/10011733127

Zooming Out: The Trade Effect of the EURO in Historical Perspective

Berger, Helge; Nitsch, Volker - 2005

currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by …

Persistent link: https://www.econbiz.de/10010296364

Zooming out : the trade effect of the euro in historical perspective

Berger, Helge; Nitsch, Volker - 2005

currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by …

Persistent link: https://www.econbiz.de/10010261162

The Benefits of Creating an Integrated EU Market for Investment Funds

Heinemann, Friedrich - 2002

The fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market?s degree of integration, the potential benefits from more integration and the obstacles to cross-border sales of funds. The analysis shows that...

Persistent link: https://www.econbiz.de/10010298094

Contractual relations between European VC-funds and investors: The impact of reputation and bargaining power on contractual design

Schmidt, Daniel; Wahrenburg, Mark - 2003

The paper explores factors that influence the design of financing contracts between venture capital investors and European venture capital funds. 122 Private Placement Memoranda and 46 Partnership Agreements are investigated in respect to the use of covenant restrictions and compensation...

Persistent link: https://www.econbiz.de/10010298250

The influence of buy-side analysts on mutual fund trading

Frey, Stefan; Herbst, Patrick - 2010

We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data provided by a large global asset manager, we relate buy-side analysts' recommendations to fund transactions on a daily basis. Our results show that buy-side analysts have a...

Persistent link: https://www.econbiz.de/10010302544

Fund managers - why the best might be the worst: On the evolutionary vigor of risk-seeking behavior

Witte, Björn-Christopher - 2011

This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences. As a practical example, the professional competition between fund managers is considered. To explore how different settings of competition parameters, the exclusion rate and...

Persistent link: https://www.econbiz.de/10010306759

Towards a single European market in asset management

Heinemann, Friedrich; Schröder, Michael; Schüler, Martin - 2003

Persistent link: https://www.econbiz.de/10011288127

Incentive Contracts and Hedge Fund Management: A Numerical Evaluation Procedure

Jackwerth, Jens Carsten; Hodder, James E. - 2003

The behavior of a hedge-fund manager naturally depends on her compensation scheme, her preferences, and constraints on her risk-taking. We propose a numerical method which can be used to analyze the impact of these influences. The model leads to several interesting and novel results concerning...

Persistent link: https://www.econbiz.de/10010323933