On 11 March 2015, SUERF jointly organised a conference with the Oesterreichische Nationalbank and the Austrian Society for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of papers based on the authors' contributions to the Vienna...

We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay for their sovereign bond emissions. For this purpose we make use of financial market data from 288 tradable cantonal bonds in the period from 1981 to 2007. Our main focus is on...

Recent empirical studies have revealed prejudice based on country of origin in the Swiss naturalization system before courts banned closed ballot voting in 2003. Although the switch to elected councils has ameliorated the situation for the discriminated applicant groups, little has been known...

Does the enfranchisement of women lead to an increase in public support for government spending? By utilizing a natural experiment from Switzerland, I test this hypothesis empirically. I analyze the voting outcomes of two very similar referendum ballots concerning the federal government's...

In September 2009, G20 representatives called for introducing a minimum leverage ratio as an instrument of financial regulation. It is supposed to assure a certain degree of core capital for banks, independent of the controversial procedures used to assess risk. This paper discusses the...