The theories of internalization and internationalization provide general factors of international market entry but are …

This paper examines the international credit portfolios of German banks. We construct a bank-country panel from a … some countries. Controlling for bank heterogeneity, we analyse the deviations of actual portfolios from a mean … entry requirements tend to be overweighted, primarily due to excess profits resulting from a lower level of banking market …

In attempting to promote bank stability, the Basel Committee on Banking Supervision (2006) provides a framework that … seeks to control the amount of tail risk that large banks take in their trading books. However, banks around the world … whether the Basel framework allows banks to take substantive tail risk in their trading books without a capital requirement …

We investigate whether the willingness to take investment risk is a sex-linked trait and link the results to the … self-reported risk tolerance for Austria, Italy, the Netherlands and Spain. Of those countries, Italy is by far the country …

We explore the link between international stock market comovement and the degree to which firms operate globally. Using … into global, country-specific and industry-specific shocks. We find a large and highly significant link : on average, a …

In this paper, we present a new approach to measuring interest rate risk for insurers within the Swiss Solvency Test … interest rate risk factors than are actually needed to capture interest rate risk, it allows for significantly negative … interest rates and it tends toward procyclical solvency capital requirements. Our new approach treats interest rate risk with …

CEE countries such as Poland started to experience a very high rate of financial development within a few years after … emerging from socialism. A review of the literature suggests that this asymmetric development should have been most beneficial … for those industry sectors most dependent on external finance. However, the widelyused Rajan and Zingales (1998) measure …

international borrowing. Intercasual insurance, reducing exposure to differences in contingent future cases, and not intertemporal …

the credit portfolio risk profile of the occupational pension insurance plan and compare two alternative pricing plans. We … pension insurance plan (PSVaG). While relating risk premiums to firms' default probabilities would cause them to diverge …With this paper we seek to contribute to the literature on pension insurance systems. The financial literature tends to …