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Addressing the psychology of financial markets

Tuckett, David - Institut für Weltwirtschaft (IfW) - 2009

and so decisions about risk, reward and the evaluation of success can become systematically compromised because the …

Persistent link: https://www.econbiz.de/10005083355

Transaction taxes and traders with heterogeneous investment horizons in an agent-based financial market model /

Demary, Markus - Institut für Weltwirtschaft (IfW) - 2009

This heterogeneous interacting agents model of a financial market is a generalization of the model proposed by Westerhoff (The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different investment horizons as...

Persistent link: https://www.econbiz.de/10008561116

Political risk guarantees and capital flows: The role of bilateral investment treaties

Mina, Wasseem - Institut für Weltwirtschaft (IfW) - 2015

This paper examines the influence of political risk guarantees of bilateral investment treaties on debt and equity … political risk guarantees in financial integration, regulation of financial markets and institutions, and capital liberalization. …

Persistent link: https://www.econbiz.de/10011262997

Impact of national financial regulation on macroeconomic and fiscal performance after the 2007 financial shock: Econometric analyses based on cross-country data

Hagen, Tobias - Institut für Weltwirtschaft (IfW) - 2013

Using cross-country data, this paper estimates the impact of the 2007 financial shock on countries' macroeconomic developments conditional on national financial regulations before the crisis. For this purpose, the financial reform index developed by Abiad et al. (A New Database of Financial...

Persistent link: https://www.econbiz.de/10010956118

Black swans, dragon kings, and Bayesian risk management

Haas, Armin; Onischka, Mathias; Fucik, Markus - Institut für Weltwirtschaft (IfW) - 2013

In the past decades, risk management in the financial community has been dominated by data-intensive statistical … methods which rely on short historical time series to estimate future risk. Many observers consider this approach as a … least in principle. The authors suggest that the concept of Bayesian risk management may efficiently mobilize the knowledge …

Persistent link: https://www.econbiz.de/10010956151

Europe's Entry into the Venture Capital Business: Efficiency and Policy

Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2004

This paper provides new evidence on Europe's experience with venture capital in the 1990s. Individual countries' activity is not solely determined by country characteristics and a purely domestic history, but also by a common European experience: the interdependence of valuations in primary...

Persistent link: https://www.econbiz.de/10005755118

Learning and Signalling in the French and German Venture Capital Industries

Stolpe, Michael - Institut für Weltwirtschaft (IfW) - 2003

This paper analyses the efficiency of venture capital and its impact on primary equity markets in France and Germany. It shows that venture capital operates according to the signalling model in France and according to the learning model in Germany. Only the learning model can serve as a...

Persistent link: https://www.econbiz.de/10005700526

Liberalization and Regulation of International Capital Flows: Where the Opposites Meet

Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2001

The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...

Persistent link: https://www.econbiz.de/10005700530

The Great Recession versus the Great Depression: stylized facts on siblings that were given different foster parents

Aiginger, Karl - Institut für Weltwirtschaft (IfW) - 2010

This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and...

Persistent link: https://www.econbiz.de/10008615592

Disclosure requirements, the release of new information and market efficiency: new insights from agent-based models

Hermsen, Oliver; Witte, Björn-Christopher; Westerhoff, … - Institut für Weltwirtschaft (IfW) - 2009

an increase in financial market risk. …

Persistent link: https://www.econbiz.de/10008561121