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Overbidding in fixed rate tenders - an empirical assessment of alternative explanations

Nautz, Dieter; Oechssler, Joerg - In: European economic review : EER 50 (2006) 3, pp. 631-646

Persistent link: https://www.econbiz.de/10003309972

Does the euro follow the German mark? : evidence from the monetary model of the exchange rate

Nautz, Dieter; Offermanns, Christian J. - In: European economic review : EER 50 (2006) 5, pp. 1279-1295

Persistent link: https://www.econbiz.de/10003338872

Inflation, price dispersion and market integration through the lens of a monetary search model

Becker, Sascha S.; Nautz, Dieter - In: European economic review : EER 56 (2012) 3, pp. 624-

Persistent link: https://www.econbiz.de/10009657467

Sovereignty and subsidiarity in EU environmental policy

Golub, Jonathan - 1996

Persistent link: https://www.econbiz.de/10000938342

Why did they sign? : Explaining EC environmental policy bargaining

Golub, Jonathan - 1996

Persistent link: https://www.econbiz.de/10000950570

State power and institutional influence in European integration : lessons from the packaging waste directive

Golub, Jonathan - 1996

Persistent link: https://www.econbiz.de/10013419813

The pivotal role of British sovereignty in EC environmental policy

Golub, Jonathan - 1994

Persistent link: https://www.econbiz.de/10013419847

Overbidding in Fixed Rate Tenders - An Empirical Assessment of Alternative Explanations

Nautz, Dieter; Oechssler, Jörg - 2003

This paper investigates various theories explaining banks' overbidding in the fixed rate tenders of the European Central Bank (ECB). Using auction data from both the Bundesbank and the ECB, we show that none of the theories can on its own explain the observed overbidding. This implies that the...

Persistent link: https://www.econbiz.de/10010263082