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Fricke, Daniel - 2021

Mutual fund risk-taking via active portfolio rebalancing varies both in the cross-section and over time. In this paper, I show that the same is true for funds' off- balance sheet risk-taking, even after controlling for on-balance sheet activities. For this purpose, I propose a novel measure of...

Persistent link: https://www.econbiz.de/10012489580

The making of America’s imbalances

Schularick, Moritz; Wachtel, Paul - 2012

separate trends: a sharp fall in the asset acquisition of American households in the 1990s, and an explosion of mortgage … that the American credit boom of the 2000s had few direct links to reserve accumulation in emerging markets. The mortgage …

Persistent link: https://www.econbiz.de/10009580848

Monetary policy, housing, and collateral constraints

Franz, Thorsten - 2019

decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …

Persistent link: https://www.econbiz.de/10011963152

Sick leave and medical leave in the United States : a categorization and recent trends

Pichler, Stefan; Ziebarth, Nicolas R. - 2024

This article reviews the current debate about sick pay mandates and medical leave in the United States. The United States is one of three industrialized countries that do not guarantee access to paid sick leave for all employees. We first provide a categorization of the different paid leave...

Persistent link: https://www.econbiz.de/10014511708

The (in)stability of stock returns and monetary policy interdependence in the US

Carlevaro, Emiliano A.; Magnusson, Leandro M. - 2020

Persistent link: https://www.econbiz.de/10012601693

Alternative user costs, rates of return and TFP growth rates for the US nonfinancial corporate and noncorporate business sectors : 1960-2014

Diewert, Walter E.; Fox, Kevin J. - 2016

Persistent link: https://www.econbiz.de/10011575033

Shock around the clock - on the causal relations between international shock markets, the strength of causality and the intensity of shock transmission : an econometric analysis

Dornau, Robert - 1998

This paper investigates empirically the interrelationships between the daily stock market returns of the Nikkei 225, DAX and Dow Jones Industrial index. Contrary to former work this paper uses the succession of the markets in time to form different econometric models. In this way it is possible...

Persistent link: https://www.econbiz.de/10013428145

Stress testing the German mortgage market

Barasinska, Nataliya; Haenle, Philipp; Koban, Anne; … - 2019

This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we … to 2020 for the whole German banking sector. Our results show that loss rates in the residential mortgage portfolios of …

Persistent link: https://www.econbiz.de/10012012997

The pricing of FX forward contracts : micro evidence from banks' dollar hedging

Abbassi, Puriya; Bräuning, Falk - 2018

Using transaction-level data on foreign exchange (FX) forward contracts, we document large demand-driven heterogeneity in banks' dollar hedging costs. For identification, we exploit regulatory end-of-quarter reporting that penalizes banks' currency exposure with capital surcharges. Contracts...

Persistent link: https://www.econbiz.de/10011916907

Subjective evaluation versus public information

Bester, Helmut; Münster, Johannes - 2013

This paper studies a principal-agent relation in which the principal's private information about the agent's effort choice is more accurate than a noisy public performance measure. For some contingencies the optimal contract has to specify ex post inefficiencies in the form of inefficient...

Persistent link: https://www.econbiz.de/10009752336

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