constructed from the recommendations are compared using different performance and risk measures. …

Schwierigkeiten: Die hier ausgewiesenen Ergebnisse stützen sich auf einen Vergleich von tatsächlich am Markt verlangten … Investmentsparpläne mit anschließender Verrentung bei vergleichbarer Laufzeit und Einzahlungshöhe liegen. Dieser Vergleich zeigt, dass ein …

men. Once risk attitude is controlled for, this effect shrinks to only 2.6 percent. We find no difference when single … participation is mainly explained by different risk attitudes and monetary endowments, but women would participate even less in the … capital market if they reacted as sensitively to risk aversion as their male counterparts. Lastly, given participation in the …

banks, this percentage is less than eight percent. -- Credit risk ; systematic risk ; maturity ; stress tests …Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data … regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The …

and returns from maturity transformation. Banks price interest risk according to their individual exposure separately in … macroeconomic interest volatility exposure. Microeconomic on-balance interest risk exposure from maturity transformation, however … margins. -- Interest rate risk ; Interest margins ; Maturity transformation …

involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits …

part of total assets in all countries. While almost all households hold safe financial assets, a low share of households …

vorliegenden Arbeit wird der Effekt dieser Steuervorteile auf die Rendite von Lebensversicherungen untersucht. Es wird ein Weg zur … Abgrenzung der Sparkomponente einer Kapitallebensversicherung und zur Berechnung von deren Rendite aufgezeigt. Unter Verwendung …