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Out of sight, out of mind? : on the risk of sub-custodian structures
Droll, Thomas; Podlich, Natalia; Wedow, Michael - 2015
long and frequently reach across several countries. The risk that securities are lost or the return to their owners delayed …-custodian reduce the country risk in sub-custodian structures. When we analyse the choice of a CSD as first sub-custodian, we find that …
Persistent link: https://www.econbiz.de/10011334614
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Towards a new architecture for financial stability : seven principles
Garicano, Luis; Lastra, Rosa M. - 2010
Persistent link: https://www.econbiz.de/10003986781
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Portfolio allocation and international risk sharing
Benigno, Gianluca; Küçük-Tuger, Hande - 2011
Recent contributions have shown that it is possible to account for the so-called consumptionreal exchange anomaly in models with goods market frictions where international asset trade is limited to a riskless bond. In this paper, we consider a more realistic international asset market structure...
Persistent link: https://www.econbiz.de/10008988794
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On the exposure of insurance companies to sovereign risk : portfolio investments and market forces
Düll, Robert; König, Felix; Ohls, Jana - 2015
risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … effects from sovereign risk to domestic insurers. The impact on insurers is larger than for non-financial firms and slightly … on European data, we show that risks in sovereign bond portfolios are an important driver of insurer risk, which is not …
Persistent link: https://www.econbiz.de/10011373080
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Learning about fiscal policy and the effects of policy uncertainty
Hollmayr, Josef; Matthes, Christian - 2013
The recent crisis in the United States has often been associated with substantial amounts of policy uncertainty. In this paper we ask how uncertainty about fiscal policy affects the impact of fiscal policy changes on the economy when the government tries to counteract a deep recession. The...
Persistent link: https://www.econbiz.de/10010211956
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Risk, time pressure, and selection effects
Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011899690
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Can risk-benefit analysis provide consistent policy evaluations pf projects involving loss of life?
Blackorby, Charles; Donaldson, David - 1984
Persistent link: https://www.econbiz.de/10003532077
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Calculating trading book capital : is risk separation appropriate?
Raupach, Peter - 2015
portfolio, one for market risk and one for credit risk. Similar approaches are common in banks’ internal models for economic … capital. Although it is known that joint market and credit risk of certain investments can be larger than the sum of risks … holdings or CDS portfolios – are also affected. There are realistic conditions under which credit risk (represented by ratings …
Persistent link: https://www.econbiz.de/10011299075
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Investment risk appraisal
Serguieva, A.; Hunter, J. - 2000
Persistent link: https://www.econbiz.de/10001572628
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Risk sharing and the demand for insurance : theory and experimental evidence from Ethiopia
Berg, Erlend; Blake, Michael; Morsink, Karlijn - 2020
Persistent link: https://www.econbiz.de/10012820713