Showing 1 - 10 of 648
energy-performance of buildings with financial data on mortgages for Germany and identifies two risk drivers - a carbon price …" portfolio compared to a "green" portfolio. Taking climate policy into account in risk management and strategy can reduce the … transition risk and open up new lending opportunities. Financial regulation can promote such behaviour. …
Persistent link: https://www.econbiz.de/10012308888
Persistent link: https://www.econbiz.de/10003577356
This paper empirically investigates the effects of changes in the interest rate as well as transitory income uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the uncompensated interest rate elasticity for savings, in...
Persistent link: https://www.econbiz.de/10009261306
Persistent link: https://www.econbiz.de/10001971175
Persistent link: https://www.econbiz.de/10001972760
-2% for Germany. The ECB's interventions designed to reduce the risk of a breakup successfully did so for Italy, but …This paper assesses redenomination risk in the euro area. We first estimate daily default-risk-free yield curves for … redenomination risk from the yield spreads between these two types of bonds. Redenomination risk primarily shows up at the short end …
Persistent link: https://www.econbiz.de/10011865446
satisfaction and exposure to risk of dying. Application of the test using two sets of survey data from Germany and Australia … the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to … correct observed WTP for the "dead-anyway" effect, which says that WTP increases with the level of risk to which the …
Persistent link: https://www.econbiz.de/10011434254
This paper analyzes the risk allocation in concession models for German highways, according to the "F-Model" and the "A …-Model". We first assess the deficits of traditional construction and management of highways in Germany and present the two … concession models. Next, theoretical backgrounds and rules of thumb for risk allocation in concessions for road infrastructure …
Persistent link: https://www.econbiz.de/10011439406
(2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states … systems as those established in the EU are able to offset the negative impact of unemployment risk on the portfolio …
Persistent link: https://www.econbiz.de/10003934763
This paper investigates the link between the optimal level of non-financial firms' liquid assets and uncertainty. We develop a partial equilibrium model of precautionary demand for liquid assets showing that firms alter their liquidity ratio in response to changes in either macroeconomic or...
Persistent link: https://www.econbiz.de/10003394915