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The impact of individual investment behavior for retirement welfare : evidence from the United States and Germany
Post, Thomas; Gründl, Helmut; Schmit, Joan Therese; … - 2008
-level data from the United States and Germany, we compare the optimal expected lifetime utility computed using a realistically …
Persistent link: https://www.econbiz.de/10003727472
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Discrete-time stochastic volatility models and MCMC-based statistical inference
Hautsch, Nikolaus (contributor); Ou, Yangguoyi (contributor) - 2008
In this paper, we review the most common specifications of discrete-time stochastic volatility (SV) models and illustrate the major principles of corresponding Markov Chain Monte Carlo (MCMC) based statistical inference. We provide a hands-on ap proach which is easily implemented in empirical...
Persistent link: https://www.econbiz.de/10003770817
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Reassessing intergenerational mobility in Germany and the United States : the impact of differences in lifecycle earnings patterns
Vogel, Thorsten (contributor) - 2006
Germany and the United States and introduces an estimation strategy that corrects estimates of intergenerational earnings … is more limited in the US than in Germany. Furthermore, while the errors-in-variables problems have been dealt with … bias is found to be strong in Germany but only modest in the US. -- Intergenerational mobility ; lifecycle bias …
Persistent link: https://www.econbiz.de/10003375779
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Crisis? What crisis? Currency vs. banking in the Financial Crisis of 1931
Ritschl, Albrecht; Sarferaz, Samad - 2010
This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U … crisis, while financial distress was important. We also find evidence of crisis propagation from Germany to the U.S. via the …
Persistent link: https://www.econbiz.de/10003952982
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Similarities and differences between US and German regulation of the use of derivatives and leverage by mutual funds : what can regulators learn from each other?
Galkiewicz, Dominika Paula - 2014
.S. and Germany. After presenting a detailed overview of U.S. and German regulations, this study thoroughly compares the level … of flexibility funds have in both countries. I find that funds in the U.S. and Germany face limits on direct leverage … their net assets). Additionally, issuer-oriented rules in the U.S. and Germany account for issuer risk differently: U …
Persistent link: https://www.econbiz.de/10010402939
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Loss potential and disclosures related to credit derivatives : a cross-country comparison of corporate bond funds under US and German regulation
Gałkiewicz, Dominika - 2015
high as net assets, while in Germany, this potential can be even higher. Regarding the information funds provide to … investment behavior of funds. For instance, in Germany, funds that use more short than long CDS often state that they only use …
Persistent link: https://www.econbiz.de/10010503880
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Regulation and investment in network industries : evidence from European telecoms
Grajek, Michał; Röller, Lars-Hendrik - 2009
We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...
Persistent link: https://www.econbiz.de/10003871767
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The optimal industry structure in a vertically related market
Fiocco, Raffaele - 2010
We consider a vertically related market characterized by downstream imperfect competition and by the monopolistic provision of an essential facility-based input, whose price is set by a social-welfare maximizing regulator. Our model shows that the regulatory knowledge about the cost for...
Persistent link: https://www.econbiz.de/10003962960
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What happened to the transatlantic capital market relations?
Weber, Enzo (contributor) - 2007
This paper investigates the capital market relations between Euroland and the USA from 1990 until 2006. Formally based …
Persistent link: https://www.econbiz.de/10003633549
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Who leads financial markets?
Weber, Enzo (contributor) - 2007
The present paper embarks on an analysis of interactions between the US and Euroland in the capital, foreign exchange, money and stock markets from 1994 until 2006. Considering influences on financial market volatility, the estimations are carried out in multivariate EGARCH models using...
Persistent link: https://www.econbiz.de/10003633556