Narrow search
Showing 1 - 10 of 193
Cover Image
House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10010325002
Cover Image
Striking out: Biases and losses of retail option traders
Pitkäjärvi, Aleksi; Vacca, Matteo - 2024
Analyzing over 15 years of account-level trading records from Finland, we show that option features-expiration, moneyness, and the strike price-influence the behavior of retail investors and exacerbate their behavioral biases. Retail investors selectively exploit the expiration feature of...
Persistent link: https://www.econbiz.de/10014547719
Cover Image
Saving Private Pareto
Houba, Harold - 2013
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) and relax the assumptions on consumption sets and preferences. We show that initial holdings are irrelevant for lexicographic welfare maximization. Equilibria other than such maximizers can be...
Persistent link: https://www.econbiz.de/10013083795
Cover Image
Optimal Sharing of Labor Productivity Risks and Mix of Pay-as-You-Go and Savings
Kusmerski, Debora - 2012
Pay-As-You-Go (PAYG) social security, and the mix of PAYG and savings for retirement provision in a small open economy. It … exposure. The paper also provides a condition for partial displacement of savings by the PAYG, which is in line with …
Persistent link: https://www.econbiz.de/10012712681
Cover Image
The Impact of Financial Education for Youth in Ghana
Berry, James; Karlan, Dean S.; Pradhan, Menno Prasad - 2015
offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …
Persistent link: https://www.econbiz.de/10014136739
Cover Image
Bayesian Forecasting of Federal Funds Target Rate Decisions
van den Hauwe, Sjoerd - 2011
This paper examines which macroeconomic and financial variables are most informative for the federal funds target rate decisions made by the Federal Open Market Committee (FOMC) from a forecasting perspective. The analysis is conducted for the FOMC decision during the period January 1990 - June...
Persistent link: https://www.econbiz.de/10013122460
Cover Image
Regional Interest Rate Variations : Evidence from the Indonesian Credit Markets
Ridhwan, Masagus - 2012
This paper explores the determinants of regional differences in interest rates based on a simple theoretical model of loan pricing. The model demonstrates how risks, costs, market concentration and scale economies jointly determine the bank's interest rates. Using recent data of the Indonesian...
Persistent link: https://www.econbiz.de/10013103565
Cover Image
Beating the Random Walk : A Performance Assessment of Long-Term Interest Rate Forecasts
den Butter, Frank A. G.; Jansen, Pieter W. - 2008
This paper assesses the performance of a number of long-term interest rate forecast approaches, namely time series models, structural economic models, expert forecasts and combinations thereof. The predictive performance of these approaches is compared using out of sample forecast errors, where...
Persistent link: https://www.econbiz.de/10014213445
Cover Image
Nevertheless, they persist: Cross-Country Differences in Homeownership Behavior
Huber, Stefanie; Schmidt, Tobias - 2022
Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 44% in Switzerland to 83% in Spain. This paper investigates whether cultures-defined as behavioral attitudes passed across generations-may value homeownership differently,...
Persistent link: https://www.econbiz.de/10013356465
Cover Image
The initial deposit decision and the occurrence of bank runs
de Jong, Johan - 2021
In studies of bank runs the initial deposit decision is typically not taken into account. However, it is unlikely that people will entrust money to a bank that they expect to fail in the near future. The aim of this study is to investigate to what extent this mechanism prevents bank runs. It...
Persistent link: https://www.econbiz.de/10012605989