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Macro expectations, aggregate uncertainty, and expected term premia

Dick, Christian D.; Schmeling, Maik; Schrimpf, Andreas - 2010

Die empirische Literatur zur Zinsstruktur zeigt, dass sich langfristige Zinsen nicht - wie dies die sogenannte …

Persistent link: https://www.econbiz.de/10008660631

The zero risk fallacy? : banks' sovereign exposure and sovereign risk spillovers

Kirschenmann, Karolin; Korte, Josef; Steffen, Sascha - 2017

European banks are exposed to a substantial amount of risky sovereign debt. The "missing bank capital" resulting from the zero-risk weight exemption for European banks for European sovereign debt amplifies the co-movement between sovereign CDS spreads and facilitates cross-border...

Persistent link: https://www.econbiz.de/10011764975

Business closure and financial loss : who foots the bill? ; evidence from German small business closures

Metzger, Georg - 2010

This paper explores how different reasons for business closure impact the probability that financial loss will be suffered by creditors. Using German small business data, the study finds that business closure due to financial problems is strongly correlated with a likelihood of financial loss....

Persistent link: https://www.econbiz.de/10003961536

The role of transaction costs and risk premia in the determination of climate change policy responses

Eckermann, Frauke (contributor) - 2003

Persistent link: https://www.econbiz.de/10001822571

Sovereign risk premia : the link between fiscal rules and stability culture

Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013 - This version: March 2013

There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...

Persistent link: https://www.econbiz.de/10009721879

Do temporary workers receive risk-premiums? : assessing the wage effects of fixed-term contracts in West-Germany by matching estimators compared with parametric approaches

Hagen, Tobias - 2001

The wage effects of fixed-term contracts (FTCs) are analysed with the GSOEP for West Germany. Different estimators which take into account selection bias are used. It is shown that propensity score matching estimators which are usually applied for the evaluation of active labour market...

Persistent link: https://www.econbiz.de/10011447109

Mean-risk hedging strategies in electricity markets with limited liquidity

Woll, Oliver - 2015

This article investigates mean risk hedging with respect to limited liquidity and studies the impact of different risk … the relevant hedging markets are characterized by limited liquidity. We enhance the approach in Woll and Weber (2015) to a … mean-risk optimization under limited liquidity, including the risk measures absolute and relative Value and Conditional …

Persistent link: https://www.econbiz.de/10011308402

The effects of uncertainty on market liquidity : evidence from hurricane Sandy

Rehse, Dominik; Riordan, Ryan; Rottke, Nico; Zietz, Joachim - 2018

We test the effects of uncertainty on market liquidity using Hurricane Sandy as a natural experiment. Given the …

Persistent link: https://www.econbiz.de/10011844658

Integration benefits on EU retail credit markets : evidence from interest rate pass-through

Heinemann, Friedrich (contributor); … - 2002

Persistent link: https://www.econbiz.de/10001701684

What explains the spread between the euro overnight rate and the ECB's policy rate?

Linzert, Tobias (contributor); Schmidt, Sandra (contributor) - 2007

part be explained by the current liquidity deficit. Moreover, tight liquidity conditions as well as an increase in banks …' uncertainty about the liquidity conditions lead to a significant upward pressure on the spread. ECB's liquidity policy only has a …

Persistent link: https://www.econbiz.de/10003607705