Showing 1 - 10 of 10
This paper explores French assets returns predictability within a VAR setup. Using quarterly data from 1970Q4 to 2006Q4, it turns out that bonds, equities and bills returns are actually predictable. This feature implies that the investment horizon does indeed matter in the asset allocation. The...
Persistent link: https://www.econbiz.de/10005328222
We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...
Persistent link: https://www.econbiz.de/10005668472
In the wake of regulatory, information technology and methodological changes, statistical property valuation has been gaining traction in Hungary. This paper looks at the available methods of appraisal based on the literature. We provide an overview of the advantages and drawbacks of the...
Persistent link: https://www.econbiz.de/10011944894
The aim of this study is to review what we know about depositors' behavior, using empirical observations and experimental data. I find that both fundamental problems and coordination failures between depositors explain depositors' behavior and therefore the emergence of bank runs. I show that...
Persistent link: https://www.econbiz.de/10012290269
In the wake of regulatory, information technology and methodological changes, statistical property valuation has been gaining traction in Hungary. This paper looks at the available methods of appraisal based on the literature. We provide an overview of the advantages and drawbacks of the...
Persistent link: https://www.econbiz.de/10011562772
Hungarian Abstract: A kutatás célja a lakosság zöld pénzügyi termékek iránti keresletének becslése és előrejelzése, valamint az egyes driverek feltárása. A zöld pénzügyi termékekkel kapcsolatosan elsősorban a banki szokások és a finanszírozási igények állnak a...
Persistent link: https://www.econbiz.de/10013211078
The aim of this study is to review what we know about depositors' behavior, using empirical observations and experimental data. I find that both fundamental problems and coordination failures between depositors explain depositors' behavior and therefore the emergence of bank runs. I show that...
Persistent link: https://www.econbiz.de/10012011994
This paper presents a model of the optimal bidding behaviour of a single bank in the context of fixed rate liquidity tenders. Banks’ bidding is shown to depend crucially on the central bank’s liquidity policy as regards tender allotments. The paper also analyses ECB liquidity policy in terms...
Persistent link: https://www.econbiz.de/10005648869
This is a survey of the literature on liquidity provision through banks. I first formulate the basic model underlying the modern literature on liquidity provision for households and then introduce the more recent literature on liquidity provision through banks and markets. Then I turn to...
Persistent link: https://www.econbiz.de/10005650131
Persistent link: https://www.econbiz.de/10008578163