In this paper the relationship between stock prices and house prices is analysed for six countries over the years 1976-2001. We find that both asset prices show a positive long-term relationship, which can partly be explained by common macro-economic factors such as credit, consumption and...

This research memorandum presents and discusses the results of the 12th DNB-euro survey which was held in July 2001 among the Dutch public and business sector. The business community has energetically embarked upon preparing for the euro. Large scale and medium-sized enterprises have...

This research memorandum presents and discusses the results of the 11th euro survey which was held in February/March 2001 among the Ducht public and business sector. The negative trend in eurosentiment and satisfaction about the provision of information has stopped. Euro knowledge has improved...

The 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for cover. This paper presents a calibration of the U.S....