Narrow search
Showing 1 - 10 of 16,985
Cover Image
Towards a history of the Junk Bond Market, 1910-1955
Basile, Peter F.; Kang, Sung Won; Landon-Lane, John; … - 2015
reexamine some of the main debates about the financial history of the interwar years. A close look at junk bond yields: (1 …; and (5) strengthens the case for believing that junk bond yields contain some information useful for making economic …
Persistent link: https://www.econbiz.de/10011460728
Cover Image
Anchoring the yield curve using survey expectations
Altavilla, Carlo; Giacomini, Raffaella; Ragusa, Giuseppe - 2013
The dynamic behavior of the term structure of interest rates is difficult to replicate with models, and even models with a proven track record of empirical performance have underperformed since the early 2000s. On the other hand, survey expectations are accurate predictors of yields, but only...
Persistent link: https://www.econbiz.de/10010368212
Cover Image
Anchoring the yield curve using survey expectations
Altavilla, Carlo; Giacomini, Raffaella; Ragusa, Giuseppe - 2014
The dynamic behaviour of the term structure of interest rates is difficult to replicate with models, and even models with a proven track record of empirical performance have underperformed since the early 2000s. On the other hand, survey expectations are accurate predictors of yields, but only...
Persistent link: https://www.econbiz.de/10011605677
Cover Image
The bond premium in a DSGE model with long-run real and nominal risks
Rudebusch, Glenn D.; Swanson, Eric T. - 2008
macroeconomics is far too small and stable relative to empirical measures obtained from the data - an example of the "bond premium …
Persistent link: https://www.econbiz.de/10011506664
Cover Image
Systematic risk, debt maturity and the term structure of credit spreads
Chen, Hui; Xu, Yu; Yang, Jun - 2012
We build a dynamic capital structure model to study the link between systematic risk exposure and debt maturity, as well as their joint impact on the term structure of credit spreads. Our model allows for time variation and lumpiness in the maturity structure. Relative to short-term debt,...
Persistent link: https://www.econbiz.de/10010319636
Cover Image
Konstruktion einer Anleihe mit hypothekarischer Besicherung
Alram, Johannes - 2009
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt … Securities (Schuldverschreibungsgesetz). Furthermore, the work describes how the bond creditors shall have preferences of the …
Persistent link: https://www.econbiz.de/10010298959
Cover Image
Exploring the CDS-Bond Basis
De Wit, Jan - 2006
. Nonetheless, the average CDS-bond basis (i.e. the difference between both measures) is positive in the period 2004-2005. We detect …
Persistent link: https://www.econbiz.de/10011506625
Cover Image
Venture capital versus bank financing in innovative German firms
Schäfer, Dorothea; Talavera, Oleksandr; Zimmermann, Volker - 2007
-dependent VCs. In this case, empirical evidence is less compatible with theory, in particular the evidence on intrinsic project risk …
Persistent link: https://www.econbiz.de/10010264956
Cover Image
Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development
Petrick, Martin - 2004
The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...
Persistent link: https://www.econbiz.de/10010299352
Cover Image
Die Rolle der Institutionen: Fragen und Antworten zur Institutionenökonomik und Institutionenethik
Pies, Ingo - 2011
Dieses Interview wurde für eine Fachzeitschrift geführt, die sich primär an Lehrer wendet, welche in der Schule die Fächer „Politik“ oder „Wirtschaft“ unterrichten. Die Fragen und Antworten versuchen, verständlich werden zu lassen, wie wichtig es gerade für Schüler ist, die...
Persistent link: https://www.econbiz.de/10011733807