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Do demographic changes affect risk premiums?
Ang, Andrew; Maddaloni, Angela - 2003
We examine the link between equity risk premiums and demographic changes using a very long sample over the whole … persons significantly decreases risk premiums. This demographic predictability of risk premiums is stronger for countries with …
Persistent link: https://www.econbiz.de/10009639859
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Leitlinien zu einigen Aspekten der MiFID-Anforderungen an die Compliance-Funktion
European Securities and Markets Authority - 2012
Persistent link: https://www.econbiz.de/10010335223
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ESMA report on trends, risks and vulnerabilities : No. 1, 2014
European Securities and Markets Authority - 2014
Persistent link: https://www.econbiz.de/10010335233
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Statement : potential risks associated with investing in contingent convertible instruments
European Securities and Markets Authority - 2014
(CoCos). If they work as intended in a crisis CoCos will play an important role to inhibit risk transfer from debt holders to …
Persistent link: https://www.econbiz.de/10010392285
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Diversification in euro area stock markets
Moerman, Gerard - 2004
The harmonisation of fiscal and economic policy within the European Monetary Union (EMU) has had a considerable impact on the economies of member countries in the past decade. In particular, several studies indicate that the proceeding economic integration among euro area countries has important...
Persistent link: https://www.econbiz.de/10009636550
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Myopic loss aversion, disappointment aversion, and the equity premium puzzle
Fielding, David; Stracca, Livio - 2003
paper is that a highly short-sighted investment horizon is required for the historical equity premium to be explained by … loss aversion, while reasonable values for disappointment aversion are found also for long investment horizons. So, stocks …
Persistent link: https://www.econbiz.de/10009639864
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Finance and diversification
Manganelli, Simone; Popov, Alexander - 2010
faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …
Persistent link: https://www.econbiz.de/10009640281
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Investors with too many options?
Dorn, Daniel - 2010
During the last decade, markets for covered warrants (bank-issued options) have flourished in Europe and Asia. In these markets, investors often face a choice between many instruments that differ only slightly from each other. Based on retail trades in call options on the German DAX index, this...
Persistent link: https://www.econbiz.de/10009640343
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Should larger reserve holdings be more diversified?
Beck, Roland; Weber, Sebastian - 2010
The notable increase in international reserve holdings over the past decade and their use during the global financial crisis of 2008/2009 has sparked renewed interest in the analysis of the optimal level of reserve holdings, in particular in countries which are subject to sudden stops. Less...
Persistent link: https://www.econbiz.de/10009640347
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Risk spillover among hedge funds
Klaus, Benjamin; Rzepkowski, Bronka - 2009
within the same investment style are adversely affected through both channels of risk spillover. In addition, we find that … particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other … funds has affected the probability of fund failure. We find that risk spillover is significantly related to the failure …
Persistent link: https://www.econbiz.de/10009640467