Strukturierte Produkte, welche eine Kombination aus traditionellen Anlageinstrumenten wie Aktien oder Obligationen darstellen, sind in der Schweiz in den letzten Jahren zu einem wichtigen Anlageinstrument geworden. Ende Dezember 2009 waren 5.5% aller Wertschriftenbestände in Kundendepots bei...

We analyze the impact of (alliance) network exposure on the speed and extent of adoption of the business model as being one explanatory factor for diffusion controlling for actor specific characteristics and embeddedness in the network. In order to explain how existing national regulation...

We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions. First, investors (and possibly intermediaries) neglect certain unlikely risks. Second, investors demand securities with safe cash...