We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … euro, as well as increasing international capital flows, appear to drive low frequency integration. In contrast, yield …

In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over …-benefit policy. Based on the actual data, our results show the volatility of the internal rate of return to be significantly higher …. -- Risk ; internal rate of return ; sustainability …