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Security of retail payments : the new strategic objective
Stavins, Joanna - 2013 - This version: November 4, 2013
The Federal Reserve Financial Services Strategic Plan for 2012 - 2016 specifies five main policy goals for the next few years. The second of its goals is to "Maintain public confidence in the end-to-end safety and security of clearing and settlement systems." Indeed, in each annual Survey of...
Persistent link: https://www.econbiz.de/10010233702
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To Empower, Prohibit, or Delegate? : Regulatory Strategies for the Consumer Credit Market
Lee, Yoon-Ho Alex - 2013
Much has been written about the state of U.S. consumer credit market. In this Article, we provide an overview of the scholarship in this area and an interim diagnosis of the market failure. We identify the chief problem as various epistemic failures on the consumers' part, which lead to poor...
Persistent link: https://www.econbiz.de/10013092605
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Abusing ETFs
Bhattacharya, Utpal - 2017
Using data from a large German brokerage, we find that individuals investing in passive exchange-traded funds (ETFs) do not improve their portfolio performance, even before transaction costs. Further analysis suggests that this is because of poor ETF timing as well as poor ETF selection...
Persistent link: https://www.econbiz.de/10012975378
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Systemic usury and the European Consumer Credit Directive
Neuberger, Doris; Reifner, Udo - 2019
Usury is a frequent occurrence in consumer credit markets and particularly affects low-income households. Systemic usury exploits poverty by shifting usury into additional products and leveraging usury gains by stringing together individual loan agreements. This paper reviews the economic...
Persistent link: https://www.econbiz.de/10012027590
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Systemic usury and the European Consumer Credit Directive
Neuberger, Doris; Reifner, Udo - 2019 - Revised version Dezember 2019
-based pricing, and negative externalities. Contrary to the main focus of the European Consumer Credit Directive, improved disclosure …
Persistent link: https://www.econbiz.de/10012132614
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Systemic usury and the European consumer credit directive
Neuberger, Doris; Reifner, Udo - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 1, pp. 115-132
-based pricing, and negative externalities. Contrary to the main focus of the European Consumer Credit Directive, improved disclosure …
Persistent link: https://www.econbiz.de/10012507235
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Macroeconomic Experiences and Risk Taking of Euro Area Households
Ampudia, Miguel - 2014
This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households. We show that experienced stock market...
Persistent link: https://www.econbiz.de/10013058238
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Household Financial Risk Tolerance in Europe
Laurinaityte, Nora - 2018
This study examines the differences in household financial risk tolerance across the Eurozone countries and over time. Using the HFCS data, household subjective financial risk tolerance, stock ownership, and mutual fund ownership are all found to be increasing with household income, wealth,...
Persistent link: https://www.econbiz.de/10012919686
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Disclosure quality on Covid-19 of European Banks in half-year and year-end financial statements 2020
Löw, Edgar; Schröder, Michelle Elodie - 2021
expectations on disclosure regarding the pandemic’s impact in order to meet the objective of the IFRS to provide decision … which banks fulfilled the disclosure expectations communicated by the relevant professional institutions. For this purpose …, a disclosure index approach will be applied to half-year reports and annual reports for the year 2020 from European …
Persistent link: https://www.econbiz.de/10012795250
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Corporate social responsibility reports of European banks : an empirical analysis of the disclosure quality and its determinants
Löw, Edgar; Klein, Deborah E.; Pavicevac, Adrian - 2020
strengthening both the comparability and relevance of non-financial information disclosure across the European Union (EU). The … quality of the reported information a disclosure index study was conducted. Furthermore, an OLS regression was performed to …
Persistent link: https://www.econbiz.de/10012161187