Die Europäische Zentralbank hat im Zuge der Finanzkrise und der sich verschlechternden realwirtschaftlichen Entwicklung im Euroraum die Leitzinsen auf ein historisches Allzeittief gesenkt. Welche Risiken birgt die Niedrigzinspolitik? Nach Ansicht von Michael Schubert, Commerzbank AG, Frankfurt...

This paper introduces an index that captures risk premiums of euro denominated assets based on sub-indices reflecting various credit spreads, implicit volatilities and bonds' excess return over stocks. The index reflects one common factor that accounts for general shifts in risk premiums across...

This paper introduces an index that captures risk premiums of euro denominated assets based on sub-indices reflecting various credit spreads, implicit volatilities and bonds' excess return over stocks. The index reflects one common factor that accounts for general shifts in risk premiums across...