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Open-end real estate funds are of particular importance in the German bank- dominated financial system. However, recently the German open-end fund industry came under severe distress which triggered a broad discussion of required regulatory interventions. This paper gives a detailed description...
Persistent link: https://www.econbiz.de/10010295923
Persistent link: https://www.econbiz.de/10003715843
Open-end real estate funds are of particular importance in the German bankdominated financial system. However, recently the German open-end fund industry came under severe distress which triggered a broad discussion of required regulatory interventions. This paper gives a detailed description of...
Persistent link: https://www.econbiz.de/10003326727
Open-end real estate funds are of particular importance in the German bank- dominated financial system. However, recently the German open-end fund industry came under severe distress which triggered a broad discussion of required regulatory interventions. This paper gives a detailed description...
Persistent link: https://www.econbiz.de/10003446268
Open-end real estate funds are of particular importance in the German bank- dominated financial system. However, recently the German open-end fund industry came under severe distress which triggered a broad discussion of required regulatory interventions. This paper gives a detailed description...
Persistent link: https://www.econbiz.de/10012989298
Persistent link: https://www.econbiz.de/10012805219
This paper reconsiders a central bank's problem of determining rules for information dissemination and risk taking behavior that minimize the probability of currency crises. In a global games approach, we find that optimal transparency is adversely related to prior market beliefs. In countries...
Persistent link: https://www.econbiz.de/10013147317
This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a setting with moral hazard and risk-averse agents who have private information on their ability. Two heterogenous firms - characterized by vertical, respectively horizontal,...
Persistent link: https://www.econbiz.de/10012253127
Persistent link: https://www.econbiz.de/10011618315
Persistent link: https://www.econbiz.de/10014325179