Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. The consequent tightening of...

This paper examines the costs of recent sovereign defaults using synthetic control methods, a novel econometric technique based on comparative case studies. Evidence on the effects of debt crises is thus presented on a case-by-case basis, uncovering large variations in country-specific...

This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to have fallen to around 0.2 after the Real Plan...

German Abstract: ZusammenfassungDer vorliegende Forschungsbericht untersucht das Dekarbonisierungspotenzial von Anlageportfolios deutscher Pensionskassen im Kontext des Klimawandels und zeigt ein konzeptionelles Vorgehen auf, um das tatsächliche Potenzial zu messen. Anhand des Klimawandel und...