The payoff of many credit derivatives depends on the level of credit spreads. In particular, the payoff of credit derivatives with a leverage component is sensitive to jumps in the underlying credit spreads. In the framework of first passage time models we extend the model introduced in...

With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended...

Diese Dissertation untersucht wie sich die Struktur sozialer Netzwerke auf den unternehmerischen Eintritt auswirkt. Sie analysiert die Effekte von sozialem Einfluss und Status auf die Entscheidung von Personen, ein neues, selbst erstelltes Angebot auf den Markt zu bringen. Bisherige Arbeiten...

Against the pressing challenge of climate change, solar photovoltaic technology is widely considered as a clean and renewable alternative to fossil fuels. Landscaping the development of solar technology worldwide, the case of China is prominent, as it experienced a successful catching-up and a...

Information flows in EU policy-making are heavily dependent on personal networks, both within the Brussels sphere but also reaching outside the narrow limits of the Belgian capital. These networks develop for example in the course of formal and informal meetings or at the sidelines of such...

This doctoral dissertation analyses the transmission of monetary policy. It applies a variety of empirical methods to study how conventional and unconventional monetary policy measures transmit to different macroeconomic and financial variables. The first article analyses the effect of monetary...