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The relation between overreaction in forecasts and uncertainty : a nonlinear approach ; conference paper

Leppin, Julian Sebastian - 2014 - This version: February 2014

This paper examines if overreaction of oil price forecasters is affected by uncertainty. Furthermore, it takes into account joint effects of uncertainty and oil price returns on forecast changes. The panel smooth transition regression model from Gonz alez et al. (2005) is applied with univariate...

Persistent link: https://www.econbiz.de/10010480543

Asset management in volatile markets

Haiss, Peter R.; Sammer, Bernhard; Gartner, Martin; … - New Trends in Asset Management: Exploring the … - 2010

The 27th SUERF Colloquium in Munich in June 2008: New Trends in Asset Management: Exploring the Implications was already topical in the Summer of 2008. The subsequent dramatic events in the Autumn of 2008 made the presentations in Munich even more relevant to investors and bankers that want to...

Persistent link: https://www.econbiz.de/10011705329

The use of collateral in formal and informal lending : conference paper

Kislat, Carmen; Menkhoff, Lukas; Neuberger, Doris - 2013

The ex ante theory of collateral states that better informed lenders, such as informal lenders, rely less on collateral. We test this by contrasting the use of collateral between formal and informal lenders in the same market. Indeed, formal lenders rely more often on collateral, controlling for...

Persistent link: https://www.econbiz.de/10010342166

Cash on trial

Beer, Christian; Gnan, Ernest; Birchler, Urs W.; … - Conference "Cash on Trial" <2015, Zürich>; SUERF - The …; … - 2016

Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...

Persistent link: https://www.econbiz.de/10011548098

Preferential trade agreements, unemployment, and the informal sector : conference paper

Heid, Benedikt - 2014

countries? Standard quantitative models of international trade which are generally used to assess the impact of PTAs assume full …

Persistent link: https://www.econbiz.de/10010483840

Cash on trial, mk II : economics, technology and institutions

Birchler, Urs W. (ed., introduction); … - Cash on Trial <Veranstaltung> <2019, Frankfurt am Main>; … - 2019

Persistent link: https://www.econbiz.de/10012112413

Growth patterns of microfinance clients : evidence from sub-Saharan Africa ; conference paper

Wagner, Charlotte; Winkler, Adalbert - 2013 - This version: February 2013

impact of microfinance on client income and growth. Based on loan-level data from close to 40,000 clients in Sub …We provide evidence on the growth patterns of microfinance clients. Our analysis is motivated by the debate on the … our results provide econometric support for the largely anecdotal evidence presented by microfinance practitioners that …

Persistent link: https://www.econbiz.de/10010339390

Strive to be first and avoid being last : an experiment on relative performance incentives ; conference paper

Dutcher, E. Glenn; Balafoutas, Loukas; Lindner, Florian; … - 2013

Managers often use tournament incentive schemes which motivate workers to compete for the top, compete to avoid the bottom, or both. In this paper we test the effectiveness and efficiency of these incentive schemes. To do so, we utilize optimal contracts in a principal-agent setting, using a...

Persistent link: https://www.econbiz.de/10010340563

The StoNED age : the departure into a new era of efficiency analysis? : a MC study comparing StoNED and the "Oldies" (SFA and DEA) conference paper

Andor, Mark Andreas; Hesse, Frederik - 2013

Based on the seminal paper of Farrell (1957), researchers have developed several methods for measuring e fficiency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s....

Persistent link: https://www.econbiz.de/10010341110

Optimal directions for directional distance functions : an exploration of potential reductions of greenhouse gases ; conference paper

Hampf, Benjamin; Krüger, Jens - 2013

This study explores the reduction potential of greenhouse gases for major pollution emitting countries of the world using nonparametric productivity measurement methods and directional distance functions. In contrast to the existing literature we apply optimization methods to endogenously...

Persistent link: https://www.econbiz.de/10010344619

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