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The trading of bonds and swaps largely relies on bank dealers as core market-makers. Dealers provide liquidity and … bonds and swaps currently traded and how liquid are these markets?, (2) how do the structural changes affect the dealer … to their market-making activities. The ongoing challenges faced in ensuring resilient provision of liquidity were also …
Persistent link: https://www.econbiz.de/10014476215
portion of banks' excess liquidity (EL) holdings from the negative interest rate of the ECB's deposit facility. The two …
Persistent link: https://www.econbiz.de/10013480191
Neither a gradually rising carbon tax nor emission trading schemes can ensure that the costs of emitting greenhouse gases, in particular CO2, will steadily rise faster than the general price level. If, e.g., global fossil energy prices decline faster than a carbon tax or the emission permit...
Persistent link: https://www.econbiz.de/10014286901
The existing econometric evidence on the relationship between stock indices and real economic activity is inconclusive despite theoretical arguments suggesting a long-term relationship. Previous studies indicate that the link between stock prices and growth became weaker in the 1980s. In this...
Persistent link: https://www.econbiz.de/10014471551
mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear … that the severity of the crisis is influenced strongly by changeable allocations of global savings, which lead to over-pricing … elevated market, credit and liquidity risks. Since its original outbreak induced by the demise of the subprime mortgage market …
Persistent link: https://www.econbiz.de/10011430817
to stay at 0.0 percent in the first half of 2019. But the experts expect the yield of US Treasury bonds to increase from …
Persistent link: https://www.econbiz.de/10011959244
Pessimism determines the experts' predictions for the second and third quarter of 2019 which can be inferred from the downward revisions of the experts' forecasts. All in all, more downward revisions than upward revisions can be found in the forecasts indicating that the experts have interpreted...
Persistent link: https://www.econbiz.de/10011995613
Over the last years, prices for European office space have reached new peaks. This naturally provokes discussion about a possible overheating in the market. One approach to assess price development of real estate markets is the so-called "user cost approach". Typically, this approach is applied...
Persistent link: https://www.econbiz.de/10012056711
Für den IW Financial Expert Survey werden quartalsweise die Volkswirte von Banken und Versicherungen zu ihrer Einschätzung für die kommenden 3 bzw. 6 Monate befragt. Die Auswertung der Prognosen für das 3. Quartal 2016 zeigt, dass die Experten bis zum Jahresende 2017 im Schnitt von höheren...
Persistent link: https://www.econbiz.de/10011686992
This thesis was written by Nadjeschda Katharina Arnold while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in...
Persistent link: https://www.econbiz.de/10011698356