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financial instruments. We study the currency hedging behaviour of the Danish pension sector and show that it differs with …
Persistent link: https://www.econbiz.de/10014564104
The paper provides an overview of the hedge fund industry, mainly from a financial stability and European angle. It is primarily based on an extensive analysis of information from the TASS database. On the positive side of the financial stability assessment, hedge funds have a role as providers...
Persistent link: https://www.econbiz.de/10011606186
This study questions the rationality of people investing in HFs. I use a sample of London listed closed-end hedge funds to evaluate two criteria that imply irrational behavior. I find that the rationality of investors can not be rejected for the majority of time. However, the results also imply...
Persistent link: https://www.econbiz.de/10011428799
: Die Hedgefonds. Deshalb wird sich diese Forschungsarbeit dieser exklusiven Form von Kapitalanlagemöglichkeiten zuwenden …. Bei einer Investition in Hedgefonds hofft man darauf, dass sie Erträge entsprechend den Erwartungen generieren und dabei … den Markt schlagen. Noch konkreter erwartet man, dass Hedgefonds Alpha generieren und ein kaum spürbares Beta haben …
Persistent link: https://www.econbiz.de/10012819803
The existence of under-aided countries, sectors, and sub-national regions – also known as “aid orphans” – implies inefficiencies in the current overall allocation of aid resources. This is of particular concern because aid effectiveness depends not only on how well resources are...
Persistent link: https://www.econbiz.de/10012020633
Schon jetzt sind die sechs Westbalkanländer (WB6) politisch eng mit der EU verbunden. Doch seit Beginn des russischen Angriffskriegs auf die Ukraine rückt nun auch die Frage einer Annäherung der WB6 an die Gemeinsame Außen- und Sicherheitspolitik (GASP) stärker in den Fokus. Die EU sollte...
Persistent link: https://www.econbiz.de/10013550138
Wie steht es um die Qualität der Schätzungen der direkten Bundessteuer durch die Eidgenössische Steuerverwaltung (ESTV) und die Finanzverwaltung (EFV)? Die KOF hat im Auftrag der beiden Verwaltungen deren Einnahmeprognosen einer Analyse unterzogen. Die Überprüfung der Schätzmethode der...
Persistent link: https://www.econbiz.de/10011582438
Eight years have passed since the European Central Bank (ECB) launched its Survey of Professional Forecasters (SPF). The SPF asks a panel of approximately 75 forecasters located in the European Union (EU) for their short- to longer-term expectations for macroeconomic variables such as euro area...
Persistent link: https://www.econbiz.de/10011606211
Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...
Persistent link: https://www.econbiz.de/10011606235