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European office markets, user costs and speculative bubbles
Voigtländer, Michael; Schuster, Florian - 2019
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
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Measuring financial integration in the euro area
Baele, Lieven; Ferrando, Annalisa; Hördahl, Peter; … - 2004
In this paper, we present a set of specific measures to quantify the state and evolution of financial integration in the euro area. Five key markets are considered, namely the money, corporate bond, government bond, credit and equity markets. Building upon the law of one price, we developed two...
Persistent link: https://www.econbiz.de/10011606166
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Wind-down of bank trading books: Operational aspects and hidden costs
Santoni, Alessandro; Rossignol, Ghislain; Akhouen, Richard - 2023
The writing of this article predates by several months the failure of Silicon Valley Bank and the takeover of Credit Suisse which occurred in March 2023. It does not represent the views of the European Central Bank (ECB) and should not be construed as linked to or an advice for the winding down...
Persistent link: https://www.econbiz.de/10014374601
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Mietpreisentwicklung bei Gewerbeimmobilien: Zwischen kurzfristigen Herausforderungen und strukturellen Umbrüchen
Oberst, Christian; Voigtländer, Michael - 2023
Die Gewerbeimmobilienmärkte stehen angesichts der konjunkturellen Lage, aber auch angesichts struktureller Umbrüche vor großen Herausforderungen. Vor diesem Hintergrund wird in dem vorliegenden Report die Mietpreisentwicklung bei Einzelhandels- und Büroobjekten untersucht. Betrachtet wird...
Persistent link: https://www.econbiz.de/10014282663
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A perfect storm for European office markets? Potential price effects of the Covid-19 pandemic
Voigtländer, Michael - 2020
The Covid-19 pandemic is not only endangering the health of people worldwide, but is also causing an economic recession. Given past experience, office markets, particularly the prime market, are reacting very strongly to economic downswings. This paper attempts to derive a likely scenario for...
Persistent link: https://www.econbiz.de/10012234012
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On the relevance and perspectives of commercial construction in the EU
Sagner, Pekka; Voigtländer, Michael - 2018
This paper presents the current state of construction investments in the European Union and illustrates its development pre-, during and post- the recent economic and financial crisis. Construction investments were affected strongly by the economic turbulences caused by the crisis. In several EU...
Persistent link: https://www.econbiz.de/10011902058
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Entwicklung von Handlungsempfehlungen für eine kooperative Terminsteuerung bei Bauprojekten
Rodde, Nina - 2020
(Australian Alliancing Contract) findet die terminliche Komponente Eingang in die gemeinsamen Entscheidungen des Projekt-Teams bei … of a building usually takes several years. At the time of signing the contract, it is often not yet clear what exactly … securing claims, rather than seeking solutions. By looking across national borders at other successful contract models, this …
Persistent link: https://www.econbiz.de/10014565931
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Das Wettmonopol in Deutschland: Status Quo und Reformansätze
Maschke, Mario; Schmidt, Ulrich - 2010
This paper focuses on the legal monopoly for sporting bets in Germany. We analyze the pricing behavior of the monopolist ODDSET and find that typical pricing inefficiencies on betting markets are reinforced under the monopoly. This result in conjunction with the decreasing tax revenue may...
Persistent link: https://www.econbiz.de/10010313148
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Esiselvitys yhteiskunnallisesta yrittämisestä: Katsaua yhteiskunnallisiin yrityksiin ja vaikuttavuusinvestoimiseen Suomessa
Kotiranta, Annu; Widgrén, Joona - 2015
The aim of this report has been to produce an analysis of the state of the social enterprises in Finland. Based on a comprehensive survey, there are roughly 19 000 social enterprises in Finland that employ around 125 000 persons. These estimates produced in this report multiply the views on the...
Persistent link: https://www.econbiz.de/10012037666
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Dark pools in European equity markets: Emergence, competition and implications
Petrescu, Monica; Wedow, Michael - 2017
This paper considers the growth of dark pools: trading venues for equities without pre-trade transparency. It first documents the emergence and expansion of dark pools in European equity markets in the context of regulatory changes and increased high-frequency trading (HFT). It finds that the...
Persistent link: https://www.econbiz.de/10011804696