In der Gesetzlichen Rentenversicherung (GRV) gilt gemäß § 158 Abs. 1 SGB VI eine Regel zur Anpassung des Beitragssatzes. Unterschreitet die Nachhaltigkeitsrücklage den Mindestwert von 0,2 Monatsausgaben der GRV, muss der Beitragssatz erhöht werden. Übersteigt sie hinge-gen den Höchstwert...

"We argue that a firm's aggregate risk is a key determinant of whether it manages its future liquidity needs through cash reserves or bank lines of credit. Banks create liquidity for firms by pooling their idiosyncratic risks. As a result, firms with high aggregate risk find it costly to get...

We model corporate liquidity policy and show that aggregate risk exposure is a key determinant of how firms choose between cash and bank credit lines. Banks create liquidity for firms by pooling their idiosyncratic risks. As a result, firms with high aggregate risk find it costly to get credit...