Das Vertrauen der breiten Masse der Anleger in die Börsenmärkte kommt doch nicht so raschzurück, wie dies aufgrund der letzten beiden exzellenten Börsenjahre zu vermuten gewesen wäre.Dies zeigt eine repräsentative Studie des Institutes für schweizerisches Bankenwesen der...

Alle zwei Jahre will das Bankeninstitut der Universität Zürich wissen, was die Schweizer mit ihrem Vermögen machen. Die überraschende Erkenntnis: Der Anteil an Aktionären ist in den letzten Jahren gesunken.

Die Zahl der Aktionäre in der Schweiz hat seit 2000 spürbar abgenommen. Dies zeigt eineStudie des Swiss Banking Institute der Universität Zürich, welche mit Unterstützung der SWXSwiss Exchange, der Stiftung Ecoscientia und der Vereinigung der SchweizerischenHandels- und Verwaltungsbanken...

The total number of shareholders in Switzerland has declined noticeably since 2000 – this according to the findings by Zurich University’s Swiss Banking Institute in a study conducted under the auspices of the SWX Swiss Exchange, the Ecoscientia Foundation and the Association of Swiss...

The Swiss Banking Institute of the University of Zurich was commissioned by the Association of Swiss Commercialand Investment Banks to carry out a representative survey of equity ownership in Switzerland. The goal of the surveyis to determine the percentage of direct and indirect equity owners...

Recent theoretical work shows that changes in the volatility of inflation and/or unem-ployment affect equilibrium in°ation outcomes when the central banker's loss functionis asymmetric. We show that previous evidence offered in support of the propositionthat the volatility of unemployment helps...

The parameter loss given default (LGD) of loans plays a crucial role for risk-based decision making of banks including risk-adjusted pricing. Depending on the quality of the estimation of LGDs, banks can gain significant competitive advantage. For bank loans, the estimation is usually based on...

This study examines the lead-lag-relationship between European equity and CDSmarkets in the context of the financial crisis. Previous research identified the stock market tolead the CDS market in an ordinary economic environment. Against the background of ourstudy this lead-lag-relationship...

The large spread between equity returns and risk free rates observed in most stock markets (the "equity premium puzzle") has been subject of intense debates. Two main families of models claim to solve this puzzle: habit formation models and loss aversion models. The goal of this paper is to...