The main focus of this paper is a comprehensive overview of the US$ reference rate reform, with a particular focus on its implications for USD interest rate swaps (IRS). This paper aims to shed light on the current situation and future developments in a changing financial landscape. This paper...

This paper examines how the IBOR Reform affects interest rate swaps (IRS), focusing on Euro and US Dollar. The effects are derived by (1) studying publications from the standard setting bodies behind the reforms and (2) by analyzing swap conventions and clearing eligibility criteria at LCH, CME,...

Retail investors are an essential group in shaping the effects of ESG investing and ESG assets under management are growing at an exponential rate. This study of retail investors' demand generates first evidence on their ESG-relevant decisions. In general, ESG was regarded as a highly...

FX rates are increasingly volatile in recent macroeconomic and geopolitical times of uncertainty. FX risk if not dealt with properly can pose existential threads to companies. Especially fast-growing companies, that have previously not hedged FX risks due to insignificance, need to build up a...

I: Kreditwirtschaft im gesamtwirtschaftlichen Umfeld -- 1. Aufgaben der Banken -- 2. Struktur des Bankgewerbes -- 3. Der Markt für Bankleistungen -- 4. Grundlegende Analysemethoden im Finanzbereich -- II: Leistungen und Dienstleistungen der Kreditinstitute -- 1. Das Konto als Basis der...

1 Grundlagen der Finanztheorie -- 1.1 Gegenwartswerte und Opportunitätskosten -- 1.2 Berechnung von Gegenwartswerten -- 1.3 Gegenwartswerte bei Anleihen und Aktien -- 2 Finanzmathematik -- 2.1 Grundlagen der Effektivverzinsung -- 2.2 Verzinsung von Geldmarktpapieren -- 2.3 Effektivverzinsung...

Exchange Traded Funds (ETF) were established in Europe in 2000 and have grown to a size of over 200 bn US$. Some issuers use a full replication strategy while others prefer a swap based approach. The ETF are dealt parallelly in the primary and in the secondary market, as new ETFs can be created...