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The Covid-19 Pandemic and policy response rattled the USTreasury markets. Conventional US Treasuries, inflation adjustedUS Treasuries, and the relationship between the two developed inways such that ignoring changes in real interest rates yielded dis-torted inflation expectations estimates....
Persistent link: https://www.econbiz.de/10014558412
We provide a theory of fire sales in which potential buyers are subject to liquidity shocks and frictions that limit their ability to resell assets. The model predictions align with some stylized facts about the large sales of corporate bonds and Treasury securities during the COVID-19 economic...
Persistent link: https://www.econbiz.de/10014564015
Um die gesetzliche Rentenversicherung zu entlasten, wurde mit dem Altersvermögensgesetz (AVmG) zum 01.01.2002 in Deutschland die staatlich geförderte kapitalgedeckte private und betriebliche Altersvorsorge erheblich in ihrem Umfang erweitert. Im Rahmen der privaten Altersvorsorge stellen...
Persistent link: https://www.econbiz.de/10005842145
The finance sector is the lifeblood of any economy and its smooth functioning is central to rapid and inclusive economic growth. A well-functioning financial system must intermediate efficiently between savers and borrowers; manage risks prudently; provide a wide variety of financial services to...
Persistent link: https://www.econbiz.de/10011432850
The entire venture capital sector of Central and Eastern Europe is characterised by the increased weight of state resources. The strengthening of public activities is mainly due to the new type of equity schemes introduced in the European Union's 2007 to 2013 programming period, which allowed...
Persistent link: https://www.econbiz.de/10011444408
The entire venture capital sector of Central and Eastern Europe is characterised by the increased weight of state resources. The strengthening of public activities is mainly due to the new type of equity schemes introduced in the European Union's 2007 to 2013 programming period, which allowed...
Persistent link: https://www.econbiz.de/10011444421
This paper aims to present the main features of an important segment of the Brazilian financial market, the investment funds. These funds, along with insurers and pension funds, constitute the institutional investors or so-called money managers (Minsky, 1989). The arguments are organized as...
Persistent link: https://www.econbiz.de/10011444822
Different segments of a population affected by the same policy intervention may have different responses. We study the role of equilibrium effects on explaining these differences. Our case study is the government's extension of guarantees during the Great Recession to certain debt issuers. We...
Persistent link: https://www.econbiz.de/10011445075
Drei (alters-)armutsrelevante Themen waren ursächlich für die Überlegungen zu einem Vorsorgekonto bei den Trägern der Deutschen Rentenversicherung: die Vermeidung von Armut bei Erwerbsminderung und im Alter, der Aufbau einer auskömmlichen Versorgung trotz der vom Gesetzgeber beschlossenen...
Persistent link: https://www.econbiz.de/10011449575
In the aftermath of the global financial crisis, policymakers in the United States and elsewhere have adopted stress testing as a central tool for supervising large, complex, financial institutions and promoting financial stability. Although supervisory stress testing may confer substantial...
Persistent link: https://www.econbiz.de/10011460694