Dieses Papier ist eine empirische Untersuchung der Langfristbeziehung der Renditen 10-jähriger Staatsanleihen Deutschlands und zehn weiteren Mitgliedsländern der Europäischen Währungsunion (EWU) vor, nach und während der wichtigsten finanziellen und wirtschaftlichen Ereignisse seit der...

This study draws on machine learning as a means to causal inference for econometric investigation. We utilize the concept of transfer entropy to examine the relationship between the US National Association of Home Builders Index and the S&P CoreLogic Case-Shiller 20 City Composite Home Price...

Purpose: In the current low-interest market environment, more and more asset managers have started to consider to invest in property markets. To implement adequate and forward-looking risk management procedures, this market should be analyzed in more detail. Therefore, this study aims to...

Purpose This paper aims to investigate the long-term relationships of long-term European Monetary Union (EMU) government bond yields. From an asset managers’ or risk managers’ perspective during the euro crisis, the relevance of sovereign credit and redenomination risk became a major issue....