CFS Working Papers

Since January 2013, part of CFS research has moved to the LOEWE Center SAFE, a cooperation of CFS and Goethe University Frankfurt. Please find the SAFE Working Paper Series here.

No.ResearcherTitleCategoryYearKeywords
571 Nikolaus Hautsch, Akos Horvath How Effective are Trading Pauses? Corporate Finance & Financial Markets2017
570 Giulio Fella, Serafin Frache, Winfried Koeniger Buffer-stock saving and households' response to income shocks Corporate Finance & Financial Markets0
569 Torben G. Andersen, Gökhan Cebiroglu, Nikolaus Hautsch Volatility, Information Feedback and Market Microstructure Noise: A Tale of Two Regimes Corporate Finance & Financial Markets2017
568 Joshua Goldstein, Christos Koulovatianos, Jian Li, Carsten Schröder Evaluating How Child Allowances and Daycare Subsidies Affect Fertility Economics and Finance2017
567 Roman Kräussl, Thorsten Lehnert, Denitsa Stefanova The European Sovereign Debt Crisis: What Have We Learned? Corporate Finance & Financial Markets2016
566 Luiz Félix, Roman Kräussl, Philip Stork Single stock call options as lottery tickets Corporate Finance & Financial Markets2016Cumulative prospect theory; Market sentiment; Risk-neutral densities; Call options
565 Luiz Félix, Roman Kräussl, Philip Stork Implied Volatility Sentiment: A Tale of Two Tails Corporate Finance & Financial Markets2016Sentiment, implied volatility skew, equity-risk premium, reversals, predictability
564 Roman Kräussl, Elizaveta Mirgorodskaya The Winner's Curse on Art Markets Corporate Finance & Financial Markets2016Overreaction, winner's curse, pricing estimates, repeat sale, auction, art market
563 Christiane Baumeister, Reinhard Ellwanger, Lutz Kilian Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol? Monetary Policy & Financial Stability2016
562 Thierry Mayer, Marc J. Melitz, Gianmarco Ottaviano Product Mix and Firm Productivity Responses to Trade Competition Corporate Finance & Financial Markets2016
561 Christian Volpe Martincus, Gianmarco Ottaviano, Jeronimo Carballo The Buyer Margins of Firms' Exports Corporate Finance & Financial Markets2016
560 Gianmarco Ottaviano, Giovanni Peri, Greg C. Wright Immigration, Trade and Productivity in Services: Evidence from U.K. Firms Corporate Finance & Financial Markets2016
559 Martin Goetz Competition and Bank Stability Monetary Policy & Financial Stability2016
558 Lutz Hendricks Accounting for Changing Returns to Experience Economics and Finance2016
557 Lutz Hendricks, Todd Schoellman Human Capital and Development Accounting: New Evidence from Wage Gains at Migration Economics and Finance2016
556 Richard Disney, John Gathergood House Prices, Wealth Effects and Labour Supply Economics and Finance2016
555 Salomon Faure, Hans Gersbach Money Creation and Destruction Monetary Policy & Financial Stability0
554 Jill E. Fisch, Tess Wilkinson-Ryan, Kristin Firth Investor Financial Literacy in the Workplace Corporate Finance & Financial Markets0
553 Jill E. Fisch, Stephen J. Choi, Marcel Kahan, Edward B. Rock Does Majority Voting Improve Board Accountability? Corporate Finance & Financial Markets0
552 Jill E. Fisch, Jonah B. Gelbach, Jonathan Klick After Halliburton: Event Studies and Their Role in Federal Securities Fraud Litigation Corporate Finance & Financial Markets0
551 Matthias M. M. Buehlmaier, Josef Zechner Financial Media, Price Discovery, and Merger Arbitrage Corporate Finance & Financial Markets0
550 Paul Schneider, Christian Wagner, Josef Zechner Low Risk Anomalies? Corporate Finance & Financial Markets0
549 Daniel A. Rettl, Alex Stomper, Josef Zechner The Stability of Dividends and Wages: Effects of Competitor Inflexibility Corporate Finance & Financial Markets0
548 Youchang Wu, Russ Wermers, Josef Zechner Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds Corporate Finance & Financial Markets0
547 Thomas Dangl, Josef Zechner Debt Maturity and the Dynamics of Leverage Corporate Finance & Financial Markets0
546 Thomas Dangl, Otto Randl, Josef Zechner Risk Control in Asset Management: Motives and Concepts Corporate Finance & Financial Markets2016
545 Otto Randl, Josef Zechner Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation Monetary Policy & Financial Stability0
544 Alexander Mürmann, Thomas Rauter Prestige and Loan Pricing Corporate Finance & Financial Markets2016
543 Daniela Kremslehner, Alexander Mürmann Asymmetric Information in Automobile Insurance: Evidence from Driving Behavior Corporate Finance & Financial Markets2016
542 Ester Faia Sovereign Risk, Bank Funding and Investors’ Pessimism Corporate Finance & Financial Markets2016
541 Patrick Augustin, Menachem Brenner, Gunnar Grass, Marti G. Subrahmanyam How do Insiders Trade? Monetary Policy & Financial Stability2016
540 Patrick Augustin, Valeri Sokolovski, Marti G. Subrahmanyam, Davide Tomio Why Do Investors Buy Sovereign Default Insurance? Corporate Finance & Financial Markets2016
539 Carlo Altavilla, Marco Pagano, Saverio Simonelli Bank Exposures and Sovereign Stress Transmission Monetary Policy & Financial Stability2016
538 Volker Brühl How to define a Systemically Important Financial Institution (SIFI) – a new perspective Monetary Policy & Financial Stability2016
537 Markus K. Brunnermeier, Sam Langfield, Marco Pagano, Ricardo Reis, Stijn Van Nieuwerburgh, Dimitri Vayanos ESBies: Safety in the Tranches Corporate Finance & Financial Markets2016
536 Günter Beck, Hans-Helmut Kotz, Natalia Zabelina Prices and consumer purchasing preferences at the border: evidence from a multi-country household scanner data set MIGGROPRICES2016
535 Christian Rühl Size and welfare costs of price differences across European countries MIGGROPRICES2016
534 Günter Beck, Sarah M. Lein Microeconometric evidence on demand-side real rigidity and implications for monetary nonneutrality MIGGROPRICES2016
533 Söhnke Bartram, Gregory Brown, René M. Stulz Why does idiosyncratic risk increase with market risk? Corporate Finance & Financial Markets2016
532 Ludger Schuknecht The supply of “safe” assets and fiscal policy Monetary Policy & Financial Stability2016
531 Volker Brühl Die Kosten der Flüchtlingskrise in Deutschland – eine Investition in die Zukunft? Corporate Finance & Financial Markets2016
530 Andrea Zaghini Fragmentation and Heterogeneity in the Euro – Area Corporate Bond Market: Back to normal? Corporate Finance & Financial Markets2016
529 Qing He, Liping Lu, Steven Ongena Who Gains from Credit Granted between Firms? Evidence from Inter-corporate Loan Announcements Made in China Monetary Policy & Financial Stability2016
528 Christina Bannier, Milena Neubert Actual and perceived financial sophistication and wealth accumulation: The role of education and gender Household Finance & Retail Banking2016
527 Dae Woong Kang, Nick Ligthart, Ashoka Mody The European Central Bank: Building a Shelter in a Storm Monetary Policy & Financial Stability2015
526 Peter A. Zadrozny Extended Yule-Walker Identification of Varma Models With Single- Or Mixed Frequency Data Corporate Finance & Financial Markets2015
525 Christiane Baumeister, Lutz Kilian Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still Surprise Us Monetary Policy & Financial Stability2015
524 Roman Kräussl, Thorsten Lehnert, Sigita Senulyte Euro Crash Risk Monetary Policy & Financial Stability2015
523 William Schulze, David Deeds, Robert Wuebker, Roman Kräussl Toward a Pecking Order Theory of Strategic Resource Deployment Monetary Policy & Financial Stability2015Resource Acquisition, Dynamic Capabilities, Venture Capital
522 Ronald Bosman, Roman Kräussl, Elizaveta Mirgorodskaya The “Tone Effect” of News on Investor Beliefs: An Experimental Approach Monetary Policy & Financial Stability2015Tone, News, Framing Effect, Price Expectations, Investor Sentiment, Investment Decisions, Experiment
521 Otmar Issing Completing the Unfinished House: Towards a Genuine Economic and Monetary Union? Monetary Policy & Financial Stability2015
520 Refet S. Gürkaynak, Zeynep Kantur, M. Anil Tas, Secil Yildirim Monetary Policy in Turkey after Central Bank Independence Monetary Policy & Financial Stability2015Turkey, CBRT, monetary policy, fiscal policy
519 Thomas Hintermaier, Winfried Koeniger Household Debt and Crises of Confidence Household Finance & Retail Banking2015Household debt, Consumer confidence, Collateral constraints, Multiple equilibria
518 Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin Accounting-Based Asset Return Smoothing in Participating Life Annuities: Implications for Annuitants, Insurers, and Policymakers Household Finance & Retail Banking2015
517 Andrew Ellul, Marco Pagano, Fabiano Schivardi Employment and Wage Insurance within Firms: Worldwide Evidence Corporate Finance & Financial Markets2015risk-sharing, insurance, social security, unemployment, wages, family firms
516 Nikolaus Hautsch, Rodrigo Herrera Multivariate Dynamic Intensity Peaks-Over-Threshold Models Corporate Finance & Financial Markets2015Extreme value theory, Value-at-Risk, Expected shortfall, Self-exciting point process, Conditional intensity
515 Stefan Gerlach, Peter Kugler Back to Gold: Sterling in 1925 Monetary Policy & Financial Stability2015Gold Standard, Sterling, exchange rate, PPP, expectations
514 Stefan Gerlach, Reamonn Lydon, Rebecca Stuart Unemployment and Inflation in Ireland: 1926-2012 Monetary Policy & Financial Stability2015Ireland, historical statistics, inflation, unemployment, import prices
513 Stefan Gerlach, Rebecca Stuart Money, Interest Rates and Prices in Ireland, 1933-2012 Monetary Policy & Financial Stability2015Ireland, historical statistics, long time series, business cycles, SVAR
512 Jeffrey R. Brown, Chichun Fang, Francisco Gomes Risks and Returns to Education Over Time Household Finance & Retail Banking2015
511 Judit Temesvary, Steven Ongena, Ann Owen A Global Lending Channel Unplugged? Does U.S. Monetary Policy Affect Cross‐Border and Affiliate Lending by Global U.S. Banks? Monetary Policy & Financial Stability2015bank lending channel, monetary transmission, global banking, cross‐country analysis
510 Troy Davig, Refet S. Gürkaynak Is Optimal Monetary Policy Always Optimal? Monetary Policy & Financial Stability2015Central Banking, Monetary Policy, Fiscal Policy, Optimal Policy, Optimal Policy Mix
509 Christina Bannier, Carolin Schürg Corporate Investment, Debt and Liquidity Choices in the Light of Financial Constraints and Hedging Needs Monetary Policy & Financial Stability2015Cash flow sensitivity, investment, debt issuance, cash holdings
508 Carolina Achury, Christos Koulovatianos, John Tsoukalas Political Economics of External Sovereign Defaults Monetary Policy & Financial Stability2015sovereign debt, rent seeking, world interest rates, international lending, incentive compatibility, tragedy of the commons, EU crisis, Grexit, Graccident
507 Tullio Jappelli, Mario Padula The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources Household Finance & Retail Banking2015Severance Pay, Consumption, Wealth Accumulation
506 Volker Brühl, Uwe Walz Das anhaltende Niedrigzinsumfeld in Deutschland Corporate Finance & Financial Markets2015
505 Andrea Silvestrini, Andrea Zaghini Financial Shocks and the Real Economy in a Nonlinear World: From Theory to Estimation Monetary Policy & Financial Stability2015financial crisis, nonlinearities, financial shocks
504 Florian Hense Interest Rate Elasticity of Bank Loans: The Case for Sector-Specific Capital Requirements Monetary Policy & Financial Stability2015Bank loans, disaggregation, interest rate elasticity, macro-prudential tools
503 John Coglianese, Lucas W. Davis, Lutz Kilian, James H. Stock Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand Monetary Policy & Financial Stability2015
502 Lutz Hendricks, Oksana Leukhina How Risky is College Investment? Monetary Policy & Financial Stability, Household Finance & Retail Banking2015Education, College dropout risk
501 Christiane Baumeister, Lutz Kilian Understanding the Decline in the Price of Oil Since June 2014 Monetary Policy & Financial Stability2015Oil price declines, OPEC, oil supply, oil demand, shale oil
500 Christiane Baumeister, Lutz Kilian, Thomas K. Lee Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump Monetary Policy & Financial Stability2015Retail gasoline price, oil market, real-time data, WTI, Brent, survey expectations, expert forecasts, forecast combination
499 Lutz Kilian The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices Financial Stability and Banking Regulation2014Shale oil, unconventional oil, tight oil, infrastructure, export ban, refining, U.S. oil independence, oil sands, capacity constraints, oil trade
498 Pablo Guerron-Quintana, Atsushi Inoue, Lutz Kilian Impulse Response Matching Estimators for DSGE Models Financial Stability and Banking Regulation2014Structural estimation, DSGE, VAR, impulse response, nonstandard asymptotics, bootstrap, weak identi cation, robust inference
497 Winfried Koeniger, Julien Prat Human Capital and Optimal Redistribution Household Finance2014human capital, optimal taxation
496 Maria Bigoni, Gabriele Camera, Marco Casari Money is More than Memory Macro Finance2014Cooperation, intertemporal trade, experiments, social norms, social dilemmas
495 Ronald Bosman, Roman Kräussl, Thomas van Galen Emotions-at-Risk: An Experimental Investigation into Emotions, Option Prices and Risk Perception Financial Stability and Banking Regulation2014Risk perception, emotions, affect heuristic, option prices, experiment
494 Roman Kräussl Art as an Alternative Asset Class: Risk and Return Characteristics of the Middle Eastern & Northern African Art Markets Financial Stability and Banking Regulation2014Alternative investments, Art price index, Optimal Asset Allocation
493 Roman Kräussl, Thorsten Lehnert, Nicolas Martelin Is There a Bubble in the Art Market? Financial Stability and Banking Regulation2014Art market, Alternative investments, Speculative bubbles, Explosive behavior
492 Roman Kräussl, Elizaveta Mirgorodskaya News Media Sentiment and Investor Behavior Financial Stability and Banking Regulation2014Investor behavior, News media sentiment, Financial market crises, Pricing bubbles, Framing e ffects
491 Jill E. Fisch The Broken Buck Stops Here: Embracing Sponsor Support in Money Market Fund Reform Trading and Pricing in Financial Markets2014regulation of financial markets, banking regulation, securities law and regulation, money market funds, mutual funds, MMFs, SEC, securities, net asset value, financial crisis, shadow banking, systemic risk, financial crisis
490 Hans A. Holter, Dirk Krueger, Serhiy Stepanchuk How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves? Monetary Policy and Financial Markets2014Progressive Taxation, Fiscal Policy, Laff er Curve, Government Debt
489 Sylwia Hubar, Christos Koulovatianos, Jian Li Fitting Parsimonious Household-Portfolio Models to Data Monetary Policy and Financial Markets2014Epstein-Zin-Weil recursive preferences, subsistence consumption, household-portfolio shares, business equity, wealth inequality
488 Dimitris Christelis, Dimitris Georgarakos, Anna Sanz-de-Galdeano The Impact of Health Insurance on Stockholding: A Regression Discontinuity Approach Household Finance2014Health Insurance, Medicare, Stockholding, Regression Discontinuity, Household Finance
487 Lutz Hendricks, Oksana Leukhina The Return to College: Selection and Dropout Risk Monetary Policy and Financial Markets2014Education, College premium, College dropout risk
486 Marco Pagano Lessons from the European Financial Crisis Financial Stability and Banking Regulation2014bank regulation, euro, financial crisis, sovereign exposures, forbearance, bank resolution, bank capital requirements
485 Marco Di Maggio, Marco Pagano Financial Disclosure and Market Transparency with Costly Information Processing Trading and Pricing in Financial Markets2014disclosure, transparency, financial literacy, limited attention, OTC markets
484 Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt Do Demographics Prevent Consumer Aggregates from Reflecting Micro-Level Preferences? Monetary Policy and Financial Markets2014Linear Aggregation, Dynamic Representative Consumer, Household-Size Economies, Equivalent Incomes, Survey Method
483 Wanda Mimra, Achim Wambach A Note on Uniqueness in Game-Theoretic Foundations of the Reactive Equilibrium Financial Stability and Banking Regulation2014asymmetric information, competitive insurance market, contract addition, reactive equilibrium
482 Sergei Kovbasyuk, Marco Pagano Advertising Arbitrage Trading and Pricing in Financial Markets2014limits to arbitrage, advertising, price discovery, limited attention
481 Marco Pagano Dealing with Financial Crises: How Much Help from Research? Financial Stability and Banking Regulation2014financial crisis, risk taking, systemic risk, financial regulation, monetary policy, politics
480 Joachim Grammig, Jantje Sönksen Consumption-Based Asset Pricing with Rare Disaster Risk Trading and Pricing in Financial Markets2014equity premium, rare disaster risk, asset pricing, simulated method of moments
479 Joachim Grammig, Eva-Maria Schaub Give Me Strong Moments and Time: Combining GMM and SMM to Estimate Long-Run Risk Asset Pricing Models Trading and Pricing in Financial Markets2014asset pricing, long-run risk, simulated method of moments
478 Anders Warne, Günter Coenen, Kai Christoffel Marginalized Predictive Likelihood Comparisons of Linear Gaussian State-Space Models with Applications to DSGE, DSGE-VAR, and VAR Models Monetary Policy and Financial Markets2014Bayesian inference, density forecasting, Kalman filter, missing data, Monte Carlo integration, predictive likelihood
477 Markus Bibinger, Nikolaus Hautsch, Peter Malec, Markus Reiss Estimating the Spot Covariation of Asset Prices – Statistical Theory and Empirical Evidence Trading and Pricing in Financial Markets2014local method of moments, spot covariance, smoothing, intraday (co-)variation risk
476 Christina Bannier, Markus Wiemann Performance-Sensitive Debt – the Intertwined Effects of Performance Measurement and Pricing Grid Asymmetry Financial Stability and Banking Regulation2014Performance pricing, performance-sensitive debt, accounting data, credit ratings, underinvestment, collateral
475 Christina Bannier, Eberhard Feess, Natalie Packham Incentive Schemes, Private Information and the Double-Edged Role of Competition for Agents Financial Stability and Banking Regulation2014Incentive compensation, screening, imperfect labor market competition, vertical differentiation, cross-subsidy
474 Steven Ongena, Ibolya Schindele, Dzsamila Vonnak In Lands of Foreign Currency Credit, Bank Lending Channels Run Through? Financial Stability and Banking Regulation2014Bank balance-sheet channel, monetary policy, foreign currency lending
473 Fabian Kindermann, Dirk Krueger High Marginal Tax Rates on the Top 1%? Monetary Policy and Financial Markets2014Progressive Taxation, Top 1%, Social Insurance, Income Inequality
472 Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson, John Van Reenen The Costs and Benefits of Leaving the EU Macro Finance2014Trade, European Union, welfare
471 Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession Household Finance2014Wealth Shocks, Unemployment; Consumption, Great Recession
470 Gianmarco Ottaviano European Integration and the Gains from Trade Macro Finance2014Gains from trade, European integration, Quantitative trade models, Gravity equations, Structural estimation
469 Gianmarco Ottaviano, Filipe Lage de Sousa Relaxing Credit Constraints in Emerging Economies: The Impact of Public Loans on the Performance of Brazilian Manufacturers Macro Finance2014heterogeneous firms, productivity, public policy analysis, credit constraints
468 Gökhan Cebiroglu, Nikolaus Hautsch, Ulrich Horst Order Exposure and Liquidity Coordination: Does Hidden Liquidity Harm Price Efficiency? Trading and Pricing in Financial Markets2014liquidity externalities, order flow, trade signaling, limit order book
467 Frank Betz, Nikolaus Hautsch, Tuomas A. Peltonen, Melanie Schienle Systemic Risk Spillovers in the European Banking and Sovereign Network Trading and Pricing in Financial Markets2014systemic risk contribution, tail dependence, network topology, sovereignbank linkages, Value-at-Risk
466 Christiane Baumeister, Lutz Kilian A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude Oil Monetary Policy and Financial Markets2014
465 Christopher D. Carroll, Jonathan A. Parker, Nicholas S. Souleles The Benefits of Panel Data in Consumer Expenditure Surveys Household Finance2014
464 Christopher D. Carroll Representing Consumption and Saving Without A Representative Consumer Household Finance2014
463 Piergiorgio Alessandri, Sergio Masciantonio, Andrea Zaghini Everything you always wanted to know about systemic importance (but were afraid to ask) Monetary Policy and Financial Markets2014
462 Marti G. Subrahmanyam, Dragon Yongjun Tang, Sarah Qian Wang Credit Default Swaps and Corporate Cash Holdings Trading and Pricing in Financial Markets2014
461 Nils Friewald, Rainer Jankowitsch, Marti G. Subrahmanyam To Disclose or not to Disclose: Transparency and Liquidity in the Structured Product Market Trading and Pricing in Financial Markets2014
460 Lutz Kilian, Robert J. Vigfusson The Role of Oil Price Shocks in Causing U.S. Recessions Monetary Policy and Financial Markets2014
459 Simone M. Sepe, Charles K. Whitehead Paying for Risk: Bankers, Compensation, and Competition Law and Economics of Financial Organizations2014
458 Andrej Gill, Matthias Heinz, Heiner Schumacher Trust, Trustworthiness and Selection into the Financial Industry Law and Economics of Financial Organizations2014
457 Laura Moretti Monetary Policy, Long Real Yields and the Financial Crisis Monetary Policy and Financial Markets2014
456 Orcun Kaya, Lulu Wang The Role of Bank Lending Tightening on Corporate Bond Issuance in the Eurozone Financial Stability and Banking Regulation2014
455 Sebastien Betermier, Laurent Calvet, Paolo Sodini Who are the Value and Growth Investors? Household Finance2014
454 Andrea Zaghini Bank Bonds: Size, Systemic Relevance and the Sovereign Monetary Policy and Financial Markets2014
453 Elias Aptus, Volker Britz, Hans Gersbach On the Economics of Crisis Contracts Macro Finance2014
452 John Y. Campbell, Joao Cocco A Model of Mortgage Default Household Finance2014
451 Laura Moretti The determinants of inflation differentials in the euro area Monetary Policy and Financial Markets2014
450 Nikolaus Hautsch, Ostap Okhrin, Alexander Ristig Efficient Iterative Maximum Likelihood Estimation of High-Parameterized Time Series Models Trading and Pricing in Financial Markets2014
449 Engelbert J. Dockner, Manuel Mayer, Josef Zechner Sovereign Bond Risk Premiums Financial Stability and Banking Regulation2013
448 Johann Reindl, Neal Stoughton, Josef Zechner Market Implied Costs of Bankruptcy Financial Stability and Banking Regulation2013
447 Jaewon Choi, Dirk Hackbarth, Josef Zechner Granularity of Corporate Debt Financial Stability and Banking Regulation2013
446 Giuseppe Bertola, Winfried Koeniger Hidden Insurance in a Moral Hazard Economy Household Finance2013
445 Rong Hai, Dirk Krueger, Andrew Postlewaite On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods Monetary Policy and Financial Markets2013
444 Jill E. Fisch, Tess Wilkinson-Ryan Why Do Retail Investors Make Costly Mistakes? An Experiment on Mutual Fund Choice Household Finance2013
443 Christiane Baumeister, Pierre Guérin, Lutz Kilian Do High-Frequency Financial Data Help Forecast Oil Prices? The MIDAS Touch at Work Monetary Policy and Financial Markets2013
442 Brigitte Haar Investor protection through model case procedures – implementing collective goals and individual rights under the 2012 Amendment of the German Capital Markets Model Case Act (KapMuG) Household Finance2013
441 Nikolaus Hautsch, Julia Schaumburg, Melanie Schienle Financial Network Systemic Risk Contributions Trading and Pricing in Financial Markets2013
440 Taras Bodnar, Nikolaus Hautsch Copula-Based Dynamic Conditional Correlation Multiplicative Error Processes Trading and Pricing in Financial Markets2013
439 Arthur Korteweg, Roman Kräussl, Patrick Verwijmeren Does it Pay to Invest in Art? A Selection-corrected Returns Perspective Financial Stability and Banking Regulation2013
438 Luiz Félix, Roman Kräussl, Philip Stork The 2011 European Short Sale Ban on Financial Stocks: A Cure or a Curse? Financial Stability and Banking Regulation2013
437 Michael Aitken, Douglas Cumming, Feng Zhan High Frequency Trading and End-of-Day Price Dislocation Trading and Pricing in Financial Markets2013
436 Michael Aitken, Douglas Cumming, Feng Zhan Exchange Trading Rules, Surveillance and Insider Trading Law and Economics of Financial Organizations2013
435 Tullio Jappelli, Luigi Pistaferri Fiscal Policy and MPC Heterogeneity Household Finance2013
434 Jeffrey V. Butler, Luigi Guiso, Tullio Jappelli Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion Household Finance2013
433 Tullio Jappelli, Mario Padula Investment in Financial Literacy, Social Security and Portfolio Choice Household Finance2013
432 Christiane Baumeister, Lutz Kilian Forecasting the Real Price of Oil in a Changing World: A Forecast Combination Approach Monetary Policy and Financial Markets2013
431 Christiane Baumeister, Lutz Kilian Do Oil Price Increases Cause Higher Food Prices? Monetary Policy and Financial Markets2013
430 Christiane Baumeister, Lutz Kilian, Xiaoqing Zhou Are Product Spreads Useful for Forecasting? An Empirical Evaluation of the Verleger Hypothesis Monetary Policy and Financial Markets2013
429 Hugh H. Kim, Raimond Maurer, Olivia S. Mitchell Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management Household Finance2013
428 Andreas Hubener, Raimond Maurer, Olivia S. Mitchell How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios Household Finance2013
427 Günter Coenen, Anders Warne Risks to Prize Stability, the Zero Lower Bound and Forward Guidance: A Real-Time Assessment Monetary Policy and Financial Markets2013
426 Stefan Mittnik VaR-implied Tail-correlation Matrices Trading and Pricing in Financial Markets2013
425 Hans-Joachim Dübel The Capital Structure of Banks and Practice of Bank Restructuring Financial Stability and Banking Regulation2013
424 Daniele Pianeselli, Andrea Zaghini The Cost of Firms’ Debt Financing Monetary Policy and Financial Markets2013
423 Otmar Issing A New Paradigm for Monetary Policy? Monetary Policy and Financial Markets2013
422 Andrej Gill, Steffen Juranek, Christian Lizarazo, Nikolai Visnjic, Uwe Walz Anreize, systemische Risiken und Intransparenz. Lehren aus der Finanz- und Staatsschuldenkrise Law and Economics of Financial Organizations2013
421 Otmar Issing, Volker Wieland Monetary Theory and Monetary Policy: Reflections on the development over the last 150 years Monetary Policy and Financial Markets2012
420 Laura Moretti, Toru Suzuki Strategic Transparency and Electoral Pressure Financial Stability and Banking Regulation2012
419 Harold L. Cole, Soojin Kim, Dirk Krueger Analyzing the Effects of Insuring Health Risks - On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs Monetary Policy and Financial Markets2012
418 Carmen Lee, Roman Kräussl, Leo Paas The Effect of Anticipated and Experienced Regret and Pride on Investors’ Future Selling Decisions Financial Stability and Banking Regulation2012
417 Roman Kräussl, Stefan Krause Has Europe Been Catching Up? An Industry Level Analysis of Venture Capital Success over 1985–2009 Financial Stability and Banking Regulation2012
416 Robert Wuebker, William Schulze, Roman Kräussl Is Venture Capital a Local Business? A Test of the Proximity and Local Network Hypotheses Financial Stability and Banking Regulation2012
415 Fabian Bornhorst, Ashoka Mody Test of the German Resilience Financial Stability and Banking Regulation2012
414 Adrian Alter, Andreas Beyer The Dynamics of Spillover Effects during the European Sovereign Debt Turmoil Monetary Policy and Financial Markets2012
413 John F. Cogan, John B. Taylor, Volker Wieland, Maik Wolters Fiscal Consolidation Strategy Monetary Policy and Financial Markets2012
412 Athanasios Orphanides, Volker Wieland Complexity and Monetary Policy Monetary Policy and Financial Markets2012
411 Christopher D. Carroll, Jiri Slacalek, Martin Sommer Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects Household Finance2012
410 Marja Liisa Halko, Markku Kaustia Are Risk Preferences Dynamic? Within-subject Variation in Risk-taking as a Function of Background Music Household Finance2012
409 Annamaria Lusardi, Olivia S. Mitchell, Vilsa Curto Financial Sophistication in the Older Population Household Finance2012
408 Holger Kraft, Mogens Steffensen A Dynamic Programming Approach to Constrained Portfolios Household Finance2012
407 Otmar Issing Central Banks - Paradise Lost (Mayekawa Lecture held on May 30, 2012) Monetary Policy and Financial Markets2012
406 Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini Household Debt and Social Interactions Household Finance2012
405 Nikolaus Hautsch, Ruihong Huang On the Dark Side of the Market: Identifying and Analyzing Hidden Order Placements Trading and Pricing in Financial Markets2012
404 Volker Wieland, Tobias Cwik, Sebastian Schmidt, Maik Wolters A New Comparative Approach to Macroeconomic Modeling and Policy Analysis Monetary Policy and Financial Markets2012Going-private Decisions, VC-backed IPOs, Corporate Governance
403 Andrej Gill, Uwe Walz Going Public – Going Private. The Case of VC-backed Firms Law and Economics of Financial Organizations2012Going-private Decisions, VC-backed IPOs, Corporate Governance
402 Laura Moretti Inflation Targeting and Product Market Deregulation Financial Stability and Banking Regulation2012Inflation Targeting, Product Market Deregulation, Difference ind Difference
401 Neil A. Doherty, Christian Laux, Alexander Muermann Insuring Non-Verifiable Losses Financial Stability and Banking Regulation2011
400 Konstantinos Voutsinas, Richard A. Werner New Evidence on the Effectiveness of ‘Quantitative Easing’ in Japan Monetary Policy and Financial Markets2011
399 Victor Lyonnet, Richard A. Werner The Lessons from QE and Other ‘Unconventional’ Monetary Policies – Evidence from the Bank of England Monetary Policy and Financial Markets2011
398 Dimitris Christelis, Loretti I. Dubrescu, Alberto Motta Early Life Conditions and Financial Risk–Taking in Older Age Household Finance2011
397 Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession Household Finance2011
396 Richard A. Werner The Unintended Consequences of the Debt - - - Will Increased Government Expenditure Hurt the Economy? Monetary Policy and Financial Markets2011
395 Nikolaus Hautsch, Peter Malec, Melanie Schienle Capturing the Zero: A New Class of Zero-Augmented Distributions and Multiplicative Error Processes Trading and Pricing in Financial Markets2011
394 Nikolaus Hautsch, Lada M. Kyj, Peter Malec The Merit of High-Frequency Data in Portfolio Allocation Trading and Pricing in Financial Markets2011
393 Jingjing Chai, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply Financial Stability and Banking Regulation2011
392 Stefan Gerlach, Laura Moretti Monetary Policy and TIPS Yields Before the Crisis Monetary Policy and Financial Markets2011
391 Maarten van Rooij, Annamaria Lusardi, Rob Alessie Financial Literacy, Retirement Planning, and Household Wealth Household Finance2011
390 Marcel Bluhm Investigating the Monetary Policy of Central Banks with Assessment Indicators Financial Stability and Banking Regulation2011
389 Marcel Bluhm, Jan Pieter Krahnen Default Risk in an Interconnected Banking System with Endogeneous Asset Markets Financial Stability and Banking Regulation2011
388 Kristian Rydqvist, Joshua Spizman, Ilya Strebulaev The Evolution of Aggregate Stock Ownership Trading and Pricing in Financial Markets2011
387 Azi Ben-Rephael, Jacob Oded, Avi Wohl Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosure Trading and Pricing in Financial Markets2011
386 Christian Andres, André Betzer, Marc Goergen Dividend Policy, Corporate Control and Tax Clienteles The Case of Germany Trading and Pricing in Financial Markets2011
385 Christopher D. Carroll Theoretical Foundations of Buffer Stock Saving Household Finance2011
384 Laura Moretti Transparency and Emerging Market Bond Spreads Financial Stability and Banking Regulation2011
383 Otmar Issing Lessons for Monetary Policy: What Should the Consensus Be? Financial Stability and Banking Regulation2011
382 Charles Goodhart The Emerging New Architecture of Financial Regulation Financial Stability and Banking Regulation2011
381 Xavier Freixas, Christian Laux Disclosure, Transparency, and Market Discipline Financial Stability and Banking Regulation2011
380 Reint Gropp, Christian Hirsch, Jan Pieter Krahnen Is Rated Debt Arm’s Length? Evidence from Mergers and Acquisitions Financial Stability and Banking Regulation2011
379 Hélena Beltran-Lopez, Joachim Grammig, Albert J. Menkveld Limit Order Books and Trade Informativeness Trading and Pricing in Financial Markets2011
378 Joachim Grammig, Erik Theissen, Oliver Wünsche Time and the Price of a Trade: A Structural Approach Trading and Pricing in Financial Markets2011
377 Tullio Jappelli, Mario Padula Investment in Financial Literacy and Saving Decisions Household Finance2011
376 Carolina Achury, Sylwia Hubar, Christos Koulovatianos Saving Rates and Portfolio Choice with Subsistence Consumption Monetary Policy and Financial Markets2011
375 Gerline Fellner, Erik Theissen Short Sale Constraints, Divergence of Opinion and Asset Values: Evidence from the Laboratory Trading and Pricing in Financial Markets2011
374 André Betzer, Jasmin Gider, Daniel Metzger, Erik Theissen Strategic Trading and Trade Reporting by Corporate Insiders Trading and Pricing in Financial Markets2011
373 Joachim Grammig, Eric Theissen Is BEST Really Better? Internalization of Orders in an Open Limit Order Book Trading and Pricing in Financial Markets2011
372 Jördis Hengelbrock, Erik Theissen, Christan Westheide Market Response to Investor Sentiment Trading and Pricing in Financial Markets2011
371 Mathias Hoffmann, Michael U. Krause, Thomas Laubach Long-run Growth Expectations and "Global Imbalace" Monetary Policy and Financial Markets2011
370 Ester Faia Credit Risk Transfers and the Macroeconomy Credit Management & Credit Markets2011
369 Ignazio Angeloni, Ester Faia, Roland Winkler Exit Strategies Credit Management & Credit Markets2011
368 Roman Kräussl, André Lucas, Arjan Siegmann Risk Aversion under Preference Uncertainty Credit Management & Credit Markets2011
367 Carmen Lee, Roman Kräussl, André Lucas, Leo Paas Why Do Investors Sell Losers? How Adaptation to Losses Affects Future Capitulation Decisions Credit Management & Credit Markets2011
366 Steffen Juranek, Uwe Walz Vertical Integration, Competition, and Financial Exchanges: Is there Grain in the Silo? Entrepreneurial Finance2011
365 Marcel Marekwica, Michael Stamos Optimal Life Cycle Portfolio Choice with Housing Market Cycles Household Wealth Management2011
364 Mahmoud Botshekan, Roman Kraeussl, André Lucas Cash Flow and Discount Rate Risk in Up and Down Markets: What Is Actually Priced? Credit Management & Credit Markets2011
363 Nikolaus Hautsch, Peter Malec, Melanie Schienle Capturing the Zero: A New Class of Zero-Augmented Distributions and Multiplicative Error Processes Economics of Exchanges2011
362 Horst Entorf, Christian Knoll, Liliya Sattarova Measuring Confidence and Uncertainty during the Financial Crisis: Evidence from the CFS Survey Trading and Pricing in Financial Markets2011
361 Nikolaus Hautsch, Mark Podolskij Pre-Averaging Based Estimation of Quadratic Variation in the Presence of Noise and Jumps: Theory, Implementation, and Empirical Evidence Economics of Exchanges2011
360 Tullio Jappelli Economic Literacy: An International Comparison Household Wealth Management2011
359 Bartholomäus Ende, Marco Lutat Trade-throughs in European Cross-traded Equities After Transaction Costs Economics of Exchanges2011
358 Terrence Hendershott, Albert J. Menkveld Price Pressures Economics of Exchanges2011
357 Sarah Draus Does Inter-Market Competition Lead to Less Regulation? Economics of Exchanges2011
356 Kai-Oliver Maurer, Carsten Schäfer Analysis of Binary Trading Patterns in Xetra Economics of Exchanges2011
355 Annamaria Lusardi, Olivia S. Mitchell How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness Household Wealth Management2011
354 Annamaria Lusardi, Daniel Schneider, Peter Tufano The Economic Crisis and Medical Care Usage Household Wealth Management2011
353 Annamaria Lusardi, Olivia S. Mitchell, Vilsa Curto Financial Literacy among the Young: Evidence and Implications for Consumer Policy Household Wealth Management2011
352 Volker Wieland, Maik H. Wolters The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy Central Banking & Monetary Economics2011
351 Antje Brunner, Jan Pieter Krahnen Hold-Up in Multiple Banking: Evidence from SME Lending Credit Management & Credit Markets2011
350 Roman Kräussl, André Lucas, David R. Rijsbergen, Pieter Jelle van der Sluis, Evert B. Vrugt Washington Meets Wall Street: A Closer Examination of the Presidential Cycle Puzzle Credit Management & Credit Markets2011
349 Sander J.J. Konijn, Roman Kräussl, André Lucas Blockholder Dispersion and Firm Value Credit Management & Credit Markets2011
348 Narasimhan Jegadeesh, Roman Kräussl, Joshua Pollet Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices Credit Management & Credit Markets2011
347 Roman Kräussl, Christian Wiehenkamp A Call on Art Investments Credit Management & Credit Markets2011
346 Roman Kräussl, Stefan Krause Are particular industries more likely to succeed? A comparative analysis of VC investment in the U.S. and Europe Credit Management & Credit Markets2011
345 Nikolaus Hautsch, Dieter Hess, David Veredas The Impact of Macroeconomic News on Quote Adjustments, Noise, and Informational Volatility Economics of Exchanges2011
344 Günter Beck, Kirstin Hubrich, Massimiliano Marcellino On the Importance of Sectoral Shocks for Price-setting Central Banking & Monetary Economics2009
343 Axel Groß-Klußmann, Nikolaus Hautsch Quantifying High-Frequency Market Reactions to Real-Time News Sentiment Announcements Economics of Exchanges2009
342 Volker Wieland Quantitative Easing: A Rationale and Some Evidence from Japan Central Banking & Monetary Economics2009
341 Dimitris Georgarakos, Giacomo Pasini Trust, Sociability and Stock Market Participation Household Wealth Management2009
340 Dimitris Christelis, Dimitris Georgarakos Investing at Home and Abroad: Different Costs, Different People? Household Wealth Management2009
339 Erik Theissen Price Discovery in Spot and Futures Markets: A Reconsideration Economics of Exchanges2009
338 Volker Wieland Fiscal Stimulus and the Promise of Future Spending Cuts: A Comment Central Banking & Monetary Economics2009
337 Tobias Cwik, Volker Wieland Keynesian Government Spending Multipliers and Spillovers in the Euro Area Central Banking & Monetary Economics2009
336 Otmar Issing Politischer Wille oder ökonomisches Gesetz? - Einige Anmerkungen zu einem großen Thema - Central Banking & Monetary Economics2009
335 Nikolaus Hautsch, Ruihong Huang The Market Impact of a Limit Order Economics of Exchanges2009
334 Christian Laux, Christian Leuz Did Fair-Value Accounting Contribute to the Financial Crisis? Insurance & Risk Transfer2009
333 John B. Taylor, Volker Wieland Surprising Comparative Properties of Monetary Models: Results from a New Data Base Central Banking & Monetary Economics2009
332 Nikolaus Hautsch, Lada M. Kyj, Roel C.A. Oomen A Blocking and Regularization Approach to High Dimensional Realized Covariance Estimation Economics of Exchanges2009
331 Günter Beck, Volker Wieland Money in Monetary Policy Design: Monetary Cross-Checking in the New-Keynesian Model Central Banking & Monetary Economics2009
330 Wolfgang Karl Härdle, Nikolaus Hautsch, Andrija Mihoci Modelling and Forecasting Liquidity Supply Using Semiparametric Factor Dynanmics Economics of Exchanges2009
329 John F. Cogan, Tobias Cwik, John B. Taylor, Volker Wieland New Keynesian versus Old Keynesian Government Spending Multipliers Central Banking & Monetary Economics2009
328 Christopher D. Carroll Precautionary Saving and the Marginal Propensity to Consume Out of Permanent Income Household Wealth Management2009
327 Christopher D. Carroll, Olivier Jeanne A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds Household Wealth Management2009
326 Christopher D. Carroll, Patrick Toche A Tractable Model of Buffer Stock Saving Household Wealth Management2009
325 Jan Pieter Krahnen, Günter Franke Instabile Finanzmärkte Credit Management & Credit Markets2009
324 Christopher D. Carroll, Jiri Slacalek The American Consumer: Reforming, Or Just Resting? Household Wealth Management2009
323 Jan Pieter Krahnen, Christian Wilde CDOs and Systematic Risk: Why Bond Ratings are Inadequate Credit Management & Credit Markets2009
322 Peter Gomber, Markus Gsell Electronic Markets, Algorithmic Trading, Order Submission, Securities Trading Economics of Exchanges2009
321 Christian Laux, Christian Leuz The Crisis of Fair Value Accounting: Making Sense of the Recent Debate Insurance & Risk Transfer2009
320 Annamaria Lusardi, Peter Tufano Debt Literacy, Financial Experiences, and Overindebtedness Household Wealth Management2009
319 Carsten Bienz, Julia Hirsch, Uwe Walz Governance und Vertragsstrukturen in der deutschen VC Industrie: Eine empirische Einschätzung Entrepreneurial Finance2009
318 Patrick Herbst, Uwe Walz The Design of Vertical R&D Collaborations Entrepreneurial Finance2009
317 Carsten Bienz, Uwe Walz Venture Capital Exit Rights Entrepreneurial Finance2009
316 Andreas Hackethal, Michael Haliassos, Tullio Jappelli Financial Advisors: A Case of Babysitters? Household Wealth Management2009
315 Nikolaus Hautsch, Yangguoyi Ou Analyzing Interest Rate Risk: Stochastic Volatility in the Term Structure of Government Bond Yields Economics of Exchanges2009
314 Dimitris Christelis, Dimitris Georgarakos, Michael Haliassos Stockholding: From Participation to Location and to Participation Spillovers Household Wealth Management2009
313 Andreas Beyer, Vítor Gaspar, Christina Gerberding, Otmar Issing Opting out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods Central Banking & Monetary Economics2009
312 Dimitris Christelis, Dimitris Georgarakos Household Economic Decisions under the Shadow of Terrorism Household Wealth Management2008
311 Giuseppe Bertola, Anna Lo Prete Openness, Financial Markets, and Policies: Cross-Country and Dynamic Patterns Household Wealth Management2008
310 Christian Laux Corporate Insurance Design with Multiple Risks and Moral Hazard Insurance & Risk Transfer2008
309 Gunther Wuyts The Impact of Liquidity Shocks Through the Limit Order Book Economics of Exchanges2008
308 Azi Ben-Rephael, Ohad Kadan, Avi Wohl The Diminishing Liquidity Premium Economics of Exchanges2008
307 Otmar Issing The Euro – A Currency without a State2008
306 Joachim Grammig, Franziska J. Peter International Price Discovery in the Presence of Microstructure Noise Economics of Exchanges2008
305 Markus Gsell Assessing the Impact of Algorithmic Trading on Markets: A Simulation Approach Economics of Exchanges2008
304 Stefan Frey, Patrik Sandas The Impact of Hidden Liquidity in Limit Order Books Economics of Exchanges2008
303 Albert J. Menkveld, Asani Sarkar, Michel van der Wel Customer Flow, Intermediaries, and the Discovery of the Equilibrium Riskfree Rate Economics of Exchanges2008
302 Mark Van Achter Dynamic Limit Order Market with Diversity in Trading Horizons Household Wealth Management2008
301 Michael S. Pagano, Lin Peng, Robert A. Schwartz The Quality of Price Formation at Market Openings and Closings: Evidence from the Nasdaq Stock Market Economics of Exchanges2008
300 David Reiffen, Michel Robe Demutualization and Enforcement Incentives at Self-regulatory Financial Exchanges Economics of Exchanges2008
299 Craig Pirrong The Industrial Organization of Execution, Clearing and Settlement in Financial Markets Economics of Exchanges2008
298 Thorsten V. Koeppl, Cyril Monnet Central Counterparties Economics of Exchanges2008
297 Terrence Hendershott, Charles M. Jones, Albert J. Menkveld Does Algorithmic Trading Improve Liquidity? Economics of Exchanges2008
296 Jonathan Field, Jeremy Large Pro-Rata Matching and One-Tick Futures Markets Economics of Exchanges2008
295 Giovanni Cespa, Thierry Foucault Insiders-Outsiders, Transparency and the Value of the Ticker Economics of Exchanges2008
294 Rachel J. Huang, Alexander Muermann, Larry Y. Tzeng Hidden Regret in Insurance Markets: Adverse and Advantageous Selection Insurance & Risk Transfer2008
293 Alexander Muermann, Stephen H. Shore Monopoly Power Limits Hedging Insurance & Risk Transfer2008
292 Roman Inderst Retail Finance: Bringing in the Supply Side Credit Management & Credit Markets2008
291 Dimitris Christelis, Tullio Jappelli, Mario Padula Cognitive Abilities and Portfolio Choice Household Wealth Management2008
290 Martin Brown, Tullio Jappelli, Marco Pagano Information Sharing and Credit: Firm-Level Evidence from Transition Countries Household Wealth Management2008
289 Tullio Jappelli, Marco Pagano Financial Market Integration Under EMU Household Wealth Management2008
288 Francis X. Diebold, Georg H. Strasser On the Correlation Structure of Microstructure Noise in Theory and Practice Risk Management2008
287 Günter Franke, Jan Pieter Krahnen The Future of Securitization - REVISED VERSION Credit Management & Credit Markets2008
286 Katrin Assenmacher-Wesche, Stefan Gerlach Financial Structure and the Impact of Monetary Policy on Asset Prices Central Banking & Monetary Economics2008
285 Tobias J. Cwik, Gernot J. Müller, Maik H. Wolters Does Trade Integration Alter Monetary Policy Transmission? Central Banking & Monetary Economics2008
284 Nikolaus Hautsch, Dieter Hess, Christoph Müller Price Adjustment to News with Uncertain Precision Economics of Exchanges2008
283 Francis X. Diebold, Canlin Li, Vivian Z. Yue Global Yield Curve Dynamics and Interactions: A Dynamic Nelson-Siegel Approach Risk Management2008
282 Francis X. Diebold, Kamil Yilmaz Measuring Financial Asset Return and Volatilty Spillovers, with Application to Global Equity Markets Risk Management2008
281 Günter Beck, Volker Wieland Central Bank Misperceptions and the Role of Money in Interest Rate Rules Central Banking & Monetary Economics2008
280 Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt Confronting the Robinson Crusoe paradigm with household-size heterogeneity Central Banking & Monetary Economics2008
279 Jin Cao, Gerhard Illing Endogenous Systemic Liquidity Risk Central Banking & Monetary Economics2008
278 Zeno Enders, Gernot J. Müller, Almut Scholl How do Fiscal and Technology Shocks affect Real Exchange Rates? New Evidence from the United States Central Banking & Monetary Economics2008
277 Miriam Sperl Quantifying the Efficiency of the Xetra LOB Market Economics of Exchanges2008
276 Maria Concetta Chiuri, Tullio Jappelli Do the elderly reduce housing equity? An international comparison Household Wealth Management2008
275 Annamaria Lusardi Financial Literacy: An Essential Tool for Informed Consumer Choice? Household Wealth Management2008
274 Annamaria Lusardi Increasing the Effectiveness of Financial Education in the Workplace Household Wealth Management2008
273 Volker Wieland Learning, Endogenous Indexation and Disinflation in the New-Keynesian Model Central Banking & Monetary Economics2008
272 Athanasios Orphanides, Volker Wieland Economic Projections and Rules-of-Thumb for Monetary Policy Central Banking & Monetary Economics2008
271 Jan Pieter Krahnen, Christian Wilde Risk Transfer with CDOs Credit Management & Credit Markets2008
270 Stefan Mittnik, Tina Yener Value-at-Risk and Expected Shortfall for Rare Events Risk Management2008
269 Serena Lamartina, Andrea Zaghini Increasing Public Expenditures: Wagner’s Law in OECD Countries Central Banking & Monetary Economics2008
268 Jürgen Gaul, Erik Theissen A Partially Linear Approach to Modelling the Dynamics of Spot and Futures Prices Economics of Exchanges2008
267 Niels van Elsland, Roman Kräussl Constructing the True Art Market Index - A Novel 2-Step Hedonic Approach and its Application to the German Art Market Credit Management & Credit Markets2008
266 Roman Kräussl, Alan Muller Do Markets Love Misery? Stock Prices and Corporate Philanthropic Disaster Response Credit Management & Credit Markets2008
265 Christopher D. Carroll, Jirka Slacalek, Martin Sommer International Evidence On Sticky Consumption Growth Household Wealth Management2008
264 Markus Haas, Stefan Mittnik Multivariate Regime–Switching GARCH with an Application to International Stock Markets Risk Management2008
263 Markus Haas, Stefan Mittnik, Mark S. Paolella Asymmetric Multivariate Normal Mixture GARCH Risk Management2008
262 Charles Grant, Christos Koulovatianos, Alex Michaelides, Mario Padula Evidence on the Insurance Effect of Marginal Income Taxes Central Banking & Monetary Economics2008
261 Dimitris Christelis, Dimitris Georgarakos, Michael Haliassos Economic Integration and Mature Portfolios Household Wealth Management2008
260 Elena Carletti, Philipp Hartmann, Steven Onega The Economic Impact of Merger Control Legislation Credit Management & Credit Markets2008
259 Annamaria Lusardi, Olivia S. Mitchell Planning and Financial Literacy: How Do Women Fare? Household Wealth Management2008
258 Christian Hirsch, Christina Bannier The Economics of Rating Watchlists: Evidence from Rating Changes Credit Management & Credit Markets2008
257 Sumit Agarwal, Chunlin Liu, Nicholas Souleles The Reaction of Consumer Spending and Debt to Tax Rebates – Evidence from Consumer Credit Data Household Wealth Management2008
256 Todd Sinai, Nicholas Souleles Net Worth and Housing Equity in Retirement Household Wealth Management2007
255 Annamaria Lusardi, Olivia S. Mitchell Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel Household Wealth Management2007
254 Giuseppe Bertola, Stefan Hochguertel Household Debt and Credit: Economic Issues and Data Problems Household Wealth Management2007
253 Giuseppe Bertola Finance and Welfare States in Globalizing Markets Household Wealth Management2007
252 Tullio Jappelli, Mario Padula Households' Saving and Debt in Italy Household Wealth Management2007
251 Tullio Jappelli, Mario Padula, Luigi Pistaferri A Direct Test of the Buffer-Stock Model of Saving Household Wealth Management2007
250 Annamaria Lusardi Household Saving Behavior: The Role of Literacy, Information and Financial Education Programs Household Wealth Management2007
249 Maarten van Rooij, Annamaria Lusardi, Rob J. M. Alessie Financial Literacy and Stock Market Participation Household Wealth Management2007
248 Franklin Allen, Elena Carletti, Robert Marquez Stakeholder Capitalism, Corporate Governance and Firm Value Credit Management & Credit Markets2007Firm Objective, Bankruptcy, Competition, Stakeholder Governance
247 Nikolaus Hautsch Capturing Common Components in High-Frequency Financial Time Series: A Multivariate Stochastic Multiplicative Error Model Economics of Exchanges2007
246 Christian Offermanns, Marcus Pramor The CFS International Capital Flow Database: A User’s Guide International Economics2007
245 Michael Binder, Christian Offermanns International Investment Positions and Exchange Rate Dynamics: A Dynamic Panel Analysis International Economics2007
244 Howard Kunreuther, Alexander Muermann Self-Protection and Insurance with Interdependencies Insurance & Risk Transfer2007
243 Wolfram J. Horneff, Raimond Maurer, Olivia S. Mitchell, Michael Z. Stamos Money in Motion: Dynamic Portfolio Choice in Retirement Household Wealth Management2007
242 Bea Canto, Roman Kräussl Electronic Trading Systems and Intraday Non-Linear Dynamics: An Examination of the FTSE 100 Cash and Futures Returns Economics of Exchanges2007
241 Maria Kasch-Haroutounian, Erik Theissen Competition between Exchanges: Euronext versus Xetra Economics of Exchanges2007
240 Günter Beck, Volker Wieland Money in Monetary Policy Design under Uncertainty: A Formal Characterization of ECB-Style Cross-Checking Central Banking & Monetary Economics2007
239 Günter Beck, Volker Wieland Money in Monetary Policy Design under Uncertainty: The Two-Pillar Phillips Curve versus ECB-Style Cross-Checking Central Banking & Monetary Economics2007Monetary Policy, Quantity Theory, Phillips Curve, European Central Bank, Policy Under Uncertainty
238 Silvio Colarossi, Andrea Zaghini Gradualism, Transparency and Improved Operational Framework: A Look at the Overnight Volatility Transmission Central Banking & Monetary Economics2007
237 Annamaria Lusardi, Olivia S. Mitchell Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education Programs Household Wealth Management2007
236 Jean Boivin, Marc P. Giannoni, Ilian Mihov Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data Central Banking & Monetary Economics2007
235 Virgiliu Midrigan Menue Costs, Mulit-Product Firms, and Aggregate Fluctautions Central Banking & Monetary Economics2007
234 Michael Woodford Robustly Optimal Monetary Polica with Near-Rational Expectations Central Banking & Monetary Economics2007
233 Lars E.O. Svensson, Noah Williams Bayesian and Adaptive Optimal Policy under Model Uncertainty Central Banking & Monetary Economics2007
232 Alessandro Calza, Tommaso Monacelli, Livio Stracca Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? Central Banking & Monetary Economics2007
231 Mark Gertler, Antonella Trigari Unemployment Fluctuations with Staggered Nash Bargaining Central Banking & Monetary Economics2007
230 Olivier Blanchard, Jordi Galí A New Keynesian Model with Unemployment Central Banking & Monetary Economics2007
229 Kai Christoffel, Keith Kuester, Tobias Linzert Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model Central Banking & Monetary Economics2007
228 Gauti B. Eggertsson, Benjamin Pugsley The Mistake of 1937: A General Equilibrium Analysis Central Banking & Monetary Economics2007
227 Michael Bordo, Christopher Erceg, Andrew Levin, Ryan Michaels Three Great American Disinflations Central Banking & Monetary Economics2007
226 Michael Sonnenholzner, Achim Wambach On the Role of Patience in an Insurance Market with Asymmetric Information Insurance & Risk Transfer2007
225 Michael Binder, Volker Wieland The European Central Bank International Economics, Central Banking & Monetary Economics2007
224 Francis X. Diebold, Kamil Yilmaz Measuring Financial Asset Return and Volatility Spillovers, With Application to Global Equity Markets Risk Management2007
223 Günter Beck, Kirsten Hubrich, Massimiliano Marcellino Regional Inflation Dynamics within and across Euro Area Countries and a Comparison with the US Central Banking & Monetary Economics2007
222 Christopher D. Carroll, Misuzu Otsuka, Jirka Slacalek How Large Is the Housing Wealth Effect? A New Approach Household Wealth Management2006
221 Giuseppe Bertola, Winfried Koeniger Consumption Smoothing and Income Redistribution Household Wealth Management2006
220 Siem Jan Koopman, Roman Kräussl, André Lucas, André Monteiro Credit Cycles and Macro Fundamentals Credit Management & Credit Markets2006
219 Rachel A. Campbell, Roman Kräussl Does Patience Pay? Empirical Testing of the Option to Delay Accepting a Tender Offer in the U.S. Banking Sector Credit Management & Credit Markets2006
218 Rachel A. Campbell, Roman Kräussl Revisiting the Home Bias Puzzle. Downside Equity Risk Credit Management & Credit Markets2006
217 Joao Miguel Sousa, Andrea Zaghini Global Monetary Policy Shocks in the G5: A SVAR Approach Central Banking & Monetary Economics2006
216 Julia Hirsch Public Policy and Venture Capital Financed Innovation: A Contract Design Approach Entrepreneurial Finance2006
215 Christian Gollier, Alexander Muermann Optimal Choice and Beliefs with Ex Ante Savoring and Ex Post Disappointment Insurance & Risk Transfer2006
214 Christian Laux, Uwe Walz Tying Lending and Underwriting: Scope Economies, Incentives, and Reputation Entrepreneurial Finance, Insurance & Risk Transfer2006
213 Christian Laux, Alexander Muermann Mutual versus Stock Insurers: Fair Premium, Capital, and Solvency Insurance & Risk Transfer2006
212 Bea Canto, Roman Kräussl Stock Market Interactions and the Impact of Macroeconomic News – Evidence from High Frequency Data of European Futures Markets Credit Management & Credit Markets2006
211 Toker Doganoglu, Christoph Hartz, Stefan Mittnik Portfolio Optimization when Risk Factors are Conditionally Varying and Heavy Tailed Risk Management2006
210 Christoph Hartz, Stefan Mittnik, Marc S. Paolella Accurate Value-at-Risk Forecast with the (good) old Normal-GARCH Model Risk Management2006
209 Dirk Krueger, Hanno Lustig, Fabrizio Perri Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data Central Banking & Monetary Economics2006
208 Juan Carlos Conesa, Sagiri Kitao, Dirk Krueger Taxing Capital? Not a Bad Idea After All! Central Banking & Monetary Economics2006
207 Annamaria Lusardi, Olivia S. Mitchell Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth Household Wealth Management2006
206 Carol Bertaut, Michael Haliassos Credit Cards: Facts and Theories Household Wealth Management2006
205 Dirk Krueger, Alexander Ludwig On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare Central Banking & Monetary Economics2006
204 Franklin Allen, Elena Carletti Mark-to-Market Accounting and Liquidity Pricing Credit Management & Credit Markets2006
203 Erik Hurst, Arthur Kennickell, Annamaria Lusardi, Francisco Torralba Precautionary Savings and the Importance of Business Owners Household Wealth Management2006
202 Arthur Kennickell, Annamaria Lusardi Disentangling the Importance of the Precautionary Saving Motive Household Wealth Management2006
201 Yanis Bilias, Dimitris Georgarakos, Michael Haliassos Portfolio Inertia and Stock Market Fluctuations Household Wealth Management2006
200 Lars Jonung, Ludger Schuknecht, Mika Tujula The Boom-Bust Cycle in Finland and Sweden 1984-1995 in an International Perspective Central Banking & Monetary Economics2006
199 Julia Hirsch, Uwe Walz Why Do Contracts Differ between VC Types? Market Segmentation versus Corporate Governance Varieties Entrepreneurial Finance2006
198 Carsten Bienz, Julia Hirsch The Dynamics of Venture Capital Contracts Entrepreneurial Finance2006
197 Renata Bottazzi, Tullio Jappelli, Mario Padula Retirement Expectations, Pension Reforms, and Their Impact on Private Wealth Accumulation Household Wealth Management2006
196 Markus Haas, Stefan Mittnik, Marc S. Paolella Multivariate Normal Mixture GARCH Risk Management2006
195 Elena Carletti, Philipp Hartmann, Giancarlo Spagnolo Bank Mergers, Competition and Liquidity Credit Management & Credit Markets2006
194 Alexander Muermann, Stephen H. Shore Strategic Trading and Manipulation with Spot Market Power Insurance & Risk Transfer2006
193 Jan Pieter Krahnen, Frank A. Schmid, Erik Theissen Investment Performance and Market Share: A Study of the German Mutual Fund Industry Credit Management & Credit Markets2006
192 Jan Pieter Krahnen Die Stabilität von Finanzmärkten - Wie kann die Wirtschaftspolitik Vertrauen schaffen? Credit Management & Credit Markets2006
191 Jan Pieter Krahnen, Christian Wilde Risk Transfer with CDOs and Systemic Risk in Banking Credit Management & Credit Markets2006
190 Panos Parpas, Berc Rustem, Volker Wieland, Stan Zakovic Mean Variance Optimization of Non-Linear Systems and Worst-case Analysis Central Banking & Monetary Economics2006
189 Christopher D. Carroll, Miles S. Kimball Precautionary Saving and Precautionary Wealth Household Wealth Management2006
188 M. Hashem Pesaran Market Efficiency Today International Economics2006
187 Fulvio Corsi, Uta Kretschmer, Stefan Mittnik, Christian Pigorsch The Volatility of Realized Volatility Risk Management2005
186 Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Nicholas S. Souleles Do Consumers Choose the Right Credit Contracts? Household Wealth Management2005
185 Günter Beck, Axel A. Weber Inflation Rate Dispersion and Convergence in Monetary and Economic Unions: Lessons for the ECB Central Banking & Monetary Economics2005
184 Axel A. Weber, Günter Beck Price Stability, Inflation Convergence and Diversity in EMU: Does One Size Fit All? Central Banking & Monetary Economics2005
183 Luigi Guiso, Tullio Jappelli Awareness and Stock Market Participation Household Wealth Management2005
182 Tullio Jappelli, Luigi Pistaferri Intertemporal Choice and Consumption Mobility Household Wealth Management2005
181 Luigi Guiso, Paola Sapienza, Luigi Zingales Trusting the Stock Market Household Wealth Management2005
180 Michael Haliassos, Michael Reiter Credit Card Debt Puzzles Household Wealth Management2005
179 Franklin Allen, Elena Carletti Credit Risk Transfer and Contagion Credit Management & Credit Markets2005
178 Neil A. Doherty, Alexander Muermann Insuring the Uninsurable: Brokers and Incomplete Insurance Contracts Insurance & Risk Transfer2005
177 Franklin Allen, Elena Carletti, Robert Marquez Credit Market Competition and Capital Regulation Credit Management & Credit Markets2005
176 Sean D. Campbell, Francis X. Diebold Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence Risk Management2005
175 Silke Brandts, Christian Laux ART Versus Reinsurance: The Disciplining Effect of Information Insensitivity Insurance & Risk Transfer2005
174 Yannis Bilias, Dimitris Georgarakos, Michael Haliassos Equity Culture and the Distribution of Wealth Household Wealth Management2005
173 Yunus Aksoy, Athanasios Orphanides, David Small, Volker Wieland, David Wilcox A Quantitative Exploration of the Opportunistic Approach to Disinflation Central Banking & Monetary Economics2005
172 Christopher D. Carroll The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems Household Wealth Management2005
171 Roberto M. Billi The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates Central Banking & Monetary Economics2005
170 Klaus Adam, Roberto M. Billi Discretionary Monetary Policy and the Zero Lower Bound on Nominal Interest Rates Central Banking & Monetary Economics2005
169 Dirk Krueger, Fabrizio Perri Does Income Inequality Lead to Consumption Inequality? Evidence and Theory Central Banking & Monetary Economics2005
168 Berc Rustem, Volker Wieland, Stan Zakovic Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design Central Banking & Monetary Economics2005
167 Keith Kuester, Volker Wieland Insurance Policies for Monetary Policy in the Euro Area Central Banking & Monetary Economics2005
166 Dirk Krueger, Felix Kubler Pareto Improving Social Security Reform when Financial Markets are Incomplete!? Central Banking & Monetary Economics2005
165 Markus Haas, Stefan Mittnik, Marc S. Paolella Modeling and Predicting Market Risk With Laplace-Gaussian Mixture Distributions Risk Management2005
164 Juan Carlos Conesa, Dirk Krueger On the Optimal Progressivity of the Income Tax Code Central Banking & Monetary Economics2005
163 Markus Haas, Stefan Mittnik, Bruce Mizrach Assessing Central Bank Credibility During the ERM Crises: Comparing Option and Spot Market-Based Forecasts Risk Management2005
162 Torben G. Andersen, Tim Bollerslev, Peter F. Christoffersen, Francis X. Diebold Volatility Forecasting Risk Management2005
161 Dirk Krueger, Harald Uhlig Competitive Risk Sharing Contracts with One-Sided Commitment Central Banking & Monetary Economics2005
160 Günter Franke, Jan Pieter Krahnen Default Risk Sharing Between Banks and Markets: The Contribution of Collateralized Debt Obligations Credit Management & Credit Markets2005
159 Jan Pieter Krahnen Der Handel von Kreditrisiken: Eine neue Dimension des Kapitalmarktes Credit Management & Credit Markets2005
158 Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Ginger Wu A Framework for Exploring the Macroeconomic Determinants of Systematic Risk Risk Management2005
157 Francis X. Diebold, Monika Piazzesi, Glenn D. Rudebusch Modeling Bond Yields in Finance and Macroeconomics Risk Management2005
156 Torben G. Andersen, Tim Bollerslev, Peter F. Christoffersen, Francis X. Diebold Practical Volatility and Correlation Modeling for Financial Market Risk Management Risk Management2005
155 David E. Lindsey, Athanasios Orphanides, Robert H. Rasche The Reform of October 1979: How It Happened and Why Central Banking & Monetary Economics2005
154 Eberhard Feess, Ulrich Hege The Basel II Accord: Internal Ratings and Bank Differentiation Financial Stability and Banking Regulation2004
153 Athanasios Orphanides, John C. Williams The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations Central Banking & Monetary Economics2004
152 Jordi Galí, J. David López-Salidoz, Javier Vallés Understanding the Effects of Government Spending on Consumption Central Banking & Monetary Economics2004
151 Robert G. King, Alexander L. Wolman Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria CFS Finanzplatzindex2004
150 Andreas Jobst The Basle Securitisation Framework Explained: The Regulatory Treatment of Asset Securitisation Financial Stability and Banking Regulation2004
149 Lars Norden, Martin Weber The comovement of credit default swap, bond and stock markets: an empirical analysis Trading and Pricing in Financial Markets2004
148 Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Clara Vega Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets Trading and Pricing in Financial Markets2004
147 Elena Carletti, Vittoria Cerasi, Sonja Daltung Multiple-bank lending: diversification and free-riding in monitoring Law and Economics of Financial Organizations2004
146 Douglas Cumming, Daniel Schmidt, Uwe Walz Legality and Venture Governance Around the World Law and Economics of Financial Organizations2004
145 Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Jin Wu Realized Beta: Persistence and Predictability Trading and Pricing in Financial Markets2004
144 Klaus Adam, George W. Evans, Seppo Honkapohja Are Stationary Hyperinflation Paths Learnable? Central Banking & Monetary Economics2004
143 Günter Coenen, Volker Wieland Exchange-Rate Policy and the Zero Bound on Nominal Interest Central Banking & Monetary Economics2004
142 Klaus Adam, Roberto M. Billi Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates Central Banking & Monetary Economics2004
141 Daniel Schmidt Private equity-, stock- and mixed asset-portfolios: A bootstrap approach to determine performance characteristics, diversification benefits and optimal portfolio allocations Trading and Pricing in Financial Markets2004
140 Francis X. Diebold The Nobel Memorial Prize for Robert F. Engle Trading and Pricing in Financial Markets2004
139 Sean D. Campbell, Francis X. Diebold Weather Forecasting for Weather Derivatives Trading and Pricing in Financial Markets2004
138 Francis X. Diebold, Canlin Li Forecasting the Term Structure of Government Bond Yields International Economics2004
137 Peter F. Christoffersen, Francis X. Diebold Financial Asset Returns, Direction-of-Change Forecasting, and Volatility Dynamics Trading and Pricing in Financial Markets2004
136 Michael W. Brandt, Francis X. Diebold A No-Arbitrage Approach to Range-Based Estimation of Return Covariances and Correlations Trading and Pricing in Financial Markets2004
135 Dorothea Schäfer, Axel Werwatz, Volker Zimmermann The Determinants of Debt and (Private-) Equity Financing in Young Innovative SMEs: Evidence from Germany Law and Economics of Financial Organizations2004
134 Uwe Walz, Douglas Cumming Private Equity Returns And Disclosure Around The World Law and Economics of Financial Organizations2004
133 Ester Faia, Tommaso Monacelli Ramsey Monetary Policy and International Relative Prices Central Banking & Monetary Economics2004
132 Marc Escrihuela-Villar Innovation and Market Concentration with Asymmetric Firms Law and Economics of Financial Organizations2004
131 Tereza Tykvová, Uwe Walz Are IPOs of Different VCs Different? Trading and Pricing in Financial Markets2004
130 Ivica Dus, Raimond Maurer, Olivia S. Mitchell Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans Household Finance2004
129 Martin D. Dietz Screening and Advising by a Venture Capitalist with a Time Constraint Law and Economics of Financial Organizations2003
128 Romain Bouis IPOs Cycle and Investment in High-Tech Industries Law and Economics of Financial Organizations2003
127 Michael Ehrmann, Marcel Fratzscher Equal size, equal role? Interest rate interdependence between the euro area and the United States Central Banking & Monetary Economics2003
126 Günter Beck Nominal Exchange Rate Regimes and Relative Price Dispersion: On the Importance of Nominal Exchange Rate Volatility for the Width of the Border International Economics2003
125 Timothy Cogley, Sergei Morozov, Thomas J. Sargent Bayesian Fan Charts for U.K. Inflation: Forecasting and Sources of Uncertainty in an Evolving Monetary System Central Banking & Monetary Economics2003
124 William A. Brock, Steven N. Durlauf, Kenneth D. West Policy Evaluation in Uncertain Economic Environments Central Banking & Monetary Economics2003
123 Hehui Jin, Mordecai Kurz, Maurizio Motolese The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy Central Banking & Monetary Economics2003
122 Sharon Kozicki, P.A. Tinsley Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information Central Banking & Monetary Economics2003
121 Athanasios Orphanides, John C. Williams Imperfect Knowledge, Inflation Expectations, and Monetary Policy Central Banking & Monetary Economics2003
120 Seppo Honkapohja, Kaushik Mitra Performance of Inflation Targeting Based On Constant Interest Rate Projections CFS Finanzplatzindex2003
119 James Bullard, In-Koo Cho Escapist Policy Rules Central Banking & Monetary Economics2003
118 George W. Evans, Bruce McGough Monetary Policy, Indeterminacy and Learning Central Banking & Monetary Economics2003
117 Reinhard H. Schmidt Corporate Governance in Germany: An Economic Perspective Law and Economics of Financial Organizations2003
116 Torben G. Andersen, Tim Bollerslev, Francis X. Diebold Some Like it Smooth, and Some Like it Rough: Untangling Continuous and Jump Components in Measuring, Modeling, and Forecasting Asset Return Volatility Trading and Pricing in Financial Markets2003
115 Issam Hallak Courts and Sovereign Eurobonds: Credibility of the Judicial Enforcement of Repayment International Economics2003
114 Issam Hallak Bank Loans Non-Linear Structure of Pricing: Empirical Evidence from Sovereign Debts International Economics2003
113 Stefan Jaschke, Gerhard Stahl, Richard Stehle Evaluating VaR Forecasts under Stress - The German Experience Financial Stability and Banking Regulation2003
112 Francis X. Diebold, Glenn D. Rudebusch, S. Boragan Aruoba The Macroeconomy and the Yield Curve: A Nonstructural Analysis Central Banking & Monetary Economics2003
111 Markus Mentz, Steffen P. Sebastian Inflation convergence after the introduction of the Euro International Economics2003
110 Christina Bannier Privacy or Publicity - Who Drives the Wheel? Trading and Pricing in Financial Markets2003
109 Frank A. Schmid, Mark Wahrenburg Mergers and Acquisitions in Germany-Social Setting and Regulatory Framework Law and Economics of Financial Organizations2003
108 Andreas Hackethal German banks - a declining industry? Law and Economics of Financial Organizations2003
107 Stefanie A. Franzke, Stefanie Grohs, Christian Laux Initial Public Offerings and Venture Capital in Germany Law and Economics of Financial Organizations2003
106 Tereza Tykvová The Role of the Value Added by the Venture Capitalists in Timing and Extent of IPOs Law and Economics of Financial Organizations2003
105 Tereza Tykvová Is the Behavior of German Venture Capitalists Different? Evidence from the Neuer Markt Law and Economics of Financial Organizations2003
104 Roman Kräussl A Critique on the Proposed Use of External Sovereign Credit Ratings in Basel II Trading and Pricing in Financial Markets2003
103 Roman Kräussl Do Changes in Sovereign Credit Ratings Contribute to Financial Contagion in Emerging Market Crises? Trading and Pricing in Financial Markets2003
102 Günther Gebhardt, Rolf Reichardt, Carsten Wittenbrink Accounting for Financial Instruments in the Banking Industry: Conclusions from a Simulation Model Law and Economics of Financial Organizations2003
101 Ralf Elsas, Jan Pieter Krahnen Universal Banks and Relationships with Firms Law and Economics of Financial Organizations2003
100 Karl-Hermann Fischer, Christian Pfeil Regulation and Competition in German Banking: An Assessment Financial Stability and Banking Regulation2003
99 Roman Kräussl Do Credit Rating Agencies Add to the Dynamics of Emerging Market Crises? Trading and Pricing in Financial Markets2003
98 Erik Theissen Organized Equity Markets in Germany Trading and Pricing in Financial Markets2003
97 Christian Leuz, Jens Wüstemann The Role of Accounting in the German Financial System Law and Economics of Financial Organizations2003
96 Daniel Schmidt, Mark Wahrenburg Contractual Relations between European VC-Funds and Investors: The Impact of Reputation and Bargaining Power on Contractual Design Law and Economics of Financial Organizations2003
95 Raimond Maurer Institutional investors in Germany: Insurance companies and investment funds Law and Economics of Financial Organizations2003
94 Günter Coenen, Athanasios Orphanides, Volker Wieland Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero Central Banking & Monetary Economics2003
93 Klaus Adam Optimal Monetary Policy with Imperfect Common Knowledge Central Banking & Monetary Economics2003
92 Stefan Reitz, Ralf Ahrens Heterogeneous Expectations in the Foreign Exchange Market Evidence from the Daily Dollar/DM Exchange Rate International Economics2003
91 Stefan Reitz, Frank Westerhoff Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists International Economics2003
90 Günter Coenen, Volker Wieland The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan Central Banking & Monetary Economics2003
89 Günter Coenen, Volker Wieland A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities Central Banking & Monetary Economics2003
88 Günter Coenen, Andrew Levin, Volker Wieland Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy Central Banking & Monetary Economics2003
87 Andrew Levin, Volker Wieland, John C. Williams The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty Central Banking & Monetary Economics2003
86 Volker Wieland Monetary Policy and Uncertainty about the Natural Unemployment Rate Central Banking & Monetary Economics2003
85 Stefan Mittnik, Marc S. Paolella Prediction of Financial Downside-Risk with Heavy-Tailed Conditional Distributions Risk Management2003
84 Klaus Adam Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices Central Banking & Monetary Economics2003
83 Klaus Adam On the Relation between Robust and Bayesian Decision Making Risk Management2003
82 Klaus Adam Learning to Forecast and Cyclical Behavior of Output and Inflation Central Banking & Monetary Economics2003
81 Ralf Elsas, Jan Pieter Krahnen Collateral, Relationship Lending and Financial Distress: An Empirical Study on Financial Contracting Law and Economics of Financial Organizations2002
80 Stefanie A. Franzke, Christian Schlag Over-Allotment Options in IPOs on Germany's Neuer Markt - An Empirical Investigation - Trading and Pricing in Financial Markets2002
79 Athanasios Orphanides Activist Stabilization Policy and Inflation: The Taylor Rule in the 1970s Central Banking & Monetary Economics2002
78 Andreas A. Jobst The Pricing Puzzle: The Default Term Structure of Collateralised Loan Obligations Trading and Pricing in Financial Markets2002
77 Andreas A. Jobst Collateralised Loan Obligations (CLOs) - A Primer Law and Economics of Financial Organizations2002
76 Yunus Aksoy, Hanno Lustig On the Short and Long Term Real Effects of Nominal Exchange Rates Trading and Pricing in Financial Markets2002
75 Elke Hahn Core Inflation in the Euro Area: An Application of the Generalized Dynamic Factor Model Central Banking & Monetary Economics2002
74 Stefan Mittnik, Markus Haas, Marc S. Paolella Mixed Normal Conditional Heteroskedasticity Trading and Pricing in Financial Markets2002
73 Marco Hoeberichts The Credibility of Central Bank Announcements Central Banking & Monetary Economics2002
72 Andreas Bascha, Uwe Walz Financing Practices in the German Venture Capital Industry: An Empirical Assessment Law and Economics of Financial Organizations2002
71 Werner Neus, Uwe Walz Exit Timing of Venture Capitalists in the Course of an Initial Public Offering Law and Economics of Financial Organizations2002
70 Erik Theissen Internalisierung und Marktqualität: Was bringt Xetra Best? Trading and Pricing in Financial Markets2002
69 Bernd Kaltenhäuser Return and Volatility Spillovers to Industry Returns: Does EMU Play a Role? International Economics2002
68 Holger Claessen, Stefan Mittnik Forecasting Stock Market Volatility and the Informational Efficiency of the DAX-index Options Market Trading and Pricing in Financial Markets2002
67 Raimond Maurer, Christian Schlag Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform Law and Economics of Financial Organizations2002
66 Issam Hallak Why Borrowers Pay Premiums to Larger Lenders: Empirical Evidence from Sovereign Syndicated Loans Law and Economics of Financial Organizations2002
65 Stefan Feinendegen, Daniel Schmidt, Mark Wahrenburg Die Vertragsbeziehung zwischen Investoren und Venture Capital-Fonds: Eine empirische Untersuchung des europäischen Venture Capital-Marktes Law and Economics of Financial Organizations2002
64 Axel A. Weber, Günter Beck Economic Integration and the Exchange Rate Regime: How Damaging are Currency Crises? International Economics2001
63 Daniel Gross Trade Flows and the International Business Cycle International Economics2001
62 Daniel Gross Country-Specific and Global Shocks in the Business Cycle International Economics2001
61 Olaf Ehrhardt, Eric Nowak Private Benefits and Minority Shareholder Expropriation - Empirical Evidence from IPOs of German Family-Owned Firms Trading and Pricing in Financial Markets2001
60 Elke Hahn Core Inflation in the Euro Area: Evidence from the Structural VAR Approach Central Banking & Monetary Economics2001
59 Yunus Aksoy, Tomasz Piskorski Domestic Money and US Output and Inflation Central Banking & Monetary Economics2001
58 Axel A. Weber, Günter Beck How Wide Are European Borders? On the Integration Effects of Monetary Unions International Economics2001
57 Bernd Kaltenhäuser Explaining the Dollar-Euro Rate: Do Stock Market Returns Matter? Trading and Pricing in Financial Markets2001
56 Ralf Ewert, Andrea Szczesny Countdown for the New Basle Capital Accord. Are German Banks ready for the Internal Ratings-Based Approach? Financial Stability and Banking Regulation2001
55 Antje Brunner, Jan Pieter Krahnen Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring Law and Economics of Financial Organizations2001
54 Markus Kern, Bernd Rudolph Comparative Analysis of Alternative Credit Risk Models - an Application on German Middle Market Loan Portfolios Credit Management & Credit Markets2001
53 Roland Beck Do Country Fundamentals Explain Emerging Market Bond Spreads? International Economics2001
52 Stefanie Franzke Underpricing of Venture-Backed and Non Venture-Backed IPOs: Germany's Neuer Markt Law and Economics of Financial Organizations2001
51 Roland Eisen (Partial) Privatization Social Security: The Chilean Model - A Lesson to Follow? International Economics2000
50 Christian Schlag, Anja Wodrich Has There Always Been Underpricing and Long-Run Underperformance? - IPOs in Germany Before World War I Trading and Pricing in Financial Markets2000
49 Roland Beck The Volatility of Capital Flows to Emerging Markets and Financial Services Trade Trading and Pricing in Financial Markets2000
48 Antje Brunner, Jan Pieter Krahnen, Martin Weber Information Production in Credit Relationships: On the Role of Internal Ratings in Commercial Banking Credit Management & Credit Markets2000
47 Carsten Detken, Philipp Hartmann The Euro and International Capital Markets International Economics2000
46 Mathias Hoffmann, Ronald MacDonald A Real Differential View of Equilibrium Real Exchange Rates and Misalignments Trading and Pricing in Financial Markets2000
45 Dirk Schumacher The Liquidity Effect in Germany Central Banking & Monetary Economics2000
44 Achim Machauer, Martin Weber Number of Bank Relationships: An Indicator of Competition, Borrower Quality, or just Size? Credit Management & Credit Markets2000
43 Günther Gebhardt The Evolution of Global Standards of Accounting Law and Economics of Financial Organizations2000
42 Roman Kraeussl Sovereign Credit Ratings and Their Impact on Recent Financial Crises Risk Management2000
41 Ralf Ahrens, Stefan Reitz Heterogeneous Expectations in the Foreign Exchange Market: Evidence from the Daily Dollar/DM Exchange Rate International Economics2000
40 Jan Pieter Krahnen, Martin Weber Generally Accepted Rating Principles: A Primer Credit Management & Credit Markets2000
39 Dag Michalsen, Steven Ongena, David C. Smith Distressed Relationships: Lessons from the Norwegian Banking Crisis Financial Stability and Banking Regulation2000
38 Caroline Van Rijckeghem, Beatrice Weder Financial Contagion: Spillovers Through Banking Centers Trading and Pricing in Financial Markets1999Published in: Journal of International Money and Finance 22, 483-509, 2003, under the title "Spillovers Through Banking Centers: A Panel Data Analysis"
37 Hermann Remsperger, Andreas Worms Transparency in Monetary Policy Central Banking & Monetary Economics1999
36 Ralf Ahrens Predicting Recessions with Interest Rate Spreads: A Multicountry Regime-Switching Analysis Trading and Pricing in Financial Markets1999
35 Ralf Ahrens Improving market-based forecasts of short-term interest rates: Time-varying stationarity and the predictive content of switching regime-expectations Trading and Pricing in Financial Markets1999
34 Ralf Elsas, Jan Pieter Krahnen Collateral, Default Risk, and Relationship Lending: An Empirical Study on Financial Contracting Credit Management & Credit Markets1999
33 Wolfgang Gerke, Robert Bosch Die Betreuer am Neuen Markt - Eine empirische Analyse Trading and Pricing in Financial Markets1999
32 Wolfgang Breuer The Relevance of Primary Dealers for Public Bond Issues Trading and Pricing in Financial Markets1999
31 Helmut Dietl, Markus Pauli, Susanne Royer Frankfurts Position im internationalen Finanzplatzwettbewerb Eine ressourcenorientierte Analyse Economics of Exchanges1999
30 Michael Woodford Optimal Monetary Policy Intertia Central Banking & Monetary Economics1999
29 Torben M. Andersen Nominal Rigidities and the Optimal Rate of Inflation Trading and Pricing in Financial Markets1999
28 Ernst Fehr, Jean-Robert Tyran Strategic Complementarity, Nominal Rigidity and the Non-Neutrality of Money Trading and Pricing in Financial Markets1999
27 Erica L. Groshen, Mark E. Schweitzer Inflation and Unemployment Revisited: Grease vs. Sand Central Banking & Monetary Economics1999
26 Thomas Laubach Signalling with Monetary and Inflation Targets Central Banking & Monetary Economics1999
25 Kenneth N. Kuttner, Adam S. Posen Does Talk Matter After All? Inflation Targeting and Central Bank Behavior Central Banking & Monetary Economics1999
24 Peter Schmid Monetary Targeting in Practice: The German Experience Central Banking & Monetary Economics1999
23 John Vickers Inflation Targeting in Practice: The UK Experience Central Banking & Monetary Economics1999
22 William R. Emmons, Frank A. Schmid Credit Unions and the Common Bond Credit Management & Credit Markets1999
21 Benjamin Bental, Benjamin Eden The Real Effects of Reserve Requirements Central Banking & Monetary Economics1998
20 Gordon M. Bodnar, Günther Gebhardt Derivatives Usage in Risk Management by U.S. and German Non-Financial Firms: A Comparative Survey Trading and Pricing in Financial Markets1998
19 Lars E.O. Svensson Inflation Targeting as a Monetary Policy Rule Central Banking & Monetary Economics1998
18 Henrik Jensen, Ben Lockwood State Manipulation and Asymptotic Efficiency in a Dynamic Model of Monetary Policy Central Banking & Monetary Economics1998
17 Ralf Elsas, Sabine Henke, Achim Machauer, Roland Rott, Gerald Schenk Empirical Analysis of Credit Relationships in Small Firms Financing: Sampling Design and Descriptive Statistics Credit Management & Credit Markets1998
16 Hans-Peter Burghof, Claudia Henschel Credit Information in Universal Banking - a Clinical Study Credit Management & Credit Markets1998
15 Utpal Bhattacharya, Hazem Daouk, Brian Jorgenson, Carl-Heinrich Kehr When an Event is Not an Event: The Curious Case of an Emerging Market Trading and Pricing in Financial Markets1998
14 Adam Posen Why EMU is Irrelevant for the German Economy Monetary Policy and Financial Markets1998
13 Ernst Maug How Effective is Proxy Voting? Information Aggregation and Conflict Resolution in Corporate Voting Contests Law and Economics of Financial Organizations1998
12 Jan Pieter Krahnen Where do we stand in the Theory of Finance? A Selective Overview with reference to Erich Gutenberg Financial Stability and Banking Regulation1998
11 Achim Machauer, Martin Weber Bank Behavior based on Internal Credit Ratings of Borrowers Credit Management & Credit Markets1998
10 Sabine Henke, Hans-Peter Burghof, Bernd Rudolph Credit Securitization and Credit Derivatives: Financial Instruments and the Credit Risk-Management of Middle Market Commercial Loan Portfolios Credit Management & Credit Markets1998
9 Ralf Ewert, Gerald Schenk Determinants of Bank Lending Performance Credit Management & Credit Markets1998
8 Ralf Elsas, Jan Pieter Krahnen Is Relationship Lending Special? Evidence from Credit-File Data in Germany Credit Management & Credit Markets1998
7 Daniel Gros EMU and Capital Markets Central Banking & Monetary Economics1998
6 Anne Sibert, Alan Sutherland Monetary Regimes and Labour Market Reform Central Banking & Monetary Economics1998
5 Roel M. W. J. Beetsma, Harald Uhlig An Analysis of the "Stability Pact" Central Banking & Monetary Economics1998
4 Dominique Demougin, Claude Fluet A Further Justification for the Negligence Rule Household Wealth Management1998
3 Jan Pieter Krahnen, Christian Rieck, Erik Theissen Messung individueller Risikoeinstellungen Risk Management1997
2 Helmut Beeck, Lutz Johanning, Bernd Rudolph Value-at-Risk-Limitstrukturen zur Steuerung und Begrenzung von Marktrisiken im Aktienbereich Risk Management1997
1 Jan Pieter Krahnen, Frank A. Schmid, Erik Theissen Mutual Fund Performance and Market Share: Evidence from the German Market Trading and Pricing in Financial Markets1997

 

Contact: Anna Polanska