330 Wirtschaft
Refine
Year of publication
- 2021 (313)
- 2017 (271)
- 2020 (268)
- 2018 (262)
- 2014 (246)
- 2015 (237)
- 2019 (237)
- 2022 (229)
- 2013 (218)
- 2016 (208)
- 2023 (197)
- 2012 (194)
- 2011 (152)
- 2010 (145)
- 2003 (142)
- 2008 (138)
- 2009 (138)
- 2005 (135)
- 2006 (122)
- 2004 (109)
- 2007 (102)
- 2002 (78)
- 2024 (76)
- 2001 (65)
- 1999 (64)
- 1998 (60)
- 2000 (58)
- 1997 (29)
- 1996 (20)
- 1995 (13)
- 1993 (11)
- 1994 (11)
- 1910 (7)
- 1913 (5)
- 1857 (4)
- 1908 (4)
- 1912 (4)
- 1804 (3)
- 1852 (3)
- 1911 (3)
- 1915 (3)
- 1929 (3)
- 1990 (3)
- 1992 (3)
- 1845 (2)
- 1846 (2)
- 1863 (2)
- 1867 (2)
- 1871 (2)
- 1906 (2)
- 1907 (2)
- 1909 (2)
- 1923 (2)
- 1924 (2)
- 1926 (2)
- 1934 (2)
- 1935 (2)
- 1938 (2)
- 1982 (2)
- 1983 (2)
- 1988 (2)
- 1991 (2)
- 1777 (1)
- 1798 (1)
- 1820 (1)
- 1823 (1)
- 1832 (1)
- 1833 (1)
- 1835 (1)
- 1838 (1)
- 1840 (1)
- 1848 (1)
- 1850 (1)
- 1855 (1)
- 1856 (1)
- 1861 (1)
- 1862 (1)
- 1865 (1)
- 1866 (1)
- 1868 (1)
- 1869 (1)
- 1874 (1)
- 1878 (1)
- 1884 (1)
- 1887 (1)
- 1890 (1)
- 1892 (1)
- 1893 (1)
- 1899 (1)
- 1901 (1)
- 1917 (1)
- 1919 (1)
- 1920 (1)
- 1925 (1)
- 1927 (1)
- 1928 (1)
- 1932 (1)
- 1939 (1)
- 1941 (1)
- 1943 (1)
- 1946 (1)
- 1948 (1)
- 1950 (1)
- 1968 (1)
- 1976 (1)
- 1979 (1)
- 1985 (1)
- 1986 (1)
- 1987 (1)
Document Type
- Working Paper (2203)
- Part of Periodical (947)
- Article (619)
- Book (457)
- Report (153)
- Doctoral Thesis (94)
- Contribution to a Periodical (75)
- Periodical (30)
- Review (24)
- Part of a Book (20)
Language
- English (2984)
- German (1678)
- Multiple languages (10)
- French (3)
- dut (1)
- Portuguese (1)
- Spanish (1)
Is part of the Bibliography
- no (4678)
Keywords
- Deutschland (214)
- Financial Institutions (91)
- ECB (66)
- Capital Markets Union (65)
- Geldpolitik (65)
- Financial Markets (62)
- USA (58)
- Monetary Policy (57)
- Schätzung (55)
- Banking Regulation (51)
- Corporate Governance (51)
- Household Finance (51)
- monetary policy (51)
- Banking Union (50)
- Europäische Union (50)
- Bank (42)
- Banking Supervision (40)
- Macro Finance (40)
- Inflation (37)
- Financial Stability (29)
- Systemic Risk (28)
- Regulation (27)
- corporate governance (26)
- Venture Capital (25)
- Banking Resolution (24)
- Börsenkurs (24)
- Going Public (24)
- Risikokapital (24)
- Financial Literacy (23)
- Großbritannien (23)
- Währungsunion (23)
- BRRD (22)
- Haushalt (22)
- Kreditmarkt (22)
- Kreditrisiko (21)
- Liquidity (21)
- Portfoliomanagement (21)
- regulation (21)
- Aktienmarkt (20)
- Bail-in (20)
- ESMA (19)
- SSM (19)
- Sustainable Finance (19)
- Volatilität (19)
- Aktienrecht (18)
- Insurance (18)
- household finance (18)
- Financial Crisis (17)
- Germany (17)
- Japan (17)
- Social System (17)
- Börsenzulassung (16)
- EBA (16)
- Fiscal Policy (16)
- Kapitalmarktrecht (16)
- Wertpapieremission (16)
- asset pricing (16)
- financial stability (16)
- ESG (15)
- Pension Insurance (15)
- Solvency II (15)
- systemic risk (15)
- Asset Pricing (14)
- COVID-19 (14)
- Contagion (14)
- Demography (14)
- European Central Bank (14)
- Finanzwirtschaft (14)
- Kapitalmarkt (14)
- Kreditwesen (14)
- Pension (14)
- Private Investment (14)
- banking (14)
- credit risk (14)
- inflation (14)
- insurance (14)
- Bitcoin (13)
- Clearing (13)
- Climate Change (13)
- Cryptocurrency (13)
- Klein- und Mittelbetrieb (13)
- Regulierung (13)
- Saving (13)
- coronavirus (13)
- fiscal policy (13)
- liquidity (13)
- Arbeitslosigkeit (12)
- Asymmetrische Information (12)
- Bank Lending (12)
- Börsenrecht (12)
- Comments disabled (12)
- Covid-19 (12)
- Kapitalertrag (12)
- MiFID II (12)
- Neuer Markt (12)
- Portfolio Selection (12)
- Quantitative Easing (12)
- competition (12)
- financial crisis (12)
- financial literacy (12)
- ABS (11)
- Börsenordnung (11)
- Consumption (11)
- Derivatives (11)
- EIOPA (11)
- Federal Reserve (11)
- Frankreich (11)
- Investmentfonds (11)
- Life Insurance (11)
- Low Interest Rates (11)
- Optionspreistheorie (11)
- Prognose (11)
- TLAC (11)
- asymmetric information (11)
- real-time data (11)
- Aktienkurs (10)
- Bankenaufsicht (10)
- China (10)
- Coronavirus (10)
- Disclosure (10)
- Euro (10)
- Europäische Zentralbank (10)
- Fintech (10)
- GARCH-Prozess (10)
- Innovation (10)
- Investor Protection (10)
- Kapitalmarkteffizienz (10)
- Kredit (10)
- Unternehmen (10)
- Value at Risk (10)
- Wettbewerb (10)
- capital regulation (10)
- model uncertainty (10)
- oil price (10)
- portfolio choice (10)
- public debt (10)
- transparency (10)
- Arbeitsmarktpolitik (9)
- Asset Allocation (9)
- Banking (9)
- Banks (9)
- Corporate Finance (9)
- EMU (9)
- Einkommen (9)
- Einkommensverteilung (9)
- Evaluation (9)
- Finanzkrise (9)
- Globalisierung (9)
- Household finance (9)
- Kapitalanlage (9)
- Liquidität (9)
- MREL (9)
- Market Microstructure (9)
- Mergers and Acquisitions (9)
- Neuer Markt <Börse> (9)
- Ordoliberalism (9)
- Risikomanagement (9)
- Sparen (9)
- Tax (9)
- Trading (9)
- Walter Eucken (9)
- Wechselkurs (9)
- Wertpapiermarkt (9)
- bail-in (9)
- banking regulation (9)
- banking union (9)
- climate change (9)
- contagion (9)
- finance (9)
- forecasting (9)
- Altersversorgung (8)
- Arbeitsmarkt (8)
- Bank Restructuring (8)
- Bankenunion (8)
- Bankkredit (8)
- Bayesian inference (8)
- Börse (8)
- Competition (8)
- DSGE (8)
- DSGE models (8)
- European Union (8)
- Event Study (8)
- Finanzierung (8)
- Frankfurt am Main (8)
- General Equilibrium (8)
- Inflation Targeting (8)
- Italien (8)
- MiFIR (8)
- Monetary Union (8)
- New Economy (8)
- Precautionary Saving (8)
- Publizitätspflicht (8)
- Reform (8)
- Risiko (8)
- Schwellenländer (8)
- Stockholding (8)
- TARGET (8)
- Transparency (8)
- Wertpapierhandel (8)
- Wirtschaftswachstum (8)
- bank regulation (8)
- banks (8)
- corporate finance (8)
- financial markets (8)
- financial transaction data (8)
- inequality (8)
- market discipline (8)
- regulatory arbitrage (8)
- relationship lending (8)
- welfare (8)
- Aktiengesellschaft (7)
- Aktionär (7)
- Aktionärsstruktur (7)
- Anreizsystem (7)
- Artificial Intelligence (7)
- Bayesian estimation (7)
- Capital-Asset-Pricing-Modell (7)
- Deflation (7)
- Derivat, Wertpapier (7)
- Entwicklungsländer (7)
- Euro Area (7)
- Finanzierungsstruktur (7)
- GARCH (7)
- International Financial Reporting Standards (7)
- Investmentsparen (7)
- Kapitalgewinn (7)
- Kreditwürdigkeit (7)
- Learning (7)
- Lebensversicherung (7)
- Preisbildung (7)
- Private Equity (7)
- Retirement (7)
- Securitization (7)
- Sparkasse (7)
- Systemic risk (7)
- Uncertainty (7)
- capital structure (7)
- euro area (7)
- financial system (7)
- forward guidance (7)
- globalization (7)
- leverage (7)
- matching (7)
- political economy (7)
- prudential supervision (7)
- shadow banking (7)
- social security (7)
- venture capital (7)
- 401(k) plan (6)
- Adverse Selection (6)
- Basel III (6)
- Consumers (6)
- Corporate governance (6)
- Dodd-Frank Act (6)
- EZB (6)
- Electronic Commerce (6)
- Emerging Market (6)
- Europäische Währungsunion (6)
- Fair value accounting (6)
- Financial Crises (6)
- Financial Regulation (6)
- Financial literacy (6)
- Finanzierungstheorie (6)
- Green Finance (6)
- Handelsvolumen (6)
- Hedging (6)
- Immobilienfonds (6)
- Interbankenabkommen (6)
- Interest Rates (6)
- International Accounting Standards (6)
- Kapitalstruktur (6)
- Konjunktur (6)
- Leistungsbilanz (6)
- Machine Learning (6)
- Mitgliedsstaaten (6)
- Model Uncertainty (6)
- Moral Hazard (6)
- Numerical accuracy (6)
- OTC markets (6)
- Rendite (6)
- Restrukturierung (6)
- Risikoverteilung (6)
- Risk (6)
- Ruhestand (6)
- SRM (6)
- Social Interaction (6)
- Solution methods (6)
- Statistischer Test (6)
- Underpricing (6)
- Unemployment (6)
- Universalbank (6)
- Vergleich (6)
- Versicherungswirtschaft (6)
- Wirtschafts- und Währungsunion (6)
- Xetra-Handelssystem (6)
- Zinsfuß (6)
- ambiguity (6)
- bank lending (6)
- capital requirements (6)
- complementarity (6)
- consumption (6)
- expectations (6)
- financial regulation (6)
- financial systems (6)
- human capital (6)
- incomplete markets (6)
- interest rates (6)
- machine learning (6)
- monetary policy rules (6)
- money (6)
- networks (6)
- policy rules (6)
- private equity (6)
- risk-taking (6)
- systemisches Risiko (6)
- uncertainty (6)
- volatility (6)
- wealth inequality (6)
- Abnehmer (5)
- Adaptive Erwartung (5)
- Anlegerschutz (5)
- Arbeitsloser (5)
- Asset-Backed Security (5)
- Asymmetric Information (5)
- Beschaffungsmarketing (5)
- Beziehungsmanagement (5)
- Buffer Stock Saving (5)
- Business Cycle (5)
- Business Cycles (5)
- Börsenhändler (5)
- Corporate Bonds (5)
- Corporate Social Responsibility (5)
- Credit Ratings (5)
- Credit Risk (5)
- Deposit Insurance (5)
- Digitalisierung (5)
- ESM (5)
- Education (5)
- Entrepreneurship (5)
- European Central Bank (ECB) (5)
- European Monetary Union (5)
- Fair-Value-Bewertung (5)
- Finance (5)
- Financial stability (5)
- Finanzintermediation (5)
- Finanzintermediäre (5)
- Finanzplanung (5)
- Fiskalpolitik (5)
- Fusion (5)
- Generally Accepted Accounting Principles (5)
- Globalization (5)
- Homeownership (5)
- IPO (5)
- Internationaler Kreditmarkt (5)
- Investitionsentscheidung (5)
- Investments (5)
- Kommanditgesellschaft auf Aktien (5)
- Kreditsicherung (5)
- Krisenmanagement (5)
- Kritik (5)
- Lieferung (5)
- Liikanen-Kommission (5)
- Liquidity Risk (5)
- Market Efficiency (5)
- Markteffizienz (5)
- Matching (5)
- Mikrostrukturtheorie <Kapitalmarkttheorie> (5)
- Neoliberalism (5)
- Ordoliberalismus (5)
- Policy Center (5)
- Portfolio Choice (5)
- Portfolio choice (5)
- Privater Verbrauch (5)
- Progressive Taxation (5)
- Public Private Partnership (5)
- Rating (5)
- Rentenreform (5)
- Risikoprämie (5)
- Risk Management (5)
- Schuldverschreibung (5)
- Schweden (5)
- Schweiz (5)
- Sovereign Risk (5)
- Sovereign debt (5)
- Stakeholder (5)
- Sustainability (5)
- Takeover (5)
- Theorie (5)
- Transparenz (5)
- Trust (5)
- Versicherung (5)
- Verteilungsgerechtigkeit (5)
- Volatility (5)
- Wirtschaftspolitik (5)
- Zeitreihenanalyse (5)
- annuity (5)
- bank resolution (5)
- banking supervision (5)
- business cycle (5)
- central bank independence (5)
- collateral (5)
- convergence (5)
- credit rationing (5)
- credit risk management (5)
- duration models (5)
- evaluation (5)
- forecast combination (5)
- habit formation (5)
- incentives (5)
- law and finance (5)
- liquidity risk (5)
- liquidity trap (5)
- model comparison (5)
- peer effects (5)
- pension (5)
- predictability (5)
- price stability (5)
- rational expectations (5)
- recursive utility (5)
- saving (5)
- social interactions (5)
- sovereign risk (5)
- stochastic volatility (5)
- stock market (5)
- stockholding (5)
- structured finance (5)
- sustainable finance (5)
- systematic risk (5)
- term structure (5)
- time series models (5)
- unemployment (5)
- zero lower bound (5)
- Öffentliche Ausgaben (5)
- Aging (4)
- Aktienanalyse (4)
- Aktienbewertung (4)
- Aktienoption (4)
- Anleihe (4)
- Annuities (4)
- Anteilseigner (4)
- Arbeitsproduktivität (4)
- Armut (4)
- Asset pricing (4)
- Bank Resolution (4)
- Bankenkrise (4)
- Bayesian Estimation (4)
- Bewertungseinheit (4)
- Blockchain (4)
- Brexit (4)
- Börsenmakler (4)
- CLO (4)
- Call-Option (4)
- Cointegration (4)
- Collateral (4)
- Counterparty Risk (4)
- Credit (4)
- DSGE model (4)
- Darlehen (4)
- Digital Finance (4)
- Disposition Effect (4)
- Dynamisches Gleichgewicht (4)
- Eigenkapital (4)
- Emissionskurs (4)
- Enforcement (4)
- Entscheidung bei Unsicherheit (4)
- Entwicklung (4)
- Entwicklungsfinanzierung (4)
- Equity Premium (4)
- Erwartung (4)
- Erwartungsbildung (4)
- Eurozone (4)
- Exotic options (4)
- Experiment (4)
- Exponential smoothing (4)
- FOMC (4)
- FinTech (4)
- Financial Decisions (4)
- Financial crisis (4)
- Finanzanalyse (4)
- Finanzdienstleistung (4)
- Finanzplatz (4)
- Fragmentation (4)
- Führungskraft (4)
- Generaldirektor (4)
- German Banking System (4)
- Geschäftsführer (4)
- Gesellschaftsrecht (4)
- Gewinn (4)
- Governance (4)
- Greece (4)
- Handel (4)
- Hauptversammlung (4)
- Herding (4)
- High-Frequency Trading (4)
- Household Crisis Barometer (4)
- Household Portfolios (4)
- Household income (4)
- IAS (4)
- Idiosyncratic Risk (4)
- Incomplete Markets (4)
- India (4)
- Inequality (4)
- Information (4)
- Informationsökonomie (4)
- Initial Public Offerings (4)
- Institutioneller Anleger (4)
- Integration (4)
- Interest Rate Risk (4)
- Internationaler Vergleich (4)
- Investor Sentiment (4)
- Jumps (4)
- Kalman filter (4)
- Kanada (4)
- Kapitalismus (4)
- Kongress (4)
- Kreditgewährung (4)
- Labor income risk (4)
- Limited Partnership (4)
- Lohnstruktur (4)
- Machine learning (4)
- Makroökonomie (4)
- Marketing (4)
- Mikrofinanzierung (4)
- Monetary policy (4)
- National Competent Authorities (4)
- Neubewertung (4)
- Optionsgeschäft (4)
- Optionshandel (4)
- Optionsmarkt (4)
- Pierre Bourdieu (4)
- Portfolio optimization (4)
- Prediction (4)
- Price Discovery (4)
- Privacy (4)
- Private equity (4)
- Produktivität (4)
- Publizität (4)
- Put-Option (4)
- Risk Sharing (4)
- Robustness (4)
- Russland (4)
- Savings Banks (4)
- Schock <Wirtschaft> (4)
- Schulden (4)
- Screening (4)
- Single Supervisory Mechanism (4)
- Social Market Economy (4)
- Soziale Marktwirtschaft (4)
- Standardisierung (4)
- Stochastic Volatility (4)
- Stochastischer Prozess (4)
- Stock Market (4)
- Sustainable Investments (4)
- Systematic Risk (4)
- Technische Aktienanalyse (4)
- Topmanager (4)
- US GAAP (4)
- Unconventional Monetary Policy (4)
- Unternehmenskooperation (4)
- Unternehmenssanierung (4)
- Value-at-Risk (4)
- Venture capital (4)
- Verbrauch (4)
- Verbraucherpreis (4)
- Vermögensverteilung (4)
- Versicherungen (4)
- Vertrag (4)
- Wertpapieranalyse (4)
- Wettbewerbsfähigkeit (4)
- Wirecard (4)
- Wirkungsanalyse (4)
- Wohneigentum (4)
- Word-of-Mouth (4)
- Zins (4)
- Zinsstruktur (4)
- Zinsstrukturtheorie (4)
- asset allocation (4)
- bailout (4)
- beliefs (4)
- business cycles (4)
- capital markets (4)
- consumer protection (4)
- consumption-portfolio choice (4)
- cooperation (4)
- credit constraints (4)
- crises (4)
- crowdfunding (4)
- density forecasts (4)
- diversification (4)
- euro (4)
- event study (4)
- exchange rates (4)
- financial centres (4)
- financial distress (4)
- financial intermediation (4)
- financial services (4)
- goods market integration (4)
- growth (4)
- household debt (4)
- housing (4)
- idiosyncratic risk (4)
- inflation targeting (4)
- institution building (4)
- institutional investors (4)
- institutions (4)
- investment (4)
- investment decisions (4)
- law of one price (4)
- learning (4)
- leveraged buyouts (4)
- makroprudenzielle Regulierung (4)
- managerial incentives (4)
- market efficiency (4)
- market microstructure (4)
- money creation (4)
- monitoring (4)
- moral hazard (4)
- nominal rigidities (4)
- non-bank financial intermediation (4)
- panel VAR (4)
- portfolio allocation (4)
- price discovery (4)
- purchasing power parity (4)
- quantitative easing (4)
- rating agencies (4)
- realized volatility (4)
- relative price volatility (4)
- retirement (4)
- retirement age (4)
- risk (4)
- risk allocation (4)
- risk premium (4)
- risk transfer (4)
- savings banks (4)
- selection bias (4)
- stakeholders (4)
- stochastic differential utility (4)
- structural reforms (4)
- sustainability (4)
- vocational training (4)
- ARCH-Prozess (3)
- Absatzweg (3)
- Accounting (3)
- Agency-Theorie (3)
- Agitation (3)
- Aktie (3)
- Aktienanlage (3)
- Aktienbörse (3)
- Aktienoptionshandel (3)
- Aktienoptionsplan (3)
- Algorithmic Discrimination (3)
- Algorithmic Trading (3)
- Annuity (3)
- Anreiz (3)
- Arbeitsangebot (3)
- Arbeitslosenversicherung (3)
- Arbitrage (3)
- Auctions (3)
- Aufsichtsratsvergütung (3)
- Auslandskredit (3)
- Außenwirtschaftliches Gleichgewicht (3)
- Bank regulation (3)
- Bankrecht (3)
- Basler Eigenkapitalvereinbarung , 2001 (3)
- Basler Eigenkapitalvereinbarung <1988> (3)
- Basler Eigenkapitalvereinbarung, 2001 (3)
- Basler Eigenkapitalvereinbarung, 2010 (3)
- Bayesian learning (3)
- Beschäftigungspolitik (3)
- Bevölkerungsentwicklung (3)
- Bias (3)
- Biodiversity (3)
- Board of Directors (3)
- Bundesbank (3)
- CDS (3)
- Capital Markets (3)
- Cashflow (3)
- Central Bank Communication (3)
- Central Banking (3)
- Central Clearing (3)
- Climate change (3)
- Compensation (3)
- Consumer Credit (3)
- Credit Cards (3)
- Credit Spread (3)
- Crowdfunding (3)
- Cryptocurrencies (3)
- Culture (3)
- Current Account (3)
- Dark Pools (3)
- Datenschutz (3)
- Debt-equity swap (3)
- Debt-nature swap (3)
- Derivat <Wertpapier> (3)
- Deutsche Bank (3)
- Deutsche Börse (3)
- Deutscher Corporate Governance Kodex (3)
- Development finance (3)
- Digitalization (3)
- Discretion (3)
- Diseases (3)
- Disinflation (3)
- Dogma (3)
- EDIS (3)
- EGC (3)
- ETFs (3)
- EU (3)
- EU-Staaten (3)
- Economic Reforms (3)
- Economic and Monetary Union (3)
- Eigenkapitalgrundsätze (3)
- Einkommensteuer (3)
- Eligibility premium (3)
- Employee stock options (3)
- Equator Principles (3)
- Europa (3)
- European Banking Authority (EBA) (3)
- Eurosystem (3)
- Executive Compensation (3)
- Executive stock options (3)
- Expectations (3)
- Festwert (3)
- FinTechs (3)
- Financial Advice (3)
- Financial Distress (3)
- Financial Education (3)
- Financial Knowledge (3)
- Financial distress (3)
- Finanzstabilität (3)
- Fire Sales (3)
- Firmenkundengeschäft (3)
- Fiscal Multiplier (3)
- Fiscal Stimulus (3)
- Flotation Costs (3)
- Frankfurt (3)
- Frankfurt <Main> (3)
- Fremdfinanzierung (3)
- Funds (3)
- Fuzzy-Logik (3)
- G-7-Staaten (3)
- GDPR (3)
- Geduld (3)
- Geld (3)
- Geldkurs (3)
- Geldtheorie (3)
- Gender (3)
- German Neoliberalism (3)
- German banks (3)
- Geschichte (3)
- Geschlecht (3)
- Glaubwürdigkeit (3)
- Gleichgewicht (3)
- Global City (3)
- Global Financial Class (3)
- Globale Finanzklasse (3)
- Gläubiger (3)
- Government Spending (3)
- Granger Causality (3)
- Green bonds (3)
- Greenbook (3)
- Greenium (3)
- Growth (3)
- Gütefunktion (3)
- Haftung (3)
- Hamiltonian Monte Carlo (3)
- Health shocks (3)
- Heranwachsender (3)
- Heterogeneous Agents (3)
- High-Frequency Data (3)
- Human Capital (3)
- IFRS 9 (3)
- Incomplete markets (3)
- Index (3)
- Indexzahl (3)
- Information Acquisition (3)
- Infrastructure (3)
- Inside Debt (3)
- Insidergeschäft (3)
- Institutionalismus (3)
- Insurance Companies (3)
- Interconnectedness (3)
- Internal Controls (3)
- International Accounting Standard 39 (3)
- Internationale Bank (3)
- Internationale Wettbewerbsfähigkeit (3)
- Investition (3)
- Investitionsplanung (3)
- Investitionspolitik (3)
- Jahresabschlussprüfung (3)
- Job Creation Schemes (3)
- Kapitalallokation (3)
- Kapitalkosten (3)
- Kenntnis (3)
- Kleingewerbe (3)
- Konjunkturzyklus (3)
- Konsumentenkredit (3)
- Konzern (3)
- Kreditgenossenschaft (3)
- Kreditgeschäft (3)
- Kreditkarte (3)
- Kreditsicherheit (3)
- Kreditwürdigkeitsprüfung (3)
- Labor Market (3)
- Law and Finance (3)
- Lebenshaltungskosten (3)
- Leistungsbewertung (3)
- Leistungsmessung (3)
- Lender of Last Resort (3)
- Life-Cycle Model (3)
- Liikanen Commission (3)
- Limited Commitment (3)
- Liquidity Provision (3)
- Loss Sharing (3)
- Länderrating (3)
- Länderrisiko (3)
- Management (3)
- Manipulation (3)
- Marginal Propensity to Consume (3)
- Market Structure (3)
- Mengenindex (3)
- Migration (3)
- Monetary Policy Rules (3)
- Monetary policy transmission (3)
- Money (3)
- Nachhaltigkeit (3)
- Neokeynesianismus (3)
- Neural Networks (3)
- New Keynesian Model (3)
- Niederlande (3)
- Nominalzins (3)
- Notenbank (3)
- OECD (3)
- OMT (3)
- Offene Volkswirtschaft (3)
- Open Source (3)
- Optimal Monetary Policy (3)
- Options (3)
- Organisationswandel (3)
- Over-Allotment Option (3)
- Parametertest (3)
- Pensions (3)
- Performance (3)
- Phillips Curve (3)
- Policy Rules (3)
- Portfolio Insurance (3)
- Portfolio Optimization (3)
- Portfolio allocation (3)
- Preispolitik (3)
- Preisstarrheit (3)
- Price Efficiency (3)
- Principal Agent (3)
- Privatsphäre (3)
- Prüfungsausschuss (3)
- Qualität (3)
- R&D (3)
- Rating Agencies (3)
- Ratingagentur (3)
- Real Effects (3)
- Real-time Data (3)
- Recht (3)
- Recursive Preferences (3)
- Relationship Lending (3)
- Rentenmarkt (3)
- Reputation (3)
- Retail investors (3)
- Return Predictability (3)
- Risk Aversion (3)
- Sachbearbeiter (3)
- Schattenwirtschaft (3)
- Schuldenbremse (3)
- Schätzfunktion (3)
- Schätztheorie (3)
- Scrum (3)
- Self-control (3)
- Self-fulfilling Prophecy (3)
- Shareholder-Value-Analyse (3)
- Sign Restrictions (3)
- Signaling (3)
- Signifikanzniveau (3)
- Social Networks (3)
- Social Security (3)
- Softwareindustrie (3)
- Solvency (3)
- Sovereign Debt (3)
- Spieltheorie (3)
- Staatsanleihe (3)
- Staatskapitalismus (3)
- Standortfaktor (3)
- Standortpolitik (3)
- Start-ups (3)
- Steuer (3)
- Sticky Prices (3)
- Stress Test (3)
- Strukturwandel (3)
- Systemisches Risiko (3)
- Teilwert (3)
- Term Structure of Interest Rates (3)
- Termingeschäft (3)
- Testtheorie (3)
- Textual Analysis (3)
- Tontines (3)
- Transmissionsmechanismus (3)
- Transnational Capitalist Class (3)
- Trennbanken (3)
- Umfrage (3)
- Umschuldung (3)
- Unbewegliche Sache (3)
- Underwriter Fee (3)
- Unternehmensfinanzierung (3)
- Unternehmensgründung (3)
- Unternehmensverfassung (3)
- Unternehmenszusammenschluss (3)
- VAR (3)
- Vektor-autoregressives Modell (3)
- Verbraucherpreisindex (3)
- Verbraucherschutz (3)
- Vergütung (3)
- Vermögensumverteilung (3)
- Versicherungsmarkt (3)
- Vertrauen (3)
- Vertrauensschadenversicherung (3)
- Vocational education (3)
- Vorstandsvorsitzender (3)
- Wage Rigidity (3)
- Welfare (3)
- Weltwirtschaft (3)
- Wettbewerbsfreiheit (3)
- Wettbewerbsstrategie (3)
- Wirtschaftsentwicklung (3)
- Wirtschaftsethik (3)
- Wirtschaftskrise (3)
- Wirtschaftspolitische Wirkungsanalyse (3)
- Wirtschaftspädagogik (3)
- Wohlfahrtseffekt (3)
- Wohlstand (3)
- Währungskrise (3)
- Währungsrisiko (3)
- Zahlungsbilanzausgleich (3)
- Zahlungsbilanzungleichgewicht (3)
- Zentralbanken (3)
- Zero Lower Bound (3)
- Zerobond (3)
- Zertifizierung (3)
- Zinsertragskurve (3)
- active shareholders (3)
- aggregate risk (3)
- asset purchases (3)
- bank runs (3)
- banking separation proposals (3)
- banknotes (3)
- behavioral finance (3)
- bid-ask spread (3)
- big data (3)
- blockchain (3)
- border effects (3)
- bubbles (3)
- capital (3)
- career concerns (3)
- central banking (3)
- childcare (3)
- commitment (3)
- communication (3)
- comparative capitalism (3)
- compensation (3)
- complexity (3)
- confidence (3)
- corporate rating (3)
- corporate social responsibility (3)
- credibility (3)
- credit risk transfer (3)
- credit supply (3)
- crowding out (3)
- crude oil (3)
- currency crisis (3)
- debt maturity (3)
- debt sustainability (3)
- default (3)
- deflation (3)
- derivatives (3)
- difference-in-differences (3)
- discrete hazard models (3)
- discretion (3)
- discrimination (3)
- distress (3)
- diversity (3)
- downside risk (3)
- duration analysis (3)
- economic competence (3)
- economic growth (3)
- education (3)
- efficiency (3)
- entrepreneurship (3)
- entry (3)
- equity premium (3)
- estimation risk (3)
- executive compensation (3)
- financial constraints (3)
- financial frictions (3)
- financial innovation (3)
- financial structure (3)
- financing policy (3)
- fintech (3)
- foreign direct investment (3)
- gasoline price (3)
- gender (3)
- general equilibrium (3)
- global banks (3)
- global justice (3)
- hedging (3)
- heterogeneous agents (3)
- housebanks (3)
- implied volatility (3)
- index construction (3)
- information production (3)
- innovation (3)
- insider trading (3)
- interest rate risk (3)
- intergenerational persistence (3)
- investor protection (3)
- jumps (3)
- labor income (3)
- labor supply (3)
- laboratory experiments (3)
- language communities (3)
- limited attention (3)
- limits to arbitrage (3)
- loan contract design (3)
- loan origination (3)
- long-run risk (3)
- longevity risk (3)
- loss function (3)
- macroeconomic models (3)
- monetary transmission (3)
- monetary transmission mechanism (3)
- money market funds (3)
- mortgages (3)
- optimal monetary policy (3)
- ownership structure (3)
- panel data (3)
- pedagogy (3)
- pension reform (3)
- pension system (3)
- pensions (3)
- persistence (3)
- political economy of bureaucracy (3)
- pricing (3)
- proprietary trading (3)
- public policy (3)
- quantity theory (3)
- regime-switching (3)
- regulatory capture (3)
- retirement income (3)
- risk aversion (3)
- risk taking (3)
- school closures (3)
- screening (3)
- securitisation (3)
- securitization (3)
- signaling (3)
- social norms (3)
- social preferences (3)
- sovereign debt (3)
- spatial data (3)
- state capitalism (3)
- state-owned enterprises (3)
- sticky prices (3)
- stock returns (3)
- syndicated loans (3)
- taxation (3)
- taxes (3)
- trading (3)
- trading behavior (3)
- unconventional monetary policy (3)
- wages (3)
- wealth (3)
- welfare loss (3)
- workouts (3)
- yield curve (3)
- zero interest rate bound (3)
- Älterer Mensch (3)
- Öffentliche Ordnung (3)
- Ökonometrie (3)
- Ökonometrisches Modell (3)
- Ökonomische Bildung (3)
- (De-)stabilisation (2)
- (dis-)intermediation (2)
- 2019 (2)
- AI borrower classification (2)
- AI enabled credit scoring (2)
- Abnormal Returns (2)
- Accounting for Banks (2)
- Acquisitions (2)
- Active Labour Market Policy (2)
- Active investors (2)
- Ad-hoc-Publizität (2)
- Adverse Selection Risk (2)
- Aesthetics (2)
- Agency Theory (2)
- Aggregate outcomes (2)
- Agile methods (2)
- Aktienrückkauf (2)
- Algorithmic Feedback Loops (2)
- Alter (2)
- Alternative investments (2)
- Altersstruktur (2)
- Analyst Behaviour (2)
- Anchoring (2)
- Ankündigungseffekt (2)
- Anlagepolitik (2)
- Anlageverhalten (2)
- Annual General Meeting (2)
- Anpassung (2)
- Antitrust (2)
- Appraisal rights (2)
- Arbeiterinnenschutz (2)
- Arbeitsbedingungen (2)
- Arbeitsbeschaffungsmaßnahme (2)
- Arbeitsbeschaffungsmaßnahmen (2)
- Arbeitsmarktstatistik (2)
- Arbeitsrecht (2)
- Arbeitsvermittlung (2)
- Arbeitszeit (2)
- Arbitragebewertung (2)
- Asset Price Bubbles (2)
- Asset Prices (2)
- Asset Quality Review (2)
- Asset Securitisation (2)
- Asset allocation (2)
- Auditing (2)
- Aufsicht (2)
- Aufsichtsrat (2)
- Auftragsabwicklung (2)
- Auktionstheorie (2)
- Auslandsanleihe (2)
- Außerbörslicher Wertpapierhandel (2)
- Bail-in Anleihen (2)
- Bailout (2)
- Bank Capitalization (2)
- Bank Simulation (2)
- Bankbilanz (2)
- Banken (2)
- Bankenabwicklung (2)
- Bankensektor (2)
- Banking Separation (2)
- Banking Stability (2)
- Banking crisis (2)
- Banking stability (2)
- Bankpolitik (2)
- Bankruptcy (2)
- Bargaining (2)
- Bargaining Power (2)
- Barrier options (2)
- Basel II (2)
- Basel regulation (2)
- Basle 2 (2)
- Basle Committee (2)
- Bayes-Entscheidungstheorie (2)
- Bayes-Verfahren (2)
- Bayesian Analysis (2)
- Bayesian VAR (2)
- Beliefs (2)
- Berufserfolg (2)
- Berufspädagogik (2)
- Betafaktor (2)
- Betriebswirtschaftslehre (2)
- Big Data (2)
- Big Five (2)
- Bilanz (2)
- Bilanzierungsgrundsätze (2)
- Bilanzrecht (2)
- Bond Markets (2)
- Bootstrap (2)
- Brent (2)
- Broker Crossing Networks (2)
- Building Societies (2)
- Bundesanleihe (2)
- Business Network (2)
- Business Sentiment (2)
- Business lending (2)
- Börsenhandel (2)
- Börseninformationssystem (2)
- Börsenkrach (2)
- CAPM (2)
- CBDC (2)
- CDO (2)
- CES-Funktion (2)
- CMDI (2)
- COVID-19 news (2)
- CSR (2)
- Capital Butgeting (2)
- Car Loans (2)
- Cash (2)
- Central Bank (2)
- Central Counterparties (2)
- Central banks (2)
- Checkliste (2)
- Choquet expected utility (2)
- Circuit Breaker (2)
- Co-residence (2)
- Coco bonds (2)
- Collateral Constraint (2)
- Collateral Policy (2)
- Commerzbank (2)
- Commitment (2)
- Commodities (2)
- Compensation Structure (2)
- Complementarity (2)
- Complexity (2)
- Conditional Volatility (2)
- Conditionality (2)
- Consumer Welfare (2)
- Consumer financial protection (2)
- Consumption Dynamics (2)
- Contingent claims (2)
- Contract Design (2)
- Coordination (2)
- Core Inflation (2)
- Corporate Debt Structure (2)
- Corporate bonds (2)
- Corporate law (2)
- Covenants (2)
- Covid pandemic (2)
- Credit Default Swaps (2)
- Credit Rating Agencies (2)
- Crowding-out (2)
- Cumulative prospect theory (2)
- CuveWaters (2)
- Cyprus (2)
- DCC-GARCH (2)
- DEA (2)
- DSGE Estimation (2)
- DSGE Model (2)
- Dark Trading (2)
- Datenschutz / Kontrolle (2)
- Default (2)
- Delegated portfolio management (2)
- Demografie (2)
- Demographic Change (2)
- Density Forecasting (2)
- Desinvestition (2)
- Deutsche Bundesbank (2)
- Deutschland (Östliche Länder) (2)
- Deutschland / Wertpapiererwerbs- und Übernahmegesetz (2)
- Development Finance (2)
- Dienstmädchen (2)
- Digital currency (2)
- Disaggregated Prices (2)
- Discourse (2)
- Discretization Error (2)
- Distress (2)
- Diversifikation (2)
- Downside Risk (2)
- Drag-along rights (2)
- Drei-Säulen-System (2)
- Dynamic Duration Models (2)
- Dynamic inconsistency (2)
- Dänemark (2)
- E-Mobility (2)
- ECB Monetary Policy (2)
- EMIR (2)
- ESG Rating Agencies (2)
- EU economic and financial services legislation (2)
- Economic Ethics (2)
- Economic Governance (2)
- Economics (2)
- Effektenbank (2)
- Einlagensicherung (2)
- Elasticity (2)
- Electronic Banking (2)
- Emerging Markets (2)
- Emissionsgeschäft (2)
- Empirical Contract Theory (2)
- Empowering Private Investors (2)
- Endogenous Growth (2)
- Endogenous growth (2)
- Energiepolitik (2)
- Energy prices (2)
- Entrepreneurial Finance (2)
- Entry and exit (2)
- Entscheidungsregel (2)
- Entwicklungspolitik (2)
- Environmental (2)
- Environmental policy (2)
- Equator Principles Association (2)
- Equity Crowdfunding (2)
- Erbschaftsteuer (2)
- Ereignisstudie (2)
- Erich Gutenberg (2)
- Eucken, Walter (2)
- Euro <Währung> (2)
- Euro area (2)
- Euromarkt (2)
- Europarecht (2)
- Europe (2)
- European Banking Union (2)
- European Commission (2)
- European Fiscal Pact (2)
- European Market Infrastructure Regulation (EMIR) (2)
- European Parliament (2)
- European Stability Mechanism (2)
- European Supervisory Architecture (2)
- European integration (2)
- Europäische Wirtschafts- und Währungsunion (2)
- Evolutorische Wirtschaft (2)
- Excess Zeros (2)
- Exchange Rates (2)
- Exercise Behavior (2)
- Expectation Formation (2)
- Expected credit losses (2)
- Experiment Center (2)
- Experimentelle Wirtschaftsforschung (2)
- FBSDE (2)
- Factor Model (2)
- Factor Models (2)
- Fair Value Accounting (2)
- Fair value (2)
- Faktorenanalyse (2)
- Familienlastenausgleich (2)
- Financial Development (2)
- Financial Education Programs (2)
- Financial Expert (2)
- Financial Frictions (2)
- Financial Instruments (2)
- Financial Reporting (2)
- Financial Resilience (2)
- Financial Sector (2)
- Financial Systems (2)
- Financial advice (2)
- Finanzialisierung (2)
- Finanzkapital (2)
- Finanzlage (2)
- Finanzmarkt (2)
- Finanzmärkte (2)
- Finanzsystem (2)
- Finanztransaktionssteuer (2)
- Firm Value (2)
- Firmenwert (2)
- Fiscal Consolidation (2)
- Fiscal Union (2)
- Fiscal policy (2)
- Fiskalunion (2)
- Forbearance (2)
- Forecasting (2)
- Forschung und Entwicklung (2)
- Forward Guidance (2)
- Frankfurt School (2)
- Frau (2)
- Fraud (2)
- Frauenarbeit (2)
- Freibetrag (2)
- Freiburg School of Economics (2)
- Freiburger Schule <Wirtschaftswissenschaften> (2)
- Freiheit (2)
- Fremdkapital (2)
- Friedrich August von Hayek (2)
- Fund Flows (2)
- Fuzzy logic (2)
- Fuzzy-Menge (2)
- G-SIB (2)
- G-SIFIs (2)
- Game Theory (2)
- Geldmarkt (2)
- Geldmenge (2)
- Geldmengensteuerung (2)
- Geopolitik (2)
- German financial system (2)
- German reunification (2)
- Geschichte 1129-1675 (2)
- Geschichte 1943-2018 (2)
- Geschichte 1962-1988 (2)
- Geschichte 1975-1994 (2)
- Geschichte 1980-1998 (2)
- Geschichte 1990-1999 (2)
- Geschichte 1997-2000 (2)
- Geschichte 1998 (2)
- Geschichte 2002 (2)
- Geschichte 2007-2010 (2)
- Geschlechterforschung (2)
- Gesellschaftsumwandlung (2)
- Gewerbeimmobilien (2)
- Gewerkschaft (2)
- Gewinnbeteiligung (2)
- Gewinnermittlung (2)
- Government Debt (2)
- Granger causality (2)
- Great Recession (2)
- Greek economic crisis (2)
- Green Bonds (2)
- Greenwashing (2)
- Griechenland (2)
- Grunderwerbsteuer (2)
- Guidelines (2)
- Guinea-Bissau (2)
- Gutenberg, Erich (2)
- Hausbank (2)
- Hawkes processes (2)
- Health (2)
- Health care (2)
- Hedge Accounting (2)
- Hedge Fund (2)
- Herd Behavior (2)
- Heterogeneity (2)
- Heterogeneous innovation (2)
- Hidden Liquidity (2)
- High Frequency Data (2)
- High Frequency Trading (2)
- High-Frequency Traders (HFTs) (2)
- High-frequency Data (2)
- Hold-up (2)
- Home ownership (2)
- Homestead exemptions (2)
- Hongkong (2)
- House Prices (2)
- House prices (2)
- Household-Size Economies (2)
- Housing (2)
- Housing Wealth (2)
- Human capital (2)
- Hysterese (2)
- Iceberg Orders (2)
- Identität (2)
- Immaterieller Anlagewert (2)
- Immigration (2)
- Immobilienmarkt (2)
- Income and Wealth Inequality (2)
- Index-Futures (2)
- Indien (2)
- Individual Ethics (2)
- Inflation Convergence (2)
- Inflationsmessung (2)
- Inflationsrate (2)
- Influence Activities (2)
- Informationsgehalt (2)
- Informationstechnik (2)
- Informationsverhalten (2)
- Informationswert (2)
- Informeller Finanzsektor (2)
- Infrastruktur (2)
- Initial public offerings (2)
- Insider Trading (2)
- Insiderregeln (2)
- Institutional Investors (2)
- Institutionenökonomie (2)
- Insurance Activities (2)
- Insurance Markets (2)
- Interbank Market (2)
- Interest Rate Guarantees (2)
- Intermediary (2)
- International Accounting (2)
- International Economics (2)
- International Finance (2)
- International Macroeconomics (2)
- International Portfolio Diversification (2)
- Internationale Kapitalbewegung (2)
- Internationaler Konjunkturzusammenhang (2)
- Internationaler Wettbewerb (2)
- Internet (2)
- Investitionsrechnung (2)
- Investor behavior (2)
- Investor protection (2)
- Ireland (2)
- Irland (2)
- Kapitalbedarfsrechnung (2)
- Kapitalflussrechnung (2)
- Kapitalmarktforschung (2)
- Kapitalmobilität (2)
- Kapitalversicherung (2)
- Karriere (2)
- Kassamarkt (2)
- Keynessche Theorie (2)
- Kinderlastenausgleich (2)
- Klein- und Mittelunternehmen (2)
- Klimawandel (2)
- Kointegration (2)
- Konjunkturforschung (2)
- Konsol (2)
- Kontrolle (2)
- Kosten (2)
- Kraftfahrzeugindustrie (2)
- Kreditpolitik (2)
- Kurtosis (2)
- Kybernetik (2)
- Landesbank (2)
- Language Critique (2)
- Law and economics (2)
- Law and finance (2)
- Leasing (2)
- Lebensversicherungen (2)
- Lending (2)
- Lieferanten-Kunden-Beziehung (2)
- Life Insurance Surrender (2)
- Life Insurers (2)
- Life cycle saving (2)
- Life insurance (2)
- Life insurance companies (2)
- Limit Order Book (2)
- Limit Order Market (2)
- Limit Order Markets (2)
- Limited Enforcement (2)
- Linear Aggregation (2)
- Liquidity Coinsurance (2)
- Liquidity Constraints (2)
- Liquidity Crisis (2)
- Liquidity Trap (2)
- Liquidity provision (2)
- Liquiditätspräferenztheorie (2)
- Liquiditätsrisiko (2)
- Loan Securitisation (2)
- Loan loss accounting (2)
- Loans (2)
- Lobbying (2)
- Lobbyismus (2)
- Lock-up (2)
- Lohnstarrheit (2)
- Long-Run Performance (2)
- Long-run Risk (2)
- Lottery stocks (2)
- Low-income Countries (2)
- Macroeconomic Announcements (2)
- Macroeconomic Modelling (2)
- Make or buy (2)
- Makroökonomischer Einfluß (2)
- Makroökonomisches Modell (2)
- Malmquist-Productivity (2)
- Margin (2)
- Mark-to-Market (2)
- Mark-to-market (2)
- Market Design (2)
- Market Fragmentation (2)
- Market Liquidity (2)
- Market Quality (2)
- Market efficiency (2)
- Marketplace lending (2)
- Markov switching models (2)
- Marktanteil (2)
- Marktdisziplin (2)
- Marktmikrostruktur (2)
- Marktrisiko (2)
- Marktstruktur (2)
- Max Weber (2)
- Medical research (2)
- Merger (2)
- Messung (2)
- Methode (2)
- Michel Foucault (2)
- Microfinance (2)
- Microstructure (2)
- Minimax (2)
- Model Comparison (2)
- Model Error (2)
- Modell (2)
- Monetary policy rules (2)
- Monopoly (2)
- Mortality risk (2)
- Mortgages (2)
- Multinationales Unternehmen (2)
- Multiple Treatment (2)
- Multiplicative Error Model (2)
- Multivariate GARCH (2)
- Multivariate Probit (2)
- Mutual Fund Managers (2)
- Mängelhaftung (2)
- Nachfrage (2)
- Nachhaltige Entwicklung (2)
- Neoklassische Theorie (2)
- Neoliberalismus (2)
- Netto-Effekte (2)
- Networks (2)
- New Keynesian (2)
- New Keynesian model (2)
- New-Keynesian Model (2)
- News and Business Cycles (2)
- Non-performing Loans (2)
- Notverkäufe (2)
- Open Banking Platform Germany (2)
- Open Economy DSGE Models (2)
- Optimal Taxation (2)
- Optimal policy (2)
- Optimism (2)
- Ordnungstheorie (2)
- Organisation (2)
- Organisationsentwicklung (2)
- Organisatorisches Lernen (2)
- Ortung (2)
- Output Gap (2)
- Overlapping Generations (2)
- Overlapping generations (2)
- Own Risk and Solvency Assessment (2)
- Ownership Structure (2)
- P2P lending (2)
- PCAOB (2)
- Panel (2)
- Panel Data (2)
- Parameter Elicitation (2)
- Patents (2)
- Pathogenesis (2)
- Paycheck Protection Program (2)
- Permanent Income Hypothesis (2)
- Persistence (2)
- Personal bankruptcy (2)
- Pfandbrief (2)
- Phillips-Kurve (2)
- Poland (2)
- Policy Under Uncertainty (2)
- Political Union (2)
- Politische Union (2)
- Portugal (2)
- Predictive Likelihood (2)
- Preis (2)
- Preisdifferenzierung (2)
- Preisdiskriminierung (2)
- Preisindex der Lebenshaltung (2)
- Price Formation (2)
- Price Impact of Trades (2)
- Price discrimination (2)
- Principal Component Analysis (2)
- Principal-Agent (2)
- Principle of Proportionality (2)
- Private Information (2)
- Private ordering (2)
- Privatization (2)
- Procyclicality (2)
- Product Design (2)
- Product Market Competition (2)
- Productivity (2)
- Prognoseverfahren (2)
- Prospect Theory (2)
- Prudential oversight (2)
- Public-Private Partnership (2)
- Quantitative easing (2)
- Quantity Theory (2)
- RWI - Leibniz-Institut für Wirtschaftsforschung (2)
- Ratingagenturen (2)
- Rational Expectations (2)
- Raumforschung (2)
- Real Estate (2)
- Realer-Konjunkturzyklus-Theorie (2)
- Reallocation (2)
- Rechnungsbuch (2)
- Rechtsvereinheitlichung (2)
- Reformvorschläge (2)
- Regelbindung (2)
- Regional Diversity (2)
- Regulatory Ethics (2)
- Relationship lending (2)
- Relative Price Variability (2)
- Rentner (2)
- Resolution (2)
- Retail Investor (2)
- Retirement Planning (2)
- Retirement Welfare (2)
- Rezession (2)
- Risikoanalyse (2)
- Risk Assessment (2)
- Risk Attitudes (2)
- Risk Preferences (2)
- Risk Premium (2)
- Risk Transfer (2)
- Risk aggregation (2)
- Risk-Taking (2)
- Russia (2)
- SFDR (2)
- SVAR (2)
- SWIFT (2)
- Sanctions (2)
- Schuldenkrise (2)
- Securitisation (2)
- Sektoraler Strukturwandel (2)
- Selection (2)
- Semiparametric Specification Test (2)
- Severance Pay (2)
- Share Deals (2)
- Shortfall Risk (2)
- Sicherheit (2)
- Simulated Maximum Likelihood (2)
- Simulation (2)
- Single Resolution Mechanism (2)
- Single Supervisory Mechanism (SSM) (2)
- Skewness (2)
- Smoothing (2)
- Social Conditioning (2)
- Social Insurance (2)
- Social media (2)
- Sovereign default (2)
- Sozialausgaben (2)
- Soziale Lage (2)
- Soziales Netzwerk (2)
- Sozialhilfe (2)
- Sozialstaat (2)
- Sozialstaatsprinzip (2)
- Spanien (2)
- Speculation (2)
- Spitzentechnologie (2)
- Sprachgemeinschaft (2)
- Spread Decomposition Models (2)
- Staatsschuldenkrise (2)
- Stabilisierung (2)
- Stability and Growth Pact (2)
- Stabilität (2)
- Standort (2)
- Statistik (2)
- Steuergestaltung (2)
- Steuerpolitik (2)
- Stimmrecht (2)
- Stochastic mortality risk (2)
- Stochastic volatility (2)
- Stock Market Participation (2)
- Stock market (2)
- Stone-Geary preferences (2)
- Strategie (2)
- Structured Finance (2)
- Substitutionselastizität (2)
- Supply Chain (2)
- Survey Data (2)
- Survey Indicator (2)
- Survey Method (2)
- Sustainable Investing (2)
- Syndicated loans (2)
- Systematic Internalizer (2)
- Systemically Important Financial Institutions (2)
- TIPS (2)
- Tagesgeschäft (2)
- Tail Risk (2)
- Tail risk (2)
- Tantieme (2)
- Targeting (2)
- Tarifverhandlung (2)
- Tax Havens (2)
- Taxation of Capital (2)
- Taxonomy (2)
- Taylor Rule (2)
- Taylor Rules (2)
- Taylor rule (2)
- Technischer Fortschritt (2)
- Telekommunikation (2)
- Term Structure (2)
- Term life insurance (2)
- Three-Pillar-System (2)
- Time Inconsistency (2)
- Time Preferences (2)
- Tochtergesellschaft (2)
- Top Income Taxation (2)
- Tourismus (2)
- Trade sales (2)
- Trading Intensity (2)
- Transfer Learning (2)
- Transition risk (2)
- Trend Growth (2)
- Trittbrettfahrerverhalten (2)
- Twitter (2)
- USA / Sarbanes-Oxley Act (2)
- Ukraine (2)
- United States (2)
- Unternehmensanleihen (2)
- Unternehmensentwicklung (2)
- Unternehmenskontrolle (2)
- Unternehmenstheorie (2)
- Unternehmensziel (2)
- VaR (2)
- Value-at-risk (2)
- Variance Decomposition (2)
- Verbraucher (2)
- Verbraucherverhalten (2)
- Vergleichende Kapitalismusforschung (2)
- Versicherungsaufsicht (2)
- Versicherungsrecht (2)
- Vertikale Integration (2)
- Vertikale Konzentration (2)
- Volatility Interruption (2)
- Volatility Risk Premium (2)
- Vorstand (2)
- Voucher (2)
- WTI (2)
- Wealth (2)
- Wealth Shocks (2)
- Welthandel (2)
- Weltpolitik (2)
- Wertpapier (2)
- Wertpapieranlage (2)
- Wertpapierbörse (2)
- Wertpapierhandelssystem (2)
- Wertpapierportefeuille (2)
- Wettbewerbsrecht (2)
- Wiederkauf (2)
- Wirtschaft (2)
- Wirtschaftsphilosophie (2)
- Wirtschaftsprüfung (2)
- Wohnungsmarkt (2)
- Währungsrecht (2)
- Year (2)
- Zeitinkonsistenz (2)
- Zeitreihe (2)
- Zeitschrift (2)
- Zentralbank (2)
- Zentralbankpolitik (2)
- Zentraler Kontrahent (2)
- Zero lower bound (2)
- Zero nominal interest rate bound (2)
- Zinsen (2)
- Zinspolitik (2)
- Zinssätze (2)
- Zwangsanleihe (2)
- accountability (2)
- accrual accounting (2)
- active labour market policy (2)
- adaptive learning (2)
- advertising (2)
- agency (2)
- airport impacts (2)
- announcements (2)
- anomalies (2)
- approamixture models (2)
- art (2)
- art market (2)
- asset location (2)
- asset prices (2)
- asset securitisation (2)
- asset valuation (2)
- asset-backed securities (2)
- asset-pricing models (2)
- attention (2)
- auction model (2)
- auctions (2)
- auditor liability (2)
- austerity (2)
- backtesting (2)
- bailouts (2)
- bank capital (2)
- bank competition (2)
- bank deposits (2)
- bank mergers (2)
- bank risk (2)
- banking separation (2)
- bond markets (2)
- bootstrapping (2)
- borrowing constraints (2)
- bounded rationality (2)
- branches (2)
- brown-spinning (2)
- burnout (2)
- business equity (2)
- capital market-based financial system (2)
- cash flow statements (2)
- central bank (2)
- central bank communication (2)
- central bank policy (2)
- central banks (2)
- clearing (2)
- climate (2)
- compensation design (2)
- computer vision (2)
- conservatism (2)
- consistent systems (2)
- consolidating supervision (2)
- consumer behavior (2)
- consumer credit (2)
- consumption hump (2)
- continuation vote (2)
- contract design (2)
- controlled diffusions and jump processes (2)
- coordination (2)
- coordination risk (2)
- core (2)
- corn (2)
- corporate bond market (2)
- corporate disclosure (2)
- corporate restructuring (2)
- cost of capital (2)
- counterfactual analysis (2)
- credit access (2)
- credit funds (2)
- credit rating (2)
- credit ratings (2)
- credit scoring (2)
- credit scoring methodology (2)
- credit scoring regulation (2)
- crisis (2)
- critical realist democratic theory (2)
- cross-border banking (2)
- crowdinvesting (2)
- cryptocurrencies (2)
- culture (2)
- current account fluctuations (2)
- cycle flows (2)
- cyclical liabilities (2)
- debt consolidation (2)
- debt restructuring (2)
- debt structure (2)
- decision making (2)
- default risk (2)
- delayed claiming (2)
- delayed retirement (2)
- deliberative democracy (2)
- demographic change (2)
- demutualization (2)
- density forecasting (2)
- deposit insurance (2)
- direct revelation mechanism (2)
- disaster risk (2)
- disclosure (2)
- discount (2)
- discretionary decisions (2)
- disintermediation (2)
- distress prediction (2)
- dividends (2)
- dynamic portfolio choice (2)
- early retirement (2)
- earnings management (2)
- economic and monetary union (2)
- economics (2)
- economics of organization (2)
- economies of scale (2)
- elasticity of intertemporal substitution (2)
- elections (2)
- electricity (2)
- emergency liquidity assistance (ELA) (2)
- emerging markets (2)
- employees (2)
- employment (2)
- endogenous growth (2)
- entrepreneurial finance (2)
- equity options (2)
- exchange rate (2)
- exchanges (2)
- exit strategies (2)
- expectation formation (2)
- experiment (2)
- experimental asset markets (2)
- experimental economics (2)
- experts (2)
- extreme value theory (2)
- factor model (2)
- financial advice (2)
- financial institutions (2)
- financial privacy (2)
- financial sophistication (2)
- financing decisions (2)
- finite mixture distributions (2)
- firm heterogeneity (2)
- fiscal reaction function (2)
- forecasts (2)
- frequency domain (2)
- futures (2)
- gasoline (2)
- global real activity (2)
- government bonds (2)
- green finance (2)
- hedge funds (2)
- hedonic (2)
- high-frequency data (2)
- historical statistics (2)
- household income (2)
- household portfolio (2)
- household portfolios (2)
- household survey (2)
- household-portfolio shares (2)
- human capital formation (2)
- identification (2)
- implied correlation (2)
- implied volatility skew (2)
- impulse response (2)
- indirect inference estimation (2)
- individual investor (2)
- individual investors (2)
- inflation persistence (2)
- inflation target (2)
- information (2)
- information aggregation (2)
- information asymmetry (2)
- input-output models (2)
- interbank network (2)
- interbank networks (2)
- internal ratings (2)
- international diversification (2)
- international financial integration (2)
- internet (2)
- interregional trade impact analysis (2)
- investments (2)
- joint inference (2)
- labor demand (2)
- laboratory experiment (2)
- language community (2)
- learning about jumps (2)
- leasing (2)
- lender coordination (2)
- life cycle saving (2)
- life insurance (2)
- lifetime income (2)
- limit order book (2)
- liquidity premium (2)
- liquidity provision (2)
- loan officer (2)
- loanable funds (2)
- long-term lending (2)
- longevity (2)
- lump sum (2)
- macro-prudential supervision (2)
- macroeconomic modelling (2)
- macroprudential supervision (2)
- manipulation (2)
- marginal propensity to consume (2)
- market micros (2)
- market structure (2)
- market supervision (2)
- markups (2)
- mergers & acquisitions (2)
- mergers and acquisitions (2)
- micro-prudential supervision (2)
- migration (2)
- minipublics (2)
- mixture models (2)
- mobility (2)
- model misspecification (2)
- model validation (2)
- monetary policy rule (2)
- monetary policy strategy (2)
- monetary policy transmission (2)
- money in the utility function (2)
- money markets (2)
- multinational companies/business and human rights (2)
- multiple bank financing (2)
- mutual funds (2)
- nachrangiges Fremdkapital (2)
- natural experiment (2)
- natural gas (2)
- net zero transition (2)
- network analysis (2)
- newly founded firms (2)
- news (2)
- nonlinear optimal policy (2)
- nonlinear time series models (2)
- oil inventories (2)
- oil market (2)
- oligarchy (2)
- online advertising (2)
- open source software (2)
- operational performance (2)
- optimal investment (2)
- option prices (2)
- option-implied distribution (2)
- overlapping generations (2)
- owner-manager conflict (2)
- pandemic insurance (2)
- pandemics (2)
- panel vector autoregression (2)
- parameter uncertainty (2)
- participation (2)
- pass-through (2)
- payout policy (2)
- performance measurement (2)
- policy (2)
- policy evaluation (2)
- policy robustness (2)
- policy under uncertainty (2)
- politische Union (2)
- population aging (2)
- portfolio management (2)
- portfolio optimization (2)
- portfolio selection (2)
- potential output (2)
- prediction (2)
- price elasticity (2)
- principal-agent models (2)
- principles-based regulation (2)
- privacy concerns (2)
- private companies (2)
- private information (2)
- probability of default (2)
- productivity (2)
- professional networks (2)
- prohibition of proprietary trading (2)
- project finance (2)
- property rights (2)
- public information (2)
- quantile regression (2)
- quantile regressions (2)
- rating migration (2)
- rational learning (2)
- real estate lending (2)
- real exchange rate (2)
- reale Auswirkungen (2)
- recapitalization (2)
- recession (2)
- recovery (2)
- redistribution (2)
- refugees (2)
- renegotiation (2)
- repeated games (2)
- repurchases (2)
- reputational risk (2)
- residual income (2)
- responsibility (2)
- responsible lending (2)
- retirement policies (2)
- return predictability (2)
- risk culture (2)
- risk management (2)
- risk premia (2)
- safe assets (2)
- seasonality (2)
- securities regulation (2)
- security design (2)
- security issue (2)
- seigniorage (2)
- self-organization (2)
- sentiment (2)
- settlement (2)
- shareholder activism (2)
- shareholder recovery (2)
- shipping (2)
- short-sales (2)
- signalling (2)
- simulated method of moments (2)
- skewness (2)
- small and medium enterprises (2)
- small business lending (2)
- social dilemmas (2)
- social media (2)
- sovereign debt crisis (2)
- sovereign exposures (2)
- speed bump (2)
- spillover effects (2)
- spot market power (2)
- stabilization (2)
- statistical discrimination (2)
- stochastic control (2)
- stock demand (2)
- stock market participation (2)
- straight-through processing (2)
- structural VAR (2)
- structural breaks (2)
- structured products (2)
- subsidiaries (2)
- subsistence consumption (2)
- supervisory arbitrage (2)
- supervisory board (2)
- surveillance (2)
- survey (2)
- sustainable investments (2)
- systemic risk charge (2)
- tail measure (2)
- tatonnement (2)
- tax sheltering (2)
- tax-deferred accounts (2)
- textual analysis (2)
- time-varying risk premia (2)
- too big to fail (2)
- too-big-to-fail (2)
- total loss absorbing capacity (TLAC) (2)
- tragedy of the commons (2)
- transmission (2)
- two-asset portfolio (2)
- unconventional oil (2)
- underpricing (2)
- unemployment insurance (2)
- universal banking (2)
- validation (2)
- variance risk premium (2)
- varieties of capitalism (2)
- vergleichende Kapitalismusforschung (2)
- voluntary disclosure (2)
- wealth distribution (2)
- when-issued trading (2)
- winner’s curse (2)
- fiscal policy (2)
- Öffentlichkeitsarbeit (2)
- Österreich (2)
- Übernahmeangebot (2)
- "Event Study" (1)
- "magnet effect" (1)
- "superior" information (1)
- (E-) Recruiting (1)
- 13F filings (1)
- 1570-1890 (1)
- 1800-1900 (1)
- 1901-2000 (1)
- 1933-1945f (1)
- 1960-1990 (1)
- 2-Sector Model (1)
- :Green Finance (1)
- ACD (1)
- APCO (1)
- API (1)
- ARCH-Modell (1)
- ARMA (1)
- Abfindungsspekulation (1)
- Abgabe (1)
- Abhängigkeit (1)
- Ablaufplanung ; Terminologische Sprache ; NP-vollständiges Problem (1)
- Abschlussprüfer (1)
- Abschlussprüfung (1)
- Abteilungsleiter (1)
- Abwanderung-Widerspruch-Theorie (1)
- Abwicklung (1)
- Abwicklungsinstrumente (1)
- Academic faculties (1)
- Academic health centres (1)
- Academic medicine (1)
- Accounting for Financial Instruments in the Banking Industry: Conclusions from a Simulation Model (1)
- Accounting regulation (1)
- Accounting research (1)
- Active labour market policy (1)
- Activism (1)
- Activist Hedge Fund (1)
- Adaptation (1)
- Adoption (1)
- Adverse Selection Costs (1)
- Advertisement disclosure (1)
- Advertising (1)
- Advertising performance (1)
- Aesthetic Liking (1)
- Affordability crisis (1)
- Africa (1)
- African Agency (1)
- Age (1)
- Agency costs (1)
- Agent-based modeling (1)
- Agglomeration <Wirtschaft> (1)
- Agglomerationseffekt (1)
- Aggregate Fluctuations (1)
- Agile Methods (1)
- Aging Society (1)
- Aging society (1)
- Agitation ; Mitgliederwerbung ; Deutscher Textilarbeiter-Verband (1906-) (1)
- Agriculture (1)
- Aid (1)
- Akquisitionen (1)
- Aktiendepot (1)
- Aktiengesetz (1)
- Aktienindex (1)
- Aktienportefeuille (1)
- Albania (1)
- Albanija (1)
- Algebraisches Modell (1)
- Algorithmen (1)
- Algorithmic transparency (1)
- Allfinanzkonzern (1)
- Allgemeine Geschäftsbedingungen (1)
- Allgemeines Gleichgewicht (1)
- Allgemeines Gleichgewichtsmodell (1)
- Allocation (1)
- Allocative Effciency (1)
- Alltag (1)
- Alltagsökonomie (1)
- Alternative Investments (1)
- Altersarmut (1)
- Alterseinkommen (1)
- Alterssicherung (1)
- Altertum (1)
- Alterungsgesellschaft (1)
- Amortization payments (1)
- Amplification (1)
- Amsterdam / Tropenmuseum (1)
- Amtsperiode (1)
- AnaCredit (1)
- Analysis (1)
- Anarchismus (1)
- Angebot (1)
- Angebotspolitik (1)
- Angel (1)
- Anlageentscheidung (1)
- Anleihemärkte (1)
- Annual general meeting (1)
- Anonymity (1)
- Anonymity Services (1)
- Anreizsysteme (1)
- Anreizvertrag (1)
- Ansteckungsperiode (1)
- Anthropogene Klimaänderung (1)
- Anticipated Inflation (1)
- Anticipatory Feeling (1)
- Apache Spark (1)
- App Tracking Transparency Framework (1)
- Apple (1)
- Applied immunology (1)
- Arab spring (1)
- Arbeiterbewegung (1)
- Arbeiterinnenfrage (1)
- Arbeitgeber (1)
- Arbeitnehmerin (1)
- Arbeitsbereitschaft (1)
- Arbeitsbeschaffung (1)
- Arbeitsbewertung (1)
- Arbeitslosengeld II (1)
- Arbeitsmarktflexibilisierung (1)
- Arbeitsmarktforschung (1)
- Arbeitsmarktpolitik / Weiterbildung / Bildungsinvestition / Berufsbildungspolitik / Wirtschaftspolitische Wirkungsanalyse / Arbeitslosigkeit (1)
- Arbeitsmarktpolitik / Weiterbildung / Wirtschaftspolitische Wirkungsanalyse / Mikroökonometrie / Schätzung / Neue Bundesländer (1)
- Arbeitsmarkttheorie (1)
- Arbeitsmigrant*innen im Bausektor (1)
- Arbeitsmobilität / Erwerbsverlauf / Lohn / Schätzung / Deutschland (1)
- Arbeitsnachfrage (1)
- Arbeitsverhältnisse im Kunstbetrieb (1)
- Arbitrage-Pricing-Theorie (1)
- Arbitragefreiheit (1)
- Argentinien (1)
- Arm’s Length Debt (1)
- Art (1)
- Art Index (1)
- Art Market (1)
- Art investment (1)
- Art market (1)
- Art price index (1)
- Artificial Intelligence, (1)
- Artificial Intelligence; (1)
- Artificial Neural Networks (ANN) (1)
- Artificial intelligence (1)
- Aspiration (1)
- Assault (1)
- Assessment (1)
- Asset Allocation, Contagion (1)
- Asset Concentration Risk (1)
- Asset Liability Management (1)
- Asset Liquidation (1)
- Asset Location (1)
- Asset Management Companies (1)
- Asset Market (1)
- Asset Price Cycles (1)
- Asset Purchase Programme (1)
- Asset Return (1)
- Asset Side Market Discipline (1)
- Asset prices (1)
- Asymmetric Tax Regimes (1)
- Asymmetric information (1)
- Asymmetric response (1)
- Asymmetries (1)
- Asymmetry (1)
- Asynchronous Trading (1)
- Athena SWAN (1)
- Auction (1)
- Audience Segments (1)
- Audit fees (1)
- Audit partner style (1)
- Audit partner tenure (1)
- Audit quality (1)
- Auditor rotation (1)
- Aufholprozess (1)
- Aufsatzsammlung (1)
- Auftrag (1)
- Augmented reality (1)
- Ausbreitung (1)
- Ausfallrisiko (1)
- Ausgaben (1)
- Ausgabenprofil (1)
- Auskunftei (1)
- Ausland (1)
- Auslandsschulden (1)
- Ausländisches Unternehmen (1)
- Ausschluss (1)
- Austerity Measures (1)
- Automated Feedback (1)
- Automated Mobile Customer Alerts (1)
- Automation (1)
- Autopoiesis (1)
- Autoregressiver Prozess (1)
- Außenhandel (1)
- Außenpolitik (1)
- Außenwirtschaft (1)
- Außenwirtschaftspolitik (1)
- Außerbilanzielles Geschäft (1)
- Axel Honneth (1)
- BCBS (1)
- BVerfG (1)
- BaFin (1)
- Backward error (1)
- Badges (1)
- Bafin (1)
- Bahro, Rudolf (1)
- Bailin (1)
- Balante (1)
- Bangalore (1)
- Bank Accounting (1)
- Bank Acquisition (1)
- Bank Bailout (1)
- Bank Capital (1)
- Bank Capital Structure (1)
- Bank Corporate Governance (1)
- Bank Credit (1)
- Bank Defaults (1)
- Bank Deregulation (1)
- Bank Financing (1)
- Bank Incentives (1)
- Bank Lending Conditions (1)
- Bank Pool (1)
- Bank Recapitalization (1)
- Bank Recovery and Resolution Directive (BRRD) (1)
- Bank Regulation (1)
- Bank Supervision (1)
- Bank affiliation (1)
- Bank lending standards (1)
- Bank loan terms (1)
- Bank mergers (1)
- Bank of Japan (1)
- Bank's Balance Sheets (1)
- Bankautomation (1)
- Bankberatung (1)
- Bankenabgabe (1)
- Bankenaufsichtsrecht (1)
- Bankenhospital (1)
- Bankeninsolvenz (1)
- Bankenliquidität (1)
- Bankensystem / Finanzsektor / Branchenentwicklung / Rentabilität / Strukturwandel / Sparkasse / Kreditgenossenschaft / Deutschland / 1970-2003 (1)
- Bankenwettbewerb (1)
- Banker's pay (1)
- Banking Competition (1)
- Banking Crisis (1)
- Banking Supervision, (1)
- Banking in Europe (1)
- Banking system (1)
- Banking union (1)
- Bankrott (1)
- Bankruptcy Law (1)
- Banksteuerung (1)
- Barbareskenstaaten (1)
- Barclays (1)
- Barclays Bank (1)
- Basel II Accord (1)
- Basisdemokratie (1)
- Batch Learning (1)
- Bausparkasse (1)
- Bayes-Lernen (1)
- Bayes-Regel (1)
- Bayesian analysis (1)
- Bayesian model averaging (1)
- Bayesian time-varying parameter estimation (1)
- Bayesianische Schätzung (1)
- Befragungsanalyse (1)
- Befristeter Arbeitsvertrag (1)
- Behandlungskapazität (1)
- Behavioral Agency Model (1)
- Behavioral Finance (1)
- Behavioral Insurance (1)
- Behavioral Measurement (1)
- Behavioral finance (1)
- Beitragsgarantien (1)
- Bekämpfung (1)
- Belgien (1)
- Belief Formation (1)
- Belief up-dating (1)
- Beliefs and Choice (1)
- Bellman Equations (1)
- Berlin (1)
- Beruf (1)
- Berufliche Fortbildung (1)
- Berufliche Integration (1)
- Berufstätigkeit (1)
- Berufswechsel (1)
- Beschaffung (1)
- Beschluss (1)
- Beschränkung (1)
- Beschäftigung (1)
- Beschäftigungseffekt (1)
- Beschäftigungstheorie (1)
- Beschäftigungswirkung (1)
- Beta (1)
- Beta and return (1)
- Beteiligungsfinanzierung (1)
- Betrieb (1)
- Betriebliche Kennzahl (1)
- Betriebsgröße (1)
- Betriebsleiter (1)
- Betriebsübergang (1)
- Beveridge Curve (1)
- Bewertung von Finanzinstrumenten (1)
- Bewertungsreserven (1)
- Bewertungsreserven, (1)
- Bewertungsstetigkeit (1)
- Bewertungstheorie (1)
- Bezüge im Bankensektor (1)
- Bias in medical research (1)
- Biased Beliefs (1)
- Bid-Ask Spread (1)
- Bidder Behavior (1)
- Big Five Personality (1)
- Big Techs (1)
- Big Three (1)
- Big data (1)
- Bilanzklarheitsgrundsatz (1)
- Bilanzkontinuität (1)
- Bilanzpolitik (1)
- Bilanzstrukturmanagement (1)
- Bilateral Trade Flows (1)
- Bilaterales Monopol (1)
- Binnenmarkt (1)
- Biotech Firms (1)
- Biotechnologische Industrie (1)
- Blankoverkauf (1)
- Blocked Realized Kernel (1)
- Blocking (1)
- Blue Chip (1)
- Board Appointments (1)
- Board Independence (1)
- Board Oversight (1)
- Bodenpolitik (1)
- Bodenpreis (1)
- Bond Market (1)
- Bond Ratings (1)
- Bond Spreads (1)
- Bond risk premia (1)
- Boni (1)
- Bonitätsprüfung (1)
- Boom (1)
- Borrowing (1)
- Boston, Mass. (Region) (1)
- Box-Cox quantile regression (1)
- Box-Cox transformation (1)
- Box-Cox-Transformation (1)
- Boycotts (1)
- Branchenkrise (1)
- Brand focus (1)
- Brasilien (1)
- Briefkastenfirmen (1)
- Broker (1)
- Brokerage (1)
- Bruttoinlandsprodukt (1)
- Bubbles (1)
- Buchführung (1)
- Buchführungsgrundsätze (1)
- Budgetierung (1)
- Buffer Stock Model (1)
- Bulgaria (1)
- Bulgarien (1)
- Bunching (1)
- Burglary (1)
- Business Ethics (1)
- Business Process Outsourcing (1)
- Business Subsidies (1)
- Business cycles (1)
- Business subsidies (1)
- Bust (1)
- Börsenaufsicht (1)
- Börsenmaklerin (1)
- Börsenorganisation (1)
- Börsenwettbewerb (1)
- Büroüberschuss (1)
- C corporations (1)
- CBO (1)
- CBRT (1)
- CCP (1)
- CCPA (1)
- CDS spreads (1)
- CECL (1)
- CEO Speeches (1)
- CEO Turnover (1)
- CEO attractiveness (1)
- CEO speeches (1)
- CES production functions (1)
- CMU (1)
- CO2 (1)
- CO2 emissions intensity (1)
- CO2-Steuer (1)
- COVID-19 Pandemic (1)
- COVID-19 pandemic (1)
- CRA3 (1)
- CSPP (1)
- CSR Europe (1)
- CVaR (1)
- Call Market (1)
- Call Markets (1)
- Call for action (1)
- Call options (1)
- Cameroon (1)
- Canada (1)
- Capacity utilization (1)
- Capital Asset Pricing Model (1)
- Capital Inflows (1)
- Capital Market (1)
- Capital Purchase Program (1)
- Capital Taxation (1)
- Capital allocation (1)
- Capital requirements (1)
- Capital theory (1)
- Capital-labor substitution (1)
- Capitulation (1)
- Car Sales (1)
- Carbon Taxation (1)
- Carbon abatement (1)
- Case Study (1)
- Cash Flow Risk (1)
- Cash Management (1)
- Cash flow effect of monetary policy (1)
- Caste (1)
- Cat Bonds (1)
- Causal Machine Learning (1)
- Causal inferences (1)
- Central Bank Losses (1)
- Central Bank of Cyprus (1)
- Central Banks (1)
- Central Banks and Their Policies (1)
- Central Counterparty (1)
- Central Counterparty Clearing House (CCP) (1)
- Central bank liquidity (1)
- Central counterparty clearing house (CCP) (1)
- Centrality (1)
- Chancen- und Risikoberichterstattung (1)
- Change Management (1)
- Changes in labor markets (1)
- Charisma (1)
- Chart-Analyse (1)
- Chemical recycling (1)
- Chief Executive Officer (1)
- Child Care (1)
- Chile (1)
- Choice Behavior (1)
- Choice experiments (1)
- Choice under Risk (1)
- Cholesky decomposition (1)
- Choquet (1)
- Circular economy (1)
- Citation Network Analysis (1)
- Classification (1)
- Climate Behavior (1)
- Climate Policies (1)
- Climate change economics (1)
- Climate finance (1)
- Closed-end fund (1)
- Closed-end fund discount (1)
- Closed-end funds (1)
- Closing Price (1)
- Cluster <Wirtschaft> (1)
- Clustering (1)
- CoCo Bond (1)
- CoCo bonds (1)
- CoCos (1)
- CoVaR (1)
- Coalitions (1)
- Coase Theorem (1)
- Cognition (1)
- Cognitive Abilities (1)
- Cognitive lock-in (1)
- Cohorts (1)
- Coin tossing (1)
- Collaboration network (1)
- Collaboration types (1)
- Collateral constraints (1)
- Collateral policy (1)
- Collateralized debt obligation (1)
- Collective Action Clause (1)
- College dropout risk (1)
- College premium (1)
- College wage premium (1)
- Colocation (1)
- Commercial banking (1)
- Commercial real estate (1)
- Commercialisation (1)
- Common Factor (1)
- Common Factor Model (1)
- Common Factor Models (1)
- Common Factor Weights (1)
- Comovements (1)
- Company Disclosure (1)
- Comparative (1)
- Comparative Accounting (1)
- Comparative Political Economy (1)
- Comparing Financial Systems (1)
- Compensation Contracting (1)
- Competition Policy (1)
- Competition in Order Flow (1)
- Complementarities (1)
- Complementary mobility services (1)
- Completeness of financial markets (1)
- Complex Financial Instruments (1)
- Compliance (1)
- Comprehensive Assessment (1)
- Computational Methods (1)
- Computer (1)
- Computersicherheit (1)
- Computerspiel (1)
- Computerunterstütztes Lernen (1)
- Con man (1)
- Concentration (1)
- Concordance (1)
- Condition number (1)
- Conditional Forecasts (1)
- Conditional Pooling (1)
- Conditional intensity (1)
- Conditional response (1)
- Confirmatory Bias (1)
- Connectivity (1)
- Constitutional Economics (1)
- Construction procurement (1)
- Consulting (1)
- Consumer Finance (1)
- Consumer confidence (1)
- Consumer credit (1)
- Consumption Function (1)
- Consumption Inequality (1)
- Consumption Insurance (1)
- Consumption hump (1)
- Consumption intensity (1)
- Consumption-Saving (1)
- Consumption-investment Problems (1)
- Consumption-portfolio choice (1)
- Consumption/Saving Forecast (1)
- Contagion Period (1)
- Contagion Risk (1)
- Container Trade (1)
- Content analysis (1)
- Contestability (1)
- Contingent Commissions (1)
- Contingent Convertible Bonds (1)
- Contingent Convertible Capital (1)
- Continuous-time methodsc (1)
- Contract (1)
- Contract terms (1)
- Contractarian Model of Corporate Law (1)
- Contracting (1)
- Control transfers (1)
- Convergence of financial systems (1)
- Convergences of Financial Systems (1)
- Convertible Securities (1)
- Cooperation (1)
- Coordination Of Control Modes (1)
- Coordination Risk (1)
- Copula (1)
- Core-component reuse (1)
- Corona (1)
- Corona Bonds (1)
- Corona-Krise (1)
- Corona-Steuerhilfegesetz (1)
- Corporate Announcements (1)
- Corporate Distress (1)
- Corporate Financing (1)
- Corporate Governance / Eigentümerstruktur / Universalbank / Finanzmarkt / Mitbestimmung / Deutschland (1)
- Corporate Governance / Informationsökonomik / Informationsverbreitung / Finanzintermediär / Theorie (1)
- Corporate Governance / Selbstverpflichtung / Rechtsdurchsetzung / Börsenkurs / Finanzmarkt / Deutschland (1)
- Corporate Groups (1)
- Corporate Investment (1)
- Corporate Name Change (1)
- Corporate Philanthropy (1)
- Corporate Quantitative Easing (1)
- Corporate and securities laws (1)
- Corporate concentration (1)
- Corporate deposits (1)
- Corporate financing (1)
- Corporate quantitative easing (1)
- Corporate taxation (1)
- Correlated Events (1)
- Correlated risk (1)
- Correlated risks (1)
- Cost And Quality Management (1)
- Cost of Capital (1)
- Costly Capital (1)
- Counterfactual Decompositions (1)
- Counterparty Credit Limits (1)
- Country Comparison (1)
- Country-Specific and Global Shocks (1)
- Covariance Estimation (1)
- Covariance Prediction (1)
- Covid-19 Pandemic (1)
- Covid-19-Crisis (1)
- Creative Economy (1)
- Creative destruction (1)
- Credibility of Inflation Targets (1)
- Credit Crunch (1)
- Credit Cycles (1)
- Credit Default Swap (CDS) (1)
- Credit Rating Reasons (1)
- Credit Risk Models (1)
- Credit Risk Transfer (1)
- Credit default swap (CDS) (1)
- Credit derivatives (1)
- Credit lines (1)
- Credit market competition (1)
- Credit rating (1)
- Credit rating agencies (1)
- Credit risk (1)
- Credit spreads (1)
- Credit supply (1)
- Credit union (1)
- Creditor Protection (1)
- Creditor Rights (1)
- Creditor Rights Protection (1)
- Crime (1)
- Crises Forecasting (1)
- Crisis (1)
- Crisis Management (1)
- Crisis contracts (1)
- Croatia (1)
- Cross-Section of Returns (1)
- Cross-listing (1)
- Cross-section of expected returns (1)
- Crowding Out (1)
- Cultural Economics (1)
- Cultural Finance (1)
- Cultural Influences on Economic Behavior (1)
- Cultural Norms (1)
- Cultural Omnivores (1)
- Cultural Omnivorousness (1)
- Cumulative abnormal return (1)
- Currency Board (1)
- Currency Hedging (1)
- Curse of dimensionality (1)
- Customer Acquisition (1)
- Customer Flow (1)
- Customer Lifetime Value (1)
- Customer Management (1)
- Customer Protection Rules (1)
- Customer Referral Programs (1)
- Customer Value (1)
- Customer data sharing (1)
- Customer focus (1)
- Cybersecurity (1)
- Cycle Portfolio Choice (1)
- Cyclical Income Risk (1)
- D. Kahneman (1)
- D49 (1)
- DGE Models (1)
- DMA (1)
- DSA (1)
- DSGE Modell (1)
- DSGE Models (1)
- DSGE modelling (1)
- Data access (1)
- Data portability (1)
- Data protection (1)
- Database linking (1)
- Dauer (1)
- Dealer Markets (1)
- Debit Cards (1)
- Debt (1)
- Debt Management (1)
- Debt Securities (1)
- Debt and equity financing (1)
- Decision (1)
- Decision Making und Risk (1)
- Decision trees (1)
- Decision under risk (1)
- Deductible Insurance (1)
- Default probability (1)
- Deficit spending (1)
- Defizitregeln (1)
- Delaunay Interpolation (1)
- Delaware Incorporation (1)
- Delphic forward guidance (1)
- Demand Analysis (1)
- Demand estimation (1)
- Democratic Legitimacy (1)
- Demografische Entwicklung (1)
- Demographic change (1)
- Demographie (1)
- Demographischer Wandel (1)
- Demokratische Republik Kongo (1)
- Demutualization (1)
- Depreciation (1)
- Depths (1)
- Deregulierung (1)
- Derivate (1)
- Derivate Finanzinstrumente (1)
- Derivatehandel (1)
- Design Evaluation (1)
- Design Science (1)
- Design Strategy (1)
- Designated Market Makers (DMMs) Market Making (1)
- Desinvestitionen (1)
- Detachment (1)
- Determinacy (1)
- Deutsch-Ostafrika (1)
- Deutsche Mark (1)
- Deutscher Aktienindex (1)
- Deutscher Buchbinder-Verband (1900-) (1)
- Deutscher Neoliberalismus (1)
- Deutscher Textilarbeiter-Verband (1906-) (1)
- Deutsches Rentensystem (1)
- Deutschland (Westliche Länder) (1)
- Deutschland / Arbeitsförderungsgesetz (1)
- Deutschland / Finanzmarktförderungsgesetz 4 (1)
- Deutschland <Bundesrepublik> (1)
- Deutschland <Deutsches Reich> (1)
- Deutschland, Bundesrepublik (1)
- Development (1)
- Deviant behavior in inexact sciences (1)
- Devisen (1)
- Devisenbörse (1)
- Devisenmarkt (1)
- Devisenrecht (1)
- DiD (1)
- Diamantenbergbau (1)
- Diary study (1)
- Diaspora (1)
- Dictionary (1)
- Die göttliche Ordnung in den Veränderungen des menschlichen Geschlechts, aus der Geburt, Tod, und Fortpflantzung desselben erwiesen (1)
- Dienstboten (1)
- Dienstleistung (1)
- Dienstleistungsstrategie (1)
- Dienstleistungsverkehr (1)
- Different Beliefs (1)
- Digital (1)
- Digital Transformation (1)
- Digital art (1)
- Digital footprints (1)
- Digital service chain (1)
- Digital technologies (1)
- Digitale Technologien (1)
- Digitalized Markets (1)
- Digitization (1)
- Direct estimation (1)
- Directors' Dealings (1)
- Directors’ remuneration (1)
- Direktinvestition (1)
- Direktinvestition / Internationale Finanzierung / Kapitalstruktur / Auslandsniederlassung / Steuerbelastung / Deutschland (1)
- Direktinvestitionen (1)
- Direktor (1)
- Disappointment (1)
- Disasters (1)
- Disclosure Framework (1)
- Disclosure regulation (1)
- Discordance (1)
- Discount Broker (1)
- Discount Functions (1)
- Discount Rate Risk (1)
- Discount Rates (1)
- Discount functions (1)
- Discrete choice experiment (1)
- Discrete time dynamic programming (1)
- Discretionary Fiscal Policy (1)
- Discrimination (1)
- Disintegration (1)
- Disketten-Clearing-Verfahren (1)
- Diskontierungsfaktor (1)
- Diskontsatz (1)
- Display advertising (1)
- Distraction (1)
- Distributed Computing (1)
- Distributed Ledger (1)
- Distributed lag (1)
- Distribution (1)
- Distribution of Welfare (1)
- Distributive politics (1)
- Divergence of Opinion (1)
- Diversification (1)
- Dividend Payments (1)
- Dividend Policy (1)
- Dividendenpolitik (1)
- Dividends (1)
- Doctors In Management (1)
- Double Auction (1)
- Double Volume Caps (1)
- Downside risk (1)
- Downward Nominal Rigidity (1)
- Drittes Reich (1)
- Driver (1)
- Dual Moral Hazard (1)
- Dual response (1)
- Dual-class shares (1)
- Dunkelziffer (1)
- Durable consumption (1)
- Duration of Civil Proceedings (1)
- Dynamic Capabilities (1)
- Dynamic Factor Model (1)
- Dynamic Inconsistency (1)
- Dynamic Models (1)
- Dynamic Networks (1)
- Dynamic Optimization (1)
- Dynamic Panel Data (1)
- Dynamic Panel Data Model (1)
- Dynamic Pricing (1)
- Dynamic Representative Consumer (1)
- Dynamic Stochastic General Equilibrium Model (1)
- Dynamic and Reliable Regulation (1)
- Dynamic portfolio choice (1)
- Dynamic pricing (1)
- Dynamic stochastic general equilibrium model (1)
- Dynamisches Modell (1)
- E-Learning (1)
- E-commerce (1)
- E.U. Corporate Law (1)
- ECB policy surprise (1)
- ECJ (1)
- EDIC (1)
- EFSF (1)
- ELA (1)
- EM algorithm (1)
- EML (1)
- ESCB (1)
- ESG Investing (1)
- ESG lending (1)
- ESG loans (1)
- ESG rating agencies (1)
- ESG ratings (1)
- EU Bonds (1)
- EU banks (1)
- EU countries (1)
- EU crisis (1)
- EU industrial production (1)
- EU market regulation (1)
- EU tax base (1)
- EU-Directives (1)
- EURONET-DIANE (1)
- Earnings Management (1)
- Earnings call (1)
- Ecology (1)
- Econometrics (1)
- Economic Development (1)
- Economic Growth (1)
- Economic Literacy (1)
- Economic Performance (1)
- Economic Recovery (1)
- Economic crisis (1)
- Economic research (1)
- Economics of Information (1)
- Economics of information (1)
- Economies of scale (1)
- Edelmetallbergbau (1)
- Edgar (1)
- Edgeworth cycle (1)
- Edmund Husserl (1)
- Education Subsidy (1)
- Educational data mining (1)
- Educational inequalities (1)
- Educational transitions (1)
- Effect Heterogeneity (1)
- Effective Lower Bound (1)
- Effective lower bound (1)
- Effekten (1)
- Effektivinflation (1)
- Effektivverzinsung (1)
- Efficiency (1)
- Efficiency Wages (1)
- Efficient Allocation (1)
- Efficient Frontier (1)
- Efficient Importance Sampling (1)
- Efficient Return (1)
- Effizienz (1)
- Eichthal, Adolphe von (1)
- Eichthal, Gustave d' (1)
- Eigene Aktie (1)
- Eigene Risiko- und Solvenzbewertung (1)
- Eigenheim (1)
- Eigenproduktion (1)
- Einflussnahme (1)
- Einheitswurzel (1)
- Einkommenselastizität (1)
- Einkommensgrenze (1)
- Einkommensunterschied (1)
- Einlagengeschäft (1)
- Einlagensicherungsfonds (1)
- Einlageverträge (1)
- Eisenbahngüterverkehr ; Automation (1)
- Eisenbahngüterverkehr ; Dezentralisation (1)
- Electoral Pressure (1)
- Electric vehicles (1)
- Electronic Markets (1)
- Elementarschadenversicherung (1)
- Elitism (1)
- Elitismus (1)
- Emergence of Information Systems (1)
- Emerging Market Economies (1)
- Emerging Market Emerging Market (1)
- Emerging Stock Markets (1)
- Emerging economies (1)
- Emissions (1)
- Empirical Asset Pricing (1)
- Empirical methods (1)
- Empirische Vertragsanalyse (1)
- Employee commitment (1)
- Employee rights (1)
- Employment Effects (1)
- Endocrinology (1)
- Endogeneity (1)
- Endogenes Wirtschaftswachstum (1)
- Endogenous Asset Market Participation (1)
- Endogenous Beliefs (1)
- Endogenous Gridpoints (1)
- Endogenous gridpoints Method (1)
- Energie- und Klimapolitik (1)
- Energieversorgung (1)
- Energiewende (1)
- Energy Efficiency (1)
- Energy Embargo (1)
- Energy Performance Certificate (1)
- Energy crisis (1)
- Energy efficiency (1)
- Energy system analysis (1)
- Energy system design (1)
- Enforcement Delegation (1)
- Enriched Digital Footprint (1)
- Enron Corp. <Houston, Tex.> (1)
- Enterprise Risk Management (1)
- Entity matching (1)
- Entity resolution (1)
- Entrepreneurial Activity (1)
- Entrepreneurial Exit Intentions (1)
- Entrepreneurial finance (1)
- Entropy Measure (1)
- Entry (1)
- Entry mode (1)
- Entscheidung (1)
- Entscheidungsprozess (1)
- Entscheidungstheorie (1)
- Entwicklung von Normen (1)
- Entwicklungsstaat (1)
- Environmental sciences (1)
- Environmental social sciences (1)
- Environmental stringency (1)
- Environmental, social, and governance factors (ESG) (1)
- Epidemiologic model (1)
- Epidemiologisches Modell (1)
- Epstein-Weil-Zin Preferences (1)
- Epstein-Zin preferences (1)
- Epstein-Zin-Weil preferences (1)
- Epstein-Zin-Weil recursive preferences (1)
- Equation of Exchange (1)
- Equilibrium Exchange Rates (1)
- Equilibrium Thinking (1)
- Equity Culture (1)
- Equity Markets (1)
- Equity Options (1)
- Equity Trading (1)
- Equity fund (1)
- Equity options (1)
- Equivalence Scales (1)
- Equivalent Incomes (1)
- Erfahrungsbericht (1)
- Ergebnisankündigung (1)
- Erich Nadel (1)
- Ernennungspraxis von Zentralbankern (1)
- Erneuerbare-Energien-Gesetz (1)
- Ersparnis (1)
- Erwachsene (1)
- Erwachsener, 50-60 Jahre (1)
- Erwachsener, 50-65 Jahre (1)
- Erwerbstätigkeitsstatistik (1)
- Estimation (1)
- Estimation Risk (1)
- Estimation efficiency (1)
- Ethereum (1)
- Ethical issues (1)
- Ethics (1)
- Ethnizität (1)
- Ethnocentrism (1)
- Euro Area Regional and Sectoral Inflation (1)
- Euro Area and US (1)
- Euro, Währung (1)
- Euro-zone Government Bonds (1)
- Euro/Dollar Exchange Rate (1)
- Eurobonds (1)
- Europaviertel (1)
- European Banking Authority (1)
- European Banking Authority, Single Supervisory Mechanism (1)
- European Capital Markets Union (1)
- European Central Bankor (1)
- European Commision (1)
- European Comparison (1)
- European Insurance Union (1)
- European Insurance and Occupational Pensions Authority (1)
- European Integration (1)
- European Investment Bank (1)
- European Monetary Fund (1)
- European Shadow Financial (1)
- European Shadow Financial Regulatory Committee (1)
- European Supervisory Authorities (1)
- European System of Central Banks (1)
- European Systemic Risk Board (1)
- European banks (1)
- European debt crisis (1)
- European household portfolios (1)
- European market fragmentation (1)
- European regulation (1)
- European stock markets (1)
- European unemployment insurance (1)
- Europäische Aktienmärkte (1)
- Europäische Gemeinschaften (1)
- Europäische Integration (1)
- Europäische Währungsunion, Strukturanpassungen, Europäische Integration (1)
- Europäisches Wettbewerbsrecht (1)
- Eurosystem collateral eligibility (1)
- Evaluation of active labor market policy in East Germany (1)
- Event study (1)
- Eventstudie (1)
- Evidence-based policymaking (1)
- Evolution of Norms (1)
- Evolutionary Game Theory (1)
- Evolutionäre Spieltheorie (1)
- Excess sensitivity (1)
- Excessive risk taking (1)
- Exchange Rate (1)
- Exchange Rate Channel (1)
- Exchange Rate Mechanism (1)
- Exchange Rate Pass-Through (1)
- Exchange rate regime (1)
- Exchange rate volatility (1)
- Exchange traded funds (1)
- Exclusion (1)
- Execution Cost (1)
- Execution Quality (1)
- Executive Remuneration (1)
- Exercise behavior (1)
- Exit Decisions (1)
- Exit Rights (1)
- Exklusion (1)
- Expectation Error (1)
- Expectation formation (1)
- Expectation–Maximisation (1)
- Expected Equity Returns (1)
- Expected Returns (1)
- Expected Utility Preferences (1)
- Expected shortfall (1)
- Expenditure Survey (1)
- Experience (1)
- Experiences (1)
- Experimental Asset Markets (1)
- Experimental Economics (1)
- Experimental Finance (1)
- Experimentelle (1)
- Expertocracy (1)
- Explainable machine learning (1)
- Explosive behavior (1)
- Extending Discourses (1)
- Externalities (1)
- Extracurricular Activities (1)
- Extrapolation (1)
- Extreme Price Movements (1)
- Extreme value theory (1)
- FDI-intensity (1)
- FX Derivatives (1)
- Fabrik- und Handarbeiter beiderlei Geschlechts (1869-) ; Arbeiterbewegung (1)
- Fabrikarbeit (1)
- Fabrikarbeiterin (1)
- Facebook (1)
- Fachsprache (1)
- Fachverein für Weber und verwandte Berufsgenossen b.G. (Crimmitschau 1883-) (1)
- Factor Structure (1)
- Factor-Augmented Vector Autoregression Model (FAVAR) (1)
- Fair market valuation (1)
- Fair-Value Accounting (1)
- Faktorsubstitution (1)
- FamaFrench model (1)
- Familie (1)
- Familien-GmbH (1)
- Familienbetrieb (1)
- Familiengesellschaft (1)
- Familienkapitalgesellschaft (1)
- Familienpersonengesellschaft (1)
- Familienpolitik (1)
- Family Background (1)
- Family dynamics (1)
- Fat-tails (1)
- Fear of job loss (1)
- Federal Republic of Germany (1)
- Federal Reserve Bank <New York, NY> (1)
- Feedback (1)
- Felix Weil (1)
- Female Labor Force Participation (1)
- Fernmeldewesen (1)
- Fertility (1)
- Fertilität (1)
- Festverzinsliches Wertpapier (1)
- Fictional expectations (1)
- Fiduciary Duties (1)
- Field Experiment (1)
- Fiktive Erwartungen (1)
- Filtering (1)
- Fin Tech (1)
- FinTech and Textual Analysis (1)
- Finance and Employment (1)
- Financial Assistance (1)
- Financial Constraints (1)
- Financial Contagion (1)
- Financial Crisis 2007/08 (1)
- Financial Decision Support (1)
- Financial Decisionmaking (1)
- Financial Engineering (1)
- Financial Forecasting (1)
- Financial Harvest Exit Strategy (1)
- Financial Industry (1)
- Financial Information (1)
- Financial Innovation (1)
- Financial Institution Building (1)
- Financial Integration (1)
- Financial Intermediation (1)
- Financial Market Cycles (1)
- Financial Market Integration (1)
- Financial Market Linkages (1)
- Financial Market Structure (1)
- Financial Markets and the Macroeconomy (1)
- Financial Media (1)
- Financial Networks (1)
- Financial Regulation and Banking (1)
- Financial Reporting Review Panel (FRRP) (1)
- Financial Sophistication (1)
- Financial Supervision (1)
- Financial and Economics Knowledge (1)
- Financial center (1)
- Financial econometrics (1)
- Financial education (1)
- Financial frictions (1)
- Financial institutions (1)
- Financial integration process (1)
- Financial interests (1)
- Financial intermediation (1)
- Financial management (1)
- Financial market (1)
- Financial openness (1)
- Financial structure (1)
- Financial system (1)
- Financial transaction data (1)
- Financialisation (1)
- Financing Conditions (1)
- Financing Constraints (1)
- Financing Costs (1)
- Financing Gap (1)
- Finanzausgleich (1)
- Finanzbildung (1)
- Finanzderivat / Hedging / Strategie / Volatilität / Stochastischer Prozess / Theorie (1)
- Finanzdienstleistungsaufsicht (1)
- Finanzdienstleistungsinstitut (1)
- Finanzfachkenntnis (1)
- Finanzinnovationen (1)
- Finanzmakler (1)
- Finanzplatz / Standortfaktor / Standortwettbewerb / Regionale Konzentration / Deutschland / Grossbritannien / Gruppe Deutsche Börse Frankfurt (1)
- Finanzplatzinstitutionen (1)
- Finanzpolitik (1)
- Finanzsektor (1)
- Finanzspekulation (1)
- Finanzstabilitätsgesetz (1)
- Finanzverfassung (1)
- Finite Normal Mixtures (1)
- Finland (1)
- Finnland (1)
- Firm Investment (1)
- Firm Prestige (1)
- Firm valuation (1)
- Firm value (1)
- Firm-bank relationship (1)
- Firm-specific News (1)
- Firma (1)
- Firmentarifvertrag (1)
- Firms (1)
- First Loss Position (1)
- First-price auctions (1)
- Fiscal Capacity (1)
- Fiscal Compact (1)
- Fiscal Crisis (1)
- Fiscal Policies (1)
- Fiscal Solidarity (1)
- Fiscal Stabilization (1)
- Fiscal Stimulus Program (1)
- Fiscal Transparency (1)
- Fiscal stress (1)
- Fiscal theory of the price level (1)
- Fixed Effects (1)
- Fixed Income (1)
- Fixed-Income (1)
- Flash Crash (1)
- Flash crash (1)
- Flat Taxes (1)
- Flexible Altersgrenze (1)
- Flick-Prozess (1)
- Flight-to-safety (1)
- Floatation Method (1)
- Florida (1)
- Fokker-Planck equation (1)
- Fonds (1)
- Fondsmanagement (1)
- Fondsmanager (1)
- Forecast Comparison/ Competition (1)
- Forecast Distribution (1)
- Forecasting and Simulation (1)
- Forecasting of Market Success (1)
- Forecasts (1)
- Foreign Assets (1)
- Foreign Exchange Reserves (1)
- Foreign direct investment (1)
- Foreign holdings (1)
- Formalism (1)
- Formative experiences (1)
- Formel (1)
- Forschung (1)
- Forschungsprojekt (1)
- Forward error (1)
- Forward guidance (1)
- Forward-looking data (1)
- Forward-looking models (1)
- Foucault, Michel (1)
- Framework (1)
- Framing Effect (1)
- Framing effects (1)
- Framing e↵ects (1)
- Frankfurt (Main) (1)
- Frankfurt <Main, 2003> (1)
- Frankfurt <Main> / Universität (1)
- Frankfurt-Fechenheim (1)
- Frauenarbeit ; Berufliche Ausbildung (1)
- Frauenarbeit ; Textilindustrie ; Bekleidungsindustrie ; Metallindustrie ; Landwirtschaft (1)
- Frauenberufsorganisation (1)
- Frauenerwerbstätigkeit (1)
- Frauenwahlrecht (1)
- Free-Riding (1)
- Freiburg (Lehrstuhl-)Tradition (1)
- Freiburg School of Law and Economics (1)
- Freie Software (1)
- Fremdbezug (1)
- Fremdkapital / Kredit / Bank / Finanzierung / Lieferanten-Kunden-Beziehung / Theorie (1)
- Frequency Domain (1)
- Frictions (1)
- Fried. Krupp <Firma> (1)
- Friedman-Schwartz's evidence (1)
- Friedrich Pollock (1)
- Friedrich-Flick-Industrieverwaltung (Düsseldorf) (1)
- Friktionelle Arbeitslosigkeit (1)
- Friktionen (1)
- Fristigkeitsstruktur (1)
- Frühwarnsystem (1)
- Fukushima (1)
- Fund (1)
- Fund Selection Criterion (1)
- Fund family (1)
- Fundamental Value (1)
- Fundamentalanalyse (1)
- Funds of Funds (1)
- Funktionelle Einkommensverteilung (1)
- Future of work (1)
- Futures Market (1)
- Futures Markets (1)
- Futurologie (1)
- Fußball (1)
- G21 (1)
- G24 (1)
- GARCH model (1)
- GARCH-Prozes (1)
- GDP growth (1)
- GFSY (1)
- GMM (1)
- GMM Estimation (1)
- Gains from Trade (1)
- Gains from trade (1)
- Gambling (1)
- Gamification (1)
- Gamma distribution (1)
- Garantie (1)
- Garantiertes Mindesteinkommen (1)
- Garantiezins (1)
- Gatekeeper position (1)
- Gauß-Funktion (1)
- Gebäudeumnutzung (1)
- Gegenseitigkeit-Versicherung (1)
- Gegenwartspreise (1)
- Gehalts- und Lohnstrukturerhebung (1)
- Gehaltsstruktur (1)
- Geld-Brief-Spannen (1)
- Geldangebot (1)
- Geldausgabeautomat (1)
- Geldmengenziel (1)
- Geldnachfrage / Wechselkurs / Nicht-Walrasianisches Gleichgewicht / Monetäre Wechselkurstheorie / Schätzung / Vereinigte Staaten / EU-Staaten (1)
- Geldpolitik / Arbeitsmarktflexibilisierung / Lohnrigidität / Konjunktur / Inflationsrate / Allgemeines Gleichgewicht / Dynamisches Modell / Schätzung (1)
- Gemeingut (1)
- Gemeinsamer Markt (1)
- Gemeinschaftliches Wohnen (1)
- Gemeinwohl (1)
- Gemeinwohl-Ökonomie (1)
- Gender Differences (1)
- Gender Gap (1)
- Gender Issues (1)
- Gender equality (1)
- Gender gaps (1)
- General Data Protection Regulation (1)
- General Equilibrium Asset Pricing (1)
- Generalized Dynamic Factor Model (1)
- Generation X (1)
- Generation Y (1)
- Generationenrente (1)
- Generationenvertrag (1)
- Generations (1)
- Generative AI (1)
- Genossenschaftsbank (1)
- Geographie (1)
- Geological Resources (1)
- Geopolitics (1)
- George (1)
- Gerechtigkeit (1)
- German Agribusiness (1)
- German Banking (1)
- German Corporate Governance System (1)
- German Markets Model Case Act (KapMuG) (1)
- German Reunification (1)
- German constitutional law (1)
- German cooperative banks (1)
- German corporate governance (1)
- German corporate governance codex (1)
- German natural gas market (1)
- German retirement system (1)
- German savings banks (1)
- Germany Inc. (1)
- Geschenke (1)
- Geschichte 1618-1623 (1)
- Geschichte 1826-1902 (1)
- Geschichte 1866-1879 (1)
- Geschichte 1870-2005 (1)
- Geschichte 1914-1924 (1)
- Geschichte 1920-1922 (1)
- Geschichte 1946-1997 (1)
- Geschichte 1948-2008 (1)
- Geschichte 1953-1998 (1)
- Geschichte 1960-1990 (1)
- Geschichte 1960-1995 (1)
- Geschichte 1965-1979 (1)
- Geschichte 1966-1998 (1)
- Geschichte 1968-1979 (1)
- Geschichte 1970-1989 (1)
- Geschichte 1970-2004 (1)
- Geschichte 1971-2003 (1)
- Geschichte 1972-1991 (1)
- Geschichte 1973-1993 (1)
- Geschichte 1975-1997 (1)
- Geschichte 1975-1998 (1)
- Geschichte 1975-2002 (1)
- Geschichte 1978-1997 (1)
- Geschichte 1978-2000 (1)
- Geschichte 1979-1980 (1)
- Geschichte 1979-1983 (1)
- Geschichte 1980-2007 (1)
- Geschichte 1981-1995 (1)
- Geschichte 1983-2004 (1)
- Geschichte 1983-2008 (1)
- Geschichte 1984-1995 (1)
- Geschichte 1984-1999 (1)
- Geschichte 1984-2005 (1)
- Geschichte 1985-1997 (1)
- Geschichte 1986-1998 (1)
- Geschichte 1986-2006 (1)
- Geschichte 1988 (1)
- Geschichte 1989-2002 (1)
- Geschichte 1990-1995 (1)
- Geschichte 1992-1996 (1)
- Geschichte 1992-1997 (1)
- Geschichte 1993-1998 (1)
- Geschichte 1993-2000 (1)
- Geschichte 1993-2003 (1)
- Geschichte 1994-2003 (1)
- Geschichte 1994-2006 (1)
- Geschichte 1995 (1)
- Geschichte 1995-1997 (1)
- Geschichte 1995-1998 (1)
- Geschichte 1996-2005 (1)
- Geschichte 1996-2006 (1)
- Geschichte 1997-1999 (1)
- Geschichte 1999-2000 (1)
- Geschichte 1999-2001 (1)
- Geschichte 1999-2003 (1)
- Geschichte 2000-2002 (1)
- Geschichte 2002-2005 (1)
- Geschichte der Gouvernementalität (1)
- Geschäftsanteil (1)
- Geschäftsbank (1)
- Geschäftsbericht (1)
- Geschäftsleiterermesse (1)
- Geschäftsplan (1)
- Geschäftswert (1)
- Geselligkeit (1)
- Gesellschafter (1)
- Gesetz der erforderlichen Varietät (1)
- Gesundheit (1)
- Gesundheitliche Ungleichheit (1)
- Gesundheitspolitik (1)
- Gesundheitsverhalten (1)
- Gesundheitswesen (1)
- Gewerbeaufsicht (1)
- Gewerbebetrieb (1)
- Gewerbeflächen (1)
- Gewerbesteuer (1)
- Gewerkschaftlicher Organisationsgrad / Gewerkschaft / Mitgliedschaft / Berufsstruktur / Sektorale Beschäftigungsstruktur / Schätzung / Deutschland (1)
- Gewerkverein der Heimarbeiterinnen Deutschlands für Kleider- und Wäschekonfektion und verwandte Berufe (1900-) (1)
- Gewinnglättung (1)
- Gewinnverwendung (1)
- Gig-economy (1)
- Gini (1)
- Gleichgewichtstheorie (1)
- Global Accounting Standards (1)
- Global Economy (1)
- Global Optimization (1)
- Global Temperature (1)
- Global Yield (1)
- Global financial crisis (1)
- Gläubigerschutz (1)
- Goal setting (1)
- Goethe-Universität Frankfurt (1)
- Going Private (1)
- Gold Standard (1)
- Good Governance (1)
- Government (1)
- Government Deficit (1)
- Government Spending Multipliers (1)
- Government Spending Shocks (1)
- Government debt (1)
- Government spending multiplier (1)
- Government stimulus (1)
- Graccident (1)
- Gradient-based optimization (1)
- Gravity equations (1)
- Great Inflation (1)
- Green Asset Ratio (1)
- Green Economy (1)
- Green Nudging (1)
- Green Quantitative Easing (1)
- Green finance (1)
- Greening (1)
- Grenze (1)
- Grenzüberschreitung (1)
- Grexit (1)
- Ground-level ozone (1)
- Group Interesterest (1)
- Group Think (1)
- Group shrinkage (1)
- Growth-at-Risk (1)
- Großbetrieb (1)
- Grundsatz der Verhältnismäßigkeit (1)
- Grundschuld (1)
- Grundsicherung im Alter (1)
- Größe (1)
- Grüne Transformation (1)
- Habit-formation (1)
- Haftpflichtversicherung (1)
- Haftungsbeschränkung (1)
- Hagelversicherung (1)
- Hamburg <2000> (1)
- Hamilton filter (1)
- Handelsgeschäft (1)
- Handelskredit (1)
- Handlungsgehilfin (1)
- Handlungstheorie (1)
- Harvey (1)
- Hate crime (1)
- Hauptkomponentenanalyse (1)
- Haus (1)
- Hausarbeit und Kinderbetreuung (1)
- Haushal (1)
- Haushaltsdefizit (1)
- Haushaltskrisenbarometer (1)
- Haushaltspolitik (1)
- Hausindustrie (1)
- Hausratversicherung (1)
- Hayek (1)
- Hazard estimation (1)
- Headline (1)
- Health Insurance (1)
- Health expenses (1)
- Health jumps (1)
- Health occupations (1)
- Health research (1)
- Heat-island (1)
- Heavy and light users (1)
- Hedge Funds (1)
- Hedge funds (1)
- Hedging / Strategie / Volatilität / Stochastischer Prozess / Theorie (1)
- Hedging the Currency Risk (1)
- Hedonischer Preis (1)
- Heimarbeit (1)
- Helicoptergeld (1)
- Herdenimmunität (1)
- Hessen (1)
- Hessen <historischer Raum> (1)
- Heterogeneit (1)
- Heterogeneous Beliefs (1)
- Heterogeneous Firms (1)
- Heterogeneous Preferences (1)
- Heterogeneous agents (1)
- Heterogeneous firms (1)
- Heterogenität (1)
- Hidden Orders (1)
- Hierarchical B-splines (1)
- Hierarchies (1)
- High Frequency Data in Finance (1)
- High-Frequency Trading (HFT) (1)
- High-Level-Forum (1)
- High-dimensional Methods (1)
- High-frequency event study (1)
- Higher Education Earnings Capacity (1)
- Higher Moments (1)
- Higher Moments of Return (1)
- Highly Mobile Professionals (1)
- Hirshleifer Effect (1)
- Historical Cost (1)
- Historical cost accounting (1)
- Historische Statistik (1)
- History & Finance (1)
- History of the Theory of the Firm (1)
- History-Dependent Policy (1)
- Hochbegabung (1)
- Hochfrequenzhandel (1)
- Hochzinspolitik (1)
- Home (1)
- Home Bias (1)
- Home Equity (1)
- Homo culturalis (1)
- Homo oeconomicus (1)
- Homophily (1)
- Hong Kong (1)
- Hong test (1)
- Horizontal Integration (1)
- Hospital Governance (1)
- Household Consumption (1)
- Household Consumption Data (1)
- Household Debt (1)
- Household Inflation Expectations (1)
- Household Wealth (1)
- Household debt (1)
- Household saving (1)
- Housing Market Cycles (1)
- Housing tenure (1)
- Human population dynamics (1)
- Human smuggling (1)
- Human-enhancing technologies (1)
- Hurricane Katrina (1)
- Hurrikan (1)
- Hybrid Markets (1)
- Hybrid Trading Systems (1)
- Hyperbolic Distribution (1)
- Hyperinflation (1)
- Hypothekarkredite (1)
- Hypothekenbank (1)
- Hypothekengeschäft (1)
- Hypothetical bias (1)
- Hysteresis (1)
- I(2) analysis (1)
- IAB-Beschäftigtenstichprobe (1)
- IASC New Structure (1)
- ICT use (1)
- ID management (1)
- IFRS (1)
- IMF (1)
- IMF Program Participation (1)
- IMS Learning Design (1)
- IPS (1)
- IS research (1)
- IT infrastructure (1)
- IT innovations (1)
- IT service management (1)
- IT standardization (1)
- IUIPC (1)
- IV (1)
- IV approach (1)
- IV estimation (1)
- IWRM (1)
- Ideal (1)
- Identification (1)
- Identitätsmanagement (1)
- Idiosyncratic Income Risk (1)
- Idiosyncratic volatility puzzle (1)
- Illegal migration (1)
- Illiquidity (1)
- Image Morphing (1)
- Imbalances (1)
- Immaterielles Wirtschaftsgut (1)
- Immediacy (1)
- Immigrant legalization (1)
- Immobilien-Investment (1)
- Immobilieninvestments (1)
- Immobilienspekulation (1)
- Immunology (1)
- Impact of Changing Stock-Market Regulation and Institution (1)
- Impairments (1)
- Impatience (1)
- Imperfect Competition (1)
- Imperfect Knowledge (1)
- Imperfect competition (1)
- Implicit Guarantees (1)
- Implied Probability Densities (1)
- Implied volatility (1)
- Import (1)
- Impulse Response Function (1)
- Impulse Responses (1)
- Impulse-response (1)
- In-work poverty (1)
- Incentive (1)
- Incentive Compensation (1)
- Incentive Systems (1)
- Incentives (1)
- Inclusive Finance (1)
- Income Inequality (1)
- Income risk (1)
- Incomplete Contracts (1)
- Incomplete Insurance Contracts (1)
- Incubator (1)
- Incurred loss model (1)
- Indeterminacy (1)
- Index Funds (1)
- Index Model (1)
- Index Trigger (1)
- Index effect (1)
- Index investing (1)
- Index rebalancing (1)
- Indexation (1)
- Indexbildung (1)
- Individual Investors (1)
- Individual and Regulatory Ethics (1)
- Individual investor (1)
- Individual investors (1)
- Individuum (1)
- Inducements (1)
- Industrie (1)
- Industriegebiet (1)
- Industrieregion (1)
- Industriestaaten (1)
- Industriestadt (1)
- Industry Classification (1)
- Industry Comparison (1)
- Industry Evolution (1)
- Inefficient Forecasts (1)
- Infection (1)
- Infectious diseases (1)
- Infektionsdynamik (1)
- Inflation Beliefs (1)
- Inflation Expectations (1)
- Inflation Forecasting (1)
- Inflation Inertia (1)
- Inflation Rate (1)
- Inflation convergence (1)
- Inflation targeting (1)
- Inflationsbekämpfung (1)
- Inflationssteuerung (1)
- Influencer marketing (1)
- Informal Loans (1)
- Information Frictions (1)
- Information Production (1)
- Information Share (1)
- Information Shares (1)
- Information Theory (1)
- Information Treatment (1)
- Information processing (1)
- Information value (1)
- Informational Volatility (1)
- Informationsaustausch (1)
- Informationspolitik (1)
- Informationssystem (1)
- Initial Coin Offering (1)
- Initial Public Offering (1)
- Initial Public Offering (IPO) (1)
- Initial public oferings (IPOs) (1)
- Innate immune cells (1)
- Innate immunity (1)
- Innenfinanzierung (1)
- Innovationsprozesse (1)
- Input-Output-Analyse (1)
- Insider-Outsider-Problematik (1)
- Insider-Outsider-Theorie (1)
- Insolvenz (1)
- Institution Building (1)
- Institution formation (1)
- Institution-building (1)
- Institutional Investor (1)
- Institutional Investors’ Ownership (1)
- Institutional Setting on Underpricing (1)
- Institutional investors (1)
- Institutions (1)
- Insurance Stocks (1)
- Insurance Supervision (1)
- Insurance companies (1)
- Insurer Default Risk (1)
- Integrated Assessment Model (1)
- Integrated Risk Management (1)
- Integrierte Systemlösungen (1)
- Integrität (1)
- Intelligence augmentation (1)
- Intensity Models (1)
- Inter-ethnic Conflict (1)
- Interaktion (1)
- Interbank Markets (1)
- Interbankgeschäft (1)
- Interdealer Brokerage (1)
- Interessenpolitik (1)
- Interessenvermittlung (1)
- Interest Rate (1)
- Interest Rate Forecasting (1)
- Interest rate rule estimation (1)
- Interest rates (1)
- Intergenerational Risk Sharing (1)
- Intergenerational effects (1)
- Interim Report (1)
- Intermediated work (1)
- Intermediation (1)
- Internal borrower rating (1)
- Internalization (1)
- Internalization of externalities (1)
- International Capital Flows (1)
- International Cross-Listings (1)
- International Development (1)
- International Financial Futures Exchange (1)
- International Financial Futures and Options Exchange (1)
- International Monetary Fund (1)
- International Portfolio Choice (1)
- International Stock Exchange of the United Kingdom and the Republic of Ireland (1)
- International Transmission Mechanism (1)
- International finance (1)
- International migration (1)
- International relationships (1)
- International stock markets (1)
- Internationale Gewerksgenossenschaft der Manufaktur- (1)
- Internationale Kooperation (1)
- Internationale Sozialpolitik (1)
- Internationale Wirtschaftspolitik (1)
- Internationale Währungspolitik (1)
- Internationaler Kapitalmarkt (1)
- Internationaler Terrorismus (1)
- Internationaler Umweltschutz (1)
- Internationaler Währungsfonds (1)
- Internationales Währungssystem (1)
- Internationalisierung (1)
- Internationalization (1)
- Interne Kontrollen (1)
- Internes Kontrollsystem (1)
- Internet Users’ Information Privacy Concerns (1)
- Internet of Things (1)
- Internet-Stellenbörse (1)
- Intertemporal Choice (1)
- Interval prediction (1)
- Intra Day (1)
- Intra-Day Volatility (1)
- Intraday Trading Process (1)
- Intratemporal Elasticity of Substitution (1)
- Invasion (1)
- Inventory Risk (1)
- Investment Banking (1)
- Investment Decisions (1)
- Investment Funds (1)
- Investment Incentives (1)
- Investment Styles (1)
- Investment attitudes (1)
- Investment funds (1)
- Investment incentives (1)
- Investment-Specific Shocks (1)
- Investor (1)
- Investor Relations (1)
- Investor education (1)
- Investor sentiment (1)
- Investors Heterogeneity (1)
- JPMorgan Chase (1)
- JPMorgan Chase Bank (1)
- Jahresabschlußprüfung (1)
- Japanese financial system (1)
- Job Match Quality (1)
- Joint Ownership (1)
- Joseph E. (1)
- Justiz (1)
- Justizverwaltung (1)
- Kalman Filter (1)
- Kalman lter (1)
- Kantian Autonomy (1)
- Kapitalbeteiligung (1)
- Kapitalbeteiligungsgesellschaft (1)
- Kapitalgesellschaft (1)
- Kapitalkonzentration (1)
- Kapitalmarkttheorie (1)
- Kapitalmarktunion (1)
- Kapitalrenditen (1)
- Karriere-Website (1)
- Kartellrecht (1)
- Katastrophenrisiko (1)
- Katrina (1)
- Kaufentscheidung (1)
- Kaufkraft des Geldes (1)
- Kaufkraftparität (1)
- Kaufkraftvergleich (1)
- Kaufverhalten (1)
- Kausalanalyse (1)
- Kenya (1)
- Keynesian models (1)
- Kind (1)
- Kinderarbeit (1)
- Kinderbetreuung (1)
- Kinderbonus (1)
- Kindergeldzuschlag (1)
- Kipper und Wipper (1)
- Kleinkredit (1)
- Klimaschutz (1)
- Klimaschutzfond (1)
- Knowledge (1)
- Koalitionsfreiheit (1)
- Kolonie (1)
- Kommerzialisierung (1)
- Konditionenpolitik (1)
- Kongreß (1)
- Konjunkturmodell (1)
- Konjunkturpakete (1)
- Konjunkturpolitik (1)
- Konjunkturprognose (1)
- Konjunkturschwankung (1)
- Konkurrent (1)
- Konkurs (1)
- Konsumgütermarkt (1)
- Kontrahentenrisiko (1)
- Kontrakttheorie (1)
- Konzentration <Wirtschaft> (1)
- Konzernrecht (1)
- Konzernverantwortung (1)
- Korrelation (1)
- Kostenplanung (1)
- Kovarianzanalyse (1)
- Kraftstoffpreis (1)
- Kreditderivat (1)
- Kreditgeber (1)
- Kreditgenossenschaftlicher Verbund (1)
- Kreditgeschäft / Unternehmenskooperation / Vertrag / Bank / Kreditrisiko / Rentabilität / Theorie (1)
- Kreditinstitute (1)
- Kreditirisiken (1)
- Kreditmanagement (1)
- Kreditrestriktion (1)
- Kriegsanleihe (1)
- Kriegsfinanzierung (1)
- Kriterienkatalog (1)
- Kryptowährungen (1)
- Kultur (1)
- Kulturelle Allesfresser (1)
- Kulturelle Entwicklung (1)
- Kundenlebenswert (1)
- Kundenmanagement (1)
- Kunst in Wirtschaftsunternehmen (1)
- Kunst-Engagement (1)
- Kunstförderung (1)
- Kunstmarkt (1)
- Kupfer (1)
- Kursanomalie (1)
- Kursbeeinflussung (1)
- Kursrisiko (1)
- Künstliche Intelligenz (KI) (1)
- LASSO (1)
- LBO spillovers (1)
- LBOs (1)
- LEN-Modell (1)
- LSTM neural networks (1)
- Labor (1)
- Labor Hoarding (1)
- Labor Income Risk (1)
- Labor Market Deregulation (1)
- Labor Market Frictions (1)
- Labor Markets (1)
- Labor Supply (1)
- Labor cost adjustments (1)
- Labor market (1)
- Labor market competition (1)
- Labour supply (1)
- Lack of Planning (1)
- Laffer Curve (1)
- Lag (1)
- Lagrange-d'Alembert equation (1)
- Lahn-Dill-Gebiet; Eisen- und Stahlindustrie (1)
- Landarbeiterin (1)
- Landeskreditbank Baden-Württemberg (1)
- Langfristige Prognose (1)
- Langfristiger Kredit (1)
- Language (1)
- Langzeitarbeitslosigkeit (1)
- Langzeitvertrag (1)
- Laplace Distribution (1)
- Laplace-Verteilung (1)
- Lapse Risk (1)
- Large-scale integration of renewable power generation (1)
- Latency (1)
- Latent Variables (1)
- Law Enforcement (1)
- Lead-lag relationship (1)
- Leadership (1)
- Leading indicator (1)
- Leaky pipeline (1)
- Learning Effects (1)
- Learning analytics (1)
- Lebensbedingungen (1)
- Lebenskostenindex (1)
- Lebensstandard (1)
- Lebensversicherung Rückkauf (1)
- Lebensversicherungen verlangen (1)
- Lebensversicherungszinsrisiko (1)
- Lebenszeitverlust (1)
- Legal Institutions (1)
- Legitimacy (1)
- Lehrer*innenbildung (1)
- Leibrente (1)
- Leiharbeit (1)
- Leistungslohn (1)
- Leitender Angestellter (1)
- Leitungsentscheidungen (1)
- Lender of Last Resort / Finanzmarkt / Wirtschaftspolitische Wirkungsanalyse (1)
- Lender of last resort (1)
- Lenkungsabgabe (1)
- Lernen (1)
- Levelized cost of electricity (1)
- Leverage (1)
- Leverage Effect (1)
- Leverage effect (1)
- Leveraged buyouts (1)
- Liberalisierung (1)
- Libertarian / Soft Paternalism (1)
- Liberty (1)
- Libra (1)
- Lieferant (1)
- Life Events (1)
- Life course transitions (1)
- Life-cycle hypothesis (1)
- Life-cycle model (1)
- LifeCycle Model (1)
- Liikanen Report (1)
- Limit Order (1)
- Limit Order Book Market (1)
- Limit Order Book Slopes (1)
- Limit Order Books (1)
- Limited partnerships (1)
- Limits to Arbitrage (1)
- Linkages (1)
- Linked employer-employee data (1)
- Lintner dividend model (1)
- Liquidation (1)
- Liquidation Preferences (1)
- Liquidity Facilities (1)
- Liquidity Premium (1)
- Liquidity Shock (1)
- Liquidity Shocks (1)
- Liquidity Transformation (1)
- Liquidity premium (1)
- Liquidity provider incentives (1)
- Liquidity risk (1)
- Liquiditätseffekte der Zinspolitik (1)
- Listed Private Equity (1)
- Listing Requirements (1)
- Literacy (1)
- Living Wills (1)
- Livingston Survey (1)
- Loan Losses (1)
- Loan Pricing (1)
- Loan losses (1)
- Loan market competition (1)
- Loan to income ratio (1)
- Loan to value ratio (1)
- Local Interests (1)
- Local projection (1)
- Location-based games (1)
- Location-based services (1)
- Locus of control (1)
- Logische Propädeutik (1)
- Lohn (1)
- Lohnbildung (1)
- Lohndifferenzierung (1)
- Lohndispersion (1)
- Lohneffekt (1)
- Lohngerechtigkeit (1)
- Lohnpolitik (1)
- Lohnrigidität (1)
- Lohnstruktur / Geschlecht / Qualifikation / Lebensalter / Schätzung / Alte Bundesländer / Deutschland / 1990-1995 (1)
- Lohnstruktur / Qualifikation / Lebensalter / Arbeitsnachfrage / Substitutionselastizität / Schätzung / Deutschland (1)
- Lohnstrukturen (1)
- Lohnstückkosten (1)
- Lokale Politik (1)
- London (1)
- Long Term Investment (1)
- Long-Run Risk (1)
- Long-Run Underperformance (1)
- Long-run risk (1)
- Long-term Contracts (1)
- Longevity Risk (1)
- Longevity risk (1)
- Longitudinal autoregressive model (1)
- Longitudinal data (1)
- Loss-aversion (1)
- Low-emission vehicles (1)
- Loyalty (1)
- Lucas paradox (1)
- Luftfahrt (1)
- L´evy framework (1)
- MBS (1)
- MENA-Region (1)
- MIFID (1)
- MMFs (1)
- MTS Bond Market (1)
- Maastricht criteria (1)
- Macht (1)
- Macroeconomic Forecasting (1)
- Macroeconomic Fundamentals (1)
- Macroeconomic Modeling (1)
- Macroeconomic Models (1)
- Macroeconomic News (1)
- Macroeconomic News Announcements (1)
- Macroeconomic risks (1)
- Macroeconomics (1)
- Macroprudential policy (1)
- Main (1)
- Male and Female Differences (1)
- Mali (1)
- Management Commentary (1)
- Managerial Accounting (1)
- Managerial rent (1)
- Managing Innovations (1)
- Mandatory Law (1)
- Mark-to-Market Accounting (1)
- Mark-to-market accounting (1)
- Market (in)completeness (1)
- Market Concentration (1)
- Market Data Sales (1)
- Market Discipline (1)
- Market Fragility (1)
- Market Integrity (1)
- Market Linkage (1)
- Market Making (1)
- Market Manipulation (1)
- Market Microstructure Noise (1)
- Market Microstructure Theory (1)
- Market Oversight (1)
- Market Power (1)
- Market Reactions (1)
- Market Value (1)
- Market discipline (1)
- Market engineering (1)
- Market fragility (1)
- Market fragmentation (1)
- Market manipulation (1)
- Market microstructure (1)
- Market research (1)
- Market risk premium (1)
- Market sentiment (1)
- Market volatility (1)
- Market-Maker (1)
- MarketMicrostructure Noise (1)
- Marketing Analytics (1)
- Marketing-finance interface (1)
- Markov Perfect Equilibrium (1)
- Markov Processes (1)
- Markov perfect equilibrium (1)
- Markov-Modell (1)
- Markov-Prozess (1)
- Markov-switching DSGE (1)
- Markov–Switching (1)
- Marktmacht (1)
- Marktpreisrisiken (1)
- Marktversagen (1)
- Marktwirtschaft (1)
- Markups (1)
- Marokko (1)
- Marshall, Alfred (1)
- Marx, Karl (1)
- Marxian economics (1)
- Mathematics and computing (1)
- Mathematik (1)
- Max Horkheimer (1)
- Maximum Likelihood (1)
- Maximum length of association (1)
- Maximum likelihood estimation (1)
- Medical management (1)
- Medicare (1)
- Medien (1)
- Medizinische Versorgung (1)
- Mehrgenerationenmodell (1)
- Mehrheitsaktionär (1)
- Mehrproduktbetrieb (1)
- Mehrwertsteuersenkung (1)
- Meme stocks (1)
- Mensch und Maschine (1)
- Mensch-Maschine-Kommunikation (1)
- Mental models (1)
- Merchandise trade (1)
- Merger Arbitrage (1)
- Meritocracy (1)
- Messe <Wirtschaft> (1)
- Metallurgie (1)
- Mexiko (1)
- MiCA (1)
- MiFID (1)
- Microprudential Insurance Regulation (1)
- Microstructure Noise (1)
- Mietspiegel (1)
- Mietwohnungen (1)
- Mikroprudenzielle Versicherungsregulierung (1)
- Mikrostrukturtheorie <Kapitalmarkttheorie> (1)
- Mikroökonometrie (1)
- Mikroökonomie (1)
- Millennium Development Goals (1)
- Millennium Ecosystem Assessment (1)
- Minderheitsaktionär (1)
- Mini-flash crash (1)
- Minimum Reserves (1)
- Minimum Return Guarantees (1)
- Mining Investments (1)
- Minority Shareholder Protection (1)
- Mis-selling (1)
- Mitarbeiterinteressen (1)
- Mitbestimmung (1)
- Mitbewohner (1)
- Mitgliederwerbung (1)
- Mitgliedschaft (1)
- Mitigation (1)
- Mittelmeerraum (1)
- Mittelsperson (1)
- Mittelstand (1)
- Mixed-frequency data (1)
- Mixing Frequencies (1)
- Mixture Distributions (1)
- Mobile Telekommunikation / Electronic Commerce (1)
- Mobile games (1)
- Mobility (1)
- Modautal-Neutsch (1)
- Model Adequacy (1)
- Model Risk (1)
- Model Selection (1)
- Model evaluation (1)
- Model uncertainty (1)
- Model-based regulation (1)
- Models and Applications (1)
- Monetarism (1)
- Monetary (1)
- Monetary Model (1)
- Monetary Models (1)
- Monetary Policy Implementation (1)
- Monetary Policy Instruments (1)
- Monetary Policy Instruments of the ECB (1)
- Monetary Policy Surprises (1)
- Monetary Policy Transmission (1)
- Monetary Shocks (1)
- Monetary Targeting (1)
- Monetary growth models (1)
- Monetary macroeconomics (1)
- Monetary policy strategy (1)
- Monetary-fiscal interaction (1)
- Monetäre Wachstumstheorie (1)
- Money Creation (1)
- Money Demand Functions (1)
- Money Market (1)
- Money Market Funds (1)
- Money demand (1)
- Money non neutrality (1)
- Monitoring (1)
- Monopol (1)
- Monte Carlo Likelihood (1)
- Monte Carlo Methods (1)
- Monte Carlo integration (1)
- Monte Carlo simulation (1)
- Monte Carlo simulations (1)
- Monte-Carlo-Simulation (1)
- Moral Hazar (1)
- Morality (1)
- Moritz <Hessen-Kassel, Landgraf, 1572-1632> (1)
- Mortgage Markets (1)
- Mortgage affordability (1)
- Mortgage design (1)
- Mortgage premia (1)
- Mortgage supply (1)
- Multi-Layer Network (1)
- Multi-Products Firms (1)
- Multi-Step estimation (1)
- Multi-level marketing (1)
- Multifaktorenmodelle (1)
- Multikriteria-Entscheidung (1)
- Multilayer networks (1)
- Multiline Insurance (1)
- Multinationale Unternehmen (1)
- Multiple Blockholders (1)
- Multiple Equilibria (1)
- Multiple equilibria (1)
- Multiple factor models (1)
- Multiple hypothesis testing (1)
- Multipler Wechselkurs (1)
- Multiplicative Error Models (1)
- Multitasking (1)
- Multivariate Stable Distribution (1)
- Multivariate time series (1)
- Mundellian trilemma (1)
- Music (1)
- Mutual Fund Persistence (1)
- Mutual Funds (1)
- Mutual funds (1)
- Mutuality principle (1)
- Mutually Exciting Processes (1)
- Mutually exciting processes (1)
- Münze (1)
- Münzgewinn (1)
- Münzwesen (1)
- NAV-price-spread (1)
- NCAs (1)
- NFT (1)
- NLP (1)
- Nachhaltigkeitsziele (1)
- Nachholende Entwicklung (1)
- Namibia (1)
- Narrative Approach (1)
- Narrative Identification (1)
- Narrative disclosures (1)
- Narrow Banking (1)
- Nascent ventures (1)
- Nasdaq (1)
- Nash Bargaining (1)
- Nash equilibrium (1)
- National Accounting (1)
- Nationalsozialismus (1)
- Natural Language Processing (1)
- Natural experiments (1)
- Naturkatastrophe (1)
- Natürliche Ressourcen (1)
- Negative Einkommensteuer (1)
- Negative home equity (1)
- Negativzinsen (1)
- Nelson-Siegel curve (1)
- Nelson-Siegel model (1)
- Neolithikum (1)
- Net Foreign Assets (1)
- Net Worth (1)
- Net-zero transition (1)
- Network Combination (1)
- Network Communities (1)
- Network theory (1)
- Netzwerktheorie (1)
- Neuartige Sanitärsysteme (1)
- Neuer Markt, Börse (1)
- Neues Produkt (1)
- Neural Network (1)
- Neuronales Netz (1)
- Neuseeland (1)
- Neutralität des Geldes (1)
- New Keynesian DSGE (1)
- New Keynesian Models (1)
- New Keynesian macro-epidemic models (1)
- New Keynesian models (1)
- New Neoclassical synthesis (1)
- New product development processes (1)
- New vehicles (1)
- New-Keynesian Models (1)
- Newly public frms (1)
- News (1)
- News Releases (1)
- News Sentiment (1)
- News media sentiment (1)
- Next Generation EU (1)
- Nicht-stationäre Paneldaten (1)
- Nichtlineare Analysis (1)
- Nichtlineare Zeitreihenanalyse (1)
- Nichtlineares mathematisches Modell (1)
- Nichtparametrische Statistik (1)
- Nichtparametrisches Verfahren (1)
- Niedrigeinkommen (1)
- Niedriglohn (1)
- Niedrigzinsen (1)
- Niedrigzinsphase (1)
- Niedrigzinsumfeld (1)
- Nominal Rigidities (1)
- Nominal Wage Rigidity (1)
- Non-Compete Agreements (1)
- Non-Display Order (1)
- Non-Fungible Tokens (1)
- Non-bank lead arrangers (1)
- Non-fungible tokens (NFTs) (1)
- Non-governmental Organizations (1)
- Non-linear pricing design (1)
- Nonlinear Bayesian Estimation (1)
- Nonlinear Cointegration (1)
- Nonlinear Optimal Policy (1)
- Nonlinear Policy (1)
- Nonlinear solution methods (1)
- Nonlinearity (1)
- Nordrhein-Westfalen (1)
- Norway (1)
- Norwegian banking crisis (1)
- Number of Lenders (1)
- Number of lenders (1)
- Numerical Solution (1)
- Nutzen (1)
- Nutzenfunktion (1)
- Nutzenmaximierung (1)
- OPEC (1)
- ORSA (1)
- OTC (1)
- OTC Markets (1)
- OTC derivatives (1)
- OTC-Märkte (1)
- Obfuscation (1)
- Occasionally Binding Constraint (1)
- Occasionally Binding Constraints (1)
- Offenlegungspflichten (1)
- Offline advertising (1)
- Oil (1)
- Oil Industry (1)
- Oil market (1)
- Older Population (1)
- On-the-Job Search (1)
- Online Advertising (1)
- Online Poker (1)
- Online Surveys (1)
- Open Economy (1)
- Open banking (1)
- Open data data (1)
- Open economy DSGE models (1)
- Open-End Funds (1)
- Open-end real estate funds (1)
- Opening Auction (1)
- Opening Call Auction (1)
- Opening Price (1)
- Operational Risk (1)
- Optimal Asset Allocation (1)
- Optimal Industrial Policies (1)
- Optimal Policy (1)
- Optimal Policy Mix (1)
- Optimal Regulation (1)
- Optimal matching techniques (1)
- Optimal mix of wind and solar PV (1)
- Optimal monetary policy (1)
- Optimal redistribution (1)
- Optimierung (1)
- Option (1)
- Option Pricing (1)
- Option-implied Risk (1)
- Option-pricing Model (1)
- Optionspreistheorie / Hedging / Stochastischer Prozess / Theorie (1)
- Order Entry (1)
- Order Flow (1)
- Order Placement Strategy (1)
- Orderbuch (1)
- Ordnungspolitik (1)
- Ordnungsrahmen (1)
- Organhaftung (1)
- Organisationsfrage (1)
- Organisationsgestaltung (1)
- Organisationshandeln (1)
- Organisationspflichten von Banken (1)
- Organizational Change (1)
- Organizational Economics (1)
- Organizational Theory (1)
- Organizational communication (1)
- Original sin (1)
- Ortsbasierte Dienste (1)
- Ortsübliche Vergleichsmiete (1)
- Osteuropa (1)
- Osteuropäische Einwanderin (1)
- Output Gap Uncertainty (1)
- Output Growth (1)
- Output and Inflation Persistence (1)
- Outright Monetary Transactions (1)
- Outsourcing (1)
- Over-Confidence (1)
- Overbidding (1)
- Overfunding (1)
- Overvaluation Hypothesis (1)
- Own Self Risk Assessment (1)
- Ownership (1)
- Ownership structures (1)
- PIPL (1)
- PPP (1)
- Paid search advertising (1)
- Panama Papers (1)
- Pandemic (1)
- Panel Analysis (1)
- Panel Analysis of Bidding Behavior (1)
- Panel Cointegration (1)
- Panel Sample Selection Models (1)
- Panel Threshold Models (1)
- Panel VAR (1)
- Panelanalyse (1)
- Panelverfahren (1)
- Papierindustrie (1)
- Parameter Uncertainty (1)
- Parental unemployment (1)
- Pareto Inferior (1)
- Pareto-Optimum (1)
- Paris (1)
- Partial Information (1)
- Partizipation (1)
- Partner Matching (1)
- Passive investment (1)
- Patents/patent laws (1)
- Path dependency (1)
- Patience (1)
- Paul Volcker (1)
- Paycheck Sensitivity (1)
- Pecuniary Externalities (1)
- Pecuniary Externality (1)
- Peer Effects (1)
- Peer effects (1)
- Peers (1)
- Pension Finance (1)
- Pension system (1)
- Pensions Dashboard (1)
- Pensionsgeschäft (1)
- Pensionskasse (1)
- Perceptions (1)
- Perfect Sequential Equilibrium (1)
- Performance Gap (1)
- Performance Measurement (1)
- Permanent and Transitory Decomposition (1)
- Permanent-Income Hypothesis (1)
- Persistent and Transitory Income Shocks (1)
- Personal Finance (1)
- Personalaufwendung (1)
- Personalausgaben (1)
- Personalbeschaffung (1)
- Personality traits (1)
- Personalleiter (1)
- Personalverhaltensbeeinflussung (1)
- Personenbezogene Daten (1)
- Personnel Economics (1)
- Persönlichkeitsbeurteilung (1)
- Persönlichkeitsdiagnostik (1)
- Persönlichkeitstest (1)
- Petroleum-based Economies (1)
- Petty, William (1)
- Pflichtrotation (1)
- Phillips curve (1)
- Philosophie der Ökonomie (1)
- Philosophie und Wirtschaft (1)
- Physics (1)
- Pigouvian tax (1)
- Pivotality (1)
- Plaintiff Lawyers (1)
- Planned economy (1)
- Planning (1)
- Planungsrechnung (1)
- Plastics (1)
- Platform design (1)
- Plattform (1)
- Point-Mass Mixture (1)
- Point-mass Mixture (1)
- Pokémon Go (1)
- Polanyi (1)
- Policy Analysis (1)
- Policy Effects (1)
- Policy measures in the EU (1)
- Political Economy (1)
- Political arithmetic, or a discourse concerning the extent and value of lands, people, buildings (1)
- Political conflict (1)
- Politikberatung (1)
- Politikgestaltung volkswirtschaftlicher Institutionen (1)
- Politische Arithmetik (1)
- Politische Rede (1)
- Politischer Streik (1)
- Politisches Handeln <Motiv> (1)
- Pollution (1)
- Pollution haven hypothesis (1)
- Population Aging (1)
- Portfolio (1)
- Portfolio Allocation (1)
- Portfolio Inertia (1)
- Portfolio Management (1)
- Portfolio Rebalancing (1)
- Portfolio selection (1)
- Portfolio-Investition (1)
- Portfolio-Management (1)
- Portfoliooptimierung (1)
- Portfolios (1)
- Positive semidefiniteness (1)
- Potential Output (1)
- Potenzial (1)
- Power plant (1)
- Power system model (1)
- Prag <2008> (1)
- Pre-Opening (1)
- Pre-averaging (1)
- Preference Interaction (1)
- Preference Stability (1)
- Preference Uncertainty (1)
- Preference for early resolution of uncertainty (1)
- Preference survey module (1)
- Preiselastizität (1)
- Preisindex (1)
- Preispromotions (1)
- Preisstabilität (1)
- Preiswettbewerb (1)
- Preisänderung (1)
- Prekäre Wissenschaft (1)
- Pressemitteilungen (1)
- Prestige (1)
- Preußen (1)
- Price Competition (1)
- Price Expectations (1)
- Price Impact (1)
- Price Pressures (1)
- Price Promotions (1)
- Price Stability (1)
- Price Uncertainty (1)
- Price competition (1)
- Price differentiation (1)
- Price discovery (1)
- Price elasticity of gasoline demand (1)
- Price-matching (1)
- Pricing (1)
- Pricing Determinants (1)
- Pricing bubbles (1)
- Pride (1)
- Prior (1)
- Privacy Concerns (1)
- Privacy Policies (1)
- Privacy concerns (1)
- Private Altersversorgung (1)
- Private Altersvorsorge (1)
- Private Business (1)
- Private Public Partnership (PPP) (1)
- Private benefits (1)
- Private debt (1)
- Private investment in public equity (PIPE) (1)
- Private values (1)
- Privater (1)
- Privatisierung (1)
- Privatsphärenschutztechnik (1)
- Prize Stabilization (1)
- Pro-Rata (1)
- Probabilistic Insurance (1)
- Probability Weighting Function (1)
- Processing Fluency (1)
- Product Market Deregulation (1)
- Product design (1)
- Product life cycle (1)
- Product returns (1)
- Product usage (1)
- Production (1)
- Production Economy (1)
- Production of disclosures (1)
- Production, Saving, Consumption and Investment Forecasting (1)
- Production-based asset pricing (1)
- Productivity and Growth (1)
- Productivity growth (1)
- Produktionspotenzial (1)
- Produktivitätsunterschiede (1)
- Professionalisierung der Aufsichtsratstätigkeit (1)
- Professionalism (1)
- Profit (1)
- Profits and distribution (1)
- Prognoseauswertung (1)
- Prognosemarkt (1)
- Program Evaluation (1)
- Prokurist (1)
- Prokuristin (1)
- Propagation mechanism (1)
- Propensity score matching (1)
- Property rights (1)
- Proprietary Trading (1)
- Prosociality (1)
- Prospektprüfung (1)
- Prostituierte (1)
- Prudence (1)
- Prudential filter (1)
- Prämie (1)
- Prüfung (1)
- Psychologische Diagnostik (1)
- Public Finance (1)
- Public Goods (1)
- Public Housing (1)
- Public Policy (1)
- Public financial news (1)
- Public pension funds (1)
- Public procurement (1)
- Public-Private Partnerships (1)
- Puffer (1)
- Pump-and-dump schemes (1)
- Pythagorean theorem (1)
- QE (1)
- Quadratic Variation (1)
- Qualifikation (1)
- Qualifikationen (1)
- Qualifikationsstruktur der Beschäftigung (1)
- Qualifikatorische Lohnstruktur (1)
- Qualitätsmanagement (1)
- Quanten-Spieltheorie (1)
- Quantile Causality (1)
- Quantile Regression (1)
- Quantile regression (1)
- Quantilsregressionen (1)
- Quantitative Lockerung (1)
- Quantitative trade models (1)
- Quantity Equation (1)
- Quantitätstheorie (1)
- Quantum Game Theory (1)
- Quelle (1)
- Question Framing (1)
- Quid-pro-quo Mechanism (1)
- R&D Collaboration (1)
- R&D Investment (1)
- R&D expenses (1)
- R&D policy (1)
- R. Layard (1)
- R. Thaler (1)
- RBC (1)
- RCT (1)
- REITs (1)
- Raiffeisenbank (1)
- Ramsey planner (1)
- Range-based estimation (1)
- Rating Process (1)
- Rational Inattention (1)
- Rationale Erwartung (1)
- Reaction Function (1)
- Reaktionsfunktion (1)
- Real Estate Investments (1)
- Real Estate Securities (1)
- Real Exchange Rate (1)
- Real GDP (1)
- Real Interest Rates (1)
- Real Wage Rigidities (1)
- Real effects (1)
- Real estate (1)
- Real estate investments (1)
- Real options (1)
- Real-Time Data (1)
- Real-time data (1)
- Realer Wechselkurs (1)
- Realization Utility (1)
- Realized Kernel (1)
- Realized Volatility (1)
- Realoption (1)
- Realzins (1)
- Rechnungslegung (1)
- Rechtsdurchsetzung (1)
- Rechtsnormen (1)
- Rechtsordnung (1)
- Rechtspolitik (1)
- Rechtsprechung (1)
- Rechtsreform (1)
- Record resolution (1)
- Recursive Least Squares (1)
- Recursive Saddlepoint Method (1)
- Recursive Utility (1)
- Redemptions (1)
- Reduktion (1)
- Reference Point (1)
- Referrals (1)
- Reformation (1)
- Refugees (1)
- Regelberichterstattung (1)
- Regime switching (1)
- Regional Entrepreneurship (1)
- Regional Inflation Dynamics (1)
- Regional conditions (1)
- Regionalanalyse (1)
- Regionale Arbeitsteilung (1)
- Regionalentwicklung (1)
- Registration cost (1)
- Regression / Schätztheorie / Theorie (1)
- Regression Discontinuity (1)
- Regret (1)
- Regularization (1)
- Regularized regression (1)
- Regulation Capital Requirements (1)
- Regulation of Financial Institutions (1)
- Regulations (1)
- Regulatory Arbitrage (1)
- Regulatory Capture (1)
- Regulatory Committee (1)
- Reichsverband weiblicher Hausangestellten Deutschlands (1919-) (1)
- Reiserecht (1)
- Rekommunalisierung (1)
- Rekultivierung (1)
- Related Party Transactions (1)
- Relational contracts (1)
- Relationship banking (1)
- Relative Preisvariabilität (1)
- Religion (1)
- Renegotiation (1)
- Renewable power generation (1)
- Rent-Seeking (1)
- Rente (1)
- Renten (1)
- Rentenalter (1)
- Rentenniveau (1)
- Rententransparenz (1)
- Rentenversicherung (1)
- Rents (1)
- Reorganization (1)
- Repeated Games (1)
- Repeated Principal-Agent Model (1)
- Repo Markets (1)
- Repo Specialness (1)
- Reporting Standards (1)
- Representative Consumer (1)
- Reproduktionszahlen (1)
- Research and development (1)
- Research and market linkages (1)
- Research design (1)
- Research impact assessment (1)
- Reserve Orders (1)
- Reserve Requirements (1)
- Reserve requirements (1)
- Residual Income (1)
- Resiliency (1)
- Resolution Planning (1)
- Resource Acquisition (1)
- Resource Based View (1)
- Responsibilisierung (1)
- Responsible investment (1)
- Restructuring (1)
- Restrukturierungsgesetz (1)
- Retail Banking (1)
- Retail Challenge (1)
- Retail gasoline (1)
- Retail gasoline price (1)
- Retirement Accounts (1)
- Retirement Security (1)
- Retirement Seminars (1)
- Retirement and Retirement Policies (1)
- Retirement planning (1)
- Retirement saving (1)
- Return (1)
- Return Risk (1)
- Return predictability (1)
- Returns to Education (1)
- Returns to experience (1)
- Reversible Jump Markov Chain Monte Carlo (1)
- Revisions (1)
- Revolving Debt (1)
- Rhein-Main-Gebiet (1)
- Rheinland-Pfalz (1)
- Riester-Rente (1)
- Rights Offerings (1)
- Risikoaggregation (1)
- Risikoaversion (1)
- Risikobegrenzung (1)
- Risikobereitschaft (1)
- Risikokapitalallokation (1)
- Risikokommunikation (1)
- Risikomaße (1)
- Risikomessung (1)
- Risikoprämien (1)
- Risikoverhalten (1)
- Risk Beliefs (1)
- Risk Management of Insurance Companies (1)
- Risk Measurement (1)
- Risk Pooling (1)
- Risk Premiums (1)
- Risk Taking (1)
- Risk capital allocation (1)
- Risk channel (1)
- Risk communication (1)
- Risk factors (1)
- Risk limiting (1)
- Risk measurement (1)
- Risk neutral valuation (1)
- Risk sharing (1)
- Risk taking (1)
- Risk-Return Characteristics (1)
- Risk-neutral densities (1)
- Risk-premium (1)
- Risk-taking (1)
- Riskfree Rate (1)
- Risky Decision (1)
- Robo-Advising (1)
- Robo-Advisory (1)
- Robust Simple Rules (1)
- Rousseau (1)
- Routine Medical Care (1)
- Rubin Causal Model (1)
- Rudolf Eucken (1)
- Ruhegeld (1)
- Rule-of-Thumb Consumers (1)
- Rumänien (1)
- Russian Economy (1)
- Russian Sanction (1)
- Rückversicherung (1)
- Rückversicherungsvertrag (1)
- S corporations (1)
- S&P 500 (1)
- SEC (1)
- SHARE, Projekt (1)
- SIFI (1)
- SME (1)
- SME Trading (1)
- SPR (1)
- SRB (1)
- SRF (1)
- STAR GARCH (1)
- STS (simple, transparent, and standardized securitizations) (1)
- Sachversicherung (1)
- Saint-Simonismus (1)
- Sales (1)
- Salin (1)
- Sample-based longitudinal study (1)
- Sampling Schemes (1)
- Sanktionen (1)
- Saving Behavior (1)
- Saving Decisions (1)
- Saving puzzles (1)
- Savings (1)
- Say on Pay (1)
- Scenario (1)
- Scenario analysis (1)
- Schadensersatz (1)
- Schadensindex (1)
- Schadenversicherung (1)
- Scheingewinn (1)
- Schenkungsteuer (1)
- Schifffahrt (1)
- Schneeballsystem (1)
- Schuldnerland (1)
- Science policy (1)
- Search Frictions (1)
- Search Model (1)
- Seasonality of the Trading Process (1)
- Seasoned Equity Offerings (1)
- Secondary Loan Markets (1)
- Secondary market (1)
- Sectoral Asset Diversification (1)
- Sectoral Heterogeneity (1)
- Securities Market Regulation (1)
- Securities Regulation (1)
- Securities regulation (1)
- Security concerns (1)
- Seehandel (1)
- Seeräuber (1)
- Seeversicherung (1)
- Segmentation (1)
- Selbst-Organisation (1)
- Selbstbeteiligung (1)
- Selektivität (1)
- Self Control (1)
- Self-Control (1)
- Self-exciting point process (1)
- Self-regulation (1)
- Selling Behavior (1)
- Selling Decisions (1)
- Seltenerdmetall (1)
- Semiparametric Model (1)
- Senegal (1)
- Sensitivität (1)
- Sentiment Analysis (1)
- Sentiment analysis (1)
- Sequence analyses (1)
- Sequential Policy (1)
- Serbia (1)
- Serial Correlation (1)
- Services Trade (1)
- Settlement (1)
- Settlement Latency (1)
- Seychellen (1)
- Shadow Banking (1)
- Shannon capacity (1)
- Shapley-Lösung (1)
- Shareholder (1)
- Shareholder Letters (1)
- Shareholder Rights Directive (1)
- Shareholder Value (1)
- Shareholder value (1)
- Shareholder wealth (1)
- Short Selling Constraints (1)
- Short-run Risk (1)
- Short-run and long-run inflation expectations (1)
- Short-time work (1)
- Shortfall (1)
- Sicherheitenmarge (1)
- Sicherheitspolitik (1)
- Sicherstellungspflichten von Geschäftsleitern (1)
- Signaling Game (1)
- Silbermarkt (1)
- Similarity (1)
- Similarity encoding (1)
- Sin Stocks (1)
- Single Banking Market (1)
- Single Resolution Mechanism (SRM) (1)
- Single Supervisy Mechanism (1)
- Single question approach (1)
- Skalenertrag (1)
- Skill acquisition (1)
- Sklaverei (1)
- Skonto (1)
- Slow-Moving Capital (1)
- Slow-moving capital (1)
- Small Business (1)
- Small Open Economy Models (1)
- Small businesses (1)
- Small-Caps (1)
- Smart Decision Making (1)
- SoFFin (1)
- Sociability (1)
- Social (1)
- Social Capital (1)
- Social Impact (1)
- Social Interactions (1)
- Social Learning (1)
- Social Norms (1)
- Social Policy (1)
- Social Security Reform (1)
- Social Security and Public Pensions (1)
- Social Security claiming (1)
- Social Security claiming age (1)
- Social Security reform (1)
- Social Security solvency (1)
- Social and Governance (ESG) (1)
- Social interactions (1)
- Social networking site (1)
- Social networks (1)
- Social trading (1)
- Socially responsible investing (1)
- Socially responsible investments (1)
- Society (1)
- Socio-Economic Systems (1)
- Sociology of Finance (1)
- Soft Information (1)
- Soft infomation (1)
- Softwarehaus (1)
- Soloselbstständige (1)
- Solvabilitätsrichtlinien (1)
- Solvency regulation (1)
- Sophie Kwaak (1)
- South-Eastern Europe (1)
- Sovereign (1)
- Sovereign Bond Markets (1)
- Sovereign Bonds (1)
- Sovereign CDS (1)
- Sovereign Credit Risk (1)
- Sovereign Debt Restructuring Mechanism (1)
- Sovereign Wealth Funds (1)
- Sovereign credit risk (1)
- Sovereign debt crisis (1)
- Sovereign guarantees (1)
- Sovereign risk (1)
- Sovereign wealth funds (1)
- Sowjetunion (1)
- Sozialdemokratische Frauenkonferenz (Wien, 1908) (1)
- Soziale Herkunft (1)
- Soziale Interaktion (1)
- Soziale Situation (1)
- Sozialpartnerschaft (1)
- Sozialpolitik (1)
- Sozialstruktur (1)
- Sozialversicherung (1)
- Spanish reproductive bioeconomy (1)
- Sparse estimation (1)
- Sparsity (1)
- Spatial autoregressive model (1)
- Spatial competition (1)
- Spatial econometrics (1)
- Spatially adaptive sparse grids (1)
- Specialist Trading (1)
- Spectral Decomposition (1)
- Speculative attacks (1)
- Speculative bubbles (1)
- Spende (1)
- Spezifität (1)
- Spike–and–Slab prior (1)
- Spill-over-Effekt (1)
- Spillover Effects (1)
- Spillover-Effekte (1)
- Spillovers (1)
- Spotify (1)
- Sprachkritik (1)
- Squeeze-Out (1)
- Sraffian economics (1)
- Staat (1)
- Staatsanleihe Staatsanleihe (1)
- Staatsaufsicht (1)
- Staatsschuld (1)
- Staatsverschuldung (1)
- Stability (1)
- Stabilitäts- und Wachstumspakt (1)
- Stablecoins (1)
- Stadtentwicklung (1)
- Stadtteilplanung (1)
- Stadtökonomie (1)
- Stages (1)
- Stagnation (1)
- Standard Setting (1)
- Standards (1)
- Standorttheorie (1)
- Standortwahl (1)
- Standortwettbewerb (1)
- State and local government (1)
- State-Dependent Pricing (1)
- States (1)
- Stationarity (1)
- Stationary Equilibrium (1)
- Statistik 1998-2003 (1)
- Statistik 2004-2005 (1)
- Status organizations (1)
- Stay-Home (1)
- Stefan (1)
- Sterling (1)
- Steuergelder (1)
- Steuerhinterziehung (1)
- Steuern (1)
- Steueroasen (1)
- Steuerprogression (1)
- Steuerrecht (1)
- Steuerrückstellung (1)
- Steuersatz (1)
- Steuervermeidung (1)
- Steuerwirkung (1)
- Stewardship Exit Strategy (1)
- Sticky Information (1)
- Stiglitz (1)
- Stiglitz, Joseph E. (1)
- Stochastic Discount Factor (1)
- Stochastic General Equilibrium Model (1)
- Stochastic Growth Model (1)
- Stochastic Search Variable Selection (1)
- Stochastic jumps (1)
- Stochastische dynamische Optimierung (1)
- Stock Exchanges (1)
- Stock Market Dynamic Interactions (1)
- Stock Market Returns (1)
- Stock Markets (1)
- Stock Returns (1)
- Stock Trading (1)
- Stock market wealth (1)
- Stock markets (1)
- Stornorisiko (1)
- Strategic Complementarity (1)
- Strategic investors (1)
- Strategieberichterstattung (1)
- Strategischer Rohstoff (1)
- Structural Bank Reform (1)
- Structural Change (1)
- Structural VAR (1)
- Structural VAR Approach (1)
- Structural change (1)
- Structural estimation (1)
- Structural policies (1)
- Structured retail products (1)
- Struktur (1)
- Strukturanpassung (1)
- Strukturanpassungen (1)
- Sturmversicherung (1)
- Stückkosten (1)
- Subjectivation (1)
- Subjective Survival Beliefs (1)
- Subjective expectations (1)
- Subsidization (1)
- Success Rates (1)
- Such-Matching- Sortierung (1)
- Suchfriktionen (1)
- Superlative (1)
- Supervised hierarchical clustering (1)
- Supervision (1)
- Supervisory Achitecture (1)
- Supervisory Relief Measures (1)
- Supplemental work (1)
- Surrender (1)
- Surrender Options (1)
- Surveillance (1)
- Survey (1)
- Survey Methods (1)
- Sustainability-Linked Bonds (1)
- Sustainability-Linked Loans (1)
- Sustainabilty (1)
- Sustainable Development Goals (1)
- Sustainable Finance Disclosure Regulation (1)
- Sustainable finance (1)
- Sustainable finance literacy (1)
- Swap (1)
- Sweden (1)
- Swiss Army Knife (1)
- Sydney (1)
- Sydney Stock Exchange (1)
- Symbolic Power (1)
- Symbolismus (1)
- Syndicated Loans (1)
- Syndication (1)
- Systematic review (1)
- Systematisches Risiko (1)
- Systemic events (1)
- Szenarien (1)
- Szenarioanalyse (1)
- Südhessen (1)
- Südkorea (1)
- Süssmilch, Johann Peter (1)
- TARGET balances (1)
- TARGET-Salden (1)
- TARGET2 (1)
- TARP (1)
- TIPS–Treasury puzzle (1)
- TLTRO (1)
- TRACE (1)
- Tageswert (1)
- Tail correlation (1)
- Takeover speculation (1)
- Takeovers (1)
- Target 2 (1)
- Target Costing (1)
- Tarifvertrag (1)
- Tarifvertragsrecht (1)
- Tariföffnungsklausel (1)
- Taschenbuch (1)
- Tax Cuts (1)
- Tax Cuts and Jobs Act (1)
- Tax Distortions (1)
- Tax Multiplier (1)
- Tax Rebates (1)
- Tax policy (1)
- Taxation (1)
- Taxonomie (1)
- Taxonomy Regulation (1)
- Taylor Regel (1)
- Taylor-Regel (1)
- Technische Innovation (1)
- Technologieförderung (1)
- Technologieunternehmen (1)
- Technology (1)
- Technology Adoption (1)
- Technology Park (1)
- Technology Shocks (1)
- Technology spillover (1)
- Telekommunikationswirtschaft (1)
- Temperature variability (1)
- Temporal aggregation (1)
- Term Structure Modelling (1)
- Terminmarkt (1)
- Terminplanung (1)
- Terms of Trade (1)
- Terrorism (1)
- Testen (1)
- Text analysis (1)
- Textilarbeiterbewegung (1)
- Textilarbeiterin (1)
- Textual Sentiment (1)
- Textual analysis (1)
- Textual sentiment (1)
- Textual similarity (1)
- The Community Reinvestment Act (1)
- The economics of rumours (1)
- Theft (1)
- Theologische Ethik (1)
- Theoretical Classification (1)
- Theoriegeschichte (1)
- Theory of Planned Behavior (1)
- Theory of the Firm (1)
- Third-Party Data (1)
- Thomas Pogge (1)
- Threshold Error Correction (1)
- Thyssen, August (1)
- Tick Size (1)
- Tilgung (1)
- Time continuous valuation (1)
- Time preference (1)
- Time variation (1)
- Time-Consistency (1)
- Time-varying networks (1)
- Timing (1)
- Timing risk (1)
- Tobin tax (1)
- Tobit panel data regressions (1)
- Tone (1)
- Too big to fail (1)
- Too-Big-To-Fail (1)
- Too-big-to-fail (1)
- Top 1% (1)
- Toxic Emissions (1)
- Trade Integration (1)
- Trade-sale Rights (1)
- Trading restrictions (1)
- Trading strategy (1)
- Trading volume (1)
- Trados (1)
- Transaction Data (1)
- Transaction costs (1)
- Transaction durations (1)
- Transaktionskostenansatz (1)
- Transferzahlungen (1)
- Transformation (1)
- Transformation problem (1)
- Transition (1)
- Transition Financing (1)
- Transitional Dynamics (1)
- Transmission Mechanism (1)
- Transnationalisierung (1)
- Transnationalization (1)
- Transparency Aversion (1)
- Transparenz Aversion (1)
- Treasury Futures (1)
- Tree-based models (1)
- Treuhänder (1)
- Triple Difference Estimator (1)
- Trust Beliefs (1)
- Trust Game (1)
- Trustworthiness (1)
- Tunneling (1)
- Turkey (1)
- Turning points (1)
- Tying (1)
- U.S. Banking Industry (1)
- U.S. oil independence (1)
- UBS - Schweizerische Bankgesellschaft (1)
- UK (1)
- UK-Environment (1)
- US culture (1)
- US monetary aggregates (1)
- US top-wealth shares (1)
- US-Dollar (1)
- USA / Board of Governors of the Federal Reserve System (1)
- USA / President (1)
- USA / Securities and Exchange Commission (1)
- UV radiation (1)
- Umbrella Policies (1)
- Umweltpolitik (1)
- Umweltverträglichkeit (1)
- Unabhängigkeit (1)
- Unconventional Monetary policy (1)
- Under Risk (1)
- Underwriter (1)
- Undiversifiable Earnings Risk (1)
- Unemployment volatility (1)
- Unendliches Spiel (1)
- Unfinished tasks (1)
- Ungarn (1)
- Ungleichheit (1)
- Unit root (1)
- Universal Banking (1)
- Universal banks (1)
- University governance (1)
- University-industry linkages (1)
- Unknown probabilities (1)
- Unobserved Component Models (1)
- Unsichtbarer Handel (1)
- Unterbewertung (1)
- Untermain (1)
- Unternehmensberater (1)
- Unternehmensberaterin (1)
- Unternehmensberatung (1)
- Unternehmensbesteuerung (1)
- Unternehmensbewertung (1)
- Unternehmenserfolg (1)
- Unternehmensgröße (1)
- Unternehmenskauf (1)
- Unternehmenskonzentration (1)
- Unternehmensmodell (1)
- Unternehmensorganisation und Strategie (1)
- Unternehmensveräußerung (1)
- Unternehmenswachstum (1)
- Unternehmenswert (1)
- Unternehmensziele (1)
- Up-front fees (1)
- Upside Risk (1)
- Urban (1)
- Urban economics (1)
- Usage intensity (1)
- Usambara (1)
- Utility Functions (1)
- Utility Maximization (1)
- Utility Theory (1)
- Utilization (1)
- Utopie (1)
- VAR Modeling (1)
- VAR estimation (1)
- VARs (1)
- VLCC (1)
- Validation (1)
- Value creation (1)
- Value premium (1)
- Variable annuity (1)
- Variance Risk Premium (1)
- Varietät (1)
- Vector Autoregression (1)
- Vehicle registration tax (1)
- Vektoranalysis (1)
- Venue Choice (1)
- Verdienststrukturen (1)
- Verdopplungszeit (1)
- Vereinigte Staaten (1)
- Vereinigtes Königreich (1)
- Vereinsrecht (1)
- Vergangenheitsbewältigung (1)
- Vergleichende Politische Ökonomie (1)
- Vergütungssysteme (1)
- Verhaltensökonomie (1)
- Verhandlungsspiel (1)
- Verhandlungstheorie (1)
- Verkäuferin (1)
- Verlust (1)
- Verlustbeteiligung (1)
- Verlustrücktrag (1)
- Vermögen (1)
- Vermögensanlagen (1)
- Vermögensaufteilung (1)
- Vermögenskonzentrationsrisiko (1)
- Vermögenspreise (1)
- Vernetzung (1)
- Versicherungsaktien (1)
- Versicherungsaktiengesellschaft (1)
- Versicherungsaufsichtsrecht (1)
- Versicherungsbetrieb (1)
- Versicherungsnehmer (1)
- Versicherungsschutz (1)
- Versicherungsunternehmen (1)
- Versicherungsverein auf Gegenseitigkeit (1)
- Versicherungsvertrag (1)
- Versicherungswissenschaft (1)
- Versorgungsform (1)
- Vertical Integration (1)
- Vertical R&D (1)
- Vertrag über die Arbeitsweise der EU (AEUV) (1)
- Vertragsrecht (1)
- Vertragsschluss (1)
- Verwaltungsreform (1)
- Verweildauer (1)
- Verwertungsstrategien (1)
- Videospiel (1)
- Viktor Vanberg (1)
- Virtual reality (1)
- Virtuelle Börse (1)
- Visual Complexity (1)
- Visual Prototypicality (1)
- Volatilität / Risikoprämie / Statistischer Test / Optionspreistheorie / Stochastischer Prozess / Theorie (1)
- Volcker Rule (1)
- Volksbank (1)
- Volkswirtschaftslehre (1)
- Vollständigkeit des Marktes (1)
- Vor- und Frühgeschichte (1)
- Vorgesetzter (1)
- Vorstandsmitglied (1)
- Vorstandsvergütung (1)
- Vorteil (1)
- WHO alerts (1)
- WOM (Word-of-Mouth) (1)
- Wachstum (1)
- Wachstumstheorie (1)
- Wage Setting (1)
- Wage inertia (1)
- Wage rigidity (1)
- Wages (1)
- Wagner's Law (1)
- Wagnisfinanzierungsgesellschaft (1)
- Wahrscheinlichkeitsverteilung (1)
- Wandelschuldverschreibung (1)
- Warsaw (1)
- Washington <DC, 2008> (1)
- Wasser 4.0 (1)
- Watchlist (1)
- Weak Instruments (1)
- Weak moment inequalities (1)
- Wealth Accumulation (1)
- Wealth Decumulation (1)
- Wealth Distribution (1)
- Wealth Effect (1)
- Wealth Holdings (1)
- Wealth Losses (1)
- Wealth effects (1)
- Wealth shocks (1)
- Wechselkurspolitik (1)
- Weimarer Republik (1)
- Weiterbildung (1)
- Welfare Costs (1)
- Welt (1)
- Weltgesellschaft (1)
- Weltstadt (1)
- Wertanalyse / Shareholder Value / Erfolgsrechnung / Ökonomischer Anreiz / Betriebliche Kennzahl / Theorie / performance measurement (1)
- Wertberichtigung Wertberichtigung (1)
- Wertmanagement (1)
- Wertpapierberatung (1)
- Wertpapiere (1)
- Wertpapierhandelsgesetz (WpHG) (1)
- Wertpapierkurs (1)
- Wertpapiermärkte (1)
- Wertpapierrecht (1)
- Wertschöpfungskette (1)
- Westdeutsche Landesbank (1)
- Westdeutschland (1)
- Westeuropa (1)
- Westhessen (1)
- Wettervorhersage (1)
- Wild bootstrap (1)
- Wilhelm Röpke (1)
- Willingness to pay (1)
- Windenergie (1)
- Windfalls (1)
- Windkraftwerk (1)
- Winner’s Curse (1)
- Wirtschaftliche Abhängigkeit (1)
- Wirtschaftliche Stabilität (1)
- Wirtschaftlicher Dualismus (1)
- Wirtschaftpolitik (1)
- Wirtschaftsaufsicht (1)
- Wirtschaftsberichterstattung (1)
- Wirtschaftsforschung (1)
- Wirtschaftsförderung (1)
- Wirtschaftsgeographie (1)
- Wirtschaftsgut (1)
- Wirtschaftsmacht (1)
- Wirtschaftsmodell (1)
- Wirtschaftspolitisches Ziel (1)
- Wirtschaftsregulierung (1)
- Wirtschaftssektor (1)
- Wirtschaftsstruktur (1)
- Wirtschaftstheorie (1)
- Wirtschaftsverfassung (1)
- Wirtschaftswissenschaften (1)
- Wissen (1)
- Wissenschaft (1)
- Wissensmanagement (1)
- Wissenssoziologie (1)
- Wissenstransfer (1)
- Wohlfahrt (1)
- Wohlfahrtsstaat (1)
- Wohnen (1)
- Wohnraum (1)
- Wohnungsfinanzierung (1)
- Wohnungsknappheit (1)
- Women in medicine (1)
- Women in science (1)
- Womenomics (1)
- Word Embedding (1)
- Work-related technology use (1)
- World Yield (1)
- WpHG (1)
- Währung (1)
- Währungspolitik (1)
- Währungssystem (1)
- Währungswettbewerb (1)
- XAI (1)
- Xetra (1)
- Yen (1)
- Yield Curve (1)
- Yield Curve Risk (1)
- Yield curve (1)
- Yield spread (1)
- Young firms (1)
- Zahlungsbedingungen (1)
- Zeit (1)
- Zeitpräferenz (1)
- Zeitstetige Optionsbewertung (1)
- Zentralbankensystem (1)
- Zentralbankgeld (1)
- Zentrales Clearing (1)
- Zentralisierungsgrad der Lohnverhandlungen (1)
- Zentralnbank (1)
- Zentralverband der Handlungsgehilfen (1)
- Zero Bound (1)
- Zetrifikate-Handel (1)
- Zinsparität (1)
- Zinspolitik / Wirtschaftspolitische Wirkungsanalyse / Zinsstruktur / Europäische Wirtschafts- und Währungsunion / EU-Staaten (1)
- Zinsrisiko (1)
- Zinsrisiko der Lebensversicherung (1)
- Zinsspanne (1)
- Zinsspannenrechnung (1)
- Zinsswaps (1)
- Zinstender (1)
- Zinstheorie (1)
- Zinsänderungsrisiko (1)
- Zivilisation (1)
- Zivilprozess (1)
- Zombie Lending (1)
- Zukunft (1)
- Zustandsabhängigkeit (1)
- Zustimmungspflicht (1)
- Zypern (1)
- abduction (1)
- abnormal returns (1)
- absence of arbitrage (1)
- absolute loss (1)
- accounting (1)
- accounting data (1)
- accounting principles (1)
- acquisition cost (1)
- active management (1)
- ad blocker (1)
- ad hoc disclosure rules (1)
- ad-hoc disclosure rules (1)
- adaptation (1)
- adverse selection (1)
- adviser (1)
- affect heuristic (1)
- affine equilibrium model (1)
- age (1)
- age limits (1)
- agent-based modeling (1)
- agglomeration (1)
- aggregate uncertainty (1)
- aging (1)
- agriculture (1)
- aleartory society (1)
- algorithmic trading (1)
- allocation bias (1)
- allocative efficiency (1)
- altruism (1)
- ambiguity aversion (1)
- ambiguity premium (1)
- analysis (1)
- analytic functions (1)
- anchor (1)
- angel finance (1)
- annual general meeting (1)
- annuities (1)
- annuity puzzle (1)
- anticipation (1)
- application programming interface (1)
- argument mining (1)
- argumentation (1)
- art investing (1)
- art investments (1)
- artificial intelligence (1)
- artificially completed markets (1)
- assessment report (1)
- asset management (1)
- asset managers (1)
- asset markets (1)
- asset-backed (1)
- assetbacked securities (1)
- assisted reproductive technologies-ARTs (1)
- asymmetric and private information (1)
- asymmetric shocks (1)
- asymmetry (1)
- atomic power (1)
- attack scenarios (1)
- attitude (1)
- attitudes towards inequality (1)
- auction (1)
- auction format (1)
- audit industry (1)
- audit partners (1)
- audit quality (1)
- audit quality, (1)
- auditor rotation (1)
- automatic enrollment (1)
- automotive sector (1)
- autopoiesis (1)
- autoregressive conditional duration (1)
- autoregressive conditional duration models (1)
- autoregressive conditional duration(ACD) models (1)
- average treatment effect (1)
- background risk (1)
- backtesting, (1)
- backward stochastic differential equation (1)
- bail-in bonds (1)
- balance of payments (1)
- balance sheet adjustment (1)
- balance sheet risk (1)
- ban (1)
- bank (1)
- bank accounting (1)
- bank and non-bank financial intermediation (1)
- bank balance-sheet channel (1)
- bank behavior (1)
- bank bonds (1)
- bank capital ratios (1)
- bank capital requirements (1)
- bank default (1)
- bank distress (1)
- bank funding (1)
- bank integration (1)
- bank lending channel (1)
- bank loan terms (1)
- bank loans (1)
- bank performance (1)
- bank relationship (1)
- bank resolution regimes (1)
- bank sanctions (1)
- bank seserves (1)
- bank stability (1)
- bank strategies (1)
- bank-based financial system (1)
- bank-based financial systems (1)
- banking and treasury functions (1)
- banking networks (1)
- banking resolution (1)
- banking supervision, (1)
- banking system (1)
- banking system liquidity (1)
- banking systems (1)
- bankruptcy (1)
- banks’ funding costs (1)
- bargaining (1)
- barrier options (1)
- base stations (1)
- batteries (1)
- beauty premium (1)
- behavior (1)
- behavioral economics (1)
- behavioral inattention (1)
- behavioral macroeconomics (1)
- belief effect (1)
- belief estimation (1)
- belief formation (1)
- belief updates (1)
- belief updating (1)
- benchmarks (1)
- berufliche räumliche Mobilität (1)
- beta kernel (1)
- betrayal aversion (1)
- betting (1)
- bi-power variation (1)
- biased assimilation (1)
- biased beliefs (1)
- biases (1)
- bicycle planning (1)
- bicycle policy (1)
- bid-ask spreads (1)
- bidder surplus (1)
- bilateral investment treaties (1)
- biofuel (1)
- biofuels (1)
- biometric risks (1)
- bitcoin (1)
- board of directors (1)
- board oversight (1)
- bond auctions (1)
- bond market liquidity (1)
- bond ownership (1)
- bond returns (1)
- bonds (1)
- boom-bust (1)
- booms (1)
- bootstrap (1)
- borrowing (1)
- boundary bias (1)
- box-cox transformation (1)
- bracket creep (1)
- buffer-stock models of saving (1)
- bunker fuel (1)
- bureaucrats' incentives (1)
- business owners wealth (1)
- business segment reports (1)
- calculation (1)
- calendar effects (1)
- call auctions (1)
- capacity constraints (1)
- capacity development (1)
- capacity utilization (1)
- capital adequacy (1)
- capital flows (1)
- capital gains tax (1)
- capital injection to banks (1)
- capital liquidations (1)
- capital maintenance (1)
- capital market (1)
- capital market-based financial systems (1)
- capital ratios (1)
- capital re-cycling (1)
- capital taxation (1)
- capital taxes (1)
- capital-labor ratio (1)
- capitalism (1)
- caps (1)
- capture (1)
- career development (1)
- careers (1)
- cartel damages (1)
- cash (1)
- cash equity markets (1)
- cash flow effects of interest rate policy (1)
- cash flow sensitivity (1)
- cash holdings (1)
- cash-in-advance (1)
- catastrophe bond (1)
- catastrophe risk transfer (1)
- catastrophic events (1)
- catastrophic risk (1)
- causal inferences (1)
- central bank accountability (1)
- central bank governance (1)
- central bank governor (1)
- central bank information effect (1)
- central bank mandates (1)
- central counter parties (1)
- central counterparties (1)
- central counterparty (1)
- central wage bargaining (1)
- centralcounterparty (1)
- centralisation (1)
- centrality metrics (1)
- centralization of wage bargaining (1)
- certainty equivalents (1)
- certification (1)
- channel management (1)
- charisma (1)
- cheating (1)
- chernobyl (1)
- child care (1)
- choice overload (1)
- civil servants (1)
- client involvement (1)
- cliff effect (1)
- climate behavior (1)
- climate policies (1)
- climate risk (1)
- climate-economy models (1)
- climate-related disclosures (1)
- closed-end funds (1)
- cloud service provider (1)
- cluster analysis (1)
- co-determination (1)
- co-residence (1)
- coal (1)
- cognitive abilities (1)
- cognitive conflict (1)
- cognitive load (1)
- cognitive sophistication (1)
- cointegrated systems (1)
- cointegration (1)
- coinvestment (1)
- collateral reuse (1)
- collateralized loan obligations (1)
- collective action (1)
- collective action clauses (1)
- collective litigation (1)
- combined forecasting (1)
- commercial banks (1)
- commodities (1)
- commodity (1)
- common bond (1)
- common factor models (1)
- common ownership (1)
- commutative and distributive justice (1)
- comparability (1)
- comparative research (1)
- comparison (1)
- competition between exchanges (1)
- competition in banking (1)
- competitive equilibrium (1)
- competitive insurance market (1)
- competitiveness (1)
- compliance behavior (1)
- comprehensive assessment (1)
- computer visionbiases (1)
- conditional CAPM (1)
- conditional difference-in-differences (1)
- conditional forecasts (1)
- conditional volatility (1)
- conditionality (1)
- confirmatory biases (1)
- conflict of laws (1)
- conflict rule for securitization (1)
- congestion externality (1)
- conjoint analysis (1)
- connected industries (1)
- conspicuous consumption (1)
- constrained efficiency (1)
- construction procurement (1)
- consumer (1)
- consumer and corporate responsibility (1)
- consumer education (1)
- consumer loans (1)
- consumer prices (1)
- consumption commitments (1)
- consumption dynamics (1)
- consumption expenditure (1)
- consumption heterogeneity (1)
- consumption smoothing (1)
- consumption-based models (1)
- consumption-portfolio decisions (1)
- container (1)
- content analysis (1)
- contest (1)
- contingent capital (1)
- continuous limit order book (1)
- continuous vocational education and training (1)
- continuous vocational education training (1)
- contract addition (1)
- contract econometrics (1)
- contract law (1)
- contract theory (1)
- contractual liability (1)
- contrarian trading (1)
- control (1)
- control by Court of Auditors (1)
- controlled diffusion (1)
- conventional monetary policy (1)
- conÖrmation bias (1)
- cookie (1)
- coordination problems (1)
- copper (1)
- copula (1)
- core Europe (1)
- corona bonds (1)
- corona crisis (1)
- corporate bonds (1)
- corporate control (1)
- corporate credit risk (1)
- corporate debt (1)
- corporate deposits (1)
- corporate governance codes (1)
- corporate income tax (1)
- corporate savings (1)
- corporate taxation (1)
- corporate taxes (1)
- corporategovernance (1)
- correlated random effects probit model (1)
- correlation (1)
- cost and profit efficiency (1)
- cost efficiency (1)
- cost of carry model (1)
- cost-benefit analysis (1)
- counterfactual decompositions (1)
- counterfactual thinking (1)
- country groups (1)
- covariance (1)
- crack spread (1)
- credence goods (1)
- credit card debt (1)
- credit chains (1)
- credit channel (1)
- credit default swap (1)
- credit derivatives (1)
- credit losses (1)
- credit management (1)
- credit market competition (1)
- credit misallocation (1)
- credit rating agencies (1)
- credit risk correlation (1)
- credit volume (1)
- credit-file data set (1)
- creditors runs (1)
- critical thinking (1)
- crop prices (1)
- cross-border assignements (1)
- cross-border insolvency (1)
- cross-border institutions (1)
- cross-border political access (1)
- cross-cultural leadership (1)
- cross-cultural study (1)
- cross-equation restrictions of rational expectations (1)
- cross-regional mobility (1)
- cross-section (1)
- cross-section of expected stock returns (1)
- cross-section of stock return (1)
- cross-section of stock returns (1)
- cross-subsidy (1)
- crossnational comparison Germany and Poland (1)
- cross‐country analysis (1)
- crowdlending (1)
- crowdsponsoring (1)
- cryptocurrency (1)
- cultural factors (1)
- cumulative causation (1)
- currencies (1)
- currency board (1)
- currency competition (1)
- current account (1)
- customer migration (1)
- dark trading (1)
- dash-for-cash (1)
- data snooping (1)
- de-identification (1)
- debt cost (1)
- debt issuance (1)
- debt relief to households (1)
- decentralization theorem (1)
- decision theory (1)
- decision-making (1)
- deep learning (1)
- default effect (1)
- default investment (1)
- default premium (1)
- default term structure (1)
- definition of unemployment (1)
- delay of gratification (1)
- delegated expertise (1)
- delegated monitoring (1)
- deleveraging (1)
- demand curve (1)
- demand elasticities (1)
- demand side constraints of labour supply (1)
- demand-responsive approach (1)
- democracy (1)
- demographic trends (1)
- demographischer Wandel (1)
- deposit guarantee scheme (1)
- deposits (1)
- deregulation (1)
- derivate Finanzinstrumente (1)
- derivates market (1)
- design science (1)
- designated market makers (1)
- developing countries (1)
- development (1)
- development finance (1)
- development policy (1)
- developmental state (1)
- device-to-device communication (1)
- dictator game (1)
- die game milk (1)
- diesel (1)
- differences of opinion (1)
- differential games (1)
- diffusion of norms (1)
- digital money (1)
- digital planning tool (1)
- digital transformation (1)
- digitalization (1)
- directors (1)
- disadvantaged groups (1)
- disaggregated prices (1)
- disaggregation (1)
- disagreement (1)
- discourse analysis (1)
- discrete trading (1)
- discretionary lending (1)
- disequilibrium (1)
- disinflation (1)
- distance (1)
- distance to default (1)
- distress and workout (1)
- distributed ledger technology (1)
- distribution channel (1)
- distribution of welfare (1)
- distributional consequences of monetary policy (1)
- divergence of opinion (1)
- divestments (1)
- dividend policy (1)
- dividend protection (1)
- division of household labor (1)
- division of labor (1)
- dollar (1)
- dollar funding (1)
- doppelte Vergrauung (1)
- doubling time (1)
- drought (1)
- dual labour market (1)
- dual systems (1)
- dual-class shares (1)
- duble moral hazard (1)
- duration of civil proceedings (1)
- duration of pay (1)
- dynamic asset allocation (1)
- dynamic correlation (1)
- dynamic factor models (1)
- dynamic inconsistency (1)
- dynamic investment (1)
- dynamic panel GMM estimation (1)
- dynamic panel data model (1)
- dynamic panel sata models (1)
- dynamic programming (1)
- dynamic spillovers (1)
- dynamic stochastic general equilibrium models (1)
- dynamic treatments (1)
- dynamic-panel model (1)
- e-commerce (1)
- e-leadership (1)
- ePR (1)
- ePrivacy Regulation (1)
- early warning signs (1)
- earnings announcement (1)
- economic analysis of law (1)
- economic crisis (1)
- economic dependence (1)
- economic development (1)
- economic fluctuations (1)
- economic geography (1)
- economic governance (1)
- economic institutions (1)
- economic policy (1)
- economic policy uncertainty (1)
- economic preferences (1)
- economic rationality (1)
- economic reforms (1)
- economic regulation (1)
- economic surprises (1)
- economic systems (1)
- economy (1)
- educational intervention (1)
- effciency (1)
- effect heterogeneity (1)
- effective lower bound (1)
- effective marginal tax rates (1)
- effektive marginale Steuersätze (1)
- eggs-öocytes (1)
- egulation of financial markets (1)
- einheitliche Bemessungsgrundlage (1)
- electoral cycle (1)
- electronic commerce (1)
- electronic markets (1)
- electronic trading (1)
- electronic trading systems (1)
- email (1)
- emergency loans (1)
- emerging market economies (1)
- emissions trading system (ETS) (1)
- emotions (1)
- empirical contract theory (1)
- employer-employee level dataset (1)
- employers (1)
- employment dynamics (1)
- empractical learning (1)
- end-of-day price dislocation (1)
- endogeneity (1)
- endogenous information acquisition (1)
- endogenous risk (1)
- endorsement effect (1)
- endowment effect (1)
- energy (1)
- energy crisis (1)
- entrepreneurial spawning (1)
- entrusted loan (1)
- epistemic network analysis (1)
- equilibrium (1)
- equilibrium interest rate (1)
- equity (1)
- equity betas (1)
- equity cost (1)
- equity market integration (1)
- equity markets (1)
- equity prices (1)
- equity trading (1)
- equity-risk premium (1)
- erm structure of interest rates (1)
- escape dynamics (1)
- ethanol (1)
- ethische Normen (1)
- euro area regional and sectoral inflation (1)
- euro crisis (1)
- europäischer Zahlungsverkehr (1)
- eurozone (1)
- event-study (1)
- exchange rate determination (1)
- exchange rate response to monetary policy (1)
- exchange trading rules (1)
- executive labor market (1)
- executive stock options (1)
- exhaustion (1)
- exit (1)
- expectation (1)
- expectation gap (1)
- expectile (1)
- experience-based learning (1)
- experiences (1)
- experiments (1)
- expert forecasts (1)
- expert opinions (1)
- exploratory data analysis (1)
- export ban (1)
- exports (1)
- external instruments (1)
- externalities (1)
- externality (1)
- externe Performance-Messung (1)
- eye-tracking (1)
- face-to-face (1)
- factor shares (1)
- factor timing (1)
- factorization of matrix polynomials (1)
- fairness (1)
- familiarity (1)
- family (1)
- family firms (1)
- federal transfers (1)
- fertility (1)
- fiduciary (1)
- field study (1)
- filtering (1)
- finance and development (1)
- finance and employment (1)
- finance and technology (1)
- finance wage premium (1)
- financial accelerator (1)
- financial contracts (1)
- financial crises (1)
- financial cycles (1)
- financial decision support (1)
- financial decision-making (1)
- financial deepening (1)
- financial derivatives (1)
- financial development (1)
- financial disasters (1)
- financial education (1)
- financial fragility (1)
- financial fragmentation (1)
- financial industry (1)
- financial innovations (1)
- financial literacy determinants (1)
- financial market (1)
- financial market data (1)
- financial market regulation (1)
- financial market stability (1)
- financial market supervision (1)
- financial markets regulation (1)
- financial models (1)
- financial reporting quality (1)
- financial repression (1)
- financial resilience (1)
- financial retrenchment (1)
- financial risk und project risk (1)
- financial risk-taking (1)
- financial sector (1)
- financial solidarity (1)
- financial spillover (1)
- financial spillovers (1)
- financial stablity (1)
- financial stocks (1)
- financial supervision (1)
- financial technology (1)
- financial transaction tax (1)
- financial transactions data (1)
- financial well-being (1)
- financing (1)
- financing constraint (1)
- finanzdominiertes Akkumulationsregime (1)
- fire sales (1)
- firm characteristics (1)
- firm growth (1)
- firm objective (1)
- firm performance (1)
- firm valuation (1)
- firm value (1)
- first-order approach (1)
- first-price auctions (1)
- fiscal adjustment (1)
- fiscal austerity (1)
- fiscal crisis (1)
- fiscal decentralization (1)
- fiscal dominance (1)
- fiscal federalism (1)
- fiscal financial vulnerabilities (1)
- fiscal multipliers (1)
- fiscal policy transmission (1)
- fiscal responsibility (1)
- fiscal rules (1)
- fiscal solidarity (1)
- fiscal stimulus (1)
- fiscal stress (1)
- fiscal transfers (1)
- fiscal union (1)
- fiscal variables (1)
- fixed effects regression (1)
- fixed point approach (1)
- fixed-term contract (1)
- flash crashes (1)
- flat rate (1)
- flat-rate bias (1)
- flexible-hour contracts (1)
- floating net asset value (FNAV) (1)
- floor versus screen trading (1)
- floors (1)
- follow-up study (1)
- food crisis (1)
- food price volatility (1)
- forbearance (1)
- forecast (1)
- forecast accuracy (1)
- forecast evaluation (1)
- foreign banks (1)
- foreign currency lending (1)
- foreign portfolio investment (1)
- formal education (1)
- fragmentation (1)
- framework (1)
- franchise value (1)
- free banking (1)
- free dividend fallacy (1)
- free movement (1)
- free-riding problem (1)
- frequent batch auctions (1)
- frictions (1)
- front loading Effekte (1)
- front loading effects (1)
- functional finance approach (1)
- fund growth (1)
- fundamental theorem of asset pricing (1)
- funding dry-ups (1)
- funding risk (1)
- furlough (1)
- futures markets (1)
- game perceptions (1)
- gasoline supply (1)
- gasoline tax (1)
- gender equality (1)
- gender mainstreaming (1)
- gender wage gap (1)
- generalised tobit (1)
- genesis of norms (1)
- genetics (1)
- geo-economics (1)
- geographic expansion (1)
- geopolitical risk (1)
- german banking system (1)
- german banks (1)
- german insurance industry (1)
- german pension system (1)
- gesetzliche Plegeversicherung (1)
- gifted adults (1)
- giftedness (1)
- global banking (1)
- global care chains (1)
- global cities (1)
- global co-movement (1)
- global financial class (1)
- global game (1)
- global health (1)
- global hydrological model (1)
- global hydropower database (1)
- global inequality (1)
- global institutional reform (1)
- global preference survey (1)
- globalisation (1)
- goal congruence (1)
- goal orientation (1)
- governance (1)
- government (1)
- government debt (1)
- government finance (1)
- government-owned banks (1)
- governmentality (1)
- gradualism (1)
- graph understanding (1)
- greek crisis (1)
- green central bank policy (1)
- green financing (1)
- gross and net union density (1)
- group identity (1)
- group law (1)
- group size (1)
- growth and development (1)
- growth options (1)
- habit (1)
- hawkes processes (1)
- health (1)
- hedging error (1)
- hedging errors (1)
- hedonic model (1)
- hedonic translog cost function (1)
- hedonische Indizes (1)
- herd immunity (1)
- heterogeneity (1)
- heterogeneous beliefs (1)
- heterogeneous expectations (1)
- heterogeneous firms (1)
- heterogeneous monetary policy response (1)
- heterogeneous price expectations (1)
- heterogeneous wage rigidity (1)
- heuristics (1)
- hidden action (1)
- high consumption volatility (1)
- high frequency data (1)
- high frequency trading (1)
- high-frequency traders (HFTs) (1)
- high-frequency trading (1)
- high-tech (1)
- high-tech investment (1)
- higher education (1)
- higher order beliefs (1)
- higher-order beliefs (1)
- hold-up (1)
- holdout litigation (1)
- home bias (1)
- homeownership (1)
- homotopy method (1)
- honesty (1)
- honorable merchant (1)
- honourable merchant (1)
- hours per capita measurement (1)
- house price (1)
- household liquidity (1)
- household savings (1)
- household wealth (1)
- household finance (1)
- households (1)
- housework (1)
- housing debt crisis (1)
- housing expenditure share (1)
- housing investments (1)
- human capital formationbank-based financial system (1)
- human rights (1)
- hydropower (1)
- hydropower production (1)
- ideational shift (1)
- identifying moment conditions (1)
- identity leadership (1)
- identity management (1)
- idiosynkratisches Risiko (1)
- idle time (1)
- illusion of control (1)
- impatience (1)
- imperfect common knowledge (1)
- imperfect competition (1)
- imperfect labor market competition (1)
- import prices (1)
- import-export relations (1)
- impulse analysis (1)
- incentive compatibility (1)
- incentive compensation (1)
- incentive effects (1)
- incentive fees (1)
- incentive pay (1)
- incentives for investment (1)
- incidence (1)
- income dependent inflation (1)
- income distribution (1)
- income risk (1)
- income tax (1)
- incomplete contracts (1)
- incomplete information (1)
- independent private values (1)
- indeterminacy (1)
- index funds (1)
- index of lost lifetime (1)
- indicators (1)
- individual responsibility (1)
- individual retirement account (1)
- individual-bank lending (1)
- individuelle Altersvorsorge (1)
- industrial organization (1)
- industry sector (1)
- inertia in demand (1)
- infection dynamics (1)
- inference (1)
- inferential processes (1)
- inflation expectations (1)
- inflation forecast targeting (1)
- inflation forecasting (1)
- inflation inertia (1)
- inflation surge (1)
- inflation swaps (1)
- influences of participation in CVET (1)
- influencing factors (1)
- informacijska asimetrija (1)
- informal CVET (1)
- informal loans (1)
- informal markets (1)
- information demand (1)
- information flow (1)
- information frictions (1)
- information networks (1)
- information processing (1)
- information processing theory (1)
- information ratios (1)
- information set (1)
- information sharing (1)
- information technology (1)
- informational externalities (1)
- informativeness principle (1)
- informed principal (1)
- infrastructural power (1)
- infrastructure (1)
- initial coin offering (1)
- initial public offering (1)
- innovative behavior (1)
- insider-outsider theory (1)
- instability under learning (1)
- institutional design (1)
- institutional economics (1)
- institutional reform goals (1)
- instrumental variables (1)
- instruments (1)
- insurance demand (1)
- insurance groups (1)
- insurance guarantee schemes (1)
- insurance industry (1)
- insurance market (1)
- insurance pricing (1)
- insurance supervision (1)
- insurer default risk (1)
- integrated series with drift (1)
- inter-corporate loan (1)
- inter-firm liquidity provision (1)
- interactions and institutions (1)
- interbank market (1)
- interconnections (1)
- interdependence (1)
- interdependent preferences (1)
- interest rate elasticity (1)
- interest-rate channel (1)
- interest-rate rules (1)
- intermediate targets (1)
- intermediation (1)
- internal borrower rating (1)
- internal capital markets (1)
- internal financing (1)
- internal money market (1)
- internal rating models (1)
- internal ratings based approach (1)
- international accounting (1)
- international banking (1)
- international capital markets (1)
- international comparative finance (1)
- international comparison (1)
- international currencies (1)
- international diversification benefits (1)
- international lendin (1)
- international monetary system (1)
- international patents (1)
- international price dispersion (1)
- international price setting (1)
- international taxation (1)
- internationale Unternehmensstrategien (1)
- internationaler Konjunkturzusammenhang (1)
- interregionale Mobilitätsinkongruenz (1)
- intertemporal trade (1)
- interview study (1)
- intraday (1)
- intraday (co-)variation risk (1)
- intraday non-linearities (1)
- intraday stock price adjustments (1)
- intuitive thinking (1)
- inverse probability weighting (1)
- investment behavior (1)
- investment biases (1)
- investment forum (1)
- investment guarantee (1)
- investment management company (1)
- investment mistakes (1)
- investor behavior (1)
- investor coalitions (1)
- investor preferences (1)
- investor segmentation (1)
- investor sentiment (1)
- investor sophistication (1)
- isk premiums (1)
- iterative estimator (1)
- jet fuel (1)
- job creation schemes (1)
- job satisfaction (1)
- job-related spatial mobility (1)
- jobseekers (1)
- jump risk (1)
- jumps in aggregate consumption (1)
- jumps in the longrun growth rate (1)
- justice in market exchanges (1)
- kapitalgedeckte Alterssicherung (1)
- kapitalistische Vielfalt (1)
- kapitalmarktorientierte Rechnungslegung (1)
- knowledge (1)
- knowledge management (1)
- knowledge of economics and finance (1)
- knowledge of finance and economics (1)
- knowledge transfer (1)
- kommunale Transformation (1)
- labelling (1)
- labels (1)
- labor hoarding (1)
- labor income taxes (1)
- labor market (1)
- labor market entry (1)
- labor market transitions (1)
- labor mobility (1)
- labour demand (1)
- labour economics (1)
- labour market policies (1)
- labour markets in USA and FRG (1)
- land degradation (1)
- language critique (1)
- large N asymptotics (1)
- large language models (1)
- latency arbitrage (1)
- law (1)
- law and economics (1)
- law enforcement (1)
- law of requisite variety (1)
- layoff risk (1)
- leader self-awareness (1)
- leader self-efficacy (1)
- leader- follower analysis (1)
- leadership (1)
- leadership emergence (1)
- learning strategy (1)
- legal rules (1)
- legal transplants (1)
- leisure (1)
- lender of last resort (1)
- lending (1)
- lending relationships (1)
- level and slope of implied volatility smile (1)
- level playing field (1)
- leverage constraint (1)
- leverage effect (1)
- liability insurance (1)
- life cycle model (1)
- life expectancy (1)
- life insurance demand (1)
- life-cycle (1)
- life-cycle behavior (1)
- life-cycle decisions (1)
- life-cycle household decisions (1)
- life-cycle hypothesis (1)
- life-cycle models (1)
- life-cycle utility maximization (1)
- lifecycle (1)
- lifecycle investment (1)
- lifecycle saving (1)
- liftoff (1)
- likelihood insensitivity (1)
- limited arbitrage (1)
- limited liability (1)
- liquid assets (1)
- liquidity elasticity (1)
- liquidity externalities (1)
- liquidity requirements (1)
- liquidity runs (1)
- literature review (1)
- loan guarantees (1)
- loan loss allowances (1)
- loan officers (1)
- loan price determination (1)
- local investors (1)
- local method of moments (1)
- local projection (1)
- local projections (1)
- local public debt (1)
- locally non-diversifiable risk (1)
- location decisions (1)
- location theory (1)
- location-based services (1)
- lockdown costs (1)
- long memory (1)
- long real interest rates (1)
- long time series (1)
- long-run growth (1)
- long-term investments (1)
- long-term real interest rates (1)
- long-term unemployed (1)
- longer run (1)
- longrun risk (1)
- loss index (1)
- loss sharing (1)
- losses (1)
- lottery-type assets (1)
- low frequency trends (1)
- low interest rate environment (1)
- low risk anomaly (1)
- low-wage (1)
- lumpy investment (1)
- machine reasoning (1)
- macro-finance (1)
- macro-financial models (1)
- macro-prudential policy (1)
- macro-prudential tools (1)
- macroeconomic conditions (1)
- macroeconomic experiences (1)
- macroeconomic fundamentals (1)
- macroeconomic risks (1)
- macrofinancial linkages (1)
- macroprudential franework (1)
- macroprudential policy transmission (1)
- macroprudential regulation (1)
- make-up strategies (1)
- makroökonomische Konjunkturforschung (1)
- management compensation (1)
- mandatory audit (1)
- mandatory disclosure (1)
- manufacturing (1)
- marked to market (1)
- marked to market. (1)
- market and credit risk factors (1)
- market design (1)
- market economy (1)
- market enforcement (1)
- market entry study (1)
- market expectation (1)
- market fragmentation (1)
- market infrastructure (1)
- market institutions (1)
- market integration (1)
- market makers (1)
- market making (1)
- market microstructure noise (1)
- market microstructure theory (1)
- market participants (1)
- market price (1)
- market prices of risk (1)
- market quality (1)
- market rate of interest (1)
- market reactions (1)
- market risk (1)
- market shares (1)
- market size (1)
- market trends (1)
- market valuation (1)
- market-based (1)
- market-based financial intermediation (1)
- market-making (1)
- marketplace lending (1)
- markets (1)
- matching frictions (1)
- matching function (1)
- matching methods (1)
- matching techniques (1)
- maternal labor supply (1)
- maturity (1)
- mean response function (1)
- measure of ambiguity (1)
- measurement error (1)
- media polarization (1)
- median (1)
- median response function (1)
- medium-sized debtors (1)
- menu costs (1)
- metallurgy (1)
- methodical approach (1)
- methodisches Vorgehen (1)
- micro data transparency (1)
- microdata (1)
- microeconometric evaluation (1)
- microeconometrics (1)
- microfoundations (1)
- microprudential supervision (1)
- midpoint extended life order (1)
- mini-flash crash (1)
- mismatch (1)
- misperception (1)
- missing data (1)
- missing disinflation (1)
- mitigation (1)
- mixed frequency (1)
- mnimum distribution requirements (1)
- mobile augmented reality applications (1)
- mobile communication (1)
- modal model (1)
- model mis-specification (1)
- moderator (1)
- moderne Notenbanker (1)
- momentum (1)
- momentum trading (1)
- monetary and fiscal policy (1)
- monetary financing (1)
- monetary institutions (1)
- monetary law (1)
- monetary non-neutrality (1)
- monetary operations (1)
- monetary penalties (1)
- monetary policy instruments of the European Central Bank (1)
- monetary policy real-time output gap (1)
- monetary policy surprise (1)
- monetary policy surprise shocks (1)
- monetary reform (1)
- monetary shocks (1)
- monetary system (1)
- monetary targeting (1)
- monetization of content (1)
- monetäre Makroökonomik (1)
- money illusion (1)
- monopoly (1)
- mood (1)
- moral hazar (1)
- moral values (1)
- mortgage loans (1)
- motivated beliefs (1)
- motivated reasoning (1)
- motivation (1)
- motivation for honesty (1)
- multi agent models (1)
- multi-level governance (1)
- multi-resources mix (1)
- multi-unit auctions (1)
- multilevel modeling (1)
- multinational companies (1)
- multinational firms (1)
- multinomial logit model (1)
- multiple equilibria (1)
- multiple lending (1)
- multiple point of entry (1)
- multiple-bank lending (1)
- multipledocument comprehension (1)
- multiplex networks (1)
- multiplicative error model (1)
- multivariate GARCH (1)
- multivariate analyses (1)
- multivariate analysis (1)
- mutual fund complex (1)
- mutual fund performance (1)
- mutual understanding (1)
- nance premium (1)
- narrative sign restrictions (1)
- national interest (1)
- national systems of local banks (1)
- nationaler Vergleich Deutschland und Polen (1)
- natural disasters (1)
- natural gas price (1)
- natural rate (1)
- natural resources (1)
- natural unemployment rate (1)
- negative interest rates (1)
- negativer Zins (1)
- neo-classical growth (1)
- neoinstitutionalism (1)
- neoliberale Stadt (1)
- neolithic (1)
- net asset value (1)
- net foreign assets (1)
- net wealth (1)
- net-zero arbitrage (1)
- net-zero plans and targets (1)
- net-zero transition (1)
- network (1)
- network centrality (1)
- network dynamics (1)
- network economy (1)
- network formation (1)
- network model (1)
- network topology (1)
- network topology estimation (1)
- network visualization (1)
- new fiscal compact (1)
- news consumption (1)
- nineteenth century patent controversy (1)
- no unbounded profit with bounded risk (1)
- nominal exchange rate regime neutrality (1)
- nominal rigidity (1)
- nominee account (1)
- non-Bayesian updates (1)
- non-formal CVET (1)
- non-linear VAR (1)
- non-parametric methods (1)
- non-performing assets (1)
- non-profit banking (1)
- non-stationary panel data (1)
- nonlinear pricing (1)
- nonlinear time series (1)
- nonlinearities (1)
- nonlinearity (1)
- nonparametric matching (1)
- nonparametric methods (1)
- nonstandard asymptotics (1)
- normal inverse gaussian distribution (1)
- normalization (1)
- normalized CES function (1)
- nostalgia (1)
- nternationale Wettbewerbsfähigkeit (1)
- nuclear power plant (1)
- numerical optimization (1)
- numerical solution method (1)
- odločanje (1)
- off-market transactions in securities (1)
- office market (1)
- official market interventions (1)
- oil (1)
- oil demand elasticity (1)
- oil price shock (1)
- oil sands (1)
- oil supply elasticity (1)
- oil trade (1)
- old cohorts wealth (1)
- one-child policy (1)
- online auctions (1)
- online borrowing (1)
- online experiments (1)
- online marketplaces (1)
- online nakupovanje (1)
- online purchasing (1)
- online reasoning (1)
- open economy (1)
- open economy macro-finance modeling (1)
- open-end real-estate fund (1)
- operating procedures (1)
- operational risk (1)
- opinion (1)
- opportunity (1)
- optimal asset allocation (1)
- optimal capital structure choice (1)
- optimal consumption and investment (1)
- optimal inflation rate (1)
- optimal learning (1)
- optimal policy (1)
- optimal rate of inflation (1)
- optimal stopping (1)
- optimality of point forecasts (1)
- optimum currency area (1)
- option pricing (1)
- options (1)
- order flow (1)
- order submission (1)
- organizational commitment (1)
- orthogonalization (1)
- ortsbasierte Dienste (1)
- otc derivatives markets (1)
- outgroup derogation (1)
- output fluctuations (1)
- output gap (1)
- output gap estimates (1)
- output hysteresis (1)
- overconfidence (1)
- overlapping wage contracts (1)
- overreaction (1)
- ownership concentration (1)
- ownership disclosure (1)
- p-hacking (1)
- p-values (1)
- pairwise connectedness (1)
- pandemic (1)
- pandemic economics (1)
- panel unit root test (1)
- paradigm of complementarities (1)
- pari passu clauses (1)
- part-time employment (1)
- partial compliance (1)
- partially linear models (1)
- participation rate (1)
- partnerships (1)
- passive investors (1)
- passthrough (1)
- patents (1)
- pay-per-use bias (1)
- paycheck frequency (1)
- payment system (1)
- payment systems (1)
- peak oil (1)
- peer to peer payment systems (1)
- peer-to-peer (1)
- pension funds (1)
- perceived wealth (1)
- performance (1)
- performance evaluation (1)
- performance fees (1)
- performance indicators (1)
- performance pricing (1)
- performance-sensitive debt (1)
- performativity (1)
- persistent or transitory inflation shock (1)
- personal finance (1)
- personal infortmation (1)
- personality traits (1)
- peso problem (1)
- pessimism (1)
- pharmaceutical industry (1)
- phased withdrawal accounts (1)
- phenomenology (1)
- placebo technique (1)
- platform design (1)
- polarization (1)
- policy credibility (1)
- policy design of macroeconomic institutions (1)
- policy intervention (1)
- policy measures in the EU (1)
- policy normalization (1)
- policy reform (1)
- policy rule (1)
- policy uncertainty (1)
- political behavior (1)
- political influence (1)
- political polarization (1)
- politicization (1)
- politics (1)
- politische Steuerung (1)
- pooling equilibrium (1)
- portfolio managers (1)
- portfolio modelling (1)
- portfolio performance (1)
- positive leadership (1)
- positivity bias (1)
- post-merger performance (1)
- post-socialist country (1)
- post-trading (1)
- posterior (1)
- posterior risk (1)
- precautionary insurance (1)
- precautionary recapitalization (1)
- prediction market (1)
- predictive likelihood (1)
- present bias (1)
- price competition (1)
- price discovery process (1)
- price discrimination (1)
- price impact (1)
- price reversal (1)
- price rigidities (1)
- price shocks (1)
- price-dividend ratio (1)
- price-setting (1)
- pricing estimates (1)
- primary dealers (1)
- principal agent (1)
- principal components (1)
- principal-agent theory (1)
- privacy (1)
- privacy enhancing technology (1)
- private Vermögensbildung (1)
- private benefits of control (1)
- private business (1)
- private financial services (1)
- private household (1)
- private markets (1)
- private money (1)
- private sector involvement (1)
- private–public partnerships (1)
- probit and logit models (1)
- process theory (1)
- product development (1)
- product market competition (1)
- productivity differentials (1)
- productivity growth (1)
- professional situation (1)
- profit weights (1)
- profits (1)
- programme evaluation (1)
- propagation of inequality (1)
- propensity score (1)
- proportional transaction costs (1)
- proportionality (1)
- proprietary costs (1)
- proprietary trading ban (1)
- protected values (1)
- provisioning rules (1)
- proximities (1)
- proximity (1)
- prudence (1)
- prudential regulation (1)
- psychology (1)
- public banks (1)
- public bonds (1)
- public credit (1)
- public finance (1)
- public markets (1)
- public policy analysis (1)
- public private partnership (1)
- public sector wages (1)
- public-private relations (1)
- pädagogische Diagnostik (1)
- quadratic variation (1)
- quadratic variation and covariation (1)
- quantile (1)
- quarter of birth (1)
- quiet life hypothesis (1)
- racial inequality (1)
- rain- and floodwater harvesting (1)
- random covariance (1)
- randomized control trial (1)
- randomized control trials (1)
- randomized controlled trial (1)
- rank feedback (1)
- rare disaster risk (1)
- rare disasters (1)
- rating (1)
- rational bias (1)
- rationalizable expectations (1)
- reactive equilibrium (1)
- real and nominal border effect (1)
- real estate investments (1)
- real exchange rate dispersion (1)
- real exchange rate volatility (1)
- real exchange rates (1)
- real option (1)
- real-time bidding (1)
- realised volatility (1)
- realized beta (1)
- realized quarticity (1)
- reasons and barriers (1)
- receivers (1)
- recent economic crisis (1)
- reconciliation of Lucas's advocacy of rational-expectations modelling and policy predictions and Sims's advocacy of VAR modelling (1)
- recursive preferences (1)
- refined products (1)
- refining (1)
- reform (1)
- regime switching model (1)
- regime-dependent correlations (1)
- regional banks (1)
- regional competition (1)
- regional heterogeneity (1)
- regional propagation (1)
- registration cost (1)
- regression adjustment (1)
- regression discontinuity design (1)
- regret (1)
- regularization (1)
- rehypothecation (1)
- reinforcement learning (1)
- related party transactions (1)
- relationship banking (1)
- relationship lending, (1)
- relationship management (1)
- relative performance evaluation (1)
- relative performance feedback (1)
- remittances (1)
- rent seeking (1)
- renting vs. owning home (1)
- repeat sale (1)
- replication (1)
- repo auctions (1)
- repo market (1)
- reporting (1)
- reproduction number (1)
- requirements analysis (1)
- research incentives (1)
- research project (1)
- research transparency (1)
- resilience (1)
- resiliency (1)
- resource boom (1)
- restatements (1)
- retail investors (1)
- retained earnings (1)
- retention (1)
- retirement expectations (1)
- retirement plan (1)
- retirement planning (1)
- retirement preparation (1)
- return expectations (1)
- reversals (1)
- reverse mortgage (1)
- risikoadjustierte Rendite (1)
- risikoneutrale Bewertung (1)
- risk assessment (1)
- risk budgeting (1)
- risk perception (1)
- risk preference (1)
- risk sharing (1)
- risk shifting (1)
- risk spillovers (1)
- risk-based capital (1)
- risk-sharing (1)
- risk-shifting (1)
- risk-taking channel of monetary policy (1)
- robo-advice (1)
- robust decision theory (1)
- robust hedging (1)
- robust inference (1)
- robust monetary policy (1)
- robust policy (1)
- robust simple rules (1)
- robustness (1)
- rules (1)
- rules vs discretion (1)
- salience (1)
- sanitation (1)
- saving behavior (1)
- saving puzzles (1)
- savings accounts (1)
- savings and wealth accumulation (1)
- say-on-pay (1)
- scanner price data (1)
- scarring effects (1)
- scenarios (1)
- search and matching (1)
- search friction (1)
- search models (1)
- search-matching (1)
- seasonal affective disorder (SAD) (1)
- second-hand market (1)
- second-order dependence (1)
- secrecy (1)
- secular stagnation (1)
- securities (1)
- securities law and regulation (1)
- securities lending (1)
- securities markets (1)
- securities trading (1)
- security assessment (1)
- security concerns (1)
- security self-assessment (1)
- sektorale Vermögensdiversifizierung (1)
- selection (1)
- self-control (1)
- self-leadership (1)
- semi-parametric estimation (1)
- semimartingales (1)
- sensitivity (1)
- sensitivity analysis (1)
- separating equilibrium (1)
- service design (1)
- service improvement (1)
- service innovation (1)
- severance pay caps (1)
- severity (1)
- sex industry (1)
- shadow banking system (1)
- shale oil (1)
- share repurchases (1)
- shared understanding (1)
- shareholder engagement (1)
- shareholder wealth (1)
- shareholderism (1)
- shifting endpoint (1)
- shocks (1)
- short-sale constraints (1)
- short-selling (1)
- shortfall risk (1)
- simple rules (1)
- simulation-based research (1)
- simultaneity (1)
- single point of entry (1)
- single-equations (1)
- skill (1)
- skill-biased technological change (1)
- skill-level (1)
- slumps (1)
- smoothing (1)
- sniping (1)
- social (1)
- social capital (1)
- social centralization (1)
- social cognitive theory (1)
- social dilemma (1)
- social distance (1)
- social identification (1)
- social identity (1)
- social impact (1)
- social impact bonds (1)
- social market economy (1)
- social networks (1)
- social norm (1)
- social relations (1)
- social security claiming (1)
- social systems (1)
- social-ecological conditions (1)
- socialist education (1)
- socially responsible consumers (1)
- sociology (1)
- soft information (1)
- soft law (1)
- software (1)
- solution methods (1)
- solvency shocks (1)
- sophistication (1)
- sorting (1)
- source dependence (1)
- sovereign bond markets (1)
- sovereign bond risk premiums (1)
- sovereign bonds (1)
- sovereign credit rating (1)
- sovereign debt litigation (1)
- sovereign debt restructuring (1)
- sovereign debt standstill (1)
- sovereign rating (1)
- sovereignbank linkages (1)
- soziale Marktwirtschaft (1)
- sozio-ökonomische Systeme (1)
- sozioökonomische Teilhabe und Inklusion (1)
- specificity (1)
- spectral regression (1)
- speculative trading (1)
- spending cuts (1)
- spillovers (1)
- spot covariance (1)
- spread premium (1)
- sset pricing (1)
- staatliche Sozialversicherung (1)
- stability (1)
- stability of equilibria (1)
- stable convergence (1)
- stakeholder (1)
- stakeholder governance (1)
- staleness (1)
- standard setting (1)
- state (1)
- state dependence (1)
- state dependency (1)
- state policies (1)
- state-contingent contracts (1)
- state-dependent sensitivity value-at-risk (SDSVaR) (1)
- state-space model (1)
- statement indicators (1)
- stationarity (1)
- stationary equilibrium (1)
- statistical risk measurement (1)
- statistical testing (1)
- statistics (1)
- stealth trading (1)
- stepping stones (1)
- stereotypes (1)
- stewardship codes (1)
- sticky expectations (1)
- sticky information (1)
- sticky wages (1)
- stochastic game (1)
- stochastic integration (1)
- stochastic interest rates (1)
- stochastic jumps (1)
- stochastic volability (1)
- stock buybacks (1)
- stock market crisis (1)
- stock market investment (1)
- stock market nonparticipation (1)
- stock market reaction (1)
- stock market volatility (1)
- stock ownership (1)
- stock prices (1)
- stock pricing (1)
- stock repurchases (1)
- stock return expectations (1)
- stocks (1)
- storage (1)
- storage demand (1)
- strategic complementarity (1)
- strategic interaction of regulators (1)
- strategic trading (1)
- strategies (1)
- strategy review (1)
- stress test (1)
- structural adjustment (1)
- structural change (1)
- structural equation modeling (1)
- structural estimation (1)
- structural positions (1)
- structural power (1)
- structural scenario analysis (1)
- strukturelle Reformen (1)
- städtebauliches Instrument (1)
- subjective expectations (1)
- subordinated debt (1)
- substitution (1)
- sunspot equilibria (1)
- sunspots (1)
- super-elasticity (1)
- superhedging (1)
- supervision (1)
- supervisory intervention (1)
- supply chain (1)
- supply-side system (1)
- survey analysis (1)
- survey expectations (1)
- survey experiment (1)
- survey experiments (1)
- survey forecasts (1)
- sustainability KPIs (1)
- sustainability disclosures (1)
- sustainable consumption (1)
- sustainable mobility culture (1)
- synchronization (1)
- systematic stability (1)
- systematisches Risiko (1)
- systemic importance (1)
- systemic risk analysis (1)
- systemic risk contribution (1)
- systemic risk fund (1)
- systemic risk network (1)
- säkulare Stagnation (1)
- tactical asset allocation (1)
- tail dependence (1)
- talent, learning (1)
- tanker (1)
- targets (1)
- tariff choice (1)
- tariff-specific preferences (1)
- tariffs (1)
- taste heterogeneity (1)
- tax (1)
- tax arbitrage (1)
- tax clientele effects (1)
- tax competition (1)
- tax cut (1)
- tax exempt (1)
- tax exempt accounts (1)
- tax haven (1)
- tax havens (1)
- tax information exchange (1)
- tax information exchange agreements (1)
- tax intervention (1)
- tax policy (1)
- tax reform (1)
- taxing rights (1)
- taxonomies (1)
- teachers (1)
- team identification (1)
- team production problem (1)
- technical and fundamental trading (1)
- technological change (1)
- technological growth (1)
- technologische Schocks (1)
- technology diffusion (1)
- technology shocks (1)
- telecommunication (1)
- temperature (1)
- temperature shocks (1)
- temporality (1)
- temporary equilibrium (1)
- term premia (1)
- term structure of interest (1)
- term structure of price expectations (1)
- test cases (1)
- text analysis (1)
- theorizing in IS (1)
- theory (1)
- theory of action (1)
- theory of the firm (1)
- three-part tariffs (1)
- threshold vector auto-regressive models (1)
- tight oil (1)
- time charter (1)
- time consistency (1)
- time dependency (1)
- time inconsistency (1)
- time series momentum (1)
- time-varying natural rate (1)
- time-varying parameter (1)
- time-varying systemic risk contribution (1)
- timing (1)
- token offering (1)
- token offerings (1)
- too low for too long (1)
- topic modelling (1)
- total connectedness (1)
- total directional connect- edness (1)
- tourism (1)
- tractable hedging (1)
- trade (1)
- trade credit (1)
- trade integration (1)
- trade signaling (1)
- trading activity (1)
- trading intensity (1)
- trading pause (1)
- trading process (1)
- trading rules (1)
- trading strategies (1)
- trafficking in women (1)
- training (1)
- transaction costs (1)
- transactions (1)
- transdisciplinarity (1)
- transference of reproductive capacity-TRCs (1)
- transition countries (1)
- transition risk (1)
- transitional dynamics (1)
- transmission mechanism (1)
- transnational networks (1)
- treasury auctions (1)
- treatment capacity (1)
- treatment effect (1)
- trend chasing (1)
- trend growth (1)
- trend inflation (1)
- trend-cycle decomposition (1)
- trend-extrapolation (1)
- troika (1)
- trust driven expectations (1)
- trust evolutionary games (1)
- trust game (1)
- trust games (1)
- tunneling (1)
- twin study (1)
- two-pillar system (1)
- tâtonnement (1)
- uncertainty aversion (1)
- unconfirmed cases (1)
- underinvestment (1)
- union membership (1)
- union preferencies (1)
- unit root (1)
- unit root test (1)
- unternehmerische Stadt (1)
- updating (1)
- used products (1)
- user preferences (1)
- user study (1)
- utility dividends (1)
- utility functions (1)
- valuation (1)
- valuation adjustment (1)
- valuation discount (1)
- valuation ratios (1)
- value at risk (1)
- value based management (1)
- value chain (1)
- value of information (1)
- value-at-risk (1)
- values (1)
- variable annuity (1)
- variance decomposition (1)
- variety (1)
- vector autoregression (1)
- vector error correction model (1)
- vector-autoregression (1)
- vektorautoregressive Modelle (1)
- venture capital and bank financing (1)
- venture capitalism (1)
- venture funding (1)
- vertical differentiation (1)
- vertical fiscal imbalances (1)
- vignette survey method (1)
- virtual stock market (1)
- volatility clustering (1)
- volatility estimation (1)
- volatility forecasting (1)
- volatility of volatility (1)
- voting premium (1)
- voyage (1)
- vulture creditors (1)
- wage dispersion (1)
- wage exibility (1)
- wage gap (1)
- wage hump (1)
- wage rigidity (1)
- wage subsidies (1)
- war (1)
- watchlist (1)
- waterbed effect (1)
- weak identification (1)
- wealth effects (1)
- weather (1)
- welfare costs (1)
- welfare effects (1)
- welfare state (1)
- westdeutsche Männer (1)
- wholesale shocks (1)
- willingness to forward (1)
- winner's curse (1)
- winner-loser (1)
- wireless communication (1)
- wireless networks (1)
- woman (1)
- work-family balance (1)
- worker-firm panels (1)
- workforce (1)
- working hours (1)
- workout (1)
- world interest rates (1)
- world poverty (1)
- yen (1)
- yield spreads (1)
- yields (1)
- z-Transform (1)
- zero returns (1)
- zero-interest-rate bound (1)
- fiscal multipliers (1)
- Älterer Arbeitnehmer (1)
- Änderungsrisiko (1)
- Öffentliche Aufgaben (1)
- Öffentlicher Dienst (1)
- Öffentlicher Sektor (1)
- Ökonomie (1)
- Überbetriebliche Fortbildung (1)
- Überschneidung von Generationen (1)
- öffentliche Schuld (1)
- ΔCoVaR (1)
- ‘u’-shape (1)
- “Macro-regions” (1)
- financial literacy (1)
Institute
- Wirtschaftswissenschaften (2513)
- Center for Financial Studies (CFS) (1620)
- Sustainable Architecture for Finance in Europe (SAFE) (1379)
- House of Finance (HoF) (799)
- E-Finance Lab e.V. (447)
- Institut für Wirtschaft, Arbeit, und Kultur (IWAK) (360)
- Institute for Monetary and Financial Stability (IMFS) (236)
- Rechtswissenschaft (196)
- Präsidium (107)
- Institut für sozial-ökologische Forschung (ISOE) (90)
Optimal investment decisions by institutional investors require accurate predictions with respect to the development of stock markets. Motivated by previous research that revealed the unsatisfactory performance of existing stock market prediction models, this study proposes a novel prediction approach. Our proposed system combines Artificial Intelligence (AI) with data from Virtual Investment Communities (VICs) and leverages VICs’ ability to support the process of predicting stock markets. An empirical study with two different models using real data shows the potential of the AI-based system with VICs information as an instrument for stock market predictions. VICs can be a valuable addition but our results indicate that this type of data is only helpful in certain market phases.
We focus on the role of social media as a high-frequency, unfiltered mass information transmission channel and how its use for government communication affects the aggregate stock markets. To measure this effect, we concentrate on one of the most prominent Twitter users, the 45th President of the United States, Donald J. Trump. We analyze around 1,400 of his tweets related to the US economy and classify them by topic and textual sentiment using machine learning algorithms. We investigate whether the tweets contain relevant information for financial markets, i.e. whether they affect market returns, volatility, and trading volumes. Using high-frequency data, we find that Trump’s tweets are most often a reaction to pre-existing market trends and therefore do not provide material new information that would influence prices or trading. We show that past market information can help predict Trump’s decision to tweet about the economy.
We develop a two-sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and its portfolio allocation between a clean and a dirty sector of production. Green QE leads to a partial crowding out of private capital in the green sector and to a modest reduction of the global temperature by 0.04 degrees of Celsius until 2100. A moderate global carbon tax of 50 USD per tonne of carbon is 4 times more effective.
The ECB’s Outright Monetary Transactions (OMT) program, launched in summer 2012, indirectly recapitalized periphery country banks through its positive impact on the value of sovereign bonds. However, the regained stability of the European banking sector has not fully transferred into economic growth. We show that zombie lending behavior of banks that still remained undercapitalized after the OMT announcement is an important reason for this development. As a result, there was no positive impact on real economic activity like employment or investment. Instead, firms mainly used the newly acquired funds to build up cash reserves. Finally, we document that creditworthy firms in industries with a high prevalence of zombie firms suffered significantly from the credit misallocation, which slowed down the economic recovery.
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads for high-risk banks, even as it lowers deposit rates for both high-risk and low-risk banks. This adversely affects the balance sheets of high-risk bank borrowers, leading to lower payouts, lower capital expenditures, and lower employment. Overall, our results suggest that banks’ capital constraints at the time of an easing of monetary policy pose a challenge to the effectiveness of the bank lending channel and the effectiveness of the central bank as a lender of last resort.
The European Central Bank (ECB) has finalized its comprehensive assessment of the solvency of the largest banks in the euro area and on October 26 disclosed the results of this assessment. In the present paper, Acharya and Steffen compare the outcomes of the ECB's assessment to their own benchmark stress tests conducted for 39 publically listed financial institutions that are also included in the ECB's regulatory review. The authors identify a negative correlation between their benchmark estimates for capital shortfalls and the regulatory capital shortfall, but a positive correlation between their benchmark estimates for losses under stress both in the banking book and in the trading book. They conclude that the regulatory stress test outcomes are potentially heavily affected by discretion of national regulators in measuring what is capital, and especially the use of risk-weighted assets in calculating the prudential capital requirement.
We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset portfolio-choice model is capable of qualitatively and quantitatively explaining: (i) the higher saving rates of the rich, (ii) the higher fraction of personal wealth held in risky assets by the rich, and (iii) the higher volatility of consumption of the wealthier. On the contrary, time-variant “keeping-up-with-the-Joneses” weighted average consumption which plays the role of moving benchmark subsistence consumption gives the same portfolio composition and saving rates across the rich and the poor, failing to reconcile the model with what micro data say. JEL Classification: G11, D91, E21, D81, D14, D11
We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset portfolio-choice model is capable of qualitatively explaining: (i) the higher saving rates of the rich, (ii) the higher fraction of personal wealth held in stocks by the rich, and (iii) the higher volatility of consumption of the wealthier. On the contrary, time-variant "keeping-up with the Joneses" weighted average consumption playing the role of moving benchmark subsistence consumption gives the same portfolio composition and saving rates across the rich and the poor, failing to reconcile the model with what micro data say.
We develop a dynamic recursive model where political and economic decisions interact, to study how excessive debt-GDP ratios affect political sustainability of prudent fiscal policies. Rent seeking groups make political decisions – to cooperate (or not) – on the allocation of fiscal budgets (including rents) and issuance of sovereign debt. A classic commons problem triggers collective fiscal impatience and excessive debt issuing, leading to a vicious circle of high borrowing costs and sovereign default. We analytically characterize debt-GDP thresholds that foster cooperation among rent seeking groups and avoid default. Our analysis and application helps in understanding the politico-economic sustainability of sovereign rescues, emphasizing the need for fiscal targets and possible debt haircuts. We provide a calibrated example that quantifies the threshold debt-GDP ratio at 137%, remarkably close to the target set for private sector involvement in the case of Greece.
Learning and equilibrium selection in a monetary overlapping generations model with sticky prices
(2003)
We study adaptive learning in a monetary overlapping generations model with sticky prices and monopolistic competition for the case where learning agents observe current endogenous variables. Observability of current variables is essential for informational consistency of the learning setup with the model set up but generates multiple temporary equilibria when prices are flexible and prevents a straightforward construction of the learning dynamics. Sticky prices overcome this problem by avoiding simultaneity between prices and price expectations. Adaptive learning then robustly selects the determinate (monetary) steady state independent from the degree of imperfect competition. The indeterminate (non-monetary) steady state and non-stationary equilibria are never stable. Stability in a deterministic version of the model may differ because perfect foresight equilibria can be the limit of restricted perceptions equilibria of the stochastic economy with vanishing noise and thereby inherit different stability properties. This discontinuity at the zero variance of shocks suggests to analyze learning in stochastic models.
This paper considers a sticky price model with a cash-in-advance constraint where agents forecast inflation rates with the help of econometric models. Agents use least squares learning to estimate two competing models of which one is consistent with rational expectations once learning is complete. When past performance governs the choice of forecast model, agents may prefer to use the inconsistent forecast model, which generates an equilibrium where forecasts are inefficient. While average output and inflation result the same as under rational expectations, higher moments differ substantially: output and inflation show persistence, inflation responds sluggishly to nominal disturbances, and the dynamic correlations of output and inflation match U.S. data surprisingly well.
This paper compares Bayesian decision theory with robust decision theory where the decision maker optimizes with respect to the worst state realization. For a class of robust decision problems there exists a sequence of Bayesian decision problems whose solution converges towards the robust solution. It is shown that the limiting Bayesian problem displays infinite risk aversion and that decisions are insensitive (robust) to the precise assignment of prior probabilities. This holds independent from whether the preference for robustness is global or restricted to local perturbations around some reference model.
We study optimal nominal demand policy in an economy with monopolistic competition and flexible prices when firms have imperfect common knowledge about the shocks hitting the economy. Parametrizing firms´ information imperfections by a (Shannon) capacity parameter that constrains the amount of information flowing to each firm, we study how policy that minimizes a quadratic objective in output and prices depends on this parameter. When price setting decisions of firms are strategic complements, for a large range of capacity values optimal policy nominally accommodates mark-up shocks in the short-run. This finding is robust to the policy maker observing shocks imperfectly or being uncertain about firms´ capacity parameter. With persistent mark-up shocks accommodation may increase in the medium term, but decreases in the long-run thereby generating a hump-shaped price response and a slow reduction in output. Instead, when prices are strategic substitutes, policy tends to react restrictively to mark-up shocks. However, rational expectations equilibria may then not exist with small amounts of imperfect common knowledge.
Ignoring the existence of the zero lower bound on nominal interest rates one considerably understates the value of monetary commitment in New Keynesian models. A stochastic forward-looking model with lower bound, calibrated to the U.S. economy, suggests that low values for the natural rate of interest lead to sizeable output losses and deflation under discretionary monetary policy. The fall in output and deflation are much larger than in the case with policy commitment and do not show up at all if the model abstracts from the existence of the lower bound. The welfare losses of discretionary policy increase even further when inflation is partly determined by lagged inflation in the Phillips curve. These results emerge because private sector expectations and the discretionary policy response to these expectations reinforce each other and cause the lower bound to be reached much earlier than under commitment. JEL Klassifikation: E31, E52
We determine optimal monetary policy under commitment in a forwardlooking New Keynesian model when nominal interest rates are bounded below by zero. The lower bound represents an occasionally binding constraint that causes the model and optimal policy to be nonlinear. A calibration to the U.S. economy suggests that policy should reduce nominal interest rates more aggressively than suggested by a model without lower bound. Rational agents anticipate the possibility of reaching the lower bound in the future and this amplifies the effects of adverse shocks well before the bound is reached. While the empirical magnitude of U.S. mark-up shocks seems too small to entail zero nominal interest rates, shocks affecting the natural real interest rate plausibly lead to a binding lower bound. Under optimal policy, however, this occurs quite infrequently and does not require targeting a positive average rate of inflation. Interestingly, the presence of binding real rate shocks alters the policy response to (non-binding) mark-up shocks. JEL Klassifikation: C63, E31, E52 .
We determine optimal monetary policy under commitment in a forwardlooking New Keynesian model when nominal interest rates are bounded below by zero. The lower bound represents an occasionally binding constraint that causes the model and optimal policy to be nonlinear. A calibration to the U.S. economy suggests that policy should reduce nominal interest rates more aggressively than suggested by a model without lower bound. Rational agents anticipate the possibility of reaching the lower bound in the future and this amplifies the effects of adverse shocks well before the bound is reached. While the empirical magnitude of U.S. mark-up shocks seems too small to entail zero nominal interest rates, shocks affecting the natural real interest rate plausibly lead to a binding lower bound. Under optimal policy, however, this occurs quite infrequently and does not imply positive average inflation rates in equilibrium. Interestingly, the presence of binding real rate shocks alters the policy response to (non-binding) mark-up shocks.
Zur Reform der Einlagensicherung: Elemente einer anreizkompatiblen Europäischen Rückversicherung
(2020)
Bankeinlagen bis 100.000 Euro sind de jure überall im Euroraum gleichermaßen vor Verlusten geschützt. De facto hängt der Wert dieser gesetzlichen Haftungszusage unter anderem von der Ausstattung des nationalen Sicherungsfonds und der relativen Größe des Bankensektors in einer Volkswirtschaft ab. Um die Homogenität des Einlagenschutzes zu gewährleisten und die Bankenunion zu vollenden, bedarf es einer einheitlichen europäischen Einlagensicherung. Die bestehende implizite Risikoteilung im Euroraum ist ordnungspolitisch nicht wünschenswert. Ferner kann eine explizite und glaubwürdige Zweitsicherung Fehlanreize zur Übernahme exzessiver Risiken verhindern, bevor es zum Schadensfall kommt. Daher plädiert dieser Beitrag für ein zweistufiges, streng subsidiär organisiertes Rückversicherungsmodell: Nationale Erstversicherungen würden einen festgeschriebenen Teil, die europäische Rückversicherung nachrangig den Rest der Deckungssumme besichern. Die Rückversicherung gewährt diese Liquiditätshilfen in Form von Kassenkrediten. Weil die Haftung auf nationaler Ebene verbleibt, werden Risiken geteilt aber nicht vergemeinschaftet. Marktgerechte Prämien müssen nicht nur das individuelle Risikogewicht einer Bank sondern auch länderspezifische Risikofaktoren berücksichtigen. Zuletzt braucht der Rückversicherer umfangreiche Aufsichtsrechte, um die Zahlungsfähigkeit der Erstversicherer mit Hinblick auf die nationalen Haftungspflichten jederzeit sicherzustellen.
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized model. Our main focus is on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under learning if agents can utilize contemporaneous data. However, in an economy populated by a mixture of agents, some of whom only have access to lagged data, stable inflationary paths emerge only if the proportion of agents with access to contemporaneous data is sufficiently high. JEL Klassifikation: C62, D83, D84, E31
Motivated by the observation that survey expectations of stock returns are inconsistent with rational return expectations under real-world probabilities, we investigate whether alternative expectations hypotheses entertained in the asset pricing literature are consistent with the survey evidence. We empirically test (1) the notion that survey forecasts constitute rational but risk-neutral forecasts of future returns, and (2) the notion that survey fore- casts are ambiguity averse/robust forecasts of future returns. We find that these alternative hypotheses are also strongly rejected by the data, albeit for different reasons. Hypothesis (1) is rejected because survey return forecasts are not in line with risk-free interest rates and because survey expected excess returns are predictable. Hypothesis (2) is rejected because agents are not al- ways pessimistic about future returns, instead often display overly optimistic return expectations. We speculate as to what kind of expectations theories might be consistent with the available survey evidence.
Optimal trend inflation
(2017)
We present a sticky-price model incorporating heterogeneous Firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous Firms:
(1) the optimal steady-state inflation rate generically differs from zero and,
(2) inflation optimally responds to productivity disturbances.
Using micro data from the US Census Bureau to estimate the inflation-relevant productivity trends at the firm level, we find that the optimal US inflation rate is positive. It was slightly above 2 percent in the year 1986, but continuously declined thereafter, reaching about 1 percent in the year 2013.
We analytically characterize optimal monetary policy for an augmented New Keynesian model with a housing sector. In a setting where the private sector has rational expectations about future housing prices and inflation, optimal monetary policy can be characterized without making reference to housing price developments: commitment to a 'target criterion' that refers to inflation and the output gap only is optimal, as in the standard model without a housing sector. When the policymaker is concerned with potential departures of private sector expectations from rational ones and seeks to choose a policy that is robust against such possible departures, then the optimal target criterion must also depend on housing prices. In the empirically realistic case where housing is subsidized and where monopoly power causes output to fall short of its optimal level, the robustly optimal target criterion requires the central bank to 'lean against' housing prices: following unexpected housing price increases, policy should adopt a stance that is projected to undershoot its normal targets for inflation and the output gap, and similarly aim to overshoot those targets in the case of unexpected declines in housing prices. The robustly optimal target criterion does not require that policy distinguish between 'fundamental' and 'non-fundamental' movements in housing prices.
Vorstandsvergütungen
(2002)
In the secondary art market, artists play no active role. This allows us to isolate cultural influences on the demand for female artists’ work from supply-side factors. Using 1.5 million auction transactions in 45 countries, we document a 47.6% gender discount in auction prices for paintings. The discount is higher in countries with greater gender inequality. In experiments, participants are unable to guess the gender of an artist simply by looking at a painting and they vary in their preferences for paintings associated with female artists. Women's art appears to sell for less because it is made by women.
In this paper, we develop a state-dependent sensitivity value-at-risk (SDSVaR) approach that enables us to quantify the direction, size, and duration of risk spillovers among financial institutions as a function of the state of financial markets (tranquil, normal, and volatile). Within a system of quantile regressions for four sets of major financial institutions (commercial banks, investment banks, hedge funds, and insurance companies) we show that while small during normal times, equivalent shocks lead to considerable spillover effects in volatile market periods. Commercial banks and, especially, hedge funds appear to play a major role in the transmission of shocks to other financial institutions. Using daily data, we can trace out the spillover effects over time in a set of impulse response functions and find that they reach their peak after 10 to 15 days.
Credit boom detection methodologies (such as threshold method) lack robustness as they are based on univariate detrending analysis and resort to ratios of credit to real activity. I propose a quantitative indicator to detect atypical behavior of credit from a multivariate system - a monetary VAR. This methodology explicitly accounts for endogenous interactions between credit, asset prices and real activity and detects atypical credit expansions and contractions in the Euro Area, Japan and the U.S. robustly and timely. The analysis also proves useful in real time.
This paper investigates the risk channel of monetary policy on the asset side of banks’ balance sheets. We use a factoraugmented vector autoregression (FAVAR) model to show that aggregate lending standards of U.S. banks, such as their collateral requirements for firms, are significantly loosened in response to an unexpected decrease in the Federal Funds rate. Based on this evidence, we reformulate the costly state verification (CSV) contract to allow for an active financial intermediary, embed it in a New Keynesian dynamic stochastic general equilibrium (DSGE) model, and show that – consistent with our empirical findings – an expansionary monetary policy shock implies a temporary increase in bank lending relative to borrower collateral. In the model, this is accompanied by a higher default rate of borrowers.
We find that on average consumers chose the contract that ex post minimized their net costs. A substantial fraction of consumers (about 40%) still chose the ex post sub-optimal contract, with some incurring hundreds of dollars of avoidable interest costs. Nonetheless, the probability of choosing the sub-optimal contract declines with the dollar magnitude of the potential error, and consumers with larger errors were more likely to subsequently switch to the optimal contract. Thus most of the errors appear not to have been very costly, with the exception that a small minority of consumers persists in holding substantially sub-optimal contracts without switching. Klassifikation: G11, G21, E21, E51
The reaction of consumer spending and debt to tax rebates – evidence from consumer credit data
(2008)
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on average, consumers initially saved some of the rebate, by increasing their credit card payments and thereby paying down debt. But soon afterwards their spending increased, counter to the canonical Permanent-Income model. Spending rose most for consumers who were initially most likely to be liquidity constrained, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there can be important dynamics in consumers’ response to “lumpy” increases in income like tax rebates, working in part through balance sheet (liquidity) mechanisms.
Even as online advertising continues to grow, a central question remains: Who to target? Yet, advertisers know little about how to select from the hundreds of audience segments for targeting (and combinations thereof) for a profitable online advertising campaign. Utilizing insights from a field experiment on Facebook (Study 1), we develop a model that helps advertisers solve the cold-start problem of selecting audience segments for targeting. Our model enables advertisers to calculate the break-even performance of an audience segment to make a targeted ad campaign at least as profitable as an untargeted one. Advertisers can use this novel model to decide whether to test specific audience segments in their campaigns (e.g., in randomized controlled trials). We apply our model to data from the Spotify ad platform to study the profitability of different audience segments (Study 2). Approximately half of those audience segments require the click-through rate to double compared to an untargeted campaign, which is unrealistically high for most ad campaigns. Our model also shows that narrow segments require a lift that is likely not attainable, specifically when the data quality of these segments is poor. We confirm this theoretical finding in an empirical study (Study 3): A decrease in data quality due to Apple’s introduction of the App Tracking Transparency (ATT) framework more negatively affects the click-through rate of narrow (versus broad) audience segments.
DESPITE AMPLE EVIDENCE THAT CUSTOMERS EXHIBIT HIGHER DISCOUNT RATES THAN FIRMS, IT IS NOT CLEAR HOW DIFFERENCES IN DISCOUNT RATES AFFECT OPTIMAL PRICES, PROFITS, AND WELFARE OF COMPLEMENTARY PRODUCTS (WHICH COULD BE GOODS OR SERVICES). WE SHOW FOR COMPLEMENTARY PROUCTS THAT HIGHER DISCOUNT RATES OF CUSTOMERS DO NOT INCREASE PROFIT OR CONSUMER SURPLUS. FIRMS, INCLUDING BANKS, WOULD BE ADVISED TO SEEK TO REDUCE EXCESSIVE DISCOUNT RATES AMONG CONSUMERS.
Modeling short-term interest rates as following regime-switching processes has become increasingly popular. Theoretically, regime-switching models are able to capture rational expectations of infrequently occurring discrete events. Technically, they allow for potential time-varying stationarity. After discussing both aspects with reference to the recent literature, this paper provides estimations of various univariate regime-switching specifications for the German three-month money market rate and bivariate specifications additionally including the term spread. However, the main contribution is a multi-step out-of-sample forecasting competition. It turns out that forecasts are improved substantially when allowing for state-dependence. Particularly, the informational content of the term spread for future short rate changes can be exploited optimally within a multivariate regime-switching framework.
This study uses Markov-switching models to evaluate the informational content of the term structure as a predictor of recessions in eight OECD countries. The empirical results suggest that for all countries the term spread is sensibly modelled as a two-state regime-switching process. Moreover, our simple univariate model turns out to be a filter that transforms accurately term spread changes into turning point predictions. The term structure is confirmed to be a reliable recession indicator. However, the results of probit estimations show that the markov-switching filter does not significantly improve the forecasting ability of the spread.
In this study a regime switching approach is applied to estimate the chartist and fundamentalist (c&f) exchange rate model originally proposed by Frankel and Froot (1986). The c&f model is tested against alternative regime switching specifications applying likelihood ratio tests. Nested atheoretical models like the popular segmented trends model suggested by Engel and Hamilton (1990) are rejected in favour of the multi agent model. Moreover, the c&f regime switching model seems to describe the data much better than a competing regime switching GARCH(1,1) model. Finally, our findings turned out to be relatively robust when estimating the model in subsamples. The empirical results suggest that the model is able to explain daily DM/Dollar forward exchange rate dynamics from 1982 to 1998.
A common prediction of macroeconomic models of credit market frictions is that the tightness of financial constraints is countercyclical. As a result, theory implies a negative collateralizability premium; that is, capital that can be used as collateral to relax financial constraints provides insurance against aggregate shocks and commands a lower risk compensation compared with non-collateralizable assets. We show that a longshort portfolio constructed using a novel measure of asset collateralizability generates an average excess return of around 8% per year. We develop a general equilibrium model with heterogeneous firms and financial constraints to quantitatively account for the collateralizability premium.
Most insurers in the European Union determine their regulatory capital requirements based on the standard formula of Solvency II. However, there is evidence that the standard formula inaccurately reflects insurers’ risk situation and may provide misleading steering incentives. In the second pillar, Solvency II requires insurers to perform a so-called “Own Risk and Solvency Assessment” (ORSA). In their ORSA, insurers must establish their own risk measurement approaches, including those based on scenarios, in order to derive suitable risk assessments and address shortcomings of the standard formula. The idea of this paper is to identify scenarios in such a way that the standard formula in connection with the ORSA provides a reliable basis for risk management decisions. Using an innovative method for scenario identification, our approach allows for a simple but relatively precise assessment of marginal and even non-marginal portfolio changes. We numerically evaluate the proposed approach in the context of market risk employing an internal model from the academic literature and the Solvency Capital Requirement (SCR) calculation under Solvency II.
Gradient capital allocation, also known as Euler allocation, is a technique used to redistribute diversified capital requirements among different segments of a portfolio. The method is commonly employed to identify dominant risks, assessing the risk-adjusted profitability of segments, and installing limit systems. However, capital allocation can be misleading in all these applications because it only accounts for the current portfolio composition and ignores how diversification effects may change with a portfolio restructuring. This paper proposes enhancing the gradient capital allocation by adding “orthogonal convexity scenarios” (OCS). OCS identify risk concentrations that potentially drive portfolio risk and become relevant after restructuring. OCS have strong ties with principal component analysis (PCA), but they are a more general concept and compatible with common empirical patterns of risk drivers being fat-tailed and increasingly dependent in market downturns. We illustrate possible applications of OCS in terms of risk communication and risk limits.
We show that the presence of high frequency trading (HFT) has significantly mitigated the frequency and severity of end-of-day price dislocation, counter to recent concerns expressed in the media. The effect of HFT is more pronounced on days when end of day price dislocation is more likely to be the result of market manipulation on days of option expiry dates and end of month. Moreover, the effect of HFT is more pronounced than the role of trading rules, surveillance, enforcement and legal conditions in curtailing the frequency and severity of end-of-day price dislocation. We show our findings are robust to different proxies of the start of HFT by trade size, cancellation of orders, and co-location.
We examine the impact of stock exchange trading rules and surveillance on the frequency and severity of suspected insider trading cases in 22 stock exchanges around the world over the period January 2003 through June 2011. Using new indices for market manipulation, insider trading, and broker-agency conflict based on the specific provisions of the trading rules of each stock exchange, along with surveillance to detect non-compliance with such rules, we show that more detailed exchange trading rules and surveillance over time and across markets significantly reduce the number of cases, but increase the profits per case.
In this paper we assess the implications of sunk costs and product differentiation on the pricing decisions of the multinational firms. For this purpose we use a modified version of Salop's spatial competition. The model yields clear-cut predictions regarding the effects of exchange rate shocks on the market structure and on pass-through. The main results are following: shocks within the band of inaction do not affect market structure. The upper bound of this range rises as the industry ratio of sunk- to fixed costs increases. As fixed costs and product heterogeneity jointly increase, the lower bound drops. Outside of the range, depreciations cause one or several of those foreign brands closest to the home brand to leave. This decreases the overall responsiveness of prices to exchange rate shocks. Large appreciations induce entry and increase the elasticity of prices. This asymmetry implies larger positive than negative PPP deviations. When accounting for price changes in foreign markets, strategic pricing behaviour is no longer sufficient to generate real exchange rate variability. Incomplete pass-through obtains if and only if the domestic firms have a smaller market share abroad. With large nominal exchange rate shocks a hysteresis result obtains if and only if sunk costs are non-zero. Klassifikation: C33, E31
Under a conventional policy rule, a central bank adjusts its policy rate linearly according to the gap between inflation and its target, and the gap between output and its potential. Under "the opportunistic approach to disinflation" a central bank controls inflation aggressively when inflation is far from its target, but concentrates more on output stabilization when inflation is close to its target, allowing supply shocks and unforeseen fluctuations in aggregate demand to move inflation within a certain band. We use stochastic simulations of a small-scale rational expectations model to contrast the behavior of output and inflation under opportunistic and linear rules. Klassifikation: E31, E52, E58, E61. July, 2005.
Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s. In the light of the B. Friedman and Kuttner (1992) information value approach, we reevaluate the vanishing relationship between US monetary aggregates and these macroeconomic fundamentals by taking into account the international currency feature of the US dollar. In practice, by using official US data for foreign flows constructed by Porter and Judson (1996) we find that domestic money (currency component of M1 corrected for the foreign holdings of dollars) contains valuable information about future movements of US real output and inflation. Statistical evidence here provided thus suggests that the Friedman and Schwartz's stylized facts can be reestablished once the focus of analysis is back on the domestic monetary aggregates. This Version: August, 2001. Klassifikation: E3, E4, E5
Research on interbank networks and systemic importance is starting to recognise that the web of exposures linking banks balance sheets is more complex than the single-layer-of-exposure paradigm. We use data on exposures between large European banks broken down by both maturity and instrument type to characterise the main features of the multiplex structure of the network of large European banks. This multiplex network presents positive correlated multiplexity and a high similarity between layers, stemming both from standard similarity analyses as well as a core-periphery analyses of the different layers. We propose measures of systemic importance that fit the case in which banks are connected through an arbitrary number of layers (be it by instrument, maturity or a combination of both). Such measures allow for a decomposition of the global systemic importance index for any bank into the contributions of each of the sub-networks, providing a useful tool for banking regulators and supervisors. We use the dataset of exposures between large European banks to illustrate the proposed measures.
We uncover a new channel for spillovers of funding dry-ups. The 2016 US money market fund (MMF) reform exogenously reduced unsecured MMF funding for some banks. We use novel data to trace those banks to a platform for corporate deposit funding. We show that intensified competition for corporate deposits spilled the funding squeeze over to other banks with no MMF exposure. These banks paid more for deposits, and their pool of funding providers deteriorated. Moreover, their lending volumes and margins declined, and their stocks underperformed. Our results suggest that banks' competitiveness in funding markets affect their competitiveness in lending markets.
We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while traded quantities are determined by means of a matching algorithm. We compare three alternative matching algorithms: maximum entropy, closest matching and random matching. Contagion occurs through liquidity hoarding, interbank interlinkages and fire sale externalities. The resulting network configurations exhibits a core-periphery structure, dis-assortative behavior and low clustering coefficient. We measure systemic importance by means of network centrality and input-output metrics and the contribution of systemic risk by means of Shapley values. Within this framework we analyze the effects of prudential policies on the stability/efficiency trade-off. Liquidity requirements unequivocally decrease systemic risk but at the cost of lower efficiency (measured by aggregate investment in non-liquid assets); equity requirements tend to reduce risk (hence increase stability) without reducing significantly overall investment.
In many cases, the dire situation of public finances calls into question the very soundness of sovereigns and prompts corrective actions with far-reaching consequences. In this context, European authorities responded with several measures on different fronts, for instance by passing the "Fiscal Compact", which entered into force on January 1, 2013. Of critical importance in this framework is the assessment of a country’s situation by way of statistical measures, in order to take corrective actions when called for according to the letter of the law. If these statistics are not correct, there is a risk of imposing draconian measures on countries that do not really need it.
The implications of delegating fiscal decision making power to sub-national governments has become an area of significant interest over the past two decades, in the expectation that these reforms will lead to better and more efficient provision of public goods and services. The move towards decentralization has, however, not been homogeneously implemented on the revenue and expenditure side: decentralization has materialized more substantially on the latter than on the former, creating "vertical fiscal imbalances". These imbalances measure the extent to which sub-national governments’ expenditures are financed through their own revenues. This mismatch between own revenues and expenditures may have negative consequences for public finances performance, for example by softening the budget constraint of sub-national governments. Using a large sample of countries covering a long time period from the IMF’s Government Finance Statistics Yearbook, this paper is the first to examine the effects of vertical fiscal imbalances on fiscal performance through the accumulation of government debt. Our findings suggest that vertical fiscal imbalances are indeed relevant in explaining government debt accumulation, and call for a degree of caution when promoting fiscal decentralization.
In 2003, a number of banks adopted the Equator Principles (EPs), a voluntary Code of Conduct based on the International Finance Corporation’s (IFC) performance standards, to ensure the ecological and social sustainability of project finance. These so called Equator Principles Financial Institutions (EPFI) commit to requiring their borrowers to adopt sustainable management plans of environmental and social risks associated with their projects. The Principles apply to the project finance business segment of the banks and cover projects with a total cost of US $10 million or more. While for long developing countries relied on World Bank and other public assistance to finance infrastructure projects there has occurred a shift in recent years to private funding. The NGOs have been frustrated by this shift of project finance as they had spent their resources to exercise pressure on the public financial institutions to incorporate environmental and social standards in their project finance activities. However, after a shift of NGO pressure to private financial institutions the latter adopted the EPs for fear of reputational risks. NGOs had laid down their own more ambitious ideas about sustainable finance in the Collevecchio Declaration on Financial Institutions and Sustainability. Legally speaking, the EPs are a self-regulatory soft law instrument. However, it has a hard law dimension as the Equator Banks require their borrowers to comply with the EPs through covenants in the loan contracts that may trigger a default in a case of violation. ...
[Tagungsbericht] Making finance sustainable: Ten years equator principles – success or letdown?
(2013)
In 2003, a number of banks adopted the Equator Principles (EPs), a voluntary Code of Conduct based on the International Finance Corporation’s (IFC) performance standards, to ensure the ecological and social sustainability of project finance. These so called Equator Principles Financial Institutions (EPFI) commit to requiring their borrowers to adopt sustainable management plans of environmental and social risks associated with their projects. The Principles apply to the project finance business segment of the banks and cover projects with a total cost of US $10 million or more. While for long developing countries relied on World Bank and other public assistance to finance infrastructure projects there has occurred a shift in recent years to private funding. The NGOs have been frustrated by this shift of project finance as they had spent their resources to exercise pressure on the public financial institutions to incorporate environmental and social standards in their project finance activities. However, after a shift of NGO pressure to private financial institutions the latter adopted the EPs for fear of reputational risks. NGOs had laid down their own more ambitious ideas about sustainable finance in the Collevecchio Declaration on Financial Institutions and Sustainability. Legally speaking, the EPs are a self-regulatory soft law instrument. However, it has a hard law dimension as the Equator Banks require their borrowers to comply with the EPs through covenants in the loan contracts that may trigger a default in a case of violation. ...
Since the outbreak of the financial crisis, the macro-prudential policy paradigm has gained increasing prominence (Bank of England, 2009; Bernanke, 2011). The dynamics of this shift in the economic discourse, and the reasons this shift has not taken place prior to the crisis have not been addressed systemically. This paper investigates the evolution of the economic discourse on systemic risk and banking regulation to better understand these changes and their timing. Further, we use our sample to inquire whether, and if so, why the economic regulatory studies failed to recommend a reliable banking regulation prior to the crisis. By following a discourse analysis, we establish that the economic discourse on banking regulation has not been suitable for providing the knowledge basis required for a dynamically reliable banking regulation, and we identify the underlying reasons for such failure. These reasons include the obsession of economic discourse with optimization and particular forms of formalism, particularly, partial equilibrium analysis. Further, the economic discourse on banking regulation excludes historical and practitioners’ discourses and ignores weak signals. We point out that post-crisis, these epistemological failures of the economic discourse on banking regulation were not sufficiently recognized and that recent attempts to conceptualize systemic risk as a negative externality and to thus price it point to the persistence of formalism, equilibrium thinking and optimization, with their attending dangers.
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the epidemic identical across regions. The procedure uncovers regional variation in the stage of the epidemic at the time of policy implementation. This variation delivers clean identification of the policy effect based on the epidemic path of a leading region that serves as a counterfactual for other regions. We apply our method to evaluate the effectiveness of the nationwide stay-home policy enacted in Spain against the Covid-19 pandemic. We find that the policy saved 15.9% of lives relative to the number of deaths that would have occurred had it not been for the policy intervention. Its effectiveness evolves with the epidemic and is larger when implemented at earlier stages.
We show that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of a multi year fiscal plan rather than of individual fiscal shocks. Simulation of fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the effects of consolidations depend on their design. Fiscal adjustments based upon spending cuts are much less costly, in terms of output losses, than tax-based ones and have especially low output costs when they consist of permanent rather than stop and go changes in taxes and spending. The difference between tax-based and spending-based adjustments appears not to be explained by accompanying policies, including monetary policy. It is mainly due to the different response of business confidence and private investment.
We develop a methodology to identify and rank “systemically important financial institutions” (SIFIs). Our approach is consistent with that followed by the Financial Stability Board (FSB) but, unlike the latter, it is free of judgment and it is based entirely on publicly available data, thus filling the gap between the official views of the regulator and those that market participants can form with their own information set. We apply the methodology to annual data on three samples of banks (global, EU and euro area) for the years 2007-2012. We examine the evolution of the SIFIs over time and document the shifs in the relative weights of the major geographic areas. We also discuss the implication of the 2013 update of the identification methodology proposed by the FSB.
Some have argued that recent increases in credit risk transfer are desirable because they improve the diversification of risk. Others have suggested that they may be undesirable if they increase the risk of financial crises. Using a model with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for liquidity. However, when they face idiosyncratic liquidity risk and hedge this risk in an interbank market, credit risk transfer can be detrimental to welfare. It can lead to contagion between the two sectors and increase the risk of crises. Klassifikation: G21, G22
When liquidity plays an important role as in times of financial crisis, asset prices in some markets may reflect the amount of liquidity available in the market rather than the future earning power of the asset. Mark-to-market accounting is not a desirable way to assess the solvency of a financial institution in such circumstances. We show that a shock in the insurance sector can cause the current value of banks’ assets to be less than the current value of their liabilities so the banks are insolvent. In contrast, if historic cost accounting is used, banks are allowed to continue and can meet all their future liabilities. Mark-to-market accounting can thus lead to contagion where none would occur with historic cost accounting. Klassifizierung: G21, G22, M41
Market discipline for financial institutions can be imposed not only from the liability side, as has often been stressed in the literature on the use of subordinated debt, but also from the asset side. This will be particularly true if good lending opportunities are in short supply, so that banks have to compete for projects. In such a setting, borrowers may demand that banks commit to monitoring by requiring that they use some of their own capital in lending, thus creating an asset market-based incentive for banks to hold capital. Borrowers can also provide banks with incentives to monitor by allowing them to reap some of the benefits from the loans, which accrue only if the loans are in fact paid o.. Since borrowers do not fully internalize the cost of raising capital to the banks, the level of capital demanded by market participants may be above the one chosen by a regulator, even when capital is a relatively costly source of funds. This implies that capital requirements may not be binding, as recent evidence seems to indicate. JEL Classification: G21, G38
We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholder-oriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value than shareholder-oriented societies. In some circumstances, firms may voluntarily choose to be stakeholder-oriented because this increases their value. Consumers that prefer to buy from stakeholder firms can also enforce a stakeholder society. With globalization entry by stakeholder firms is relatively more attractive than entry by shareholder firms for all societies. JEL Classification: D02, D21, G34, L13, L21
Banking and markets
(2001)
This paper integrates a number of recent themes in the literature in banking and asset markets–optimal risk sharing, limited market participation, asset-price volatility, market liquidity, and financial crises–in a general-equilibrium theory of the financial system. A complex financial system comprises both financial markets financial institutions. Financial institutions can take the form of intermediaries or banks. Banks, inlike intermediaries, are subject to runs, but crises do not imply market failure. We show that a sophisticated financiel system–a system with complete markets for aggregate risk and limited market participation–is incentive-efficient, if the institutions take the form of intermediaries, or else constrained-efficient, of they take the form of banks. We also consider an economy in which the markets for aggregate risks are incomplete. In this context, there is a rolefpr prudential regulation: regulating liquidity can improve welfare.
In this paper we propose a way forward towards increased financial resilience in times of growing disagreement concerning open borders, free trade and global regulatory standards. In light of these concerns, financial resilience remains a highly valued policy objective. We wish to contribute by suggesting an agenda of concrete, do-able steps supporting an enhanced level of resilience, combined with a deeper understanding of its relevance in the public domain.
First, remove inconsistencies across regulatory rules and territorial regimes, and ensure their credibility concerning implementation. Second, discourage the use of financial regulatory standards as means of international competition. Third, give more weight to pedagogically explaining the established regulatory standards in public, to strengthen their societal backing.
Im Rahmen der Arbeit wird empirisch untersucht, welche Reaktionen die Veröffentlichung von Periodenergebnissen als Teil der Unternehmenspublizität am deutschen Kapitalmarkt auslöst, welches die Bestimmungsfaktoren für das Ausmaß der Kapitalmarktreaktionen sind und ob Unternehmen in der Lage sind, durch ihre Publizitätsentscheidungen die Kapitalmarktreaktionen auf die Veröffentlichung von Periodenergebnissen zu beeinflussen. Kapitalmarktreaktionen auf die Veröffentlichung von Periodenergebnissen werden im Rahmen dieser Arbeit anhand von Aktienkursen und Handelsvolumen (Informationsgehalt) sowie anhand von Geld-Brief-Spannen (Informationsasymmetrie) gemessen. Als Ergebnis kann ein erhöhtes Ausmaß an abnormalen Renditen und Handelsvolumen am Tag der Ergebnisankündigung festgestellt werden, was darauf hinweist, dass Ergebnisankündigungen Informationsgehalt besitzen. Weiterhin kann festgestellt werden, dass durch Ergebnisankündigungen anhand von Geld-Brief-Spannen gemessene Informationsasymmetrien sinken. Weiterhin zeigt sich, dass die Kapitalmarktreaktion umso stärker ist, je mehr zusätzliche Informationen zusammen mit dem Periodenergebnis veröffentlicht werden. In diesem Zusammenhang kann auch gezeigt werden, dass sowohl Aktienkurs- und Handelsvolumenreaktionen als auch Geld-Brief-Spannen bei Anwendung international anerkannter Rechnungslegungsgrundsätze größer sind als bei Anwendung handelsrechtlicher Grundsätze. Dabei zeigt sich, dass Aktienkursreaktionen und Geld-Brief-Spannen über den Untersuchungszeitraum, der als Gewöhnungsphase an international anerkannte Rechnungslegungsgrundsätze angesehen werden kann, sinken und das Handelsvolumen steigt. Darüber hinaus kann gezeigt werden, dass die Kapitalmarktreaktion umso geringer ausfällt, je mehr oder je qualitativ hochwertiger die Unternehmenspublizität vor der Ergebnisankündigung ausfällt.
We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the window that contains the policy decision announcement and the window that contains the press conference. We also show that the QE-related policy factor has been dominant in the recent period and that Forward Guidance and QE effects have been very persistent on the longer-end of the yield curve. We further show that broad and banking stock indices' responses to monetary policy surprises depended on the perceived nature of the surprises. We find no evidence of asymmetric responses of financial markets to positive and negative surprises, in contrast to the literature on asymmetric real effects of monetary policy. Lastly, we show how to implement our methodology for any policy-related news release, such as policymaker speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event- Study Database (EA-MPD). This database, which contains intraday asset price changes around the policy decision announcement as well as around the press conference, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area.
We investigate whether government credit guarantee schemes, extensively used at the onset of the Covid-19 pandemic, led to substitution of non-guaranteed with guaranteed credit rather than fully adding to the supply of lending. We study this issue using a unique euro-area credit register data, matched with supervisory bank data, and establish two main findings. First, guaranteed loans were mostly extended to small but comparatively creditworthy firms in sectors severely affected by the pandemic, borrowing from large, liquid and well-capitalized banks. Second, guaranteed loans partially substitute pre-existing non-guaranteed debt. For firms borrowing from multiple banks, the substitution mainly arises from the lending behavior of the bank extending guaranteed loans. Substitution was highest for funding granted to riskier and smaller firms in sectors more affected by the pandemic, and borrowing from larger and stronger banks. Overall, the evidence indicates that government guarantees contributed to the continued extension of credit to relatively creditworthy firms hit by the pandemic, but also benefited banks’ balance sheets to some extent.
Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the determinants of changes in banks’ sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks responded to sovereign stress by purchasing domestic public debt more than other banks, with public banks’ purchases growing especially in coincidence with the largest ECB liquidity injections. Second, bank exposures significantly amplified the transmission of risk from the sovereign and its impact on lending. This amplification of the impact on lending does not appear to arise from spurious correlation or reverse causality.
In this paper we develop empirical measures for the strength of spillover effects. Modifying and extending the framework by Diebold and Yilmaz (2011), we quantify spillovers between sovereign credit markets and banks in the euro area. Spillovers are estimated recursively from a vector autoregressive model of daily CDS spread changes, with exogenous common factors. We account for interdependencies between sovereign and bank CDS spreads and we derive generalised impulse response functions. Specifically, we assess the systemic effect of an unexpected shock to the creditworthiness of a particular sovereign or country-specific bank index to other sovereign or bank CDSs between October 2009 and July 2012. Channels of transmission from or to sovereigns and banks are aggregated as a Contagion index (CI). This index is disentangled into four components, the average potential spillover: i) amongst sovereigns, ii) amongst banks, iii) from sovereigns to banks, and iv) vice-versa. We highlight the impact of policy-related events along the different components of the contagion index. The systemic contribution of each sovereign or banking group is quantified as the net spillover weight in the total net-spillover measure. Finally, the captured time-varying interdependence between banks and sovereigns emphasises the evolution of their strong nexus.
Brückenbauer in den Markt : wie Erfindungen an der Goethe-Uni ihren Weg in die Wirtschaft finden
(2018)
AS WE INCREASINGLY RELY ON SEARCH ENGINES AS AN IMPORTANT SOURCE OF INFORMATION TO SUPPORT OUR DECISIONS, SEARCH ENGINES BECAME AN IMPORTANT VENUE FOR FIRMS TO ATTRACT ATTENTION AND SECURE THE LONGEVITY OF THEIR OPERATIONS. THIS ARTICLE DISCUSSES THE RESULTS OF OUR EMPIRICAL STUDIES ON HOW TO CAPTURE A FIRM’S VISIBILITY IN ORGANIC SEARCH AND HOW IT AFFECTS ITS SHORT- AND LONG-TERM FINANCIAL PERFORMANCE.
TO INCREASE THE INFORMATION SECURITY AWARENESS AMONG THEIR WORKFORCE AND TO ACHIEVE SECURE INFORMATION SYSTEMS, DECISION-MAKERS EMPLOY MEASURES OF INFORMATION SECURITY, SUCH AS SECURITY POLICIES OR ASSOCIATED TRAINING AND EDUCATIONAL PROGRAMS. HOWEVER, THESE MEASURES MIGHT STRESS EMPLOYEES. THIS IS TRUE IF, FOR INSTANCE, INFORMATION SECURITY MEASURES ARE PERCEIVED AS DIFFICULT TO UNDERSTAND, AS AN INVASION OF PRIVACY, OR IF THEY GIVE RISE TO CONFLICTS OF INTEREST. CONSEQUENTLY, A MULTI-FACETED PERSPECTIVE ON EMPLOYEES' STRUGGLE WITH INFORMATION SECURITY IS DISCUSSED.
Volatility forecasting
(2005)
Volatility has been one of the most active and successful areas of research in time series econometrics and economic forecasting in recent decades. This chapter provides a selective survey of the most important theoretical developments and empirical insights to emerge from this burgeoning literature, with a distinct focus on forecasting applications. Volatility is inherently latent, and Section 1 begins with a brief intuitive account of various key volatility concepts. Section 2 then discusses a series of different economic situations in which volatility plays a crucial role, ranging from the use of volatility forecasts in portfolio allocation to density forecasting in risk management. Sections 3, 4 and 5 present a variety of alternative procedures for univariate volatility modeling and forecasting based on the GARCH, stochastic volatility and realized volatility paradigms, respectively. Section 6 extends the discussion to the multivariate problem of forecasting conditional covariances and correlations, and Section 7 discusses volatility forecast evaluation methods in both univariate and multivariate cases. Section 8 concludes briefly. JEL Klassifikation: C10, C53, G1.
What do academics have to offer market risk management practitioners in financial institutions? Current industry practice largely follows one of two extremely restrictive approaches: historical simulation or RiskMetrics. In contrast, we favor flexible methods based on recent developments in financial econometrics, which are likely to produce more accurate assessments of market risk. Clearly, the demands of real-world risk management in financial institutions - in particular, real-time risk tracking in very high-dimensional situations - impose strict limits on model complexity. Hence we stress parsimonious models that are easily estimated, and we discuss a variety of practical approaches for high-dimensional covariance matrix modeling, along with what we see as some of the pitfalls and problems in current practice. In so doing we hope to encourage further dialog between the academic and practitioner communities, hopefully stimulating the development of improved market risk management technologies that draw on the best of both worlds.
A rapidly growing literature has documented important improvements in volatility measurement and forecasting performance through the use of realized volatilities constructed from high-frequency returns coupled with relatively simple reduced-form time series modeling procedures. Building on recent theoretical results from Barndorff-Nielsen and Shephard (2003c,d) for related bi-power variation measures involving the sum of high-frequency absolute returns, the present paper provides a practical framework for non-parametrically measuring the jump component in realized volatility measurements. Exploiting these ideas for a decade of high-frequency five-minute returns for the DM/$ exchange rate, the S&P500 market index, and the 30-year U.S. Treasury bond yield, we find the jump component of the price process to be distinctly less persistent than the continuous sample path component. Explicitly including the jump measure as an additional explanatory variable in an easy-to-implement reduced form model for realized volatility results in highly significant jump coefficient estimates at the daily, weekly and quarterly forecast horizons. As such, our results hold promise for improved financial asset allocation, risk management, and derivatives pricing, by separate modeling, forecasting and pricing of the continuous and jump components of total return variability.
We characterize the response of U.S., German and British stock, bond and foreign exchange markets to real-time U.S. macroeconomic news. Our analysis is based on a unique data set of high-frequency futures returns for each of the markets. We find that news surprises produce conditional mean jumps; hence high-frequency stock, bond and exchange rate dynamics are linked to fundamentals. The details of the linkages are particularly intriguing as regards equity markets. We show that equity markets react differently to the same news depending on the state of the economy, with bad news having a positive impact during expansions and the traditionally-expected negative impact during recessions. We rationalize this by temporal variation in the competing "cash flow" and "discount rate" effects for equity valuation. This finding helps explain the time-varying correlation between stock and bond returns, and the relatively small equity market news effect when averaged across expansions and recessions. Lastly, relying on the pronounced heteroskedasticity in the high-frequency data, we document important contemporaneous linkages across all markets and countries over-and-above the direct news announcement effects. JEL Klassifikation: F3, F4, G1, C5
We selectively survey, unify and extend the literature on realized volatility of financial asset returns. Rather than focusing exclusively on characterizing the properties of realized volatility, we progress by examining economically interesting functions of realized volatility, namely realized betas for equity portfolios, relating them both to their underlying realized variance and covariance parts and to underlying macroeconomic fundamentals.
A large literature over several decades reveals both extensive concern with the question of time-varying betas and an emerging consensus that betas are in fact time-varying, leading to the prominence of the conditional CAPM. Set against that background, we assess the dynamics in realized betas, vis-à-vis the dynamics in the underlying realized market variance and individual equity covariances with the market. Working in the recently-popularized framework of realized volatility, we are led to a framework of nonlinear fractional cointegration: although realized variances and covariances are very highly persistent and well approximated as fractionally-integrated, realized betas, which are simple nonlinear functions of those realized variances and covariances, are less persistent and arguably best modeled as stationary I(0) processes. We conclude by drawing implications for asset pricing and portfolio management. JEL Klassifikation: C1, G1
We extend the classical ”martingale-plus-noise” model for high-frequency prices by an error correction mechanism originating from prevailing mispricing. The speed of price reversal is a natural measure for informational efficiency. The strength of the price reversal relative to the signal-to-noise ratio determines the signs of the return serial correlation and the bias in standard realized variance estimates. We derive the model’s properties and locally estimate it based on mid-quote returns of the NASDAQ 100 constituents. There is evidence of mildly persistent local regimes of positive and negative serial correlation, arising from lagged feedback effects and sluggish price adjustments. The model performance is decidedly superior to existing stylized microstructure models. Finally, we document intraday periodicities in the speed of price reversion and noise-to-signal ratios.
This paper analyses two reasons why inflation may interfere with price adjustment so as to create inefficiencies in resource allocation at low rates of inflation. The first argument is that the higher the rate of inflation the lower the likelihood that downward nominal rigidities are binding (the Tobin argument) which implies a non-linear Phillips-curve. The second argument is that low inflation strengthens nominal price rigidities and thus impairs the flexibility of the price system resulting in a less efficient resource allocation. It is argued that inflation can be too low from a welfare point of view due to the presence of nominal rigidities, but the quantitative importance is an open question.
We investigate the characteristics of infrastructure as an asset class from an investment perspective of a limited partner. While non U.S. institutional investors gain exposure to infrastructure assets through a mix of direct investments and private fund vehicles, U.S. investors predominantly invest in infrastructure through private funds. We find that the stream of cash flows delivered by private infrastructure funds to institutional investors is very similar to that delivered by other types of private equity, as reflected by the frequency and amounts of net cash flows. U.S. public pension funds perform worse than other institutional investors in their infrastructure fund investments, although they are exposed to underlying deals with very similar project stage, concession terms, ownership structure, industry, and geographical location. By selecting funds that invest in projects with poor financial performance, U.S. public pension funds have created an implicit subsidy to infrastructure as an asset class, which we estimate within the range of $730 million to $3.16 billion per year depending on the benchmark.
Shallow meritocracy
(2023)
Meritocracies aspire to reward hard work and promise not to judge individuals by the circumstances into which they were born. However, circumstances often shape the choice to work hard. I show that people's merit judgments are "shallow" and insensitive to this effect. They hold others responsible for their choices, even if these choices have been shaped by unequal circumstances. In an experiment, US participants judge how much money workers deserve for the effort they exert. Unequal circumstances disadvantage some workers and discourage them from working hard. Nonetheless, participants reward the effort of disadvantaged and advantaged workers identically, regardless of the circumstances under which choices are made. For some participants, this reflects their fundamental view regarding fair rewards. For others, the neglect results from the uncertain counterfactual. They understand that circumstances shape choices but do not correct for this because the counterfactual—what would have happened under equal circumstances—remains uncertain.
We document the individual willingness to act against climate change and study the role of social norms in a large sample of US adults. Individual beliefs about social norms positively predict pro-climate donations, comparable in strength to universal moral values and economic preferences such as patience and reciprocity. However, we document systematic misperceptions of social norms. Respondents vastly underestimate the prevalence of climate-friendly behaviors and norms. Correcting these misperceptions in an experiment causally raises individual willingness to act against climate change as well as individual support for climate policies. The effects are strongest for individuals who are skeptical about the existence and threat of global warming.
This paper shows that support for climate action is high across survey participants from all EU countries in three dimensions: (1) Participants are willing to contribute personally to combating climate change, (2) they approve of pro-climate social norms, and (3) they demand government action. In addition, there is a significant perception gap where individuals underestimate others' willingness to contribute to climate action by over 10 percentage points, influencing their own willingness to act. Policymakers should recognize the broad support for climate action among European citizens and communicate this effectively to counteract the vocal minority opposed to it.
Investors' return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents' mental models -- their subjective understanding -- of the stock market, drawing on surveys with the US general population, US retail investors, US financial professionals, and academic experts. Respondents make return forecasts in scenarios describing stale news about the future earnings streams of companies, and we collect rich data on respondents' reasoning. We document three main results. First, inference from stale news is rare among academic experts but common among households and financial professionals, who believe that stale good news lead to persistently higher expected returns in the future. Second, while experts refer to the notion of market efficiency to explain their forecasts, households and financial professionals reveal a neglect of equilibrium forces. They naively equate higher future earnings with higher future returns, neglecting the offsetting effect of endogenous price adjustments. Third, a series of experimental interventions demonstrate that these naive forecasts do not result from inattention to trading or price responses but reflect a gap in respondents' mental models -- a fundamental unfamiliarity with the concept of equilibrium.
Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees and managers. Using a panel of OECD-headquartered firms, we show that firm productivity temporarily declines upon announcements of speculative takeover rumors that do not materialize. This productivity dip is more pronounced for targets and for firms in countries with weaker employee rights and less long-term orientation. Abnormal stock returns mirror these results. The evidence fosters our understanding of potential real effects of speculative financial news and the costs of takeover threats.
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the concentration of control does not have an effect on the dividend payout, there is strong evidence that the type of controlling shareholder matters as family controlled firms have high dividend payouts whereas bank controlled firms have low dividend payouts. However, there is no evidence that the dividend preference of the large shareholder has an impact on the dividend decision. JEL Classification: G32, G35 Keywords: Dividend Policy, Payout Policy, Lintner Dividend Model, Tax Clientele Effects, Corporate Governance
Recent advances in natural language processing have contributed to the development of market sentiment measures through text content analysis in news providers and social media. The effectiveness of these sentiment variables depends on the imple- mented techniques and the type of source on which they are based. In this paper, we investigate the impact of the release of public financial news on the S&P 500. Using automatic labeling techniques based on either stock index returns or dictionaries, we apply a classification problem based on long short-term memory neural networks to extract alternative proxies of investor sentiment. Our findings provide evidence that there exists an impact of those sentiments in the market on a 20-minute time frame. We find that dictionary-based sentiment provides meaningful results with respect to those based on stock index returns, which partly fails in the mapping process between news and financial returns.