Thema Finanzmärkte

clear
367 Ergebnisse, ab 361
Externe referierte Aufsätze

Sovereign Risk Premiums in the European Government Bond Market

This paper provides a study of bond yield differentials among EU government bonds on the basis of a unique data set of issue spreads in the US and DM (Euro) bond market between 1993 and 2009. Interest differentials between bonds issued by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively on the issuer's relative bond market size. The ...

In: Journal of International Money and Finance 31 (2012), 5, S. 975-995 | Kerstin Bernoth, Jürgen von Hagen, Ludger Schuknecht
Externe referierte Aufsätze

The Long Run Relationship between Private Consumption and Wealth: Common and Idiosyncratic Effects

We investigate the long run relationship between private consumption, disposable income and wealth approximated by equity and house price indices for a panel of 15 industrialized countries. Consumption, income and wealth are cointegrated in their common components. The impact of house prices exceeds the effect arising from equity wealth. The long run vector is broadly in line with the life cycle permanent ...

In: Portuguese Economic Journal 11 (2012), 1, S. 21-34 | Christian Dreger, Hans-Eggert Reimers
DIW Wochenbericht 19 / 2012

Wir haben es verdient! Kommentar

2012| Dorothea Schäfer
Diskussionspapiere 1198 / 2012

Financial Transaction Tax Contributes to More Sustainability in Financial Markets

We argue that a financial transaction tax complements financial market regulation. With the tax, governments have an additional instrument at hand to influence trading activity. FTT aims to reduce regulatory arbitrage, flash trading, overactive portfolio management, excessive leverage and speculative transactions of financial institutions. The focus clearly addresses these classes of activities that ...

2012| Dorothea Schäfer
Diskussionspapiere 1254 / 2012

Business Cycles, International Trade and Capital Flows: Evidence from Latin America

This paper adopts a flexible framework to assess both short- and long-run business cycle linkages between six Latin American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the period 1980:I-2011:IV. The result indicate that within the LA region there are considerable differences between countries, success stories coexisting with extremely ...

2012| Guglielmo Maria Caporale, Alessandro Girardi
367 Ergebnisse, ab 361