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272 Ergebnisse, ab 11

Frühwarnsysteme für Verschuldungs‐ und Bankenkrisen

Aktuelles Projekt| Makroökonomie

Early warning systems for sovereign and banking crises

Aktuelles Projekt| Makroökonomie

Banking Sector Diversity: Does it matter for sector stability and SME financing?

Aktuelles Projekt| Makroökonomie
DIW Seminar on Macroeconomics and Financial Markets

Financial frictions and wages

This paper aims at analyzing the interaction between financial frictions and wages. We use a large data set for Germany for 2006 to 2014 that combines administrative data on workers and wages with detailed information on firms' balance sheets. ...

30.05.2018| Britta Gehrke, Friedrich-Alexander-University Erlangen-Nürnberg
DIW Roundup 133 / 2019

Insolvency Regimes and Economic Outcomes

When in distress, a firm may need restructuring or liquidation; in either case, legal uncertainty compounds the difficulty. Sound and efficient insolvency regimes are important as these not just positively affect investment, innovation, and economic

2019| Tatsiana Kliatskova, Loïc Baptiste Savatier
Diskussionspapiere 1768 / 2018

Legal Harmonization, Institutional Quality, and Countries' External Positions: A Sectoral Analysis

This paper analyzes links between institutional harmonization and bilateral portfolio debt and equity holdings at the sectoral level. Motivated by the action plan for the European Capital Markets Union, we examine the potential for legal ...

2018| Franziska Bremus, Tatsiana Kliatskova
Externe referierte Aufsätze

Big Banks and Macroeconomic Outcomes: Theory and Cross‐Country Evidence of Granularity

Does the mere presence of big banks affect macroeconomic outcomes? We develop a theory of granularity for the banking sector by modeling heterogeneous banks charging variable markups. Using data for a large set of countries, we show that the banking

In: Journal of Money, Credit and Banking 50 (2018), 8, S. 1785-1825 | Franziska Bremus, Claudia M. Buch, Katheryn N. Russ, Monika Schnitzer
Diskussionspapiere 1733 / 2018

Estimating a Latent Risk Premium in Exchange Rate Futures

Using exchange rates futures instead of forwards completes the maturity spectrum of the correlation between the spot return and the premium. The correlation decreases with increasing maturity, presumably due to a latent risk premium. We hypothesize .

2018| Kerstin Bernoth, Jürgen von Hagen, Casper G. de Vries
Weekly Report

A stabilization fund can make the euro area more crisis-proof

Reorganizing European fiscal policy is a main topic in current reform considerations. In particular, the creation of a European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the ...

06.06.2018| Marius Clemens, Mathias Klein
272 Ergebnisse, ab 11