We investigate the implications of government interventions and regulatory changes on too-big-too-fail expectations of European banks. First evidence from market returns over the 1996 to 2016 period suggests that…
This research project aims at analyzing the economic effects of earthquake risk realization, using the example of urban housing prices in China. Empirical evidence as to how catastrophic tail events affect …
The objective of the project is to identify and construct forward-looking indicators in order to assess the developments in the markets of selected sectors and regularly deliver them to Evonik Industries AG…
The project analysed financing conditions for energy retrofits by condominium owner associations (COA) in the German state of Baden-Württemberg. Increasing the rate of energy saving refurbishments in the…
The overarching research questions of the project are as follows: What are the effects of ongoing demographic, sociocultural and structural changes on the utilization of existing single-family home stocks in…
This research project analyzes the consequences of financial transaction taxes in terms of incidence and behavioral responses. In particular, it aims at studying channels through which financial transaction…
The ability of financial markets to bear risk is central to economic welfare and stability. Growth and economic wellbeing is inhibited if financial markets are unable to transfer resources efficiently from the…
The increasing international integration of labour markets can no longer be sufficiently described along industry sectors or skill categories based on educational achievements. Instead, technological innovations…
The project aims at assessing the economic relevance of credit scoring. The central topics are the usefulness of credit scores for the prediction of credit risks as well the effects of credit scoring on future …