Publications of the Research Unit Pensions and Sustainable Financial Markets

• International Financial Market Data - Assessments and Expectations
• European Stock Markets Expected to Stay Much the Same
• Smaller Majority for a Stable EUR/CHF Rate
• A Rise in Inflation Expectations
• Higher Long-term…

• Higher Public Spending to Support Economic Growth
• Sharp Increase Forecast in Company Takeovers in China and Abroad
• New Capital Controls Expected to Have only Minor Impact

• Konjunkturaussicht hellt sich weiter auf
• Eurozone: Anstieg der Zinserwartungen
• USA: Konjunkturerwartungen legen erneut zu
• Japan: Konjunkturausblick weiterhin verhalten
• Großbritannien: Konjunkturerwartungen gehen…

The economic meltdown since 2008-9 has created disinflation, and even deflation in some countries in the Euro-area, in a period with large debt overhang, creating the condition for a continuing financial market…

• International Financial Market Data - Assessments and Expectations
• No Further Interest Rate Cuts Expected in Europe
• Stable Exchange Rate Expectations
• Inflation Expectations Remain Positive
• Stock-Market Expectations…

• Leichte Verbesserung der Konjunkturerwartungen
• Eurozone: Anstieg der Inflationsrate erwartet
• USA: Konjunkturerwartungen wieder im positiven Bereich
• Japan: Konjunkturlage gleitet weiter ins Minus
• Großbritannien:…

• Neutral Outlook, Absence of Growth Drivers
• International Financial Market Data — Assessments and Expectations
• CHF Expected to Depreciate against USD
• Expectations for Interest Rates in Switzerland Remain Unchanged
• A…

In summer 2011, elevated sovereign risk in Eurozone peripheral countries increased the solvency risk of Eurozone banks, precipitating a run on their short-term debt. We assess the effectiveness of different…

We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs…