Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 14-123 // 2014

    What Drives the Demand of Monetary Financial Institutions for Domestic Government Bonds? - Empirical Evidence on the Impact of Basel II and Basel III

    This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign…

  2. ZEW Discussion Paper No. 14-110 // 2014

    Overleveraging, Financial Fragility and the Banking-Macro Link: Theory and Empirical Evidence

    We investigate consequences of overleveraging and financial sector stress on real economic activities. When banks become vulnerable, due to high leveraging, and there is a strong feedback between the real and…

  3. Financial Market Report CEE // 2014

    December 2014

    • Economic Sentiments for the CEE Region Fluctuate
    • Czech Republic, Poland, and Slovakia: Current Situation Deteriorates
    • Croatia, Hungary, and Romania: Stable Economic Outlook
    • Turkey: Economic Expectations on Highest…
  4. ZEW Discussion Paper No. 14-100 // 2014

    The Effects of Corporate and Country Sustainability Characteristics on the Cost of Debt: An International Investigation

    We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different…

  5. ZEW-Finanzmarktreport // 2014

    Dezember 2014

    • Erster Zugewinn seit Jahresbeginn
    • EZB: Inflationserwartungen erneut gefallen
    • USA: Anstieg der kurzfristigen Zinsen erwartet
    • Japan: Erwartungen reagieren positiv auf angekündigten Konjunkturstimulus
    • Großbritannien:…
  6. Financial Market Report Switzerland // 2014

    December 2014

    • Rebound in Sentiment
    • Most Analysts Expect an Unchanged Inflation Rate
    • Fewer Analysts Expect Long-Term Interest Rate to Rise
    • Euro Falls, but Expectations of an Appreciation Rise
    • Stock Market Rebound Boosts Confidence

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)