Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW-Finanzmarktreport // 2011

    März 2011

    • Positive Entwicklung setzt sich fort
    • EZB: Reaktion auf Inflationsgefahr erwartet
    • USA: Lageeinschätzung deutlich verbessert
    • Japan: Erwartungssaldo steigt
    • Großbritannien: enttäuschte Hoffnungen
    • Sonderfrage: Aktuelle…
  2. ZEW Discussion Paper No. 11-014 // 2011

    Do Residential Property Companies Systematically Adjust Their Capital Structure? The Case of Germany

    Our paper analyzes the corporate financing behavior of German residential property companies. The German residential property industry is characterized by a predominance of nonlisted companies with different…

  3. ZEW Discussion Paper No. 11-012 // 2011

    International Diversification with Securitized Real Estate and the Veiling Glare from Currency Risk

    Do investments in international securitized real estate markets make a statistically significant contribution to an internationally diversified mixed-asset portfolio, and does currency risk exposure have an…

  4. ZEW Discussion Paper No. 11-006 // 2011

    Short-term Borrowing for Long-term Projects: Are Family Businesses More Susceptible to Irrational Financing Choices?

    Based on a dataset with 1,417 family and 1,195 non-family businesses in Germany, we find that family businesses rely more heavily than other enterprises on short term credit in order to finance long term…

  5. Financial Market Report Switzerland // 2011

    February 2011

    • Expectations Diminish in January
    • Eurozone: Economic Outlook Improves Considerably
    • USA: Inflation Expectations Continue to Climb
    • Japan: Economic Prospects Look Brighter
    • Great Britain: Interest Rate Outlook Hardly…
  6. Financial Market Report CEE // 2011

    February 2011

    • Weaker Economic Expectations for Turkey Weight on CEE Sentiment
    • Czech Republic, Poland, and Slovakia: Increasing Inflation Risks
    • Croatia, Hungary, and Romania: Positive Economic Outlook for Croatia
    • Turkey: Weaker…
  7. ZEW-Finanzmarktreport // 2011

    Februar 2011

    • Konjunkturerwartungen legen zu
    • EZB: Inflation lässt Zinserhöhung wahrscheinlicher werden
    • USA: Erwartungen verbessern sich deutlich
    • Japan: Konjunkturerwartungen erneut etwas besser
    • Großbritannien: Verbesserte…
  8. Financial Market Report Switzerland // 2011

    January 2011

    • Economic Outlook Brightens up
    • Eurozone: Economic Outlook Continues to Improve
    • USA: Inflation Expectations Still Subdued
    • Japan: Interest Rate Forecasts Remain Low
    • Great Britain: Economic Outlook Lights up a Little
    • Spe…
  9. Financial Market Report CEE // 2011

    January 2011

    • Reduced Economic Expectations for Central and Eastern Europe
    • Czech Republic, Poland, and Slovakia: Brighter Outlook for Slovakia
    • Croatia, Hungary, and Romania: Higher Interest Rates in Hungary
    • Turkey: Positive…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)