Publications of the Research Unit Pensions and Sustainable Financial Markets

Do governments strategically choose debt maturity to fill supply gaps across maturities? Building on a new panel data set of more than 9,000 individual Eurozone government debt issues between 1999 and 2015, I…

European banks are exposed to a substantial amount of risky sovereign debt. The “missing bank capital” resulting from the zero-risk weight exemption for European banks for European sovereign debt amplifies the…

• Economic Expectations Continue to Sink as End of Year Approaches
• 26 analysts participated in the December survey, which was conducted during the period 4 till 13 December 2017

• Stable Business Environment at Year-End
• Positive Financing Situation and Improved Prospects for 2018
• Robust Financing Environment for the Logistics, Residential and Office Sectors
• Virtually Unchanged Refinancing…

The European Central Bank’s Corporate Sector Purchase Programme (CSPP), launched in June 2016, increased the supply and lowered the cost of capital for eligible, i.e., investment grade, Eurozone firms through…

• Economic Expectations for China Bright Despite Decline in CEP Indicator
• 33 analysts participated in the November survey, which was conducted during the period 26 October till 15 November 2017

• Stabiles Wachstums auf relativ hohem Niveau
• Eurogebiet: Positive Einschätzung der Konjunkturlage
• USA: Konjunkturerwartungen legen deutlich zu
• Japan: Konjunkturlage verbessert sich deutlich
• Großbritannien:…