Publications of the Research Unit Pensions and Sustainable Financial Markets

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…

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…

• 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…

• 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…

• Konjunkturerwartungen legen zu
• EZB: Inflation lässt Zinserhöhung wahrscheinlicher werden
• USA: Erwartungen verbessern sich deutlich
• Japan: Konjunkturerwartungen erneut etwas besser
• Großbritannien: Verbesserte…

• 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…

• 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…

• Stabile Erwartungen zum Jahreswechsel
• EZB: Experten erwarten steigende Inflation
• USA: Lageeinschätzung verbessert sich
• Japan: Finanzmarktexperten weiterhin skeptisch
• Großbritannien: Experten überraschend…

This paper presents an analysis of pension funds' performance in Poland and Hungary, two Central European countries characterized by strong regulation of their private pension fund industries. Thus, the paper…