Publications of the Research Unit Pensions and Sustainable Financial Markets

For many central banks, overnight money markets are the key channel through which monetary policy is executed. Overnight rates, such as the US federal funds rate, are the operational targets of monetary policy…

• Economic Outlook for Switzerland Continues to Deteriorate
• Eurozone: Survey Participants Continue to Anticipate Interest Rate Cuts
• United States: No brightening up of the Economic Picture Expected
• Japan: Economy…

• Economic Sentiment for Central and Eastern Europe Recovers Considerably
• Very Good Economic Situation in the Czech Republic and Slovakia; Depreciation of Both Currencies Expected
• A Brighter Outlook for the…

• Erwartungen auf Erholungskurs
• EZB: Experten bleiben bei Zinssenkungen
• USA: Hoffen auf die US-Notenbank
• Japan: Konjunkturelle Abschwächung erwartet
• Großbritannien: Inflationssorgen nehmen zu
• Sonderfrage: Outsourcing…

Motivated by substantial cross-sectional variation in banks’ leverage, which stands in contrast to the conventional wisdom that capital regulation is the main driver of banks’ capital structures, this paper…

• Economic Expectations for Switzerland Have Diminished Noticeably
• Eurozone: Risks for the Economy Outweigh Concerns Over Inflation
• United States: Assessment of Economic Situation Has Worsened
• Japan: Economy at a…

• Langsamer Start ins Jahr 2008
• Die voraussichtliche Lage in der EWU
• Ergebnisse der Märzumfrage 2008
• Wirtschaftszweig ist bei Geschäftslage und Erwartungen gespalten
• Arbeitsmarktreformen in einem Mikrosimulations- und…

• Outlook for the CEE Stock Markets Improves Significantly
• Assessment of Slovakia's Economy Remains Leading in the Region; Further Rise of Poland's Interest Rates Expected
• Inflation Rates in Hungary Expected to Fall…