Publikationen des Forschungsbereichs Altersvorsorge und nachhaltige Finanzmärkte

  1. Referierte Fachzeitschrift // 2017

    Covenant Violations, Loan Contracting, and Default Risk of Bank Borrowers

    Are borrowers rewarded for repaying their loans? This paper investigates the consequences of covenant violations on subsequent loans to the same borrower using a hand-collected sample of US syndicated loans…

  2. Gutachten // 2017

    Konjunkturindikatoren für China

    Das Projekt hat zum Ziel, die vorhandenen gleichlaufenden und vorlaufenden Konjunkturindikatoren zu systematisieren sowie qualitativ und quantitativ zu beurteilen. Die Analysen sollen herausarbeiten, welche…

  3. ZEW Discussion Paper // 2017

    Evaluating Regulation Within an Artificial Financial System – A Framework and Its Application to the Liquidity Coverage Ratio Regulation

    We develop a general model of the financial system that allows for the evaluation of bank regulation. Our framework comprises the agents and institutions that have proved crucial in the propagation of the…

  4. Referierte Fachzeitschrift // 2017

    A Financially Stressed Euro Area

    The authors analyse 149 newly compiled monthly time series on financial market stress conditions in the euro area. With the aid of a factor model they find different sources of financial stress that are…

  5. Referierte Fachzeitschrift // 2017

    Mind the Gap: The Difference between U.S. and European Loan Rates

    We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs…