Seit der russischen Vollinvasion der Ukraine am 24. Februar 2022 lässt sich eine Versicherheitlichung des auswärtigen Handelns der Europäischen Union (EU) beobachten. Institutionell betrachtet wird die Gemeinsame Außen- und Sicherheitspolitik (GASP) zunehmend von der Gemeinsamen Sicherheits-...

In dynamic models of asset markets with asymmetric information and endogenous screening, the anticipation of signaling through delayed sales incentivizes originators to exert greater effort ex ante. A central prediction in those models is a positive relationship between screening effort and the...

Using hand-collected data on European auto asset-backed securities (Auto ABS), we examine the role of mutual funds in financing the transition to zero-emission mobility. Mutual funds, particularly those with a green mandate, tend to have a higher exposure to sustainability-transparent Auto ABS...

Since Russia's full-scale invasion of Ukraine on 24 February 2022, a process of securitisation of the European Union's (EU) external action can be observed. From an institutional perspective, the Common Foreign and Security Policy (CFSP) increasingly overlaps with the Common Security and Defence...

This paper analyzes the private production of safe assets and its implications for financial stability. Financial intermediaries (FIs) originate loans, exert hidden effort to improve loan quality, and create safe assets by issuing debt backed by the safe payments from (i) their own loans and...

Using hand-collected data on European auto asset-backed securities (Auto ABS), we examine the role of mutual funds in financing the transition to zero-emission mobility. Mutual funds, particularly those with a green mandate, tend to have a higher exposure to sustainability-transparent Auto ABS...

Seit der russischen Vollinvasion der Ukraine am 24. Februar 2022 lässt sich eine Versicherheitlichung des auswärtigen Handelns der Europäischen Union (EU) beobachten. Institutionell betrachtet wird die Gemeinsame Außen- und Sicherheitspolitik (GASP) zunehmend von der Gemeinsamen Sicherheits-...