Motivated by the current discussion on different separate banking systems, we provide an overview of the different systems, question them and outline their effect on systemic stability and the German banking sector. The results show that the various separate banking systems only play a minor...

In this paper, we analyze whether the domiciliation decision of mutual funds has an impact on fund fees. To explain the fee price-setting of mutual funds, we consider characteristics specific to funds, fund companies, and countries. We find that fees vary considerably across fund types and...

This paper analyses fundamental location factors for the financial industry by investigating the economic significance of market participants' assessments of location factors and country-specific characteristics over time. A unique data set allows studying the locational attractiveness of...

China's pension system is facing a large gap of more than one trillion RMB. The investment efficiency of the social security fund therefore receives widespread attention in academic circles. We collected data of stocks held by the Chinese National Council for Social Security Fund (CNCSSF) from...

Motivated by the current discussion on different separate banking systems, we provide an overview and assessment of the different proposed systems and outline their potential effects on systemic stability and the German banking sector. The results show that the various separate banking systems...

For a long time Germany has been an underperformer in Socially/Sustainable and Responsible Investment (SRI) which are typically based on mutual investment funds. As many Cooperative and Savings Banks now very successfully offer investments into bio energy or solar projects/companies (among...