Showing 81 - 90 of 2,724
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …
Persistent link: https://www.econbiz.de/10012129430
This paper considers the arguments for fundamental pension reform in Germany and the United States. The two countries …
Persistent link: https://www.econbiz.de/10011399275
The purpose of this paper is to measure the potential impact of business-sector concentration on economic capital for loan portfolios and to explore a tractable model for its measurement. The empirical part evaluates the increase in economic capital in a multi-factor asset value model for...
Persistent link: https://www.econbiz.de/10011618414
and pension wealth - for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between … Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth …
Persistent link: https://www.econbiz.de/10011622210
Persistent link: https://www.econbiz.de/10011609519
Persistent link: https://www.econbiz.de/10011639606
Oil is perceived as a good diversification tool for stock markets. To fully understand this potential, we propose a new empirical methodology that combines generalized autoregressive score copula functions with high frequency data and allows us to capture and forecast the conditional...
Persistent link: https://www.econbiz.de/10010499593
high as net assets, while in Germany, this potential can be even higher. Regarding the information funds provide to … investment behavior of funds. For instance, in Germany, funds that use more short than long CDS often state that they only use …
Persistent link: https://www.econbiz.de/10010503880
What determines the risk structure of financial portfolios of German households? In this paper we estimate the determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so called fractional multinomial logit model - which...
Persistent link: https://www.econbiz.de/10010426240
high as net assets, while in Germany, this potential can be even higher. Regarding the information funds provide to … investment behavior of funds. For instance, in Germany, funds that use more short than long CDS often state that they only use …
Persistent link: https://www.econbiz.de/10010530827