Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 22-067 // 2022

    Global Payment Disruptions and Firm-Level Exports

    We exploit proprietary information on severed correspondent banking relationships — due to the stricter enforcement of financial crime regulation — to assess how payment disruptions impede cross-border trade.…

  2. German Real Estate Finance Index (DIFI Report) // 2022

    Fourth Quarter 2022

    • Financing Situation and Outlook Again Assessed More Pessimistically
    • New Lows for Retail, Logistics and Residential
    • Situation and Outlook in the Refinancing Markets Turn Pessimistic
    • Loan-to-Value Ratios and…
  3. ZEW Discussion Paper No. 22-066 // 2022

    Bank Manager Sentiment, Loan Growth and Bank Risk

    We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to…

  4. ZEW-Finanzmarktreport // 2022

    Dezember 2022

    • Konjunkturerwartungen steigen, Ausblick bleibt schlecht
    • Eurozone: Verbesserung der Konjunkturerwartungen
    • USA: Konjunkturerwartungen verbessern sich wieder
    • China: Ausblick hellt sich etwas auf
    • Sonderfrage:…
  5. Refereed Journal // 2022

    The EU Taxonomy’s (potential) effects on the banking sector and bank lending to firms

    One of the key pillars of the European Green Deal is a renewed sustainable finance strategy to finance sustainable growth and to channel private investments towards projects that support the transition to a…

  6. Refereed Journal // 2022

    The ZEW Financial Market Survey Panel

    The ZEW Financial Market Survey is a monthly panel survey among financial market experts that was launched in December 1991. The survey focuses on the experts’ expectations about international financial markets…

  7. German Real Estate Finance Index (DIFI Report) // 2022

    Third Quarter 2022

    • Financing Situtation and Outlook Again Viewed Negatively
    • Residential and Logistic Properties Come Out Best
    • Outlook for All Refinancing Markets Is Getting Brighter; the Assessment of the Current Situtation Is…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)