Publications of the Research Unit Pensions and Sustainable Financial Markets

We investigate whether the application of risk weights impairs financial stability. Zero risk weight regulation associated with euro-denominated sovereign debt creates a “sovereign subsidy” for European banks,…

We show that eurozone bank risks during 2007-2013 can be understood as carry trade behavior. Bank equity returns load positively on peripheral (Greece, Italy, Ireland, Portugal, Spain, or GIIPS) bond returns and…

• Top Ten Digital Economies – United States in the Lead, Germany in Mid-Range
• The University Degree Attainment Indicator is Not Suitable for International Comparison
• Taxation in the Far East – Why the Asia-Pacific…

• Inheritance Tax Reform Proposals Would Result in Cost Increases for Business Transfers
• Knowledge Investment Particularly Benefits IT-Intensive Branches of the Economy
• Growth in Final Demand Is Driving up the…

The financial and economic crisis has stressed the need for a better understanding of destabilizing effects, in particular arising from the financial sector, and how these may spill over to economic activity. In…

Academic research and policy makers in the Euro area are currently concerned with the threat of debt deflation and secular stagnation in Europe. Empirical evidence seems to suggest that secular stagnation and…