Publications of the Research Unit Pensions and Sustainable Financial Markets

Do governments strategically choose debt maturity to fill supply gaps across maturities? Building on a new panel data set of more than 9,000 individual Eurozone government debt issues between 1999 and 2015, I…

European banks are exposed to a substantial amount of risky sovereign debt. The “missing bank capital” resulting from the zero-risk weight exemption for European banks for European sovereign debt amplifies the…

• ECB Bond Purchase Programme Biased Towards Southern European Countries
• Catalonia Crisis Casts Shadow over Potential European Fiscal Union
• Why Are So Few International Emissions Trading Markets Currently in…

The European Central Bank’s Corporate Sector Purchase Programme (CSPP), launched in June 2016, increased the supply and lowered the cost of capital for eligible, i.e., investment grade, Eurozone firms through…

• Cross-Country Comparison – Economic Crises Increase Inequality in the United States
• Innovation Indicator „† – Germany Comes in Fourth Place Globally for Innovation
• United States: Strategically Changing a…