Direkt zur Hauptnavigation springen Direkt zum Inhalt springen
info(at)avldigital.remove-this.de
Deutsch English
Letzte Suchanfragen

Ergebnisse für *

Zeige Ergebnisse 1 bis 5 von 5.

  1. Monetary policy and risk-taking
    evidence from Thai corporate bond markets
    Autor*in: Warinthip Worasak; Nuwat Nookhwun; Pongpitch Amatyakul
    Erschienen: [2022]
    Verlag:  [Puey Ungphakorn Institute for Economic Research], [Bangkok]

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 785
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Discussion paper / Puey Ungphakorn Institute for Economic Research ; no. 186 (August 2022)
    Schlagworte: monetary policy; interest rate; risk taking; search for yield; corporate bond; underpricing of risk; excess bond premium
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  2. Lost in negative territory?
    search for yield!
    Autor*in: Girotti, Mattia; Horny, Guillaume; Sahuc, Jean-Guillaume
    Erschienen: [2022]
    Verlag:  EconomiX - UMR7235, Université Paris Nanterre, Nanterre

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 334
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / EconomiX ; 2022, 10
    Schlagworte: Negative interest rates; portfolio rebalancing; search for yield; term spreads; banks
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  3. Loss aversion and search for yield in emerging markets sovereign debt
    Autor*in: Sabbadini, Ricardo
    Erschienen: [2018]
    Verlag:  FEA/USP, [São Paulo]

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 532
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper series / Department of Economics-FEA/USP ; no 2018, 16
    Schlagworte: sovereign spread; search for yield; loss aversion; low interest rate;
    Umfang: 1 Online-Ressource (circa 13 Seiten), Illustrationen
  4. Searching for yield abroad
    risk-taking through foreign investment in U.S. bonds
    Autor*in: Ammer, John; Claessens, Stijn; Tabova, Alexandra; Wroblewski, Caleb
    Erschienen: March 19, 2018
    Verlag:  Board of Governors of the Federal Reserve System, [Washington, DC]

    The risk-taking effects of low interest rates, now prevailing in many advanced countries, "search-for-yield," can be hard to analyze due to both a paucity of data and challenges in identification. Unique, security-level data on portfolio investment... mehr

    Zugang:
    Verlag (kostenfrei)

    Standort:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 201 (1224)
    Fernleihe:
    keine Fernleihe

     

    The risk-taking effects of low interest rates, now prevailing in many advanced countries, "search-for-yield," can be hard to analyze due to both a paucity of data and challenges in identification. Unique, security-level data on portfolio investment into the United States allow us to overcome both problems. Analyzing holdings of investors from 36 countries in close to 15,000 unique U.S. corporate bonds between 2003 and 2016, we show that declining home-country interest rates lead investors to shift their portfolios toward riskier U.S. corporate bonds, consistent with "search-for-yield". We estimate even stronger effects when home interest rates reach a low level, suggesting that risk-taking further accelerates

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: International finance discussion papers ; number1224 (March 2018)
    FRB International Finance Discussion Paper ; No. 1224
    Schlagworte: low interest rates; risk-taking; search for yield; portfolio choice; corporate debt; United States
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  5. Mutual funds and safe government bonds
    do returns matter?
    Autor*in: Graziano, Marco; Habib, Maurizio Michael
    Erschienen: [2024]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    This paper investigates the sensitivity of the demand for safe government debt to currency unhedged and hedged excess returns in a sample of US mutual funds. We find evidence of active rebalancing towards government bonds that offer relatively higher... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534
    Fernleihe:
    keine Fernleihe

     

    This paper investigates the sensitivity of the demand for safe government debt to currency unhedged and hedged excess returns in a sample of US mutual funds. We find evidence of active rebalancing towards government bonds that offer relatively higher returns on an unhedged basis, in particular euro-denominated securities. The size of the effect is large, leading to a change in portfolio share by around one percentage point on average in response to a change by one percentage point in the currency-specific excess return. Interestingly, mutual funds rebalance their portfolio towards currencies, such as the Japanese yen, that display large deviations in the covered interest parity and offer higher returns than US Treasuries on an hedged basis. Finally, when global financial risk is on the rise, US mutual fund managers repatriate their investments towards US government debt securities, mainly at the expenses of euro-denominated ones. Our results imply that deviations in pricing conditions like uncovered and covered interest parity for sovereign bonds affect capital flows from the United States towards other major currency areas.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289966795
    Weitere Identifier:
    Schriftenreihe: Working paper series / European Central Bank ; no 2931
    Schlagworte: government bonds; safe assets; mutual funds; search for yield; covered interest parity
    Umfang: 1 Online-Ressource (circa 72 Seiten), Illustrationen