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Displaying results 1 to 5 of 5.

  1. Explaining credit default swap spreads with equity volatility and jump risks of individual firms
    Author: Zhang, Benjamin Yibin; Zhou, Hao; Zhu, Haibin
    Published: 2005
    Publisher:  Bank for Internat. Settlements, Basel

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 910 (181)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: BIS working papers ; 181
    Subjects: Swap; Kreditrisiko; Risikoprämie; Volatilität; USA; Kreditderivat; Structural model
    Scope: 40 S, graph. Darst
    Notes:

    Literaturverz. S. 22 - 25
  2. When do reminders work?
    memory constraints and medical adherence
    Author: Barron, Kai; Damgaard, Mette Trier; Gravert, Christina
    Published: [2022]
    Publisher:  CEBI, Department of Economics, University of Copenhagen, Copenhagen

    An extensive literature shows that reminders can successfully change behavior. Yet, there exists substantial unexplained heterogeneity in their effectiveness, both: (i) across studies, and (ii) across individuals within a particular study. This paper... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 814
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    An extensive literature shows that reminders can successfully change behavior. Yet, there exists substantial unexplained heterogeneity in their effectiveness, both: (i) across studies, and (ii) across individuals within a particular study. This paper investigates when and why reminders work. We develop a theoretical model that highlights three key mechanisms through which reminders may operate. To test the predictions of the model, we run a nationwide field experiment on medical adherence with over 4000 pregnant women in South Africa and document several key results. First, we find an extremely strong baseline demand for reminders. This demand increases after exposure to reminders, suggesting that individuals learn how valuable they are for freeing up memory resources. Second, stated adherence is increased by pure reminders and reminders containing a moral suasion component, but interestingly, reminders containing health information reduce adherence in our setting. Using a structural model, we show that heterogeneity in memory costs (or, equivalently, annoyance costs) is crucial for explaining the observed behavior.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/268921
    Series: CEBI working paper series ; 22, 18
    Subjects: Nudging; Reminders; Memory; Attention; Medication adherence; Structural model
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  3. Quasi-maximum likelihood for estimating structural models
    Author: Ben-Abdellatif, Malek; Ben-Ameur, Hatem; Chérif, Rim; Fakhfakh, Tarek
    Published: [2021]
    Publisher:  GERAD, HÉC Montréal, Montréal (Québec), Canada

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    ZSS 29
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Les cahiers du GERAD ; G-2021, 11 (March 2021)
    Subjects: Structural model; corporate securities; estimation; maximum likelihood; quasi-maximum likelihood
    Scope: 1 Online-Ressource (circa 11 Seiten), Illustrationen
  4. Transactional demand for central bank digital currency
    Author: Nocciola, Luca; Zamora-Pérez, Alejandro
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    We shed light on the demand for a central bank digital currency (CBDC) as a means of payment, based on survey payment data. We provide a quantitative framework to assess transactional demand for CBDC at the point of sale, accommodating a wide range... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 534
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    We shed light on the demand for a central bank digital currency (CBDC) as a means of payment, based on survey payment data. We provide a quantitative framework to assess transactional demand for CBDC at the point of sale, accommodating a wide range of design choices. We develop a structural model of payment means adoption and usage and estimate CBDC demand based on individuals' preferences for payment method attributes. We disentangle the friction potentially associated to CBDC adoption, assessing two of its potential drivers: information frictions and gradual diffusion of digital payment methods. We find that modelling adoption is key to understanding CBDC demand. Finally, we show that optimal CBDC design, information campaigns, and network effects can substantially boost demand.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289966740
    Other identifier:
    Series: Working paper series / European Central Bank ; no 2926
    Subjects: CBDC; Money demand; Payments; Structural model; Random utility
    Scope: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  5. Quasi-maximum likelihood for estimating structural models
    Author: Ben-Abdellatif, Malek; Ben-Ameur, Hatem; Chérif, Rim; Fakhfakh, Tarek
    Published: [2023]
    Publisher:  GERAD, HÉC Montréal, Montréal (Québec), Canada

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    ZSS 29
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Revised: January 2023
    Series: Les cahiers du GERAD ; G-2021, 11 (March 2021)
    Subjects: Structural model; estimation; quasi-maximum likelihood; jump-diffusion processes; credit-spread puzzle
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen