Discussion Papers
The Discussion Papers with economic studies or financial and banking studies are elaborated by the research centre of the Deutsche Bundesbank.
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A rental-equivalence index for owner-occupied housing in West-Germany 1985 to 1998 Claudia Kurz, Johannes Hoffmann
211 KB, PDF
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FDI versus cross-border financial services: The globalisation of German banks Claudia M. Buch, Alexander Lipponer
632 KB, PDF
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Clustering or competition? The foreign investment behaviour of German banks Claudia M. Buch, Alexander Lipponer
325 KB, PDF
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Forecasting Credit Portfolio Risk Discussion paper 01/2004: Alfred Hamerle, Thilo Liebig, Harald Scheule
287 KB, PDF
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Inflation Targeting Rules and Welfare in an Asymmetric Currency Area Giovanni Lombardo
411 KB, PDF
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Policy Instrument Choice and Non-Coordinated Monetary Policy in Interdependent Economies Giovanni Lombardo, Alan Sutherland
359 KB, PDF
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Does Co-Financing by Multilateral Development Banks Increase "Risky" Direct Investment in Emerging Markets? - Evidence for German Banking FDI Torsten Wezel
377 KB, PDF
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Foreign Bank Entry into Emerging Economies: An Empirical Assessment of the Determinants and Risks Predicted on German FDI Data Torsten Wezel
408 KB, PDF
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How wacky is the DAX? The changing structure of German stock market volatility Jelena Stapf, Thomas Werner
581 KB, PDF
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The Forecasting Performance of German Stock Option Densities Ben R. Craig, Ernst Glatzer, Joachim G. Keller, Martin Scheicher
570 KB, PDF
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Credit Risk Factor Modeling and the Basel II IRB Approach Discussion paper 02/2003: Alfred Hamerle, Thilo Liebig, Daniel Rösch
367 KB, PDF
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Exact tests and confidence sets for the tail coefficient of α-stable distributions Jean-Marie Dufour, Jeong-Ryeol Kurz-Kim
430 KB, PDF
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Measuring the Discriminative Power of Rating Systems Discussion paper 01/2003: Bernd Engelmann, Evelyn Hayden, Dirk Tasche
231 KB, PDF
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Money in a New-Keynesian model estimated with german data Jana Kremer, Giovanni Lombardo, Thomas Werner
336 KB, PDF
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Did the Bundesbank React to Stock Price Movements? Martin T.Bohl (European University Viadrina), Pierre L.Siklos (Wilfrid Laurier University Waterloo), Thomas Werner (Deutsche Bundesbank)
482 KB, PDF
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Bidder Behavior in Repo Auctions without Minimum Bid Rate: Evidence from the Bundesbank Tobias Linzert, Dieter Nautz (Goethe-University Frankfurt), Jörg Breitung (University of Bonn)
211 KB, PDF
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Active monetary policy, passive fiscal policy and the value of public debt: Some further monetarist arithmetic Leopold von Thadden
470 KB, PDF
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Die internationale Integration der Devisenmärkte in den mittel- und osteuropäischen Beitrittsländern: Spekulative Effizienz, Transaktionskosten und Wechselkursprämien Diskussionspapier 08/2003: Sabine Herrmann, Axel Jochem
171 KB, PDF
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Determinants of German FDI: New Evidence from Micro-Data Claudia M. Buch, Jörn Kleinert, Farid Toubal
145 KB, PDF
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Determinants of German Foreign Direct Investment in Latin American and Asian Emerging Markets in the 1990s Torsten Wezel
513 KB, PDF
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The international integration of foreign exchange markets in the central and east European accession countries: speculative efficiency, transaction costs and exchange rate premiums Sabine Herrmann, Axel Jochem
198 KB, PDF
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Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern: Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffizienzen des Finanzsektors Diskussionspapier 07/2003: Sabine Herrmann, Axel Jochem
188 KB, PDF
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The international integration of money markets in the central and east European accession countries: deviations from covered interest parity, capital controls and inefficiencies in the financial sector Sabine Herrmann, Axel Jochem
158 KB, PDF
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A vectorautoregressive investment model (VIM) and monetary policy: panel evidence from German firms Jörg Breitung, Robert S. Chirinko, Ulf von Kalckreuth
278 KB, PDF
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A comparison of dynamic panel data estimators: Monte Carlo evidence and an application to the investment function Andreas Behr
249 KB, PDF
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Multiple equilibrium overnight rates in a dynamic interbank market game Jens Tapking
361 KB, PDF
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The stock return-inflation puzzle and the asymmetric causality in stock returns,inflation and real activity Jeong-Ryeol Kim
254 KB, PDF
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Testing mean-variance efficiency in CAPM with possibly non-gaussian errors: an exact simulation-based approach Marie-Claude Beaulieu, Jean-Marie Dufour, Lynda Khalaf
380 KB, PDF
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Optimal factor taxation under wage bargaining - a dynamic perspective Leopold von Thadden, Erkki Koskela
351 KB, PDF
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Wechselkurszielzonen, wirtschaftlicher Aufholprozess und endogene Realignmentrisiken Diskussionspapier 30/2002: Karin Radeck
362 KB, PDF
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Genetic Learning as an Explanation of Stylized Facts of Foreign Exchange Markets Thomas Lux, Sascha Schornstein
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Further Evidence On The Relationship Between Firm Investment And Financial Status Robert S. Chirinko, Ulf von Kalckreuth
152 KB, PDF
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Bootstrapping Autoregressions with Conditional Heteroskedasticity of Unknown Form Silvia Goncalves, Lutz Kilian
597 KB, PDF
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Time Variation in the Tail Behaviour of Bund Futures Returns Thomas Werner, Christian Upper
232 KB, PDF
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Tail Wags Dog? Time-Varying Information Shares in the Bund Market Christian Upper, Thomas Werner
146 KB, PDF
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Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values Andreas Behr, Egon Bellgardt
294 KB, PDF
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Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money Leopold von Thadden
454 KB, PDF
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Imperfect Competition, Monetary Policy and Welfare in a Currency Area Giovanni Lombardo
481 KB, PDF
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The Eurosystems's Standing Facilities in a General Equilibrium Model of the European Interbank Market Jens Tapking
200 KB, PDF
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Real currency appreciation in accession countries: Balassa-Samuelson and investment demand Christoph Fischer
271 KB, PDF
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Monetäre Indikatoren und geldpolitische Regeln im P-Stern-Modell Diskussionspapier 18/2002: Karl-Heinz Tödter
187 KB, PDF
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Central Bank Intervention and Exchange Rate Expectations - Evidence from the Daily DM/US-Dollar Exchange Rate Stefan Reitz
143 KB, PDF
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Monetary Transmission in the New Economy: Service Life of Capital, Transmission Channels and the Speed of Adjustment Ulf von Kalckreuth, Jürgen Schröder
209 KB, PDF
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An Examination of the Relationship between Firm Size, Growth and Liquidity in the Neuer Markt Julie Ann Elston (University of Central Florida)
181 KB, PDF
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Price rigidity, the mark-up and the dynamics of the current account Giovanni Lombardo
992 KB, PDF
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