CFS Working Paper Series

from Center for Financial Studies
Contact information at EDIRC.
Series data maintained by Birgit Pässler ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

2004/07: A No-Arbitrage Approach to Range-Based Estimation of Return Covariances and Correlations

Michael W. Brandt and Francis Diebold

2004/06: The Determinants of Debt and (Private-) Equity Financing in Young Innovative SMEs: Evidence from Germany

Dorothea Schäfer, Axel Werwatz and Volker Zimmermann

2004/04: Ramsey Monetary Policy and International Relative Prices

Ester Faia and Tommaso Monacelli

2003/45: Nominal Exchange Rate Regimes and Relative Price Dispersion: On the Importance of Nominal Exchange Rate Volatility for the Width of the Border

Guenter W. Beck

2003/44: Bayesian Fan Charts for U.K. Inflation: Forecasting and Sources of Uncertainty in an Evolving Monetary System

Timothy Cogley, Sergei Morozov and Thomas Sargent

2003/42: The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy

Mordecai Kurz (contact author), Hehui Jin and Maurizio Motolese

2003/41: Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information

Sharon Kozicki and Peter Tinsley

2003/40: Imperfect Knowledge, Inflation Expectations, and Monetary Policy

Athanasios Orphanides and John C. Williams

2003/39: Performance of Inflation Targeting Based On Constant Interest Rate Projections

Seppo Mikko Sakari Honkapohja and Kaushik Mitra

2003/38: Escapist Policy Rules

James Bullard and In-Koo Cho

2003/37: Monetary Policy, Indeterminacy and Learning

George William Evans and Bruce McGough

2003/36: Corporate Governance in Germany: An Economic Perspective

Reinhard H. Schmidt

2003/35: Some Like it Smooth, and Some Like it Rough: Untangling Continuous and Jump Components in Measuring, Modeling, and Forecasting Asset Return Volatility

Torben G. Andersen, Tim Bollerslev and Francis Diebold

2003/34: Courts and Sovereign Eurobonds: Credibility of the Judicial Enforcement of Repayment

Issam Hallak

2003/33: Bank Loans Non-Linear Structure of Pricing: Empirical Evidence from Sovereign Debts

Issam Hallak

2003/32: Evaluating VaR Forecasts under Stress – The German Experience

Stefan Jaschke, Gerhard Stahl and Richard Stehle

2003/31: The Macroeconomy and the Yield Curve: A Nonstructural Analysis

Francis Diebold, Glenn Rudebusch and S. Boragan Aruoba

2003/30: Inflation convergence after the introduction of the Euro

Markus Mentz, and Steffen P. Sebastian

2003/28: Mergers and Acquisitions in Germany - Social Setting and Regulatory Framework

Frank A. Schmid and Mark Wahrenburg

2003/27: German banks – a declining industry?

Andreas Hackethal

2003/26: Initial Public Offerings and Venture Capital in Germany

Stefanie Franzke (Contact), Stefanie Grohs, Christian Laux

2003/25: The Role of the Value Added by the Venture Capitalists in Timing and Extent of IPOs

Tereza Tykvová

2003/23: A Critique on the Proposed Use of External Sovereign Credit Ratings in Basel II

Roman Kraeussl

2003/22: Do Changes in Sovereign Credit Ratings Contribute to Financial Contagion in Emerging Market Crises?

Roman Kraeussl

2003/20: Universal Banks and Relationships with Firms

Ralf Elsas and Jan Pieter Krahnen

2003/19: Regulation and Competition in German Banking: An Assessment

Karl-Hermann Fischer / Christian Pfeil

2003/18: Do Credit Rating Agencies Add to the Dynamics of Emerging Market Crises?

Roman Kraeussl

2003/17: Organized Equity Markets in Germany

Erik Theissen

2003/16: The Role of Accounting in the German Financial System

Christian Leuz and Jens Wüstemann

2003/15: Contractual Relations between European VC–Funds and Investors: The Impact of Reputation and Bargaining Power on Contractual Design

Daniel Schmidt and Mark Wahrenburg

2003/14: Institutional Investors in Germany: Insurance Companies and Investment Funds

Raimond Maurer

2003/13: Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero

Günter Coenen, Athanasios Orphanides and Volker Wieland

2003/12: Optimal Monetary Policy with Imperfect Common Knowledge

Klaus Adam

2003/11: Heterogeneous Expectations in the Foreign Exchange Market Evidence from the Daily Dollar/DM Exchange Rate

Ralf Ahrens and Stefan Reitz

2003/10: Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists

Stefan Reitz and Frank Westerhoff

2003/09: The Zero-Interest-Rate and the Role of the Exchange Rate for Monetary Policy in Japan

Günter Coenen and Volker Wieland

2003/08: A Small Estimated Euro Area Model with Rational Expectations and Nominal Rigidities

Günter Coenen and Volker Wieland

2003/07: Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

Günter Coenen, Andrew Theo Levin and Volker Wieland

2003/06: The Performance of Forecast-Based Monetary Policy Rules under Model Uncertainty

Andrew Theo Levin, Volker Wieland and John C. Williams

2003/05: Monetary Policy and Uncertainty about the Natural Unemployment Rate

Volker Wieland

2003/04: Prediction of Financial Downside-Risk with Heavy-Tailed Conditional Distributions

Stefan Mittnik and Marc S. Paolella

2003/03: Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices

Klaus Adam

2003/02: On the Relation between Robust and Bayesian Decision Making

Klaus Adam

2003/01: Learning to Forecast and Cyclical Behavior of Output and Inflation

Klaus Adam