rate on savings
deposits minus a money market rate and the spread between the rate on consumer credit and the base rate.
An additional variable repeatedly included in models for the UK is the rate [...]
households demand for loans, Chrystal/Mizen (2001) find that consumption, money holdings and credit
interact both in the determination of the long-run equilibrium and in their short-run adjustment [...] “Modelling US Households' Demand for Liquid Wealth in an
Era of Financial Change”, Journal of Money, Credit and Banking 30/1, February, 82-101.
Atta-Mensah, Joseph (2004a): “The Demand for Money in a
prüfen die jeweiligen Dozeniernden, ob die bereits abgelegten Fächer inhaltlich und bzgl. Umfang (Credit Points bzw. Semesterwochenstunden) etc. den Anforderungen unserer Fächer entsprechen. Abhängig davon
zum Einstieg in das 3. Fachsemester erfüllen (d.h. Sie müssen mindestens Leistungen für 45 der 60 Credit Points der ersten beiden Semester Ihres Ziel-Studiengangs nachweisen können).
experiencing a credit crunch.
Following Udell (2009), “economists generally define a credit crunch as a
significant contraction in the supply of credit reflected in a tightening of credit
conditions [...] on of Credit Crunches
Keywords CESifo Working Paper no. 3159
credit crunch, loan supply, surveys, nonlinear binary outcome panel-data models
Keywords CESifo Working Paper no. 3159
credit crunch [...] observed reductions in their bank credit volumes. However, since
their dependent variable was credit volume, the identification problem still re-
mained and credit supply shifts had to be identified
experiencing a credit crunch.
Following Udell (2009), “economists generally define a credit crunch as a
significant contraction in the supply of credit reflected in a tightening of credit
conditions [...] observed reductions in their bank credit volumes. However, since
their dependent variable was credit volume, the identification problem still re-
mained and credit supply shifts had to be identified [...]
climatesector -14.04 23.21 -70.6 53.6 56946
Notes: credit = 1, if the firms assess the banks’ credit supply policy as “restrictive”, credit =
0, if the firms indicate “normal” or “accommodating”
experiencing a credit crunch.
Following Udell (2009), “economists generally define a credit crunch as a
significant contraction in the supply of credit reflected in a tightening of credit
conditions [...] observed reductions in their bank credit volumes. However, since
their dependent variable was credit volume, the identification problem still re-
mained and credit supply shifts had to be identified [...]
climatesector -14.04 23.21 -70.6 53.6 56946
Notes: credit = 1, if the firms assess the banks’ credit supply policy as “restrictive”, credit =
0, if the firms indicate “normal” or “accommodating”
experiencing a credit crunch.
Following Udell (2009), “economists generally define a credit crunch as a
significant contraction in the supply of credit reflected in a tightening of credit
conditions [...] observed reductions in their bank credit volumes. However, since
their dependent variable was credit volume, the identification problem still re-
mained and credit supply shifts had to be identified [...]
climatesector -14.04 23.21 -70.6 53.6 56946
Notes: credit = 1, if the firms assess the banks’ credit supply policy as “restrictive”, credit =
0, if the firms indicate “normal” or “accommodating”
experiencing a credit crunch.
Following Udell (2009), “economists generally define a credit crunch as a
significant contraction in the supply of credit reflected in a tightening of credit
conditions [...] observed reductions in their bank credit volumes. However, since
their dependent variable was credit volume, the identification problem still re-
mained and credit supply shifts had to be identified [...]
climatesector -14.04 23.21 -70.6 53.6 56946
Notes: credit = 1, if the firms assess the banks’ credit supply policy as “restrictive”, credit =
0, if the firms indicate “normal” or “accommodating”
23.06.2010 | Hochschulkommunikation, Weiden Business School
der Microsoft Deutschland GmbH, und Michael Rottmann, Leiter Zins- und Währungsstrategie der UniCredit Group, ans Rednerpult. So konnten die Teilnehmer aus unterschiedlichen Sichtweisen die gegenwärtige
Prof. Dr. Jörg Clostermann Dipl.-Vw. Nikolaus Keis
University of Applied Sciences Ingolstadt UniCredit Bank AG
Department of Economics Economics & Commodity Research
Esplanade 10 Arabellastr [...] paper represent the authors’ personal opinions and do not necessarily reflect the views
of UniCredit Bank AG.
NOTE: Working papers in the “Research On Money in the Economy” Discussion Paper Series
Eco-
nomics 2009 (19), S. 539 – 550 (F. Seitz, H. Bandholz, J. Closter-
mann)
• Was die Credit Spreads in Deutschland bestimmt, in: Börsenzei-
tung vom 15.1.2009, S. 19 (F. Seitz, H. Rottmann)
* UniCredit Research is the joint research department of UniCredit Bank AG (UniCredit Bank), UniCredit CAIB Group (UniCredit CAIB), UniCredit Securities (UniCredit Securities),
UniCredit Menkul [...] advice.
Neither UniCredit Bank AG, UniCredit Bank AG London Branch, UniCredit CAIB AG, UniCredit Bank AG Milan Branch, UniCredit CAIB Securities UK Ltd., UniCredit Securities,
UniCredit Menkul Değerler A [...] of interest, UniCredit Bank AG, UniCredit Bank AG London Branch, UniCredit CAIB AG, UniCredit Bank AG Milan Branch, UniCredit CAIB
Securities UK Ltd., UniCredit Securities, UniCredit Menkul Değerler A
* UniCredit Research is the joint research department of UniCredit Bank AG (UniCredit Bank), UniCredit CAIB Group (UniCredit CAIB), UniCredit Securities (UniCredit Securities),
UniCredit Menkul [...] advice.
Neither UniCredit Bank AG, UniCredit Bank AG London Branch, UniCredit CAIB AG, UniCredit Bank AG Milan Branch, UniCredit CAIB Securities UK Ltd., UniCredit Securities,
UniCredit Menkul Değerler A [...] of interest, UniCredit Bank AG, UniCredit Bank AG London Branch, UniCredit CAIB AG, UniCredit Bank AG Milan Branch, UniCredit CAIB
Securities UK Ltd., UniCredit Securities, UniCredit Menkul Değerler A
15.12.2009 | Hochschulkommunikation
Dezember anlässlich des Bundesligaspiels 1. FCN - HSV in der Innenstadt von Nürnberg und im easyCredit Stadion eine umfangreiche Befragung durch. Die Studierenden waren trotz Minusgraden und Schneefall
n*, Alexander Koch#, Andreas Rees#, Franz Seitz+
November 2009
#) UniCredit *) University of Applied Sciences +) University of Applied Sciences
Economics & Commodity Research
n*, Alexander Koch#, Andreas Rees#, Franz Seitz+
November 2009
#) UniCredit *) University of Applied Sciences +) University of Applied Sciences
Economics & Commodity Research
n*, Alexander Koch#, Andreas Rees#, Franz Seitz+
November 2009
#) UniCredit *) University of Applied Sciences +) University of Applied Sciences
Economics & Commodity Research
Informationen zu den einzelnen Modulen:
a) Lehrziele
b) Lehrinhalte
c) Leistungspunkte (credit points)
d) Voraussetzungen für die Zulassung
e) Dauer
f) Häufigkeit des Angebots
g) Studien- [...] n (SWS) pro Modul
c) Zeitlicher Gesamtaufwand der Studierenden pro Modul
d) Leistungspunkte (credit points) pro Modul
page
23. September 2009 AMTSBLATT Nummer 3 Seite 24
§ 6
Informationen zu den einzelnen Mo-
dulen:
a) Lehrziele
b) Lehrinhalte
c) Leistungspunkte (credit points)
d) Voraussetzungen für die Zulassung
e) Dauer
f) Häufigkeit des Angebots
g) Studien- [...] n (SWS) pro Modul
c) Zeitlicher Gesamtaufwand der Studierenden pro Modul
d) Leistungspunkte (credit points) pro Modul
§§§§ 6666
StudienfortschrittStudienfortschrittStudienfortschrit
default risk and Dragon Yongjun Tang
credit spreads Hong Yan
09 2008 The pricing of correlated default risk: Nikola Tarashev
evidence from the credit derivatives market Haibin Zhu
10 2008 [...] market and credit risk: an analysis Klaus Böcker
of inter-risk correlation and risk aggregation Martin Hillebrand
page
22
12 2008 A value at risk analysis of credit default [...] The impact of downward rating momentum André Güttler
on credit portfolio risk Peter Raupach
17 2008 Stress testing of real credit portfolios F. Mager, C. Schmieder
18 2008 Real estate markets
Journal of Applied Social Science
Studies, Vol. ��8(�), �008, S. �9�-306 (Rott-mann/Seitz)
• Credit Spreads und ihre Determinanten: Eine empirische Analyse
für Deutschland, Kredit und Kapital,
Explaining the US bond yield conundrum
Harm Bandholz a; Jörg Clostermann b; Franz Seitz c
a UniCredit MIB, Global Research, New York, NY 10017, USA b University of Applied Sciences, Ingolstadt, D-
85049 [...] Explaining the US bond yield
conundrum
Harm Bandholza, Jörg Clostermannb and Franz Seitzc,*
aUniCredit MIB, Global Research, 150 East 42nd Street, New York,
NY 10017, USA
bUniversity of Applied Sciences [...] this article are those of the
authors and do not necessarily represent those of the
Bayerische UniCredit Global Research.
References
Backus, D. K. and Wright, J. H. (2007) Cracking the
conundrum,
der Spread-Analyse, da sich Verände-
rungen im Credit Spread unmittelbar
auf ihre Finanzierungskonditionen
auswirken. Drittens lässt sich anhand
eines Credit-Spread-Modells ein Fair
Value von Anleihen bestimmen [...] nach Mikro- und Makrodeter-
minanten von Credit Spreads, zu-
sammen mit den theoretisch zu er-
wartenden Vorzeichen kompakt dar.
Schätzergebnisse
Der Credit Spread wird mit Hilfe
eines mikroökonometrischen [...] Börsen-Zeitung, 15.1.2009
In den letzten Jahren gewann bei Fi-
nanzmarktanalysen die Untersu-
chung von Credit Spreads, vor allem
auch in Europa, zunehmend an Be-
deutung. Dies hatte verschiedene Ur-
sachen:
mln euro
the investment institutions (excluding credit institutions) are debited with the amount, in case of
exceeding 13. mln euro the credit institutions are also debited.
In the [...] FSACT in 1986. Majority of member states have only one official compensation system
created by a credit institution or investment firm. Austria, Germany, Ireland, Spain and The
Netherlands have more
mln euro
the investment institutions (excluding credit institutions) are debited with the amount, in case of
exceeding 13. mln euro the credit institutions are also debited.
In the [...] FSACT in 1986. Majority of member states have only one official compensation system
created by a credit institution or investment firm. Austria, Germany, Ireland, Spain and The
Netherlands have more