Finanzmärkte (Lengwiler)Head of Research Unit Prof. Dr.Yvan LengwilerOverviewMembersPublicationsProjects & CollaborationsProjects & Collaborations OverviewMembersPublicationsProjects & Collaborations Projects & Collaborations 11 foundShow per page10 10 20 50 FV-121 | CoCo Bonds Post-Credit Suisse: Market and Regulatory Fallout Research Project | 1 Project MembersImported from Grants Tool 4708869 TSE Research Grant (FIT IN INITIATIVE) Research Project | 1 Project MembersToulouse School of Economics supports projects through FIT IN Initiative to catalyze new research to constructively influence the design and regulation of interoperable digital financial services systems in low- and middle-income countries. In the project supported by the Initiative, I look at how Open Banking can be used as a policy tool to enhance credit market access. Policy and Goverance of the SNB Research Project | 3 Project MembersWe study the monetary policy strategy and operations of the Swiss National Bank and put it into the context of current academic research and international best practice. FV-80 FinTech credit risk assessment: Payment-history based measures vs credit bureau scores Research Project | 1 Project MembersNo Description available ECB Monetary Policy Research Project | 2 Project MembersWe study the collateral framework of the ECB and the effects it has on the transmission of monetary policy in the European Monetary Union. Term Structure Effects of Demography and Quantitative Easing Research Project | 2 Project MembersWe estimate a theoretically well-founded equilibrium model of yield curves using thirty years of data, and employing a learning formulation of expectations. We find that the decline of real rates is essentially due to demographic shifts, and the decline of nominal yields is due to the taming of inflation. The asymmetric effect of demography casts doubts on the validity of the Fisher equation as a gauge for inflation expectations. We also report evidence that yields are influenced by investors who target nominal rather than real returns, and quantify the effect of growth and inflation expectations and quantitative easing. Banking regulation Research Project | 3 Project MembersBanking is an important industry, because it intermediates between savers and investors. As such, it is relevant for all parts of the economy. Yet, history teaches us that banking is often prone to crisis, and sometimes also seems to deepen a crisis that has may have its origins in other parts of the economy. The aim of this project is to describe the relationship between regulatory frameworks and the stability of the banking industry empirically, and, if possible, also theoretically. Term Structure of Interest Rates Research Project | 1 Project MembersInterest rates are relevant for almost all investment decisions in an economy. Because of this, interest rates are also the preferred channel through which monetary policy affects the business cycle. Because interest rates of different maturities are affected by many decision makers, these data contains a wealth of useful information about the underlying economy and the shocks it experiences. The aim of this project is to understand the term structure of interest rates and its dynamics, and to extract and interpret the information it contains. Simulations in Teaching Research Project | 1 Project MembersThis project explores the potential of using simulation in the teaching of economics. Auction theory and applications Research Project | 1 Project MembersThis project deals with a speial class of mechanisms knows as auctions. Auctions are a very old and widely used and successful method for allocating goods or contracts. This project explores the auction mechanism theoretically and empirically. 12 12 OverviewMembersPublicationsProjects & Collaborations
Projects & Collaborations 11 foundShow per page10 10 20 50 FV-121 | CoCo Bonds Post-Credit Suisse: Market and Regulatory Fallout Research Project | 1 Project MembersImported from Grants Tool 4708869 TSE Research Grant (FIT IN INITIATIVE) Research Project | 1 Project MembersToulouse School of Economics supports projects through FIT IN Initiative to catalyze new research to constructively influence the design and regulation of interoperable digital financial services systems in low- and middle-income countries. In the project supported by the Initiative, I look at how Open Banking can be used as a policy tool to enhance credit market access. Policy and Goverance of the SNB Research Project | 3 Project MembersWe study the monetary policy strategy and operations of the Swiss National Bank and put it into the context of current academic research and international best practice. FV-80 FinTech credit risk assessment: Payment-history based measures vs credit bureau scores Research Project | 1 Project MembersNo Description available ECB Monetary Policy Research Project | 2 Project MembersWe study the collateral framework of the ECB and the effects it has on the transmission of monetary policy in the European Monetary Union. Term Structure Effects of Demography and Quantitative Easing Research Project | 2 Project MembersWe estimate a theoretically well-founded equilibrium model of yield curves using thirty years of data, and employing a learning formulation of expectations. We find that the decline of real rates is essentially due to demographic shifts, and the decline of nominal yields is due to the taming of inflation. The asymmetric effect of demography casts doubts on the validity of the Fisher equation as a gauge for inflation expectations. We also report evidence that yields are influenced by investors who target nominal rather than real returns, and quantify the effect of growth and inflation expectations and quantitative easing. Banking regulation Research Project | 3 Project MembersBanking is an important industry, because it intermediates between savers and investors. As such, it is relevant for all parts of the economy. Yet, history teaches us that banking is often prone to crisis, and sometimes also seems to deepen a crisis that has may have its origins in other parts of the economy. The aim of this project is to describe the relationship between regulatory frameworks and the stability of the banking industry empirically, and, if possible, also theoretically. Term Structure of Interest Rates Research Project | 1 Project MembersInterest rates are relevant for almost all investment decisions in an economy. Because of this, interest rates are also the preferred channel through which monetary policy affects the business cycle. Because interest rates of different maturities are affected by many decision makers, these data contains a wealth of useful information about the underlying economy and the shocks it experiences. The aim of this project is to understand the term structure of interest rates and its dynamics, and to extract and interpret the information it contains. Simulations in Teaching Research Project | 1 Project MembersThis project explores the potential of using simulation in the teaching of economics. Auction theory and applications Research Project | 1 Project MembersThis project deals with a speial class of mechanisms knows as auctions. Auctions are a very old and widely used and successful method for allocating goods or contracts. This project explores the auction mechanism theoretically and empirically. 12 12
FV-121 | CoCo Bonds Post-Credit Suisse: Market and Regulatory Fallout Research Project | 1 Project MembersImported from Grants Tool 4708869
TSE Research Grant (FIT IN INITIATIVE) Research Project | 1 Project MembersToulouse School of Economics supports projects through FIT IN Initiative to catalyze new research to constructively influence the design and regulation of interoperable digital financial services systems in low- and middle-income countries. In the project supported by the Initiative, I look at how Open Banking can be used as a policy tool to enhance credit market access.
Policy and Goverance of the SNB Research Project | 3 Project MembersWe study the monetary policy strategy and operations of the Swiss National Bank and put it into the context of current academic research and international best practice.
FV-80 FinTech credit risk assessment: Payment-history based measures vs credit bureau scores Research Project | 1 Project MembersNo Description available
ECB Monetary Policy Research Project | 2 Project MembersWe study the collateral framework of the ECB and the effects it has on the transmission of monetary policy in the European Monetary Union.
Term Structure Effects of Demography and Quantitative Easing Research Project | 2 Project MembersWe estimate a theoretically well-founded equilibrium model of yield curves using thirty years of data, and employing a learning formulation of expectations. We find that the decline of real rates is essentially due to demographic shifts, and the decline of nominal yields is due to the taming of inflation. The asymmetric effect of demography casts doubts on the validity of the Fisher equation as a gauge for inflation expectations. We also report evidence that yields are influenced by investors who target nominal rather than real returns, and quantify the effect of growth and inflation expectations and quantitative easing.
Banking regulation Research Project | 3 Project MembersBanking is an important industry, because it intermediates between savers and investors. As such, it is relevant for all parts of the economy. Yet, history teaches us that banking is often prone to crisis, and sometimes also seems to deepen a crisis that has may have its origins in other parts of the economy. The aim of this project is to describe the relationship between regulatory frameworks and the stability of the banking industry empirically, and, if possible, also theoretically.
Term Structure of Interest Rates Research Project | 1 Project MembersInterest rates are relevant for almost all investment decisions in an economy. Because of this, interest rates are also the preferred channel through which monetary policy affects the business cycle. Because interest rates of different maturities are affected by many decision makers, these data contains a wealth of useful information about the underlying economy and the shocks it experiences. The aim of this project is to understand the term structure of interest rates and its dynamics, and to extract and interpret the information it contains.
Simulations in Teaching Research Project | 1 Project MembersThis project explores the potential of using simulation in the teaching of economics.
Auction theory and applications Research Project | 1 Project MembersThis project deals with a speial class of mechanisms knows as auctions. Auctions are a very old and widely used and successful method for allocating goods or contracts. This project explores the auction mechanism theoretically and empirically.
