This paper decomposes the explained part of the CDS spread changes of 32 listed euro area
banks according to various risk drivers. The choice of the credit risk drivers is inspired by …

The interest in the application of market discipline to regulate the financial industry has boomed
recently due to the proposed New Capital Accord. This paper reviews the potential role …

This paper revisits some recently found evidence in the literature on the cross-section of
stock returns for a carefully constructed dataset of euro area stocks. First, we confirm recent …

We investigate the inflation-hedging properties of gold in Vietnam, reaching formidable
records in 1980s-1990s. Consistent with conventional belief, we find that gold provides a …

In this paper, we provide descriptive evidence of primary market activity in the Eurobond
market for the period 1980–2000. This study explores the Bondware Database that contains …

We consider the hypothesis of psychological barriers at round numbers of a stock index. This
hypothesis is often examined by testing the uniformity of the distribution of the trailing digits …

The Nelson–Siegel model is widely used in practice for fitting the term structure of interest
rates. Due to the ease in linearizing the model, a grid search or an OLS approach using a fixed …

Empirical evidence on the use of derivatives for risk management on the European continent
is virtually non‐existent. To fill this gap, our survey documents the usage of derivatives by …

The limited availability of high quality and computer readable data seriously impedes
research in history and finance. We introduce a new monthly return series for Belgian owned …

We investigate the impact of universal bank relations on the performance and the risk of listed
companies in Belgium in the period 1905–1909. Our results are consistent with the view …