{"product_id":"9783658461720","title":"Finanzwirtschaft und Kapitalmärkte","description":"\u003ch1\u003eFinanzwirtschaft und Kapitalmärkte\u003c\/h1\u003e \u003ch2\u003eJopp, Thomas\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe book provides comprehensive empirical analyses on two overarching research topics with a focus on Europe, covering the period from the global financial crisis to the end of 2021, with a special emphasis on the post-European sovereign debt crisis era.\u003c\/p\u003e\n\n\u003cp\u003eThe first research focus addresses the direction of the relationship between the risk premium and the risk-free interest rate. Although this issue is not entirely new, it has gained particular relevance due to the historically low interest rates until the end of 2021. Risk premiums are derived from sovereign and corporate credit default swap (CDS) spreads. The empirical results suggest a positive relationship.\u003c\/p\u003e\n\n\u003cp\u003eThe second research focus is dedicated to effects on the bond and derivatives markets following the ECB's monetary policy measures PSPP, CSPP and PEPP as well as the EU's fiscal policy measure NGEU. Immediate announcement effects can be observed through the PEPP and the NGEU, but also through the so-called \u003cem\u003eLagarde gaffe\u003c\/em\u003e. Further investigations point to a \u003cem\u003esearch for yield\u003c\/em\u003e behavior in Eurozone countries following the ECB's announcements of the PSPP and the CSPP. Additional analyses indicate a fiscally dominated ECB from 2015 to 2021.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer Gabler\u003c\/p\u003e \u003cp\u003ePublication Date: 2024-10-05\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783658461720\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-658-46173-7\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 207\u003c\/p\u003e ","brand":"Springer Fachmedien Wiesbaden","offers":[{"title":"Default Title","offer_id":45385371582604,"sku":"9783658461720","price":116.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783658461720.jpg?v=1776014359","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783658461720","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}