DNB - Working Papers Mon, 08 Nov 2021 10:19:52 GMT Tue, 26 Mar 2024 12:44:57 GMT https://www.dnb.nl/en/ Detecting turning points in the inflation cycle Tue, 26 Mar 2024 12:44:57 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/808-detecting-turning-points-in-the-inflation-cycle/ Consumer participation in the credit market during the COVID-19 pandemic and beyond Tue, 12 Mar 2024 15:45:56 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/807-consumer-participation-in-the-credit-market-during-the-covid-19-pandemic-and-beyond/ Harnessing Machine Learning for Real-Time Inflation Nowcasting Fri, 08 Mar 2024 11:38:15 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/806-harnessing-machine-learning-for-real-time-inflation-nowcasting/ Gender gaps in the world of payments Fri, 08 Mar 2024 06:45:35 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/805-gender-gaps-in-the-world-of-payments/ Keeping up with the Jansens: causal peer effect on household spending, beliefs and happiness Thu, 15 Feb 2024 15:59:22 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/804-keeping-up-with-the-jansens-causal-peer-effect-on-household-spending-beliefs-and-happiness/ Managing the transition to central bank digital currency Wed, 14 Feb 2024 15:19:44 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/803-managing-the-transition-to-central-bank-digital-currency/ Exclusive Portfolio Dealing and Market Inefficiency Sat, 10 Feb 2024 14:50:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/802-exclusive-portfolio-dealing-and-market-inefficiency/ Pension Liquidity Risk Sat, 10 Feb 2024 14:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/801-pension-liquidity-risk/ Optimal normalization policy under behavioral expectations Mon, 05 Feb 2024 14:24:15 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/800-optimal-normalization-policy-under-behavioral-expectations/ What Drives Households’ Knowledge about Cryptocurrencies? Thu, 01 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/799-what-drives-households-knowledge-about-cryptocurrencies/ The European Carbon Bond Premium Mon, 15 Jan 2024 14:30:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/798-the-european-carbon-bond-premium/ Funding the Fittest? Pricing of Climate Transition Risk in the Corporate Bond Market Mon, 15 Jan 2024 14:12:09 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/797-funding-the-fittest-pricing-of-climate-transition-risk-in-the-corporate-bond-market/ Floods and financial stability: Scenario-based evidence from below sea level Wed, 20 Dec 2023 09:54:14 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/796-floods-and-financial-stability-scenario-based-evidence-from-below-sea-level/ Towards financial inclusion: trust in banks’ payment services among groups at risk Wed, 08 Nov 2023 12:23:20 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/795-towards-financial-inclusion-trust-in-banks-payment-services-among-groups-at-risk/ The Use of Financial Apps: Privacy Paradox or Privacy Calculus? Mon, 06 Nov 2023 12:54:32 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/794-the-use-of-financial-apps-privacy-paradox-or-privacy-calculus/ Robust monetary policy under shock uncertainty Tue, 10 Oct 2023 13:46:51 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/793-robust-monetary-policy-under-shock-uncertainty/ The CO2 content of the TLTRO III scheme and its greening Tue, 03 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/792-the-co2-content-of-the-tltro-iii-scheme-and-its-greening/ Homeowners and flood risk: A disconnect between awareness and actions? Thu, 28 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/791-homeowners-and-flood-risk-a-disconnect-between-awareness-and-actions/ Deposit market concentration and monetary transmission: evidence from the euro area Thu, 24 Aug 2023 10:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/790-deposit-market-concentration-and-monetary-transmission-evidence-from-the-euro-area/ The Long-Run Phillips Curve is ... a Curve Thu, 17 Aug 2023 15:40:15 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/789-the-long-run-phillips-curve-is-a-curve/ The pricing of climate transition risk in Europe’s equity market Thu, 10 Aug 2023 13:43:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/788-the-pricing-of-climate-transition-risk-in-europe-s-equity-market/ Safe Asset Scarcity and Re-use in the European Repo Market Thu, 27 Jul 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/787-safe-asset-scarcity-and-re-use-in-the-european-repo-market/ Carbon home bias of European investors Fri, 07 Jul 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/786-carbon-home-bias-of-european-investors/ Empirical evidence on the Euler equation for investment in the US Thu, 06 Jul 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/785-empirical-evidence-on-the-euler-equation-for-investment-in-the-us/ Coherence without Rationality at the ZLB Tue, 04 Jul 2023 10:52:34 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/784-coherence-without-rationality-at-the-zlb/ Trust in the financial performance of pension funds, public perception, and its effect on participation in voluntary pension saving plans Wed, 28 Jun 2023 14:07:01 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/783-trust-in-the-financial-performance-of-pension-funds-public-perception-and-its-effect-on-participation-in-voluntary-pension-saving-plans/ Global models for a global pandemic: the impact of COVID-19 on small euro area economies Wed, 28 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/782-global-models-for-a-global-pandemic-the-impact-of-covid-19-on-small-euro-area-economies/ Uncovering the digital payment divide: understanding the importance of cash for groups at risk Tue, 27 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/781-uncovering-the-digital-payment-divide-understanding-the-importance-of-cash-for-groups-at-risk/ Corporate taxes, productivity, and business dynamism Tue, 20 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/780-corporate-taxes-productivity-and-business-dynamism/ The price of flexible jobs: Wage differentials between permanent and flexible jobs in The Netherlands Fri, 02 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/779-the-price-of-flexible-jobs-wage-differentials-between-permanent-and-flexible-jobs-in-the-netherlands/ Identifying financial fragmentation: do sovereign spreads in the EMU reflect differences in fundamentals? Tue, 23 May 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/778-identifying-financial-fragmentation-do-sovereign-spreads-in-the-emu-reflect-differences-in-fundamentals/ Financial Constraints and Firm Size: Micro-Evidence and Aggregate Implications Mon, 22 May 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/777-financial-constraints-and-firm-size-micro-evidence-and-aggregate-implications/ Credit Ratings and Investments Tue, 16 May 2023 14:05:40 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/776-credit-ratings-and-investments/ Shocks to Occupational Pensions and Household Savings Thu, 13 Apr 2023 13:38:10 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/775-shocks-to-occupational-pensions-and-household-savings/ Misallocation and Productivity Growth: a Meta-analysis Tue, 04 Apr 2023 12:09:37 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/774-misallocation-and-productivity-growth-a-meta-analysis/ Preferred habitat investors in the green bond market Mon, 03 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/773-preferred-habitat-investors-in-the-green-bond-market/ Euro area consumers' payment behaviour and banking digitalisation Wed, 22 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/772-euro-area-consumers-payment-behaviour-and-banking-digitalisation/ Know your (holding) limits: CBDC, financial stability and central bank reliance Mon, 20 Mar 2023 16:35:26 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/771-know-your-holding-limits-cbdc-financial-stability-and-central-bank-reliance/ Walk the green talk? A textual analysis of pension funds’ disclosures of sustainable investing Fri, 17 Mar 2023 12:07:36 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/770-walk-the-green-talk-a-textual-analysis-of-pension-funds-disclosures-of-sustainable-investing/ Long-term Investors, Demand Shifts, and Yields Tue, 07 Mar 2023 13:02:08 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/769-long-term-investors-demand-shifts-and-yields/ Quantifying Systemic Risk in the Presence of Unlisted Banks: Application to the European Banking Sector Mon, 06 Mar 2023 13:08:22 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/768-quantifying-systemic-risk-in-the-presence-of-unlisted-banks-application-to-the-european-banking-sector/ Green bond home bias and the role of supply and sustainability preferences Thu, 02 Mar 2023 14:19:47 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/767-green-bond-home-bias-and-the-role-of-supply-and-sustainability-preferences/ Nowcasting GDP using tone-adjusted time varying news topics: Evidence from the financial press Fri, 17 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/766-nowcasting-gdp-using-tone-adjusted-time-varying-news-topics-evidence-from-the-financial-press/ Macroprudential Regulation: A Risk Management Approach Mon, 06 Feb 2023 15:00:50 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/765-macroprudential-regulation-a-risk-management-approach/ The Bank of Amsterdam and the limits of fiat money Thu, 02 Feb 2023 15:51:18 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/764-the-bank-of-amsterdam-and-the-limits-of-fiat-money/ Loan-to-Value Shocks and Macroeconomic Stability Tue, 17 Jan 2023 16:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/763-loan-to-value-shocks-and-macroeconomic-stability/ The impact of high inflation on trust in national politics and central banks Tue, 17 Jan 2023 15:50:28 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/762-the-impact-of-high-inflation-on-trust-in-national-politics-and-central-banks/ Physical and transition risk premiums in euro area corporate bond markets Tue, 03 Jan 2023 15:18:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2023/761-physical-and-transition-risk-premiums-in-euro-area-corporate-bond-markets/ Paying in a blink of an eye: it hurts less, but you spend more Wed, 28 Dec 2022 13:27:24 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/760-paying-in-a-blink-of-an-eye-it-hurts-less-but-you-spend-more/ Who participates in the credit market during the COVID-19 pandemic? Tue, 20 Dec 2022 16:30:23 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/759-who-participates-in-the-credit-market-during-the-covid-19-pandemic/ Intergenerational Sharing of Unhedgeable Inflation Risk Tue, 20 Dec 2022 16:02:41 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/758-intergenerational-sharing-of-unhedgeable-inflation-risk/ A literature review of securities holdings statistics research and a practitioner’s guide Thu, 15 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/757-a-literature-review-of-securities-holdings-statistics-research-and-a-practitioner-s-guide/ The rebalancing channel of QE: New evidence at the security level in the euro area Thu, 08 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/756-the-rebalancing-channel-of-qe-new-evidence-at-the-security-level-in-the-euro-area/ The effects of monetary policy across fiscal regimes Mon, 05 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/755-the-effects-of-monetary-policy-across-fiscal-regimes/ Nowcasting GDP using machine learning methods Thu, 03 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/754-nowcasting-gdp-using-machine-learning-methods/ The Effect of Unemployment on Interregional Migration in the Netherlands Fri, 28 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/753-the-effect-of-unemployment-on-interregional-migration-in-the-netherlands/ Effectiveness of Central Bank Swap Lines in Alleviating the Mispricing of FX Swaps at the Start of the COVID-19 Pandemic Thu, 27 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/752-effectiveness-of-central-bank-swap-lines-in-alleviating-the-mispricing-of-fx-swaps-at-the-start-of-the-covid-19-pandemic/ Mortgage prepayments and tax-exempted intergenerational transfers: from rich parents to rich children? Fri, 23 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/751-mortgage-prepayments-and-tax-exempted-intergenerational-transfers-from-rich-parents-to-rich-children/ Banks net interest margins and interest rate risk: communicating vessels? Wed, 14 Sep 2022 15:17:03 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/675-banks-net-interest-margins-and-interest-rate-risk-communicating-vessels/ What drives trust in the financial sector supervisor? New empirical evidence Tue, 13 Sep 2022 13:42:28 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/750-what-drives-trust-in-the-financial-sector-supervisor-new-empirical-evidence/ Trust in the ECB in turbulent times Sun, 11 Sep 2022 09:31:24 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/722-trust-in-the-ecb-in-turbulent-times/ Bank interest rate margins in a negative interest rate environment Sun, 11 Sep 2022 09:30:58 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/721-bank-interest-rate-margins-in-a-negative-interest-rate-environment/ Determinants of trust in banks' payment services during COVID: an exploration using daily data Sun, 11 Sep 2022 09:29:23 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/720-determinants-of-trust-in-banks-payment-services-during-covid-an-exploration-using-daily-data/ What’s the damage? Monetizing the environmental externalities of the Dutch economy and its supply chain Sun, 11 Sep 2022 09:27:37 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/what-s-the-damage-monetizing-the-environmental-externalities-of-the-dutch-economy-and-its-supply-chain/ Governance in systems based on distributed ledger technology (DLT): a comparative study Thu, 08 Sep 2022 09:45:59 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/718-governance-in-systems-based-on-distributed-ledger-technology-dlt-a-comparative-study/ The Effects of Fiscal Policy when Planning Horizons are Finite Thu, 08 Sep 2022 09:43:45 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/717-the-effects-of-fiscal-policy-when-planning-horizons-are-finite/ Till debt do us part: strategic divorces and a test of moral hazard Fri, 26 Aug 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/749-till-debt-do-us-part-strategic-divorces-and-a-test-of-moral-hazard/ Banks’ Seasoned Equity Offerings Announcements and Central Bank Lending Operations Thu, 07 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/748-banks-seasoned-equity-offerings-announcements-and-central-bank-lending-operations/ The displacement effect of compulsory pension savings on private savings. Evidence from the Netherlands, using pension funds supervisory data Tue, 28 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/747-the-displacement-effect-of-compulsory-pension-savings-on-private-savings-evidence-from-the-netherlands-using-pension-funds-supervisory-data/ No pension and no house? The effect of LTV limits on the housing wealth accumulation of self-employed Tue, 24 May 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/746-no-pension-and-no-house-the-effect-of-ltv-limits-on-the-housing-wealth-accumulation-of-self-employed/ The Eurosystem’s bond market share at an all-time high: what does it mean for repo markets? Mon, 23 May 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/745-the-eurosystem-s-bond-market-share-at-an-all-time-high-what-does-it-mean-for-repo-markets/ Central Bank Communication ith the General Public: Promise or False Hope? Mon, 02 May 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/744-central-bank-communication-ith-the-general-public-promise-or-false-hope/ Reactions of household inflation expectations to a symmetric inflation target and high inflation Tue, 26 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/743-reactions-of-household-inflation-expectations-to-a-symmetric-inflation-target-and-high-inflation/ Security design and credit rating risk in the CLO market Fri, 22 Apr 2022 07:05:58 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/security-design-and-credit-rating-risk-in-the-clo-market/ Foreign bias in equity portfolios: Informational advantage or familiarity bias? Fri, 18 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/742-foreign-bias-in-equity-portfolios-informational-advantage-or-familiarity-bias/ The effect of introducing a Loan-to-Value limit on home ownership Mon, 14 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/741-the-effect-of-introducing-a-loan-to-value-limit-on-home-ownership/ Excess liquidity and the usefulness of the money multiplier Thu, 10 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/740-excess-liquidity-and-the-usefulness-of-the-money-multiplier/ Uncertainty shocks and the monetary-macroprudential policy mix Tue, 15 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/739-uncertainty-shocks-and-the-monetary-macroprudential-policy-mix/ Borrower-Based Measures, House Prices and Household Debt Mon, 14 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/738-borrower-based-measures-house-prices-and-household-debt/ How QE changes the nature of sovereign risk Fri, 04 Feb 2022 09:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/737-how-qe-changes-the-nature-of-sovereign-risk/ Getting the balance right: Crypto, stablecoin and CBDC Fri, 21 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/736-getting-the-balance-right-crypto-stablecoin-and-cbdc/ How Does the Phillips Curve Slope Vary with Repricing Rates? Thu, 20 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2022/735-how-does-the-phillips-curve-slope-vary-with-repricing-rates/ The unbearable lightness of equilibria in a low interest rate environment Thu, 30 Dec 2021 14:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/734-the-unbearable-lightness-of-equilibria-in-a-low-interest-rate-environment/ The Inflation Rate Disconnect Puzzle: On the International Component of Trend Inflation and the Flattening of the Phillips Curve Thu, 30 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/733-the-inflation-rate-disconnect-puzzle-on-the-international-component-of-trend-inflation-and-the-flattening-of-the-phillips-curve/ Price diffusion across international private commercial real estate markets Thu, 25 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/732-price-diffusion-across-international-private-commercial-real-estate-markets/ Populist attitudes, fiscal illusion and fiscal preferences: evidence from Dutch households Fri, 05 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/731-populist-attitudes-fiscal-illusion-and-fiscal-preferences-evidence-from-dutch-households/ Flood risk and financial stability: Evidence from a stress test for the Netherlands Wed, 03 Nov 2021 08:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/730-flood-risk-and-financial-stability-evidence-from-a-stress-test-for-the-netherlands/ Pension Fund Equity Performance: Herding Does Not Pay Off Tue, 02 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/729-pension-fund-equity-performance-herding-does-not-pay-off/ Not all data are created equal - Data sharing and privacy Mon, 01 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/728-not-all-data-are-created-equal-data-sharing-and-privacy/ Recourse and (strategic) mortgage defaults: Evidence from changes in housing market laws Fri, 29 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/727-recourse-and-strategic-mortgage-defaults-evidence-from-changes-in-housing-market-laws/ Corporate Acquisitions and Bank Relationships Fri, 24 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/726-corporate-acquisitions-and-bank-relationships/ Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic Thu, 23 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/725-business-dynamism-sectoral-reallocation-and-productivity-in-a-pandemic/ The rise in the cross-sectoral dispersion of earnings expectations during COVID-19 Thu, 16 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/724-the-rise-in-the-cross-sectoral-dispersion-of-earnings-expectations-during-covid-19/ Has the COVID-19 pandemic affected public trust? Evidence for the US and the Netherlands Tue, 24 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/723-has-the-covid-19-pandemic-affected-public-trust-evidence-for-the-us-and-the-netherlands/ Enhancing banknote authentication by guiding attention to security features and prevalence expectancy Thu, 10 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/716-enhancing-banknote-authentication-by-guiding-attention-to-security-features-and-prevalence-expectancy/ Anchoring of consumers’ long-term euro area inflation expectations during the pandemic Tue, 08 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/715-anchoring-of-consumers-long-term-euro-area-inflation-expectations-during-the-pandemic/ Heterogeneous Expectations and the Business Cycle at the Effective Lower Bound Fri, 28 May 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/714-heterogeneous-expectations-and-the-business-cycle-at-the-effective-lower-bound/ The Housing Wealth Effect: a comparative study of Italy and the Netherlands Tue, 25 May 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/713-the-housing-wealth-effect-a-comparative-study-of-italy-and-the-netherlands/ Pension Funds and Drivers of Heterogeneous Investment Strategies Tue, 18 May 2021 10:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/712-pension-funds-and-drivers-of-heterogeneous-investment-strategies/ Staggered wages, unanticipated shocks and firms’ adjustments Tue, 18 May 2021 10:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/711-staggered-wages-unanticipated-shocks-and-firms-adjustments/ Have scale effects on cost margins of pension fund investment portfolios disappeared? Thu, 22 Apr 2021 10:30:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/710-have-scale-effects-on-cost-margins-of-pension-fund-investment-portfolios-disappeared/ What triggers consumer adoption of CBDC? Thu, 22 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/709-what-triggers-consumer-adoption-of-cbdc/ Fearless Woman. Financial Literacy and Stock Market Participation Mon, 08 Mar 2021 10:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/708-fearless-woman-financial-literacy-and-stock-market-participation/ The impact of providing information about the ECB's instruments on inflation expectations and trust in the ECB. Experimental evidence Wed, 03 Mar 2021 11:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/707-the-impact-of-providing-information-about-the-ecb-s-instruments-on-inflation-expectations-and-trust-in-the-ecb-experimental-evidence/ Spillover effects of sovereign bond purchases in the euro area Mon, 18 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/706-spillover-effects-of-sovereign-bond-purchases-in-the-euro-area/ Market forces in healthcare insurance: the impact of healthcare reform on regulated competition revisited Fri, 15 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/705-market-forces-in-healthcare-insurance-the-impact-of-healthcare-reform-on-regulated-competition-revisited/ Effects of LTV announcements in EU economies Thu, 14 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/704-effects-of-ltv-announcements-in-eu-economies/ The ‘new normal’ during normal times – liquidity regulation and conventional monetary policy Thu, 07 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2021/703-the-new-normal-during-normal-times-liquidity-regulation-and-conventional-monetary-policy/ Should developed economies manage international capital flows? Mon, 21 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/702-should-developed-economies-manage-international-capital-flows/ Pandemic payment patterns Sat, 19 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/701-pandemic-payment-patterns/ A convenient truth: The convenience yield, low interest rates and implications for fiscal policy Tue, 15 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/700-a-convenient-truth-the-convenience-yield-low-interest-rates-and-implications-for-fiscal-policy/ Tax multipliers across the business cycle Wed, 02 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/699-tax-multipliers-across-the-business-cycle/ The impact of trustees' age and representation on strategic asset allocations Tue, 01 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/698-the-impact-of-trustees-age-and-representation-on-strategic-asset-allocations/ Optimal quantitative easing in a monetary union Thu, 19 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/697-optimal-quantitative-easing-in-a-monetary-union/ An early stablecoin? The Bank of Amsterdam and the governance of money Tue, 10 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/696-an-early-stablecoin-the-bank-of-amsterdam-and-the-governance-of-money/ Unemployment, firm dynamics, and the business cycle Mon, 02 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/695-unemployment-firm-dynamics-and-the-business-cycle/ Monetary policy effects in times of negative interest rates: What do bank stock prices tell us? Thu, 22 Oct 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/694-monetary-policy-effects-in-times-of-negative-interest-rates-what-do-bank-stock-prices-tell-us/ Trust in financial institutions: A survey Tue, 18 Aug 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/693-trust-in-financial-institutions-a-survey/ The interplay of financial education, financial literacy, financial inclusion and financial, stability: Any lessons for the current Big Tech era? Fri, 14 Aug 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/692-the-interplay-of-financial-education-financial-literacy-financial-inclusion-and-financial-stability-any-lessons-for-the-current-big-tech-era/ A Structural Investigation of Quantitative Easing Tue, 04 Aug 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/691-a-structural-investigation-of-quantitative-easing/ Effects of Fed policy rate forecasts on real yields and inflation expectations at the zero lower bound Tue, 28 Jul 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/effects-of-fed-policy-rate-forecasts-on-real-yields-and-inflation-expectations-at-the-zero-lower-bound/ Competition and Inequality Tue, 23 Jun 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/competition-and-inequality/ The anchoring of long-term inflation expectations of consumers: insights from a new survey Tue, 16 Jun 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/the-anchoring-of-long-term-inflation-expectations-of-consumers-insights-from-a-new-survey/ Financial disruptions and heightened uncertainty: a case for timely policy action Thu, 11 Jun 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/financial-disruptions-and-heightened-uncertainty-a-case-for-timely-policy-action/ The effectiveness of macroprudential policies and capital controls against volatile capital inflows Fri, 05 Jun 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/the-effectiveness-of-macroprudential-policies-and-capital-controls-against-volatile-capital-inflows/ Monetary policy, productivity, and market concentration Thu, 28 May 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/monetary-policy-productivity-and-market-concentration/ Macroeconomic reversal rate: evidence from a nonlinear IS-curve Mon, 18 May 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/macroeconomic-reversal-rate-evidence-from-a-nonlinear-is-curve/ Is there anybody out there? Detecting operational outages from LVTS transaction data Sun, 19 Apr 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/is-there-anybody-out-there-detecting-operational-outages-from-lvts-transaction-data/ How much liquidity would a liquidity-saving mechanism save if a liquidity-saving mechanism could save liquidity? A simulation approach for Canada's large-value payment system Shaun Byck Sun, 19 Apr 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/how-much-liquidity-would-a-liquidity-saving-mechanism-save-if-a-liquidity-saving-mechanism-could-save-liquidity-a-simulation-approach-for-canada-s-large-value-payment-system-shaun-byck/ Shallow or deep? Detecting anomalous flows in the Canadian Automated Clearing and Settlement System using an autoencoder Sun, 19 Apr 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/shallow-or-deep-detecting-anomalous-flows-in-the-canadian-automated-clearing-and-settlement-system-using-an-autoencoder/ Banknote verification relies on vision, feel and a single second Thu, 16 Apr 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/banknote-verification-relies-on-vision-feel-and-a-single-second/ Effects of credit restrictions in the Netherlands and lessons for macroprudential policy Fri, 27 Mar 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/679-effects-of-credit-restrictions-in-the-netherlands-and-lessons-for-macroprudential-policy/ Liquidity Coverage Ratio in a Payments Network: Uncovering Contagion Paths Tue, 24 Mar 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/678-liquidity-coverage-ratio-in-a-payments-network-uncovering-contagion-paths/ Product diversification as a performance boosting strategy? Drivers and impact of diversification strategies in the property-liability insurance industry Mon, 23 Mar 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/677-product-diversification-as-a-performance-boosting-strategy-drivers-and-impact-of-diversification-strategies-in-the-property-liability-insurance-industry/ Fickle Emerging Market Flows, Stable Euros, and the Dollar Risk Factor Mon, 16 Mar 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/676-fickle-emerging-market-flows-stable-euros-and-the-dollar-risk-factor/ Demand shocks for public debt in the Eurozone Mon, 02 Mar 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/674-demand-shocks-for-public-debt-in-the-eurozone/ Capital regulation induced reaching for systematic yield: Financial instability through fire sales Thu, 13 Feb 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/673-capital-regulation-induced-reaching-for-systematic-yield-financial-instability-through-fire-sales/ The importance of value chains for euro area trade: a time series perspective Tue, 04 Feb 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/672-the-importance-of-value-chains-for-euro-area-trade-a-time-series-perspective/ Consumer propensity to adopt PSD2 services: trust for sale? Mon, 03 Feb 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/671-consumer-propensity-to-adopt-psd2-services-trust-for-sale/ How banks respond to distress: Shifting risks in Europe's banking union Fri, 24 Jan 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/669-how-banks-respond-to-distress-shifting-risks-in-europe-s-banking-union/ Crowded trades, market clustering, and price instability Fri, 24 Jan 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/668-crowded-trades-market-clustering-and-price-instability/ Corporates dependence on banks: The impact of ECB corporate sector purchases Thu, 16 Jan 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/667-corporates-dependence-on-banks-the-impact-of-ecb-corporate-sector-purchases/ Bank instability: Interbank linkages and the role of disclosure Thu, 16 Jan 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/665-bank-instability-interbank-linkages-and-the-role-of-disclosure/ Natural Rate Chimera and Bond Pricing Reality Thu, 16 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/666-natural-rate-chimera-and-bond-pricing-reality/ Evolution of monetary policy frameworks in the post-crisis environment Tue, 07 Jan 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/664-evolution-of-monetary-policy-frameworks-in-the-post-crisis-environment/ The economic forces driving FinTech adoption across countries Mon, 06 Jan 2020 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/663-the-economic-forces-driving-fintech-adoption-across-countries/ Skating on thin ice: New evidence on financial fragility Thu, 02 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2020/670-skating-on-thin-ice-new-evidence-on-financial-fragility/ Financial knowledge and trust in financial institutions Thu, 19 Dec 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/financial-knowledge-and-trust-in-financial-institutions/ Capital regulations and the management of credit commitments during crisis times Thu, 12 Dec 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/capital-regulations-and-the-management-of-credit-commitments-during-crisis-times/ Quantitative easing and exuberance in stock markets: Evidence from the euro area Tue, 03 Dec 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/quantitative-easing-and-exuberance-in-stock-markets-evidence-from-the-euro-area/ Mortgage lending, monetary policy, and prudential measures in small euro-area economies: Evidence from Ireland and the Netherlands Mon, 25 Nov 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/mortgage-lending-monetary-policy-and-prudential-measures-in-small-euro-area-economies-evidence-from-ireland-and-the-netherlands/ Foreign funded credit: funding the credit cycle? Tue, 22 Oct 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/foreign-funded-credit-funding-the-credit-cycle/ Credit Supply: Are there negative spillovers from banks' proprietary trading? Fri, 18 Oct 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/credit-supply-are-there-negative-spillovers-from-banks-proprietary-trading/ Micro prudential regulation and banks' systemic risk Mon, 14 Oct 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/micro-prudential-regulation-and-banks39-systemic-risk/ Loan to value caps and government-backed mortgage insurance: Loan-level evidence from Dutch residential mortgages Fri, 06 Sep 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/loan-to-value-caps-and-government-backed-mortgage-insurance-loan-level-evidence-from-dutch-residential-mortgages/ Behavioral learning equilibria in the New Keynesian model Mon, 02 Sep 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/behavioral-learning-equilibria-in-the-new-keynesian-model/ Credit risk in commercial real estate bank loans: the role of idiosyncratic versus macro-economic factors Thu, 29 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/credit-risk-in-commercial-real-estate-bank-loans-the-role-of-idiosyncratic-versus-macro-economic-factors/ Inflation expectations anchoring: new insights from micro evidence of a survey at high-frequency and of distributions Thu, 29 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/inflation-expectations-anchoring-new-insights-from-micro-evidence-of-a-survey-at-high-frequency-and-of-distributions/ How does consumption respond to news about inflation? Field evidence from a randomized control trial Thu, 29 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/how-does-consumption-respond-to-news-about-inflation-field-evidence-from-a-randomized-control-trial/ Fundamental uncertainty about the natural rate of interest: Info-gap as guide for monetary policy Thu, 29 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/fundamental-uncertainty-about-the-natural-rate-of-interest-info-gap-as-guide-for-monetary-policy/ Beyond the zero lower bound: negative policy rates and bank lending Tue, 20 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/beyond-the-zero-lower-bound-negative-policy-rates-and-bank-lending/ Animal spirits and household spending in Europe and the US Wed, 14 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/animal-spirits-and-household-spending-in-europe-and-the-us/ Effects of QE on sovereign bond spreads through the safe asset channel Tue, 13 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/effects-of-qe-on-sovereign-bond-spreads-through-the-safe-asset-channel/ Debt shift, financial development and income inequality Thu, 01 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/debt-shift-financial-development-and-income-inequality/ Wealth shocks and MPC heterogeneity Thu, 01 Aug 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/wealth-shocks-and-mpc-heterogeneity/ Medium term asymmetric fluctuations and EMU as an optimum currency area Tue, 23 Jul 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/medium-term-asymmetric-fluctuations-and-emu-as-an-optimum-currency-area/ Liquidity stress detection in the European banking sector Tue, 25 Jun 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/liquidity-stress-detection-in-the-european-banking-sector/ Redistributive Consequences of Abolishing Uniform Contribution Policies in Pension Funds Tue, 11 Jun 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/redistributive-consequences-of-abolishing-uniform-contribution-policies-in-pension-funds/ Dynamics and heterogeneity of subjective stock market expectations Tue, 11 Jun 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/dynamics-and-heterogeneity-of-subjective-stock-market-expectations/ Measuring trends and persistence in capital and labor misallocation Fri, 07 Jun 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/measuring-trends-and-persistence-in-capital-and-labor-misallocation/ Being in good hands: Deposit insurance and peers financial sophistication Fri, 17 May 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/being-in-good-hands-deposit-insurance-and-peers-financial-sophistication/ Local Constant-Quality Housing Market Liquidity Indices Mon, 13 May 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/local-constant-quality-housing-market-liquidity-indices/ Euro area sovereign risk spillovers before and after the ECB's OMT announcement Mon, 13 May 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/euro-area-sovereign-risk-spillovers-before-and-after-the-ecb39s-omt-announcement/ Heterogeneity and Asymmetric Macroeconomic Effects of Changes in Loan-to-Value Limits Mon, 13 May 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/635-heterogeneity-and-asymmetric-macroeconomic-effects-of-changes-in-loan-to-value-limits/ Do fiscal rules constrain political budget cycles? Thu, 09 May 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/do-fiscal-rules-constrain-political-budget-cycles/ Financial Stability and the Fed: Evidence from Congressional Hearings Thu, 09 May 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/financial-stability-and-the-fed-evidence-from-congressional-hearings/ Monetary policy and the top one percent: Evidence from a century of modern economic history Mon, 29 Apr 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/monetary-policy-and-the-top-one-percent-evidence-from-a-century-of-modern-economic-history/ Impact of targeted credit easing by the ECB: Bank-level evidence Tue, 16 Apr 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/impact-of-targeted-credit-easing-by-the-ecb-bank-level-evidence/ Fair Pensions Thu, 11 Apr 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/fair-pensions/ What Option Prices tell us about the ECBs Unconventional Monetary Policies Fri, 05 Apr 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/what-option-prices-tell-us-about-the-ecbs-unconventional-monetary-policies/ Who Creates and Destroys Jobs over the Business Cycle? Thu, 14 Mar 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/who-creates-and-destroys-jobs-over-the-business-cycle/ The impact of size, composition and duration of the central bank balance sheet on inflation expectations and market prices Fri, 08 Mar 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/the-impact-of-size-composition-and-duration-of-the-central-bank-balance-sheet-on-inflation-expectations-and-market-prices/ Does monetary policy affect income inequality in the euro area? Fri, 08 Mar 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/does-monetary-policy-affect-income-inequality-in-the-euro-area/ The Heat is on: a framework for measuring financial stress under disruptive energy transition scenarios Mon, 25 Feb 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/the-heat-is-on-a-framework-for-measuring-financial-stress-under-disruptive-energy-transition-scenarios/ Outlier detection in TARGET2 risk indicators Thu, 07 Feb 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/outlier-detection-in-target2-risk-indicators/ The Global Macroeconomics of a Trade War. The EAGLE model on the US-China trade conflict Fri, 01 Feb 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/the-global-macroeconomics-of-a-trade-war-the-eagle-model-on-the-us-china-trade-conflict/ Did Spillovers From Europe Indeed Contribute to the 2010 U.S. Flash Crash? Mon, 28 Jan 2019 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/did-spillovers-from-europe-indeed-contribute-to-the-2010-u-s-flash-crash/ The Single Supervisory Mechanism: competitive implications for the banking sectors in the euro area Mon, 31 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-single-supervisory-mechanism-competitive-implications-for-the-banking-sectors-in-the-euro-area/ The impact of sovereign debt ratings on euro area cross-border holdings of euro area sovereign debt Fri, 28 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-impact-of-sovereign-debt-ratings-on-euro-area-cross-border-holdings-of-euro-area-sovereign-debt/ Do information contagion and business model similarities explain bank credit risk commonalities? Thu, 20 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/do-information-contagion-and-business-model-similarities-explain-bank-credit-risk-commonalities/ The economics of sharing macro-longevity risk Tue, 18 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-economics-of-sharing-macro-longevity-risk/ Does Housing Vintage Matter? Exploring the Historic City Center of Amsterdam Mon, 17 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/does-housing-vintage-matter-exploring-the-historic-city-center-of-amsterdam/ Bank Recapitalizations, Credit Supply, and the Transmission of Monetary Policy Mon, 17 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/bank-recapitalizations-credit-supply-and-the-transmission-of-monetary-policy/ The Transmission of an Interest Rate Shock, Standard Mitigants and Household Behavior Fri, 07 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-transmission-of-an-interest-rate-shock-standard-mitigants-and-household-behavior/ Forward Guidance and the Role of Central Bank Credibility Tue, 04 Dec 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/forward-guidance-and-the-role-of-central-bank-credibility/ Value at Risk prediction using option-implied risk measures Tue, 30 Oct 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/value-at-risk-prediction-using-option-implied-risk-measures/ Pension Funds Interconnections and Herd Behavior Tue, 30 Oct 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/pension-funds-interconnections-and-herd-behavior/ Ctrl+C Ctrl+pay: Do people mirror payment behaviour of their peers? Mon, 22 Oct 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/ctrlplusc-ctrlpluspay-do-people-mirror-payment-behaviour-of-their-peers/ Life cycle assessment of cash payments Tue, 09 Oct 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/life-cycle-assessment-of-cash-payments/ Spillovers of monetary policy across borders: International lending of Dutch banks, insurers and pension funds Mon, 01 Oct 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/spillovers-of-monetary-policy-across-borders-international-lending-of-dutch-banks-insurers-and-pension-funds/ Trust in other people and the usage of peer platform markets Mon, 01 Oct 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/trust-in-other-people-and-the-usage-of-peer-platform-markets/ Fiscal discipline in EMU? Testing the effectiveness of the Excessive Deficit Procedure Thu, 27 Sep 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/fiscal-discipline-in-emu-testing-the-effectiveness-of-the-excessive-deficit-procedure/ Pension fund equity performance: Patience, activity or both? Fri, 21 Sep 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/pension-fund-equity-performance-patience-activity-or-both/ Drivers of market liquidity - Regulation, monetary policy or new players? Mon, 17 Sep 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/drivers-of-market-liquidity-regulation-monetary-policy-or-new-players/ How internal and external supervision impact the dynamics between boards and Top Management Teams and TMT reflexivity Wed, 15 Aug 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/how-internal-and-external-supervision-impact-the-dynamics-between-boards-and-top-management-teams-and-tmt-reflexivity/ Benchmark selection and performance Thu, 02 Aug 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/benchmark-selection-and-performance/ Herding behavior of Dutch pension funds in asset class investments Tue, 24 Jul 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/herding-behavior-of-dutch-pension-funds-in-asset-class-investments/ The relation between supply constraints and house price dynamics in the Netherlands Wed, 18 Jul 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-relation-between-supply-constraints-and-house-price-dynamics-in-the-netherlands/ European banks after the global financial crisis: Peak accumulated losses, twin crises and business models Tue, 03 Jul 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/european-banks-after-the-global-financial-crisis-peak-accumulated-losses-twin-crises-and-business-models/ Counterparty credit risk and the effectiveness of banking regulation Tue, 26 Jun 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/counterparty-credit-risk-and-the-effectiveness-of-banking-regulation/ Macroprudential policy and income inequality Fri, 01 Jun 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/macroprudential-policy-and-income-inequality/ Walk on the wild side: Multiplicative sunspots and temporarily unstable paths Fri, 01 Jun 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/walk-on-the-wild-side-multiplicative-sunspots-and-temporarily-unstable-paths/ Liquidity regulation, the central bank and the money market Fri, 01 Jun 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/liquidity-regulation-the-central-bank-and-the-money-market/ Optimal risk-sharing in pension funds when stock and labor markets are co-integrated Wed, 30 May 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/optimal-risk-sharing-in-pension-funds-when-stock-and-labor-markets-are-co-integrated/ Central bank policies and income and wealth inequality: A survey Tue, 22 May 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/central-bank-policies-and-income-and-wealth-inequality-a-survey/ Basel methodological heterogeneity and banking system stability: The case of the Netherlands Tue, 22 May 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/basel-methodological-heterogeneity-and-banking-system-stability-the-case-of-the-netherlands/ CDS market structure and risk flows: the Dutch case Fri, 18 May 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/cds-market-structure-and-risk-flows-the-dutch-case/ The impact of the ECB asset purchases on the European bond market structure: Granular evidence on ownership concentration Wed, 02 May 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-impact-of-the-ecb-asset-purchases-on-the-european-bond-market-structure-granular-evidence-on-ownership-concentration/ Credit shocks and the European labour market Wed, 02 May 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/credit-shocks-and-the-european-labour-market/ The international spillovers of the 2010 U.S. flash crash Tue, 13 Mar 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-international-spillovers-of-the-2010-u-s-flash-crash/ Mortgage debt and shadow banks Thu, 08 Mar 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/mortgage-debt-and-shadow-banks/ Time varying wage Phillips curves in the euro area with a new measure for labor market slack Wed, 07 Mar 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/time-varying-wage-phillips-curves-in-the-euro-area-with-a-new-measure-for-labor-market-slack/ Quantitative easing and preferred habitat investors in the euro area bond market Mon, 05 Mar 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/quantitative-easing-and-preferred-habitat-investors-in-the-euro-area-bond-market/ What drives bitcoin adoption by retailers Thu, 01 Mar 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/what-drives-bitcoin-adoption-by-retailers/ The effect of fiscal announcements on interest spreads: Evidence from the Netherlands Tue, 20 Feb 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/the-effect-of-fiscal-announcements-on-interest-spreads-evidence-from-the-netherlands/ Revisiting supply and demand indexes in real estate Tue, 30 Jan 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/revisiting-supply-and-demand-indexes-in-real-estate/ Effects of payment instruments on unhealthy purchases Tue, 16 Jan 2018 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2018/effects-of-payment-instruments-on-unhealthy-purchases/ Entropy-based implied moments Wed, 27 Dec 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/entropy-based-implied-moments/ Mortgage arrears, regulation and institutions: Cross-country evidence Wed, 27 Dec 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/mortgage-arrears-regulation-and-institutions-cross-country-evidence/ How expensive should CO2 be? Fuel for the debate on optimal climate policy Mon, 11 Dec 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/how-expensive-should-co2-be-fuel-for-the-debate-on-optimal-climate-policy/ The power of percentage: Quantitative framing of pension income Mon, 11 Dec 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/the-power-of-percentage-quantitative-framing-of-pension-income/ Bank based versus market-based financing. Implications for systemic risk Mon, 11 Dec 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/bank-based-versus-market-based-financing-implications-for-systemic-risk/ Collective bargaining through the magnifying glass: A comparison between the Netherlands and Portugal Tue, 21 Nov 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/collective-bargaining-through-the-magnifying-glass-a-comparison-between-the-netherlands-and-portugal/ Assessing the effective stance of monetary policy: A factor-based approach Thu, 09 Nov 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/assessing-the-effective-stance-of-monetary-policy-a-factor-based-approach/ Evaluating the environmental impact of debit card payments Fri, 20 Oct 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/evaluating-the-environmental-impact-of-debit-card-payments/ Modeling the business and financial cycle in a multivariate structural time series model Thu, 19 Oct 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/modeling-the-business-and-financial-cycle-in-a-multivariate-structural-time-series-model/ Contingent convertibles: Can the market handle them? Tue, 03 Oct 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/contingent-convertibles-can-the-market-handle-them/ Using debit card payments data for nowcasting Dutch household consumption Tue, 03 Oct 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/using-debit-card-payments-data-for-nowcasting-dutch-household-consumption/ US monetary regimes and optimal monetary policy in the Euro Area Mon, 25 Sep 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/us-monetary-regimes-and-optimal-monetary-policy-in-the-euro-area/ Herding behaviour of Dutch pension funds in sovereign bond investments Mon, 18 Sep 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/herding-behaviour-of-dutch-pension-funds-in-sovereign-bond-investments/ Financial structure and macroeconomic volatility: a panel data analysis Tue, 12 Sep 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/financial-structure-and-macroeconomic-volatility-a-panel-data-analysis/ Applying complexity theory to interest rates: Evidence of critical transitions in the euro area Mon, 04 Sep 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/applying-complexity-theory-to-interest-rates-evidence-of-critical-transitions-in-the-euro-area/ Central bank swap lines and CIP deviations Mon, 14 Aug 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/central-bank-swap-lines-and-cip-deviations/ The effects of fiscal policy at the effective lower bound Tue, 01 Aug 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/the-effects-of-fiscal-policy-at-the-effective-lower-bound/ Heterogeneity in house price dynamics Tue, 01 Aug 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/heterogeneity-in-house-price-dynamics/ Payments data: do consumers want to keep them in a safe or turn them into gold? Mon, 17 Jul 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/payments-data-do-consumers-want-to-keep-them-in-a-safe-or-turn-them-into-gold/ Is fiscal policy in the euro area Ricardian? Mon, 17 Jul 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/is-fiscal-policy-in-the-euro-area-ricardian/ Does it pay to pay performance fees? Empirical evidence from Dutch pension funds Tue, 11 Jul 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/does-it-pay-to-pay-performance-fees-empirical-evidence-from-dutch-pension-funds/ Bank profitability and risk-taking under low interest rates Tue, 11 Jul 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/bank-profitability-and-risk-taking-under-low-interest-rates/ The shift in bank credit allocation: new data and new findings Wed, 21 Jun 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/the-shift-in-bank-credit-allocation-new-data-and-new-findings/ Cyclical patterns in risk indicators based on financial market infrastructure transaction data Fri, 09 Jun 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/cyclical-patterns-in-risk-indicators-based-on-financial-market-infrastructure-transaction-data/ Risk indicators for financial market infrastructure: from high frequency transaction data to a traffic light signal Fri, 09 Jun 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/risk-indicators-for-financial-market-infrastructure-from-high-frequency-transaction-data-to-a-traffic-light-signal/ Home biased expectations and macroeconomic imbalances in a monetary union Fri, 02 Jun 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/home-biased-expectations-and-macroeconomic-imbalances-in-a-monetary-union/ Pension funds illiquid assets allocation under liquidity and capital constraints Wed, 19 Apr 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/pension-funds-illiquid-assets-allocation-under-liquidity-and-capital-constraints/ Pension funds carbon footprint and investment trade-offs Wed, 12 Apr 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/pension-funds-carbon-footprint-and-investment-trade-offs/ SenSR: A sentiment-based systemic risk indicator Mon, 10 Apr 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/sensr-a-sentiment-based-systemic-risk-indicator/ Bank switching and deposit rates: Evidence for crisis and non-crisis years Mon, 27 Mar 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/bank-switching-and-deposit-rates-evidence-for-crisis-and-non-crisis-years/ Asymmetric consumption effects of transitory income shocks Fri, 24 Mar 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/asymmetric-consumption-effects-of-transitory-income-shocks/ To stay or go? Consumer bank switching behaviour after government interventions Thu, 16 Mar 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/to-stay-or-go-consumer-bank-switching-behaviour-after-government-interventions/ News consumption, political preferences, and accurate views on inflation Wed, 15 Mar 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/news-consumption-political-preferences-and-accurate-views-on-inflation/ Quantitative easing and exuberance in government bond markets: Evidence from the ECB's expanded asset purchase program Wed, 15 Mar 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/quantitative-easing-and-exuberance-in-government-bond-markets-evidence-from-the-ecb-s-expanded-asset-purchase-program/ X efficiency and economies of scale in pension fund administration and investment Thu, 23 Feb 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/x-efficiency-and-economies-of-scale-in-pension-fund-administration-and-investment/ Survey shortcuts? Evidence from a payment diary survey Thu, 23 Feb 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/survey-shortcuts-evidence-from-a-payment-diary-survey/ Follow the money: Does the financial sector intermediate natural resource windfalls? Thu, 23 Feb 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/follow-the-money-does-the-financial-sector-intermediate-natural-resource-windfalls/ Fundamental uncertainty and unconventional monetary policy: an info-gap approach Thu, 23 Feb 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/fundamental-uncertainty-and-unconventional-monetary-policy-an-info-gap-approach/ Contingent convertible bonds: Who invests in European CoCos? Thu, 16 Feb 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/contingent-convertible-bonds-who-invests-in-european-cocos/ Public capital in the 21st century: As productive as ever? Wed, 18 Jan 2017 13:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2017/public-capital-in-the-21st-century-as-productive-as-ever/ Hazardous tango: Sovereign-bank interdependencies across countries and time Wed, 28 Dec 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/541-hazardous-tango-sovereign-bank-interdependencies-across-countries-and-time/ Euro area imbalances Wed, 28 Dec 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/540-euro-area-imbalances/ The politics of central bank independence Thu, 22 Dec 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/539-the-politics-of-central-bank-independence/ Will helicopter money be spent? New evidence Thu, 15 Dec 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/538-will-helicopter-money-be-spent-new-evidence/ Trust in the central bank and inflation expectations Wed, 14 Dec 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/537-trust-in-the-central-bank-and-inflation-expectations/ Sectoral allocation and macroeconomic imbalances in EMU Mon, 12 Dec 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/536-sectoral-allocation-and-macroeconomic-imbalances-in-emu/ Pension profile preferences: the influence of trust and expected expenses Mon, 28 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/535-pension-profile-preferences-the-influence-of-trust-and-expected-expenses/ Aggregate liquidity and banking sector fragility Thu, 24 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/534-aggregate-liquidity-and-banking-sector-fragility/ Mining matters: Natural resource extraction and local business constraints Tue, 15 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/533-mining-matters-natural-resource-extraction-and-local-business-constraints/ Payment behaviour: the role of socio-psychological factors Mon, 07 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/532-payment-behaviour-the-role-of-socio-psychological-factors/ International investment positions revisited: Investor heterogeneity and individual security characteristics Mon, 07 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/531-international-investment-positions-revisited-investor-heterogeneity-and-individual-security-characteristics/ Finance and income inequality: A review and new evidence Mon, 07 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/530-finance-and-income-inequality-a-review-and-new-evidence/ Does the Fed's unconventional monetary policy weaken the link between the financial and the real sector? Fri, 04 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/529-does-the-fed-s-unconventional-monetary-policy-weaken-the-link-between-the-financial-and-the-real-sector/ The formation of a core-periphery structure in heterogeneous financial networks Fri, 04 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/528-the-formation-of-a-core-periphery-structure-in-heterogeneous-financial-networks/ Financial globalization and foreign direct investment Fri, 04 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/527-financial-globalization-and-foreign-direct-investment/ Bank profitability and risk taking in a prolonged environment of low interest rates: a study of interest rate risk in the banking book of Dutch banks Fri, 04 Nov 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/526-bank-profitability-and-risk-taking-in-a-prolonged-environment-of-low-interest-rates-a-study-of-interest-rate-risk-in-the-banking-book-of-dutch-banks/ Necessity as the mother of invention monetary policy after the crisis Wed, 26 Oct 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/525-necessity-as-the-mother-of-invention-monetary-policy-after-the-crisis/ Generalized stability of monetary unions under regime switching in monetary and fiscal policies Tue, 25 Oct 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/524-generalized-stability-of-monetary-unions-under-regime-switching-in-monetary-and-fiscal-policies/ Connecting the dots: market reactions to forecasts of policy rates and forward guidance provided by the Fed Mon, 24 Oct 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/523-connecting-the-dots-market-reactions-to-forecasts-of-policy-rates-and-forward-guidance-provided-by-the-fed/ On the value of virtual currencies Fri, 23 Sep 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/521-on-the-value-of-virtual-currencies/ International Banking and Cross-Border Effects of Regulation: Lessons from the Netherlands Thu, 15 Sep 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/520-international-banking-and-cross-border-effects-of-regulation-lessons-from-the-netherlands/ Fuel tourism in Dutch border regions: are only salient price differentials relevant? Thu, 25 Aug 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/519-fuel-tourism-in-dutch-border-regions-are-only-salient-price-differentials-relevant/ Credit Defaults, Bank Lending and the Real Economy Thu, 25 Aug 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/518-credit-defaults-bank-lending-and-the-real-economy/ The signalling content of asset prices for inflation: Implications for Quantitative Easing Thu, 28 Jul 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/516-the-signalling-content-of-asset-prices-for-inflation-implications-for-quantitative-easing/ How competitiveness shocks affect macroeconomic performance across euro area countries Wed, 27 Jul 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/515-how-competitiveness-shocks-affect-macroeconomic-performance-across-euro-area-countries/ Macroeconomic effects of mortgage interest deduction Thu, 07 Jul 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/514-macroeconomic-effects-of-mortgage-interest-deduction/ Timing of banks' loan loss provisioning during the crisis Thu, 02 Jun 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/513-timing-of-banks-loan-loss-provisioning-during-the-crisis/ Communicating dissent on monetary policy: Evidence from central bank minutes Tue, 17 May 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/512-communicating-dissent-on-monetary-policy-evidence-from-central-bank-minutes/ Determinacy analysis in high order dynamic systems: The case of nominal rigidities and limited asset market participation Thu, 21 Apr 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/511-determinacy-analysis-in-high-order-dynamic-systems-the-case-of-nominal-rigidities-and-limited-asset-market-participation/ A comparative analysis of developments in central bank balance sheet composition Mon, 11 Apr 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/510-a-comparative-analysis-of-developments-in-central-bank-balance-sheet-composition/ Deflation risk in the euro area and central bank credibility Tue, 05 Apr 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/509-deflation-risk-in-the-euro-area-and-central-bank-credibility/ Individual inflation expectations in a declining-inflation environment: Evidence from survey data Wed, 30 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/508-individual-inflation-expectations-in-a-declining-inflation-environment-evidence-from-survey-data/ Improving model-based near-term GDP forecasts by subjective forecasts: A real-time exercise for the G7 countries Thu, 10 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/507-improving-model-based-near-term-gdp-forecasts-by-subjective-forecasts-a-real-time-exercise-for-the-g7-countries/ Measuring expectations of inflation: Effects of survey mode, wording, and opportunities to revise Mon, 07 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/506-measuring-expectations-of-inflation-effects-of-survey-mode-wording-and-opportunities-to-revise/ The invisible hand of the government: “Moral suasion” during the European sovereign debt crisis Mon, 07 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/505-the-invisible-hand-of-the-government-moral-suasion-during-the-european-sovereign-debt-crisis/ How to monitor the exit from the Eurosystem’s unconventional monetary policy: Is EONIA dead and gone? Mon, 07 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/504-how-to-monitor-the-exit-from-the-eurosystem-s-unconventional-monetary-policy-is-eonia-dead-and-gone/ Pension funds’ herding Tue, 01 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/503-pension-funds-herding/ The changing composition of the supervisory boards of the eight largest banks and insurers during 2008-2014 and the impact of the “4+4 suitability screenings” Tue, 01 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/502-the-changing-composition-of-the-supervisory-boards-of-the-eight-largest-banks-and-insurers-during-2008-2014-and-the-impact-of-the-4plus4-suitability-screenings/ On the differential impact of securitization on bank lending during the financial crisis Tue, 01 Mar 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/501-on-the-differential-impact-of-securitization-on-bank-lending-during-the-financial-crisis/ A descriptive model of banking and aggregate demand Tue, 09 Feb 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/500-a-descriptive-model-of-banking-and-aggregate-demand/ Does Banknote Quality Affect Counterfeit Detection? Experimental evidence from Germany and the Netherlands Mon, 01 Feb 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/499-does-banknote-quality-affect-counterfeit-detection-experimental-evidence-from-germany-and-the-netherlands/ Effective macroprudential policy: Cross-sector substitution from price and quantity measures Mon, 01 Feb 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/498-effective-macroprudential-policy-cross-sector-substitution-from-price-and-quantity-measures/ Price level convergence within the euro area: How Europe caught up with the US and lost terrain again Wed, 27 Jan 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/497-price-level-convergence-within-the-euro-area-how-europe-caught-up-with-the-us-and-lost-terrain-again/ Consumption uncertainty and precautionary saving Tue, 26 Jan 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/496-consumption-uncertainty-and-precautionary-saving/ Measuring financial cycles with a model-based filter: Empirical evidence for the United States and the euro area Tue, 26 Jan 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/495-measuring-financial-cycles-with-a-model-based-filter-empirical-evidence-for-the-united-states-and-the-euro-area/ Why risk is so hard to measure Tue, 05 Jan 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/494-why-risk-is-so-hard-to-measure/ Competing for savings: how important is creditworthiness during the crisis? Tue, 05 Jan 2016 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2016/493-competing-for-savings-how-important-is-creditworthiness-during-the-crisis/ What drives public acceptance of reforms? Longitudinal evidence from the run-up of the increase of the Dutch retirement age Tue, 29 Dec 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/492-what-drives-public-acceptance-of-reforms-longitudinal-evidence-from-the-run-up-of-the-increase-of-the-dutch-retirement-age/ Family, friends and framing: A cross-country study of subjective survival expectations Wed, 23 Dec 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/491-family-friends-and-framing-a-cross-country-study-of-subjective-survival-expectations/ Banking products: you can take them with you, so why don't you? Mon, 21 Dec 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/490-banking-products-you-can-take-them-with-you-so-why-don-t-you/ Short-termism of long-term investors? The investment behaviour of Dutch insurance companies and pension funds Mon, 21 Dec 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/489-short-termism-of-long-term-investors-the-investment-behaviour-of-dutch-insurance-companies-and-pension-funds/ Decision making in times of uncertainty: An info-gap perspective Thu, 26 Nov 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/487-decision-making-in-times-of-uncertainty-an-info-gap-perspective/ Demand and supply of mortgage credit Tue, 17 Nov 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/486-demand-and-supply-of-mortgage-credit/ Recovery measures of underfunded pension funds: higher contributions, no indexation, or pension cuts? Wed, 28 Oct 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/485-recovery-measures-of-underfunded-pension-funds-higher-contributions-no-indexation-or-pension-cuts/ Stability of participation in collective pension schemes: An option pricing approach Wed, 21 Oct 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/484-stability-of-participation-in-collective-pension-schemes-an-option-pricing-approach/ The impact of the ECB’s conventional and unconventional monetary policies on stock markets Wed, 07 Oct 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/483-the-impact-of-the-ecb-s-conventional-and-unconventional-monetary-policies-on-stock-markets/ Internet search behavior, liquidity and prices in the housing market Thu, 20 Aug 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/481-internet-search-behavior-liquidity-and-prices-in-the-housing-market/ Convertible bonds and bank risk-taking Thu, 13 Aug 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/480-convertible-bonds-and-bank-risk-taking/ A theory of bazookas; or, “when (and when not) to use large-scale official sector support” Wed, 05 Aug 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/479-a-theory-of-bazookas-or-when-and-when-not-to-use-large-scale-official-sector-support/ Liquidity creation without banks Mon, 27 Jul 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/482-liquidity-creation-without-banks/ Systemic risk of European banks: Regulators and markets Wed, 22 Jul 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/478-systemic-risk-of-european-banks-regulators-and-markets/ Are expenditure cuts the only effective way to achieve successful fiscal adjustment Tue, 21 Jul 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/477-are-expenditure-cuts-the-only-effective-way-to-achieve-successful-fiscal-adjustment/ Communication about future policy rates in theory and practice: A Survey Tue, 09 Jun 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/475-communication-about-future-policy-rates-in-theory-and-practice-a-survey/ Leading indicators of financial stress: New evidence Tue, 09 Jun 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/476-leading-indicators-of-financial-stress-new-evidence/ Scale economies in pension fund investments: A dissection of investment costs across asset classes Wed, 03 Jun 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/474-scale-economies-in-pension-fund-investments-a-dissection-of-investment-costs-across-asset-classes/ Central bank balance sheet policies and inflation expectations Wed, 20 May 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/473-central-bank-balance-sheet-policies-and-inflation-expectations/ The formation of European inflation expectations: One learning rule does not fit all Thu, 30 Apr 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/472-the-formation-of-european-inflation-expectations-one-learning-rule-does-not-fit-all/ Changing payment patterns at point-of-sale: their drivers Thu, 30 Apr 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/471-changing-payment-patterns-at-point-of-sale-their-drivers/ Does a public campaign influence debit card usage? Evidence from the Netherlands Thu, 09 Apr 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/470-does-a-public-campaign-influence-debit-card-usage-evidence-from-the-netherlands/ Financial stress indices and financial crises Thu, 02 Apr 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/469-financial-stress-indices-and-financial-crises/ Insurance companies' trading behaviour during the European Sovereign debt crisis: Flight home or flight to quality? Tue, 17 Mar 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/468-insurance-companies-trading-behaviour-during-the-european-sovereign-debt-crisis-flight-home-or-flight-to-quality/ Effect of bank capital requirements on economic growth Thu, 12 Mar 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/467-effect-of-bank-capital-requirements-on-economic-growth/ Central bank intervention in large value payment systems: An experimental approach Thu, 12 Mar 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/466-central-bank-intervention-in-large-value-payment-systems-an-experimental-approach/ Firms entry, oligopolistic competition and labor market dynamics Thu, 05 Mar 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/465-firms-entry-oligopolistic-competition-and-labor-market-dynamics/ How internal and external supervisors influence employees' self-serving decisions Thu, 05 Mar 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/464-how-internal-and-external-supervisors-influence-employees-self-serving-decisions/ Market reactions to the ECB's Comprehensive Assessment Mon, 02 Mar 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/463-market-reactions-to-the-ecb-s-comprehensive-assessment/ Loss shocks and the quantity and price of private export credit insurance: Evidence from a global insurer Thu, 26 Feb 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/462-loss-shocks-and-the-quantity-and-price-of-private-export-credit-insurance-evidence-from-a-global-insurer/ In love with the debit card but still married to cash Thu, 26 Feb 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/461-in-love-with-the-debit-card-but-still-married-to-cash/ A dynamic network model of the unsecured interbank lending market Mon, 23 Feb 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/460-a-dynamic-network-model-of-the-unsecured-interbank-lending-market/ The impact of the global financial crisis on banking globalization Thu, 12 Feb 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/459-the-impact-of-the-global-financial-crisis-on-banking-globalization/ From progress to nightmare - European regional unemployment over time Thu, 29 Jan 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/458-from-progress-to-nightmare-european-regional-unemployment-over-time/ Assessing bank competition for consumer loans Thu, 22 Jan 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/457-assessing-bank-competition-for-consumer-loans/ Lenders on the storm of wholesale funding shocks: Saved by the central bank? Tue, 20 Jan 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/456-lenders-on-the-storm-of-wholesale-funding-shocks-saved-by-the-central-bank/ Global liquidity regulation - Why did it take so long? Tue, 20 Jan 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/455-global-liquidity-regulation-why-did-it-take-so-long/ Where are the retirement savings of self-employed? An analysis of ‘unconventional’ retirement accounts Tue, 13 Jan 2015 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2015/454-where-are-the-retirement-savings-of-self-employed-an-analysis-of-unconventional-retirement-accounts/ Consumption behaviour and financial crisis in the Netherlands Thu, 18 Dec 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/453-consumption-behaviour-and-financial-crisis-in-the-netherlands/ Optimal forecasts from Markov switching models Mon, 15 Dec 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/452-optimal-forecasts-from-markov-switching-models/ Does the Stability and Growth Pact induce a bias in the EC’s fiscal forecasts Mon, 15 Dec 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/451-does-the-stability-and-growth-pact-induce-a-bias-in-the-ec-s-fiscal-forecasts/ Identifying booms and busts in house prices under heterogeneous expectations Wed, 03 Dec 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/450-identifying-booms-and-busts-in-house-prices-under-heterogeneous-expectations/ Mortgage risks, debt literacy and financial advice Tue, 25 Nov 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/449-mortgage-risks-debt-literacy-and-financial-advice/ Demanding occupations and the retirement age in the Netherlands Tue, 18 Nov 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/448-demanding-occupations-and-the-retirement-age-in-the-netherlands/ The effect of credit conditions on the Dutch housing market Fri, 14 Nov 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/447-the-effect-of-credit-conditions-on-the-dutch-housing-market/ Reforming the architecture of EMU: Ensuring stability in Europe Thu, 06 Nov 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/446-reforming-the-architecture-of-emu-ensuring-stability-in-europe/ Loan loss provisioning, bank credit and the real economy Wed, 22 Oct 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/445-loan-loss-provisioning-bank-credit-and-the-real-economy/ Low real rates as driver of secular stagnation: empirical assessment Wed, 22 Oct 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/444-low-real-rates-as-driver-of-secular-stagnation-empirical-assessment/ Current account imbalances in the Euro area: Competitiveness or financial cycle? Mon, 13 Oct 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/443-current-account-imbalances-in-the-euro-area-competitiveness-or-financial-cycle/ Systemic risk and bank business models Mon, 13 Oct 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/442-systemic-risk-and-bank-business-models/ Financial globalization or great financial expansion? The impact of capital flows on credit and banking crises Wed, 01 Oct 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/441-financial-globalization-or-great-financial-expansion-the-impact-of-capital-flows-on-credit-and-banking-crises/ What do we know about the effects of macroprudential policy? Thu, 25 Sep 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/440-what-do-we-know-about-the-effects-of-macroprudential-policy/ Does the clarity of inflation reports affect volatility in financial markets? Thu, 25 Sep 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/439-does-the-clarity-of-inflation-reports-affect-volatility-in-financial-markets/ Efficiency and competition in the Dutch non-life insurance industry: Effects of the 2006 health care reform Thu, 25 Sep 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/438-efficiency-and-competition-in-the-dutch-non-life-insurance-industry-effects-of-the-2006-health-care-reform/ Determinants of the real impact of banking crises: A review and new evidence Mon, 11 Aug 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/437-determinants-of-the-real-impact-of-banking-crises-a-review-and-new-evidence/ Openness and the (inverted) aggregate demand logic Mon, 11 Aug 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/436-openness-and-the-inverted-aggregate-demand-logic/ Former foreign affiliates: Cast out and outperformed? Mon, 11 Aug 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/435-former-foreign-affiliates-cast-out-and-outperformed/ Size and support ratings of US banks Mon, 11 Aug 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/434-size-and-support-ratings-of-us-banks/ Preferential regulatory treatment and banks’ demand for government bonds Wed, 30 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/433-preferential-regulatory-treatment-and-banks-demand-for-government-bonds/ Credit ratings and bond spreads of the GIIPS Wed, 30 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/432-credit-ratings-and-bond-spreads-of-the-giips/ When arm’s length is too far. Relationship banking over the business cycle Wed, 16 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/431-when-arm-s-length-is-too-far-relationship-banking-over-the-business-cycle/ Franchise value and risk-taking in modern banks Wed, 16 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/430-franchise-value-and-risk-taking-in-modern-banks/ Cash versus debit card: the role of budget control Tue, 01 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/429-cash-versus-debit-card-the-role-of-budget-control/ 428 - Household saving behaviour and credit constraints in the Euro area Tue, 01 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/428-household-saving-behaviour-and-credit-constraints-in-the-euro-area/ International spillovers from US forward guidance to equity markets Tue, 01 Jul 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/427-international-spillovers-from-us-forward-guidance-to-equity-markets/ Social interactions and the retirement age Tue, 03 Jun 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/426-social-interactions-and-the-retirement-age/ The impact of sovereign and credit risk on interest rate convergence in the euro area Tue, 03 Jun 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/425-the-impact-of-sovereign-and-credit-risk-on-interest-rate-convergence-in-the-euro-area/ The measurement of international pension obligations – Have we harmonised enough? Mon, 26 May 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/424-the-measurement-of-international-pension-obligations-have-we-harmonised-enough/ How does unconventional monetary policy affect inequality? Evidence from Japan Thu, 08 May 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/423-how-does-unconventional-monetary-policy-affect-inequality-evidence-from-japan/ Consumer cash usage: A cross-country comparison with payment diary survey data Wed, 23 Apr 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/422-consumer-cash-usage-a-cross-country-comparison-with-payment-diary-survey-data/ The rose-colored glasses of homeowners Wed, 23 Apr 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/421-the-rose-colored-glasses-of-homeowners/ The role of financial intermediaries in monetary policy transmission Wed, 23 Apr 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/420-the-role-of-financial-intermediaries-in-monetary-policy-transmission/ Banking stress test effects on returns and risks Thu, 10 Apr 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/419-banking-stress-test-effects-on-returns-and-risks/ Dynamic visualization of large transaction networks: the daily Dutch overnight money market Thu, 27 Mar 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/418-dynamic-visualization-of-large-transaction-networks-the-daily-dutch-overnight-money-market/ On trend-cycle-seasonal interactions Wed, 12 Mar 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/417-on-trend-cycle-seasonal-interactions/ Effects of ECB balance sheet policy announcements on inflation expectations Wed, 12 Mar 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/416-effects-of-ecb-balance-sheet-policy-announcements-on-inflation-expectations/ Nowcasting and forecasting economic growth in the euro area using principal components Wed, 19 Feb 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/415-nowcasting-and-forecasting-economic-growth-in-the-euro-area-using-principal-components/ Utility-equivalence of pension security mechanisms Mon, 27 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/414-utility-equivalence-of-pension-security-mechanisms/ The effect of the zero lower bound, forward guidance and unconventional monetary policy on interest rate sensitivity to economic news in Sweden Mon, 27 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/413-the-effect-of-the-zero-lower-bound-forward-guidance-and-unconventional-monetary-policy-on-interest-rate-sensitivity-to-economic-news-in-sweden/ It hurts (stock prices) when your team is about to lose a soccer match Mon, 27 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/412-it-hurts-stock-prices-when-your-team-is-about-to-lose-a-soccer-match/ Adaptive learning and survey data Mon, 27 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/411-adaptive-learning-and-survey-data/ I just cannot get you out of my head: Regulatory capture of financial sector supervisors Mon, 27 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/410-i-just-cannot-get-you-out-of-my-head-regulatory-capture-of-financial-sector-supervisors/ Cash management and payment choices: A simulation model with international comparisons Mon, 13 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/409-cash-management-and-payment-choices-a-simulation-model-with-international-comparisons/ Cyclical changes in firm volatility Wed, 08 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/408-cyclical-changes-in-firm-volatility/ Business cycle synchronization and vertical trade integration: A case study of the Eurozone and East Asia Wed, 08 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/407-business-cycle-synchronization-and-vertical-trade-integration-a-case-study-of-the-eurozone-and-east-asia/ Identifying and dating systemic banking crises using incidence and size of bank failures Wed, 08 Jan 2014 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2014/406-identifying-and-dating-systemic-banking-crises-using-incidence-and-size-of-bank-failures/ Tourist test or tourist trap? Unintended consequences of debit card interchange fee regulation Thu, 19 Dec 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/405-tourist-test-or-tourist-trap-unintended-consequences-of-debit-card-interchange-fee-regulation/ Bank earnings management through loan loss provisions: a double-edged sword? Thu, 19 Dec 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/404-bank-earnings-management-through-loan-loss-provisions-a-double-edged-sword/ On agricultural commodities' extreme price risk Mon, 02 Dec 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/403-on-agricultural-commodities-extreme-price-risk/ When does the general public lose trust in banks? Wed, 20 Nov 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/402-when-does-the-general-public-lose-trust-in-banks/ Competition in bank-provided payment services Tue, 19 Nov 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/401-competition-in-bank-provided-payment-services/ 400 - Systematic tail risk Thu, 07 Nov 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/400-systematic-tail-risk/ Are European sovereign bonds fairly priced? The role of modeling uncertainty Wed, 06 Nov 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/399-are-european-sovereign-bonds-fairly-priced-the-role-of-modeling-uncertainty/ Reactions of real yields and inflation expectations to forward guidance in the United States Wed, 06 Nov 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/398-reactions-of-real-yields-and-inflation-expectations-to-forward-guidance-in-the-united-states/ Identifying banking crises using money market pressure: new evidence for a large set of countries Tue, 29 Oct 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/397-identifying-banking-crises-using-money-market-pressure-new-evidence-for-a-large-set-of-countries/ The level effect of bank lending standards on business lending Tue, 15 Oct 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/396-the-level-effect-of-bank-lending-standards-on-business-lending/ Effect of the zero lower bound on bond yield sensitivity to news in Canada in comparison with the UK and US Mon, 30 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/395-effect-of-the-zero-lower-bound-on-bond-yield-sensitivity-to-news-in-canada-in-comparison-with-the-uk-and-us/ What drives consumer confidence in times of financial crises? Evidence for the Netherlands Tue, 17 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/394-what-drives-consumer-confidence-in-times-of-financial-crises-evidence-for-the-netherlands/ Banks’ Liquidity Buffers and the Role of Liquidity Regulation Tue, 17 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/393-banks-liquidity-buffers-and-the-role-of-liquidity-regulation/ Finance as a Magnet for the Best and Brightest: Implications for the Real Economy Thu, 05 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/392-finance-as-a-magnet-for-the-best-and-brightest-implications-for-the-real-economy/ The Absorption of Talent into Finance: Evidence from U.S. Banking Deregulation Thu, 05 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/391-the-absorption-of-talent-into-finance-evidence-from-u-s-banking-deregulation/ Effects of explicit FOMC policy rate guidance on equities and risk measures Thu, 05 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/390-effects-of-explicit-fomc-policy-rate-guidance-on-equities-and-risk-measures/ Trust and Financial Crisis Experiences Mon, 02 Sep 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/389-trust-and-financial-crisis-experiences/ Measuring the effects of financial sector supervision Tue, 27 Aug 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/388-measuring-the-effects-of-financial-sector-supervision/ How bank business models drive interest margins: Evidence from U.S. bank-level data Thu, 15 Aug 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/387-how-bank-business-models-drive-interest-margins-evidence-from-u-s-bank-level-data/ Corporate governance of banks: A survey Tue, 23 Jul 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/386-corporate-governance-of-banks-a-survey/ Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks Tue, 23 Jul 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/385-shocks-abroad-pain-at-home-bank-firm-level-evidence-on-the-international-transmission-of-financial-shocks/ Effects of explicit FOMC policy rate guidance on market interest rates Tue, 23 Jul 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/384-effects-of-explicit-fomc-policy-rate-guidance-on-market-interest-rates/ Imperfect Competition and Optimal Taxation Tue, 09 Jul 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/383-imperfect-competition-and-optimal-taxation/ The impact of sovereign debt exposure on bank lending: Evidence from the European debt crisis Tue, 02 Jul 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/382-the-impact-of-sovereign-debt-exposure-on-bank-lending-evidence-from-the-european-debt-crisis/ Unconventional monetary policy of the ECB during the financial crisis: An assessment and new evidence Tue, 28 May 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/381-unconventional-monetary-policy-of-the-ecb-during-the-financial-crisis-an-assessment-and-new-evidence/ Reform of the mortgage interest tax relief system, policy uncertainty and precautionary savings in the Netherlands Thu, 23 May 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/380-reform-of-the-mortgage-interest-tax-relief-system-policy-uncertainty-and-precautionary-savings-in-the-netherlands/ Towards a Stable Monetary Union: What Role for Eurobonds? Wed, 22 May 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/379-towards-a-stable-monetary-union-what-role-for-eurobonds/ Systemic Risk Allocation for Systems with A Small Number of Banks Wed, 22 May 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/378-systemic-risk-allocation-for-systems-with-a-small-number-of-banks/ Global liquidity as an early warning indicator of asset price booms: G5 versus broader measures Wed, 22 May 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/377-global-liquidity-as-an-early-warning-indicator-of-asset-price-booms-g5-versus-broader-measures/ Is there an optimal pension fund size? A scale-economy analysis of administrative and investment costs Thu, 18 Apr 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/376-is-there-an-optimal-pension-fund-size-a-scale-economy-analysis-of-administrative-and-investment-costs/ Migrants' Choice of Remittance Channel: Do General Payment Habits Play a Role? Tue, 02 Apr 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/375-migrants-choice-of-remittance-channel-do-general-payment-habits-play-a-role/ Determinants of the rate of the Dutch unsecured overnight money market Thu, 21 Mar 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/374-determinants-of-the-rate-of-the-dutch-unsecured-overnight-money-market/ Early warning for currency crises: what is the role of financial openness? Tue, 12 Mar 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/373-early-warning-for-currency-crises-what-is-the-role-of-financial-openness/ A macroprudential approach to address liquidity risk with the Loan-to-Deposit ratio Mon, 04 Mar 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/372-a-macroprudential-approach-to-address-liquidity-risk-with-the-loan-to-deposit-ratio/ Heterogeneity in house price dynamics Wed, 27 Feb 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/371-heterogeneity-in-house-price-dynamics/ Impact of Foreign Banks Tue, 05 Feb 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/370-impact-of-foreign-banks/ How to measure the unsecured money market? The Eurosystem’s implementation and validation using TARGET2 data Thu, 24 Jan 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/369-how-to-measure-the-unsecured-money-market-the-eurosystem-s-implementation-and-validation-using-target2-data/ What drives pension indexation in turbulent times? An empirical examination of Dutch pension funds Thu, 17 Jan 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/368-what-drives-pension-indexation-in-turbulent-times-an-empirical-examination-of-dutch-pension-funds/ Firm Entry, Endogenous Markups and the Dynamics of the Labor Share of Income Tue, 15 Jan 2013 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2013/367-firm-entry-endogenous-markups-and-the-dynamics-of-the-labor-share-of-income/ Are Retirement Decisions Vulnerable to Framing Effects? Empirical Evidence from NL and the US Sun, 30 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/366-are-retirement-decisions-vulnerable-to-framing-effects-empirical-evidence-from-nl-and-the-us/ Forecasting and nowcasting real GDP: Comparing statistical models and subjective forecasts Mon, 24 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/365-forecasting-and-nowcasting-real-gdp-comparing-statistical-models-and-subjective-forecasts/ The Impact of the LCR on the Interbank Money Market Thu, 20 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/364-the-impact-of-the-lcr-on-the-interbank-money-market/ Contagious Bank Runs: Experimental Evidence Thu, 20 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/363-contagious-bank-runs-experimental-evidence/ Retail Payment Systems: Competition, Innovation, and Implications Thu, 20 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/362-retail-payment-systems-competition-innovation-and-implications/ Liquidity Regulation, Funding Costs and Corporate Lending Thu, 20 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/361-liquidity-regulation-funding-costs-and-corporate-lending/ Is Information Overrated? Evidence from the Pension Domain Mon, 10 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/360-is-information-overrated-evidence-from-the-pension-domain/ A Frontier Measure of U.S. Banking Competition Mon, 10 Dec 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/359-a-frontier-measure-of-u-s-banking-competition/ Financial constraints, risk taking and firm performance: Recent evidence from microfinance clients in Tanzania Mon, 19 Nov 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/358-financial-constraints-risk-taking-and-firm-performance-recent-evidence-from-microfinance-clients-in-tanzania/ Performance of the life insurance industry under pressure: efficiency, competition and consolidation Mon, 19 Nov 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/357-performance-of-the-life-insurance-industry-under-pressure-efficiency-competition-and-consolidation/ Innovations, rents and risk Tue, 06 Nov 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/356-innovations-rents-and-risk/ Trends in Financial Innovation and Their Welfare Impact: An Overview Tue, 06 Nov 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/355-trends-in-financial-innovation-and-their-welfare-impact-an-overview/ Trade Dynamics in the Euro Area: The role of export destination and composition Wed, 31 Oct 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/354-trade-dynamics-in-the-euro-area-the-role-of-export-destination-and-composition/ Green havens and pollution havens Mon, 29 Oct 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/353-green-havens-and-pollution-havens/ The interaction between the central bank and government in tail risk scenarios Thu, 18 Oct 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/352-the-interaction-between-the-central-bank-and-government-in-tail-risk-scenarios/ When Did Firms Become More Different? Time-Varying Firm-Specific Volatility in Japan Thu, 11 Oct 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/351-when-did-firms-become-more-different-time-varying-firm-specific-volatility-in-japan/ Commission Bans and the Source and Quality of Financial Advice Thu, 13 Sep 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/350-commission-bans-and-the-source-and-quality-of-financial-advice/ The optimal size of the European Stability Mechanism: A cost-benefit analysis Tue, 21 Aug 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/349-the-optimal-size-of-the-european-stability-mechanism-a-cost-benefit-analysis/ Finding the core: Network structure in interbank markets Wed, 25 Jul 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/348-finding-the-core-network-structure-in-interbank-markets/ Identifying systemically important financial institutions: size and other determinants Thu, 12 Jul 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/347-identifying-systemically-important-financial-institutions-size-and-other-determinants/ Bank liquidity, the maturity ladder, and regulation Thu, 12 Jul 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/346-bank-liquidity-the-maturity-ladder-and-regulation/ Taking Trends Seriously in DSGE Models: An Application to the Dutch Economy Wed, 11 Jul 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/345-taking-trends-seriously-in-dsge-models-an-application-to-the-dutch-economy/ The 2007-2009 Financial Crisis: Changing Market Dynamics and the Impact of Credit Supply and Aggregate Demand Sensitivity Thu, 03 May 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/344-the-2007-2009-financial-crisis-changing-market-dynamics-and-the-impact-of-credit-supply-and-aggregate-demand-sensitivity/ Mean Reversion in Stock Prices: Implications for Long-Term Investors Wed, 25 Apr 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/343-mean-reversion-in-stock-prices-implications-for-long-term-investors/ Modelling the liquidity ratio as macroprudential instrument Wed, 25 Apr 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/342-modelling-the-liquidity-ratio-as-macroprudential-instrument/ Securitization and the dark side of diversification Wed, 28 Mar 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/341-securitization-and-the-dark-side-of-diversification/ Net Foreign Asset (Com)position: Does Financial Development Matter? Wed, 07 Mar 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/340-net-foreign-asset-com-position-does-financial-development-matter/ Do newspaper articles on card fraud affect debit card usage? Wed, 07 Mar 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/339-do-newspaper-articles-on-card-fraud-affect-debit-card-usage/ Risk preferences over small stakes: Evidence from deductible choice Thu, 01 Mar 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/338-risk-preferences-over-small-stakes-evidence-from-deductible-choice/ The pitch rather than the pit: investor inattention during FIFA World Cup matches Thu, 16 Feb 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/337-the-pitch-rather-than-the-pit-investor-inattention-during-fifa-world-cup-matches/ Follow the money: what does the literature on banking tell prudential supervisors on bank business models? Thu, 09 Feb 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/336-follow-the-money-what-does-the-literature-on-banking-tell-prudential-supervisors-on-bank-business-models/ Contagion during the Greek Sovereign Debt Crisis Thu, 09 Feb 2012 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2012/335-contagion-during-the-greek-sovereign-debt-crisis/ Corporate culture and behaviour: A survey Thu, 29 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/334-corporate-culture-and-behaviour-a-survey/ Clarity of Central Bank Communication About Inflation Thu, 29 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/333-clarity-of-central-bank-communication-about-inflation/ Consumer credit and payment cards Thu, 29 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/332-consumer-credit-and-payment-cards/ Pricing in Retail Payment Systems: A Public Policy Perspective on Pricing of Payment Cards Thu, 29 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/331-pricing-in-retail-payment-systems-a-public-policy-perspective-on-pricing-of-payment-cards/ Foreign Banks: Trends, Impact and Financial Stability Wed, 28 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/330-foreign-banks-trends-impact-and-financial-stability/ Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices Thu, 22 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/329-complex-methods-in-economics-an-example-of-behavioral-heterogeneity-in-house-prices/ Choosing how to pay: the influence of home country habits Wed, 21 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/328-choosing-how-to-pay-the-influence-of-home-country-habits/ Optimal Forecasts in the Presence of Structural Breaks Wed, 21 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/327-optimal-forecasts-in-the-presence-of-structural-breaks/ Valuation of Liabilities in Hybrid Pension Plans Thu, 15 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/326-valuation-of-liabilities-in-hybrid-pension-plans/ Banking across Borders Thu, 15 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/325-banking-across-borders/ International Diversification During the Financial Crisis: A Blessing for Equity Investors? Tue, 13 Dec 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/324-international-diversification-during-the-financial-crisis-a-blessing-for-equity-investors/ Banking risk and regulation: Does one size fit all? Wed, 23 Nov 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/323-banking-risk-and-regulation-does-one-size-fit-all/ Multinational Banks and the Global Financial Crisis. Weathering the Perfect Storm? Wed, 23 Nov 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/322-multinational-banks-and-the-global-financial-crisis-weathering-the-perfect-storm/ Right on Target: Exploring the Determinants of Inflation Targeting Adoption Wed, 09 Nov 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/321-right-on-target-exploring-the-determinants-of-inflation-targeting-adoption/ Forecasting GDP growth in times of crisis: private sector forecasts versus statistical models Mon, 07 Nov 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/320-forecasting-gdp-growth-in-times-of-crisis-private-sector-forecasts-versus-statistical-models/ International Business Cycle Comovement: Trade and Foreign Direct Investment Wed, 28 Sep 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/319-international-business-cycle-comovement-trade-and-foreign-direct-investment/ Gravity Models of Trade-based Money Laundering Wed, 21 Sep 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/318-gravity-models-of-trade-based-money-laundering/ Remittances and Financial Openness Thu, 15 Sep 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/317-remittances-and-financial-openness/ Is this bank ill? The diagnosis of doctor TARGET2 Thu, 08 Sep 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/316-is-this-bank-ill-the-diagnosis-of-doctor-target2/ Household savings behaviour in crisis times Tue, 30 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/315-household-savings-behaviour-in-crisis-times/ Sovereign and Bank Credit Risk during the Global Financial Crisis Thu, 25 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/314-sovereign-and-bank-credit-risk-during-the-global-financial-crisis/ Financial Literacy, Retirement Planning, and Household Wealth Thu, 25 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/313-financial-literacy-retirement-planning-and-household-wealth/ Strategic Loan Defaults and Coordination: An Experimental Analysis Thu, 25 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/312-strategic-loan-defaults-and-coordination-an-experimental-analysis/ Real Pension Rights as a Control Mechanism for Pension Fund Solvency Tue, 23 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/311-real-pension-rights-as-a-control-mechanism-for-pension-fund-solvency/ The Economic Perspective of Bank Bankruptcy Law Tue, 23 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/310-the-economic-perspective-of-bank-bankruptcy-law/ Interdependence of Fiscal Debts in EMU Tue, 23 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/309-interdependence-of-fiscal-debts-in-emu/ Exchange Rate Pass-Through and Monetary Integration in the Euro Area Thu, 11 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/308-exchange-rate-pass-through-and-monetary-integration-in-the-euro-area/ Capital Regulation and Tail Risk Thu, 11 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/307-capital-regulation-and-tail-risk/ Coordinating Bank Failure Costs and Financial Stability Wed, 03 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/306-coordinating-bank-failure-costs-and-financial-stability/ Bank Risk within and across Equilibria Wed, 03 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/305-bank-risk-within-and-across-equilibria/ Have market views on the sustainability of fiscal burdens influenced monetary authorities' credibility? Wed, 03 Aug 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/304-have-market-views-on-the-sustainability-of-fiscal-burdens-influenced-monetary-authorities-credibility/ "Leaning Against the Wind" and the Timing of Monetary Pollicy Thu, 21 Jul 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/303-leaning-against-the-wind-and-the-timing-of-monetary-pollicy/ Can the Longevity Risk Alleviate the Annuitization Puzzle? Empirical Evidence from Dutch Data Thu, 21 Jul 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/302-can-the-longevity-risk-alleviate-the-annuitization-puzzle-empirical-evidence-from-dutch-data/ Procyclical Bank Risk-Taking and the Lender of Last Resort Thu, 07 Jul 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/301-procyclical-bank-risk-taking-and-the-lender-of-last-resort/ Card acceptance and surcharging: the role of costs and competition Wed, 22 Jun 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/300-card-acceptance-and-surcharging-the-role-of-costs-and-competition/ Home Bank Intermediation of Foreign Direct Investment Wed, 22 Jun 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/299-home-bank-intermediation-of-foreign-direct-investment/ Individual Expectations and Aggregate Macro Behavior Wed, 22 Jun 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/298-individual-expectations-and-aggregate-macro-behavior/ How do inflation expectations form? New insights from a high-frequency survey Tue, 14 Jun 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/283-how-do-inflation-expectations-form-new-insights-from-a-high-frequency-survey/ Transparency of banking supervisors Tue, 07 Jun 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/297-transparency-of-banking-supervisors/ The simple econometrics of tail dependence Mon, 09 May 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/296-the-simple-econometrics-of-tail-dependence/ Employment Protection, Technology Choice, and Worker Allocation Mon, 09 May 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/295-employment-protection-technology-choice-and-worker-allocation/ Investment risk taking by institutional investors Thu, 28 Apr 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/294-investment-risk-taking-by-institutional-investors/ Banks’ responses to funding liquidity shocks: lending adjustment, liquidity hoarding and fire sales Mon, 18 Apr 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/293-banks-responses-to-funding-liquidity-shocks-lending-adjustment-liquidity-hoarding-and-fire-sales/ Forecasting Financial Stress Sun, 17 Apr 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/292-forecasting-financial-stress/ A Pigovian Approach to Liquidity Regulation Sun, 17 Apr 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/291-a-pigovian-approach-to-liquidity-regulation/ Public versus Private Information Thu, 14 Apr 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/290-public-versus-private-information/ Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands Wed, 30 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/289-financial-literacy-retirement-preparation-and-pension-expectations-in-the-netherlands/ Macro and micro drivers of house price dynamics: An application to Dutch data Wed, 30 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/288-macro-and-micro-drivers-of-house-price-dynamics-an-application-to-dutch-data/ Transmission of the Financial and Sovereign Debt Crises to the EMU: Stock Prices, CDS Spreads and Exchange Rates Tue, 29 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/287-transmission-of-the-financial-and-sovereign-debt-crises-to-the-emu-stock-prices-cds-spreads-and-exchange-rates/ Economy wide risk diversification in a three-pillar pension system Mon, 14 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/286-economy-wide-risk-diversification-in-a-three-pillar-pension-system/ Price dispersion in Europe: Does the business cycle matter? Mon, 14 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/285-price-dispersion-in-europe-does-the-business-cycle-matter/ Statistical evidence on the mean reversion of interest rates Mon, 14 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/284-statistical-evidence-on-the-mean-reversion-of-interest-rates/ Bank Size, Market Concentration, and Bank Earnings Volatility in the US Thu, 03 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/282-bank-size-market-concentration-and-bank-earnings-volatility-in-the-us/ Systematic risk under extremely adverse market conditions Thu, 03 Mar 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/281-systematic-risk-under-extremely-adverse-market-conditions/ Labor Market Flexibility and the Impact of the Financial Crisis Tue, 22 Feb 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/280-labor-market-flexibility-and-the-impact-of-the-financial-crisis/ Running for the Exit: International Banks and Crisis Transmission Thu, 03 Feb 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/279-running-for-the-exit-international-banks-and-crisis-transmission/ Monitoring the unsecured interbank money market using TARGET2 data Mon, 24 Jan 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/276-monitoring-the-unsecured-interbank-money-market-using-target2-data/ Credit Rating Agencies Mon, 24 Jan 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/278-credit-rating-agencies/ Communicating Bailout Policy and Risk Taking in the Banking Industry Mon, 24 Jan 2011 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2011/277-communicating-bailout-policy-and-risk-taking-in-the-banking-industry/