DNB - Working Papers Mon, 08 Nov 2021 10:19:52 GMT Fri, 10 Apr 2026 12:26:01 GMT https://www.dnb.nl/en/ On the Limits of Hedging Inflation Risk in Investment Portfolios We explore to what extent real returns on investment portfolios can be hedged against inflation risk by using existing financial market instruments. We empirically find that inflation-linked bonds offer only limited protection against inflation... Fri, 10 Apr 2026 12:26:01 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2026/858-on-the-limits-of-hedging-inflation-risk-in-investment-portfolios/ From nature shocks to financial stability Incorporating nature physical risks – in particular water-related risks – into banks’ credit risk models and insurers’ market risk models This paper presents a top-down stress testing framework for estimating the financial (stability) impact of nature degradation. The methodology links the three components of the NGFS conceptual framework on nature-related risks... Thu, 09 Apr 2026 14:42:06 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2026/857-from-nature-shocks-to-financial-stability-incorporating-nature-physical-risks-in-particular-water-related-risks-into-banks-credit-risk-models-and-insurers-market-risk-models/ Locked out by loyalty: entry deterrence through rebates in payment card markets Payment card markets are globally dominated by a few large card networks, which give significant rebates to issuing banks. Policy makers are concerned about rising merchant fees and the overreliance... Tue, 07 Apr 2026 16:41:13 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2026/856-locked-out-by-loyalty-entry-deterrence-through-rebates-in-payment-card-markets/ Optimal Job Retention Thu, 02 Apr 2026 11:13:57 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2026/855-optimal-job-retention/ Cross-border banking, intragroup exposures and risk-taking Regulatory limits on intragroup exposures constrain capital allocation within multi-national banking groups. We develop a theoretical model of cross-border banking that captures internal capital markets under supranational supervision and borrowing constraints.... Tue, 24 Feb 2026 15:09:57 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2026/854-cross-border-banking-intragroup-exposures-and-risk-taking/ 853 - Optimal Conventional and Unconventional Monetary Policy Mix Fri, 09 Jan 2026 15:14:39 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2026/853-optimal-conventional-and-unconventional-monetary-policy-mix/ Who’s on FIRE? Household characteristics and the formation of inflation expectations Wed, 17 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/852-who-s-on-fire-household-characteristics-and-the-formation-of-inflation-expectations/ Who manages the household purse? Factors shaping payment task allocation between partners and its implications Tue, 16 Dec 2025 17:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/851-who-manages-the-household-purse-factors-shaping-payment-task-allocation-between-partners-and-its-implications/ From Silent Generation to Gen Z: Who Appreciates a Social and Sustainable Bank Most? Wed, 10 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/849-from-silent-generation-to-gen-z-who-appreciates-a-social-and-sustainable-bank-most/ Predictability of Monetary Policy Surprises and Euro Area Macroeconomic Dynamics  Thu, 04 Dec 2025 15:16:49 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/850-predictability-of-monetary-policy-surprises-and-euro-area-macroeconomic-dynamics/ The cost of closure: the relation between the presence of bank branches and trust Mon, 17 Nov 2025 14:56:22 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/848-the-cost-of-closure-the-relation-between-the-presence-of-bank-branches-and-trust/ The Role of Ambiguity in the Monetary Policy Transmissions: Evidence from the European Repo Market We develop a method to measure ambiguity—uncertainty about the distribution of outcomes— in asset markets, using the volatility of the empirical distribution of unpredictable components in transaction prices. For comparison, we measure risk as the volatility of the unpredictable price.... Wed, 05 Nov 2025 15:26:31 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/847-the-role-of-ambiguity-in-the-monetary-policy-transmissions-evidence-from-the-european-repo-market/ An econometric investigation on the stability of stablecoins: Are these coins stable or is their stability just a flip of the coin? Tue, 04 Nov 2025 11:46:48 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/846-an-econometric-investigation-on-the-stability-of-stablecoins-are-these-coins-stable-or-is-their-stability-just-a-flip-of-the-coin/ Security design and credit rating risk in the CLO market Mon, 20 Oct 2025 09:14:37 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2019/security-design-and-credit-rating-risk-in-the-clo-market/ Floods and homeowners’ financial resilience: Survey-based evidence from the Netherlands Wed, 15 Oct 2025 15:13:12 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/845-floods-and-homeowners-financial-resilience-survey-based-evidence-from-the-netherlands/ Fiscal Drag in Theory and in Practice: a European Perspective Fri, 03 Oct 2025 10:45:22 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/844-fiscal-drag-in-theory-and-in-practice-a-european-perspective/ How do rising temperatures affect inflation expectations? Thu, 02 Oct 2025 13:30:59 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/843-how-do-rising-temperatures-affect-inflation-expectations/ Macroprudential Policy, Household Credit and House Prices Thu, 02 Oct 2025 13:12:16 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/842-macroprudential-policy-household-credit-and-house-prices/ Carbon taxation and precautionary savings Mon, 15 Sep 2025 16:02:10 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/841-carbon-taxation-and-precautionary-savings/ Commitment vs Credibility: Macroeconomic Effects of Climate Policy Uncertainty Tue, 02 Sep 2025 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/840-commitment-vs-credibility-macroeconomic-effects-of-climate-policy-uncertainty/ Competition among Dutch pension funds: is there any? Wed, 16 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/839-competition-among-dutch-pension-funds-is-there-any/ Hedging against inflation: International evidence on investor clientele effects in the bond market Governments across the world have issued inflation-linked debt to finance their deficits. Recent advances in asset pricing models recognize that there may be clientele effects that affect relative prices, especially in bond markets. Wed, 25 Jun 2025 15:19:43 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/838-hedging-against-inflation-international-evidence-on-investor-clientele-effects-in-the-bond-market/ The local supply effect of asset purchases: evidence from the Eurosystem's CSPP We estimate to what extent the Eurosystem’s Corporate Sector Purchase Programme (CSPP) impacted the price of securities that were actually bought, or their close substitutes, more than the price.... Tue, 17 Jun 2025 16:09:13 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/837-the-local-supply-effect-of-asset-purchases-evidence-from-the-eurosystem-s-cspp/ A liquidity black hole: What is the impact of a failing participant in a large value payment system and does time matter? This paper presents a methodology to detect potential failing participants in large value payment systems and measure the intraday impact of outages... Thu, 22 May 2025 14:49:11 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/836-a-liquidity-black-hole-what-is-the-impact-of-a-failing-participant-in-a-large-value-payment-system-and-does-time-matter/ The Dynamic Relationship between Delinquency Rates, Funding and Market Liquidity and Asset Prices in Private Commercial Real Estate Markets We employ a panel vector auto-regressive model to analyze the dynamic interactions between delinquency rates on bank loans, funding and market liquidity, and asset price movements in regional U.S. commercial real estate... Tue, 13 May 2025 15:16:45 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/835-the-dynamic-relationship-between-delinquency-rates-funding-and-market-liquidity-and-asset-prices-in-private-commercial-real-estate-markets/ The regulatory precondition to sovereign risk transmission This paper examines the role of regulation on how sovereign risk shocks affect bank balance sheets using a panel local projection approach and a newly created dataset of... Tue, 06 May 2025 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/834-the-regulatory-precondition-to-sovereign-risk-transmission/ Toward Paris-Aligned Sovereign Investment Portfolios: Utilizing Implied Temperature Rise as a Measure of Alignment Thu, 01 May 2025 11:31:15 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/833-toward-paris-aligned-sovereign-investment-portfolios-utilizing-implied-temperature-rise-as-a-measure-of-alignment/ European SMEs, Corporate Finance and Economic Resilience to Floods We investigate how leverage and the debt maturity structure of SMEs influences their resilience to floods. Tue, 25 Mar 2025 16:46:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/832-european-smes-corporate-finance-and-economic-resilience-to-floods/ Payment literacy pays off: higher trust and financial inclusion Tue, 25 Mar 2025 13:39:12 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/831-payment-literacy-pays-off-higher-trust-and-financial-inclusion/ Inequality along the European green transition Tue, 11 Mar 2025 17:16:29 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/830-inequality-along-the-european-green-transition/ Long-Run Inflation Expectations Fri, 07 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/829-long-run-inflation-expectations/ Forecasting Dutch inflation using machine learning methods Wed, 05 Feb 2025 12:56:08 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/828-forecasting-dutch-inflation-using-machine-learning-methods/ Untangling Illiquidity: Optimal Asset Allocation with Private Asset Classes Thu, 30 Jan 2025 17:20:38 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/827-untangling-illiquidity-optimal-asset-allocation-with-private-asset-classes/ Quantitative easing and preferred habitat investors in the euro area bond market Tue, 28 Jan 2025 09:16:03 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/826-quantitative-easing-and-preferred-habitat-investors-in-the-euro-area-bond-market/ Consumption insurance and credit shocks Thu, 16 Jan 2025 10:51:44 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2025/825-consumption-insurance-and-credit-shocks/ Residual Mortgage Debt, Insurance, and Defaults in the Netherlands Mon, 16 Dec 2024 12:44:28 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/824-residual-mortgage-debt-insurance-and-defaults-in-the-netherlands/ Residual-debt insurance and mortgage repayments Fri, 13 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/823-residual-debt-insurance-and-mortgage-repayments/ Large pension funds do not invest more effectively than smaller pension funds Wed, 04 Dec 2024 11:13:22 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/822-large-pension-funds-do-not-invest-more-effectively-than-smaller-pension-funds/ Uncovering the Effects of Government Spending through Tax Foresight Tue, 26 Nov 2024 17:07:52 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/821-uncovering-the-effects-of-government-spending-through-tax-foresight/ Fiscal Policy and Inflation in the Euro Area Mon, 25 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/820-fiscal-policy-and-inflation-in-the-euro-area/ DFROG: A nowcasting model for GDP growth Wed, 20 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/819-dfrog-a-nowcasting-model-for-gdp-growth/ Scenario discovery to address deep uncertainty in monetary policy Fri, 08 Nov 2024 12:00:52 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/818-scenario-discovery-to-address-deep-uncertainty-in-monetary-policy/ Climate-Linked Bonds Thu, 31 Oct 2024 15:14:20 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/817-climate-linked-bonds/ Green Transition in the Euro Area: Domestic and Global Factors Thu, 03 Oct 2024 16:58:26 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/816-green-transition-in-the-euro-area-domestic-and-global-factors/ Financial literacy in the DNB Household Survey: Insights from innovative data collection Mon, 23 Sep 2024 16:07:18 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/815-financial-literacy-in-the-dnb-household-survey-insights-from-innovative-data-collection/ The ecosystem service degradation sensitivity indicator (EDSI): A new framework for understanding the financial risk repercussions of nature degradation Tue, 27 Aug 2024 11:38:24 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/814-the-ecosystem-service-degradation-sensitivity-indicator-edsi-a-new-framework-for-understanding-the-financial-risk-repercussions-of-nature-degradation/ Barriers to Entry and the Labor Market Mon, 08 Jul 2024 15:30:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/813-barriers-to-entry-and-the-labor-market/ Great Layoff, Great Retirement and Post-pandemic Inflation Tue, 07 May 2024 12:28:27 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/812-great-layoff-great-retirement-and-post-pandemic-inflation/ Reallocation, Productivity, and Monetary Policy in an Energy Crisis Tue, 30 Apr 2024 10:22:00 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/811-reallocation-productivity-and-monetary-policy-in-an-energy-crisis/ The effect of information on consumer inflation expectations Mon, 29 Apr 2024 12:14:08 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/810-the-effect-of-information-on-consumer-inflation-expectations/ Central Bank Capital and Shareholder Relationship Mon, 08 Apr 2024 16:39:57 GMT https://www.dnb.nl/en/publications/research-publications/working-paper-2024/809-central-bank-capital-and-shareholder-relationship/ 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 07:45:35 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 16:19:44 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/ 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/