Archives des Département Finance

Events

Gravity, Counterparties, and Foreign Investment

International trade and investment flows obey gravityrelationships, posing a continuing puzzle. New data oncross-border commercial real-estate investment flows showthat they obey gravity, but this relationship is renderedinsignificant by controlling for the presence ofcounterparties from origin countries in destinationcountries. We attribute this to a strong, robust tendency forpreferential matching with same-country counterparties.We set up an equilibrium…

Events

Showcasing Women in Finance – EU / 22.11.2019

Please register under SWF.EU2019@uni.lu

Events

Is Idiosyncratic Risk Conditionally Priced?

Events

Market Efficiency in Real Time: Evidence from Low Latency Activity around Earnings Announcements

Events

Shareholder Liability and Bank Failure

Events

The Decline of Too Big to Fail

For globally systemically important banks (G-SIBs) withU.S. headquarters, we find large post-Lehman reductionsin market-implied probabilities of government bailout, alongwith big increases in debt financing costs for these banksafter controlling for insolvency risk. The data are consistentwith significant effectiveness for the official sector’s post-Lehman G-SIB failure-resolution intentions, laws, and rules.G-SIB creditors now appear to expect to…

Events

8th Luxembourg Asset Management Summit – KEYNOTE SPEECH in Finance (17 October 2019)

Events

4th Annual Finance & Technology Symposium – 14.06.2019

The Luxembourg School of Finance proudly announces its4th Annual Symposium on Finance & TechnologyEmbracing Technology for Data Custody: Turning Threat into OpportunityBlockchain technology, high-end computing, artificial intelligence – The digital transformation is changing the ways in which financial institutions fulfill their role as data custodians. At the same time, FinTech firms leveraging on these technologies…

Events

Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds

Estimates suggest that mitigating and adapting to climate change will cost trillions ofdollars. We study green bonds, which are bonds whose proceeds are used forenvironmentally sensitive purposes. After an overview of the U.S. corporate andmunicipal green bonds markets, we study pricing and ownership patterns using a simpleframework that incorporates assets with nonpecuniary utility. As predicted,…

Events