Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/60330 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorBoysen-Hogrefe, Jensen
dc.date.accessioned2012-08-01-
dc.date.accessioned2012-08-10T16:54:34Z-
dc.date.available2012-08-10T16:54:34Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/60330-
dc.language.isogeren
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1780en
dc.subject.jelG12en
dc.subject.jelH63en
dc.subject.ddc330en
dc.subject.keywordsafe havenen
dc.subject.keywordinterest paymentsen
dc.subject.keyworddebt crisisen
dc.subject.keywordyield curveen
dc.subject.stwZinsen
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwZinsstrukturen
dc.subject.stwÖffentliche Anleiheen
dc.subject.stwDeutschlanden
dc.subject.stwKapitalfluchten
dc.subject.stwStaatsbankrotten
dc.subject.stwEurozoneen
dc.titleDie Zinslast des Bundes in der Schuldenkrise: Wie lukrativ ist der 'sichere Hafen'?-
dc.typeWorking Paperen
dc.identifier.ppn720455456en
dc.description.abstracttransIn the aftermath of the Great Recession and during the debt crisis in the euro area yields on German federal bonds have been exceptionally low. This analysis tries to calculate the profits that the federal government makes due to the low yields. The interest payments that are due to emissions of bonds and bills made between 2009 and 2012 are approximated and compared to several benchmark scenarios. Compared to the mean yields of the years 1999-2008 profits of the federal government are quite high (68 billion euros). Application of yield curve models show that most of these profits are due to the macroeconomic conditions in the euro area and to low central bank rates. To a much smaller extend these profits are due to flight into safety, which, however, has become more relevant recently.en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1780en

Datei(en):
Datei
Größe
564.43 kB





Publikationen in EconStor sind urheberrechtlich geschützt.