Publications des institutions partenaires
Prognosen für den Schweizer Tourismus - Ausgabe Mai 2020
Abrahamsen, Yngve; Hälg, Florian; Rathke, Alexander; Sarferaz, Samad; Sturm, Jan-Egbert
Institution partenaire
English, Deutsch / 01/05/2020
Welch Guerra, Xena; Laamanen, Tomi; Samanta, Anna & Koller, Stefan: Serial acquirers - Getting your ducks in a row. Zurich, Switzerland : Deloitte AG, 2015.
Deloitte and the University of St.Gallen embarked on a joint study to investigate how Swiss serial acquirers organise their acquisition and integration activities, how they address their most pressing challenges and what makes them successful. The study is based on senior management interviews conducted with 25 Swiss serial acquirers. The findings uncover challenges and recent...
Institution partenaire
/ 30/04/2020
Hintermann, Christian; Christe, Alain; Venzin, Nicola; Gallmetzer, Matthias; Rosenast, Guido & Laamanen, Tomi: Clarity on Performance of Swiss Private Banks - The widening gap. Zurich, Switzerland : KPMG AG Schweiz, 2015.
Hintermann, Christian; Christe, Alain; Venzin, Nicola; Gallmetzer, Matthias; Rosenast, Guido & Laamanen, Tomi: Clarity on Performance of Swiss Private Banks - The widening gap. Zurich, Switzerland : KPMG AG Schweiz, 2015.
Institution partenaire
/ 30/04/2020
Hintermann, Christian; Lemann, Pascal; Sack, Mirko; Laamanen, Tomi; Sputtek, Rebekka & Reuter, Emmanuelle: Performance through focus - Seizing the global private banking opportunity. Zurich, Switzerland : KPMG AG Schweiz, 2012.
Hintermann, Christian; Lemann, Pascal; Sack, Mirko; Laamanen, Tomi; Sputtek, Rebekka & Reuter, Emmanuelle: Performance through focus - Seizing the global private banking opportunity. Zurich, Switzerland : KPMG AG Schweiz, 2012.
Institution partenaire
/ 30/04/2020
Hintermann, Christian; Cloughesy, Kevin; Rosenast, Guido; Antes, Nicolas; Maureau, Galdric; Martel, Diane & Laamanen, Tomi: Clarity on Performance of Swiss Private Banks - Recovery of a divided industry. Zurich, Switzerland : KPMG AG Schweiz, 2018.
The Swiss private banking industry has become more stable over the past 18 months. Industry net profit has doubled, and two-thirds of banks have improved key indicators such as RoE, gross profit and income ratio. While the future of the industry looks brighter than at any time in the past ten years, more action is needed across the board on NNM, gross income and cost control.
Institution partenaire
/ 30/04/2020
Hintermann, Christian; Cloughesy, Kevin; Rosenast, Guido; Antes, Nicolas; Erni, Gina; Laamanen, Tomi & Bian, Di: Clarity on Performance - Some limited change. Not radical enough. Zurich, Switzerland : KPMG AG Schweiz, 2017.
Hintermann, Christian; Cloughesy, Kevin; Rosenast, Guido; Antes, Nicolas; Erni, Gina; Laamanen, Tomi & Bian, Di: Clarity on Performance - Some limited change. Not radical enough. Zurich, Switzerland : KPMG AG Schweiz, 2017.
Institution partenaire
/ 30/04/2020
Hintermann, Christian; Christe, Alain; Mammarella, Massimiliano; Gallmetzer, Matthias; Rosenast, Guido & Laamanen, Tomi: Clarity on Performance of Swiss Private Banks - Further and faster: radical change needed. Zurich, Switzerland : KPMG AG Schweiz, 2016.
With 10% fewer Swiss private banks at the end of 2015 than at the start of the year, industry consolidation continues. More foreign banks exited the Swiss market while poorer performing banks decided to sell up or close their doors. Our prediction from last year that the industry would consolidate by 30% in the next few years is further validated.
Institution partenaire
/ 30/04/2020
Hintermann, Christian; Cloughesy, Kevin; Laamanen, Tomi; Isenring-Szabó, Kata Julianna & Zeidan, Jasmin: Clarity on Performance of Swiss Private Banks - Bigger is better in the quest for success. Zurich, Switzerland : KPMG AG Schweiz, 2019.
Swiss banks continue to rely excessively on financial markets. While good performances in 2017 were heavily driven by the positive market environment, a more challenging 2018 has exposed how weak banks really are. Most have made insufficient progress to enhance business and operating models or to adapt strategies and set ups to ensure sustainable success. If markets take a downturn,...
Institution partenaire
/ 30/04/2020
COVID-19 and trade policy: why turning inward won't work
Institution partenaire
Institut de hautes études internationales et du développement
/ 30/04/2020
Export restrictions in times of pandemic: options and limits under international trade agreements
Dozens of governments have banned or limited exports of vital medical supplies and food. Are these legal under WTO and EU law? This chapter argues that while such bans are not allowed in normal times, the rules do not apply when the measures are justified on health grounds, are temporarily applied, and are aimed at preventing or relieving critical shortages of essential products. The...
Institution partenaire
Institut de hautes études internationales et du développement
/ 30/04/2020
WP - 2020-04-29 - Stefanie Behncke: Effects of macroprudential policies on bank lending and credit risks
I analyse the effects of two macroprudential policy measures implemented in Switzerland: the activation of the countercyclical capital buffer (CCyB) and a cap on the loan-to-value (LTV) ratios. I use a difference-in-differences method to estimate the effects of these measures on risk indicators, such as their LTV and loan-to-income (LTI) ratios and mortgage growth rates. I find that...
Institution partenaire
English / 29/04/2020
WP - 2020-04-29 - Tan Schelling and Pascal Towbin: Negative interest rates, deposit funding and bank lending
In a negative interest rate environment, banks have generally proved reluctant to pass on negative interest rates to their retail depositors. Thus, banks that are more dependent on deposit funding face higher funding costs relative to other banks. This raises questions about the effect of negative interest rates on bank lending and monetary policy transmission. To study the...
Institution partenaire
English / 29/04/2020
WP - 2020-04-29 - Kenza Benhima and Rachel Cordonier: News, sentiment and capital flows
We examine empirically the effect of two types of expectations-related shocks - "news" (increases in expected future productivity) and "sentiment" (surges in optimism unrelated to future productivity) - on gross capital flows. We find that news shocks lead to a decrease in both gross capital inflows and outflows, while sentiment shocks lead to an increase in both gross inflows and...
Institution partenaire
English / 29/04/2020
WP - 2020-04-29 - Bernard Dumas and Marcel R. Savioz: A theory of the nominal character of stock securities
We construct recursive solutions for, and study the properties of the dynamic equilibrium of an economy with three types of agents: (i) household/investors who supply labor with a finite elasticity, consume a large variety of goods that are not perfect substitutes and trade government bonds; (ii) firms that produce those varieties of goods, receive productivity shocks and set prices...
Institution partenaire
English / 29/04/2020
Emotion Capture among Real Couples in Everyday Life
Boateng, George; Lüscher, Janina; Scholz, Urte; Kowatsch, Tobias
Institution partenaire
English, Deutsch / 25/04/2020
Emotion Elicitation and Capture among Real Couples in the Lab
Boateng, George; Sels, Laura; Kuppens, Peter; Lüscher, Janina; Scholz, Urte; Kowatsch, Tobias
Institution partenaire
English, Deutsch / 25/04/2020
Brühwiler Häusermann, Claudia Franziska: Jeffrey Israel. Living with Hate in American Politics and Religion: How Popular Culture Can Defuse Intractable Differences. 9 (2020), 2, S. 345-347.
Review of Jeffrey Israel. Living with Hate in American Politics and Religion: How Popular Culture Can Defuse Intractable Differences
Institution partenaire
/ 24/04/2020
India's lockdown
On March 24, 2020, the Government of India ordered a nationwide lockdown for 21 days as a preventive measure against the spread of the coronavirus. The lockdown - in full force as we write - restricts 1.3 billion people from leaving their homes. Transport services are suspended, educational institutions are closed, and factories are shut down. This is in line with the measures...
Institution partenaire
Institut de hautes études internationales et du développement
English / 24/04/2020
Meynhardt, Timo: Der Osten kann die Corona-Krise besser meistern als der Westen. In: Leipziger Volkszeitung (2020), 4336712973,
Wer die Wende von 1989 gemeistert habe, besitze genau jene Transformationskompetenz, die jetzt gefragt sei, sagt Timo Meynhardt von der Leipziger Manager-Schmiede HHL. Er sieht in der Pandemie aber auch eine Chance zur Annäherung.
Institution partenaire
/ 22/04/2020
Machine learning approach for flagging incomplete bid-rigging cartels
(Working Papers SES ; 513)
Institution partenaire
/ 21/04/2020
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