Publications
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The influence of a mortgage interest and capital deduction policy on house prices A regional study for different housing types in Belgium KU Leuven Vrije Universiteit Brussel
The investment costs of occupational pension funds in the European Union: a cross-country analysis KU Leuven Vrije Universiteit Brussel
Debt rating downgrades of financial institutions: causality tests on single-issue CDS and iTraxx KU Leuven Vrije Universiteit Brussel
The response of multinationals' foreign exchange rate exposure to macroeconomic news KU Leuven Ghent University Vrije Universiteit Brussel
© 2019 Elsevier Ltd We use intraday data to estimate the daily foreign exchange exposure of U.S. multinationals and show that macroeconomic news affects these firms’ foreign exchange exposure. News creates a substantial shift in the joint distribution of stock and exchange rate returns that has both a transitory and a persistent component. For example, a positive domestic demand surprise, as reflected in higher-than-expected nonfarm payroll, ...
A measure of pure home bias KU Leuven
© The Authors 2017. The literature on international equity holdings distinguishes between home bias (overweighting of home stocks) and foreign bias (relative underweighting for more "distant" countries). The two biases can be integrated into one distance-based model.We define pure home bias as the excess of home bias relative to this model, and find pure home bias only in emerging markets. Countries with high tax rates and low credit standing ...
Loan tenor in project finance KU Leuven Vrije Universiteit Brussel
© 2018, Emerald Publishing Limited. Purpose: The purpose of this paper is to develop a better understanding of the debt structuring of project finance (PF) loans and the main drivers affecting the maturity of bank loans in infrastructure deals. When banks grant loans to a project, they have two decision variables: the interest margin or the spread and the maturity of the loan. Although several studies analyze the drivers of the spread, few ...