93 reputation
4
bio website wergieluk.com
location Germany
age
visits member for 2 years
seen Nov 22 '13 at 13:31

Jan
25
comment Copula models and the distribution of the sum of random variables without Monte Carlo
Actually it's integration by substitution rule in $n$-dimensional case: en.wikipedia.org/wiki/…
Jan
25
awarded  Teacher
Jan
25
answered Copula models and the distribution of the sum of random variables without Monte Carlo
Sep
28
awarded  Scholar
Sep
28
awarded  Supporter
Sep
28
accepted Government bonds with negative yield
Sep
27
comment Government bonds with negative yield
Thanks Richard ;)
Sep
26
comment Government bonds with negative yield
No, any (eurozone) financial institution may deposit money at ECB. The mechanism is called ECB deposit facility. There are also current accounts at ECB.
Sep
26
comment Government bonds with negative yield
Naive question: Can a non-financial company buy a bond and hold it by itself? I.e. not being exposed to the credit risk of some bank acting on behalf of that company?
Sep
26
comment Government bonds with negative yield
Your repo market argument sounds interesting. Do you have any references explaining why gov. bonds are better collateral than cash? Thanks!
Sep
26
comment Government bonds with negative yield
But what about parking money overnight at the central bank? ECB overnight rate is currently 0%. The probability that ECB defaults is less equal the default probability of a government (in case of France, for example). Additionally, you can withdraw your money at any time.
Sep
25
answered Library of basic indicators
Sep
25
comment Government bonds with negative yield
Yes, but what about holding the cash? The interest-rate is 0% but the quality of such a position is superior to everything else.
Sep
25
awarded  Student
Sep
25
asked Government bonds with negative yield