London drives surge in UK rental costs
Rents soar in October on back of high demand and pre-Budget landlord sales
Elliott’s Tokyo Gas property push should not get Lost in Translation
With Japan’s hotel market booming, now would be a good time for the group to consider selling the Park Hyatt Tokyo
Government tables 2025 budget, seeing stable growth, solid public finances and lower debt
The Finance Ministry tabled in Parliament on Wednesday the final budget for 2025, which sees stable growth and a solid fiscal performance that keeps the debt-to-GDP ratio on a downward trajectory.
Samaras expulsion casts shadow over New Democracy as SYRIZA prepares for leadership polls
With critical votes approaching in the parliamentary calendar, the aftermath of the ousting of former PM Antonis Samaras from New Democracy looks set to preoccupy the ruling party in the weeks ahead.
Why people would rather clean the toilet than check their bank balance – and the spending problems this leads to
Stock-Asso/Shutterstock“One in three people would rather deep clean their bathroom – deep clean with rubber gloves and everything – rather than check their savings,” according to AJ Coyne, chief marketing officer at online bank Monzo.
Drop in industrial turnover accelerates to 7.9 pct YoY in Sep as manufacturing falls sharply
There was an acceleration in the decline of Greece’s industrial turnover in September, dropping by 7.9 percent year-on-year (YoY) from a 4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Current account deficit at 7.67 bln for 9M as goods balance deteriorates
Greece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday.
Green asset pricing
This paper demonstrates that empirically grounding the discount factor significantly influences the determination of the carbon price. Using two complementary nonlinear statistical approaches, we assess which utility formulations and corresponding stochastic discount factors best align with U.S. data. We provide evidence that habit formation is essential for capturing the time variation in the stochastic discount factor necessary to match the data. This increased time variation raises the carbon price by 32% and makes it five times more procyclical compared to standard models.
Green asset pricing
This paper demonstrates that empirically grounding the discount factor significantly influences the determination of the carbon price. Using two complementary nonlinear statistical approaches, we assess which utility formulations and corresponding stochastic discount factors best align with U.S. data. We provide evidence that habit formation is essential for capturing the time variation in the stochastic discount factor necessary to match the data. This increased time variation raises the carbon price by 32% and makes it five times more procyclical compared to standard models.
Communication for financial crisis prevention: a tale of two decades
This edition of the ECB’s Financial Stability Review (FSR) marks the 20th anniversary of its inaugural publication. The FSR was originally launched to help in preventing financial crises, and this special feature draws lessons from two decades of experience in identifying, analysing and communicating about systemic risks via this publication. Although risk analysis and risk communication are distinct processes, the special feature emphasises that they are inextricably intertwined in a seamless cycle where each informs and enhances the other.
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