Harald Hau

University of Geneva - Geneva Finance Research Institute (GFRI)

Prof. Harald Hau, PhD

40 Boulevard du Pont d'Arve

Geneva 4, Geneva 1211

Switzerland

Swiss Finance Institute

Switzerland

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

  • University of Geneva - Geneva Finance Research Institute (GFRI)

SCHOLARLY PAPERS

42

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13,208

SSRN CITATIONS
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Top 1,203

in Total Papers Citations

655

CROSSREF CITATIONS

598

Scholarly Papers (42)

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1.

Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany

Downloads 1,294 (27,478)
Citation 14

Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany

CESifo Working Paper Series No. 2640, ECGI - Finance Working Paper No. 247/2009
Number of pages: 39 Posted: 17 Mar 2009
Harald Hau and Marcel P. Thum
University of Geneva - Geneva Finance Research Institute (GFRI) and Dresden University of Technology - Faculty of Economics and Business Management
Downloads 1,127 (33,123)
Citation 7

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Governance, Supervisory Boards, Banking, Financial Crisis

Subprime Crisis and Board (In)Competence: Private vs. Public Banks in Germany

INSEAD Working Paper No. 2010/45/FIN
Number of pages: 35 Posted: 21 Jun 2010
Harald Hau and Marcel P. Thum
University of Geneva - Geneva Finance Research Institute (GFRI) and Dresden University of Technology - Faculty of Economics and Business Management
Downloads 167 (305,118)
Citation 15

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Governance, Supervisory Boards, Banking, Financial Crisis

2.

FinTech Credit and Entrepreneurial Growth

Swiss Finance Institute Research Paper No. 21-47
Number of pages: 63 Posted: 09 Aug 2021 Last Revised: 28 Nov 2022
Harald Hau, Yi Huang, Chen Lin, Hongzhe Shan, Zixia Sheng and Lai Wei
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR, The University of Hong Kong - Faculty of Business and Economics, Swiss Finance Institute, Swiss Finance Institute, Students, New Hope Financial Services and Lingnan University - Department of Finance and Insurance
Downloads 988 (40,541)
Citation 13

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FinTech, Big-tech, credit constraints, micro credit, entrepreneurship, service quality, customer satisfaction

3.

The Role of Equity Funds in the Financial Crisis Propagation

Downloads 701 (64,650)
Citation 29

The Role of Equity Funds in the Financial Crisis Propagation

Swiss Finance Institute Research Paper No. 11-35 , WFA 2012 Las Vegas Meetings Paper
Number of pages: 45 Posted: 17 Jan 2011 Last Revised: 20 Jan 2016
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 700 (63,849)
Citation 7

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Financial Crisis, Crisis Spillover Effect, Mutual Fund Ownership

The Role of Equity Funds in the Financial Crisis Propagation

CEPR Discussion Paper No. DP8819
Number of pages: 49 Posted: 01 Mar 2012
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 1 (1,095,497)
Citation 15
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Financial Crisis Propagation, Fire Sales, Mutual Funds

4.

Does Board Overlap Promote Coordination Between Firms?

Downloads 624 (74,925)
Citation 2

Does Board Overlap Promote Coordination Between Firms?

Swiss Finance Institute Research Paper No. 21-79, European Corporate Governance Institute – Finance Working Paper No. 803/2021
Number of pages: 58 Posted: 30 Nov 2021 Last Revised: 06 Feb 2023
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and Victoria University of Wellington - Te Herenga Waka - Victoria University of Wellington, Students
Downloads 361 (142,819)

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Board overlap, corporate opportunity waivers, firm coordination

The Effect of Board Overlap on Firm Behavior

Swiss Finance Institute Research Paper No. 21-40
Number of pages: 65 Posted: 19 Jul 2021
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and Victoria University of Wellington - Te Herenga Waka - Victoria University of Wellington, Students
Downloads 202 (257,520)
Citation 1

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Board interlock, corporate opportunity waivers, firm coordination

Does Board Overlap Promote Coordination Between Firms

Number of pages: 58 Posted: 16 Jul 2021 Last Revised: 25 Jul 2022
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and Victoria University of Wellington - Te Herenga Waka - Victoria University of Wellington, Students
Downloads 61 (612,139)
Citation 1

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Board interlock, corporate opportunity waivers, firm coordination

5.

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Downloads 622 (75,215)
Citation 5

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Swiss Finance Institute Research Paper No. 12-07
Number of pages: 53 Posted: 18 Feb 2012
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 481 (102,290)

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Speculation, Limited Arbitrage, Hedging, Exchange Rate Disconnect

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Number of pages: 59 Posted: 01 Nov 2009
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 138 (357,617)
Citation 5

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limited arbitrage, exchange rate disconnect puzzle, currency speculation

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

CEPR Discussion Paper No. DP7348
Number of pages: 53 Posted: 26 Aug 2009
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 3 (1,078,617)
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Cospectrum, Limited Arbitrage, Multi-Currency Risk Hedging, Spectral Inference, Speculative Trading

6.

Structured Debt Ratings: Evidence on Conflicts of Interest

Downloads 544 (88,862)
Citation 28

Structured Debt Ratings: Evidence on Conflicts of Interest

Swiss Finance Institute Research Paper No. 13-21
Number of pages: 39 Posted: 19 Apr 2013 Last Revised: 07 Dec 2018
Matthias Efing and Harald Hau
HEC Paris - Finance Department and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 445 (112,116)
Citation 1

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Credit Ratings, Ratings Inflation, Conflicts of Interest, Structured Debt

Structured Debt Ratings: Evidence on Conflicts of Interest

Swiss Finance Institute Research Paper No. 13-21
Number of pages: 59 Posted: 05 Oct 2013
Matthias Efing and Harald Hau
HEC Paris - Finance Department and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 98 (461,685)
Citation 2

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Credit Ratings, Ratings Inflation, Conflicts of Interest, Structured Debt

Structured Debt Ratings: Evidence on Conflicts of Interest

CEPR Discussion Paper No. DP9465
Number of pages: 56 Posted: 08 May 2013
Matthias Efing and Harald Hau
HEC Paris - Finance Department and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 1 (1,095,497)
Citation 2
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conflicts of interest, credit ratings, ratings inflation, structured debt

7.

Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy

Downloads 469 (106,514)
Citation 22

Firm Response to Competitive Shocks: Evidence from China’s Minimum Wage Policy

Swiss Finance Institute Research Paper No. 16-47, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 561/2018
Number of pages: 93 Posted: 22 Jul 2016 Last Revised: 05 Jul 2019
Harald Hau, Yi Huang and Gewei Wang
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR and Graduate Institute of International and Development Studies (IHEID)
Downloads 468 (105,668)
Citation 24

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Firm productivity, capital investment, minimum wage policy

Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy

CEPR Discussion Paper No. DP11429
Number of pages: 66 Posted: 08 Aug 2016
Harald Hau, Yi Huang and Gewei Wang
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR and Graduate Institute of International and Development Studies (IHEID)
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Firm productivity, management quality, minimum wage policy

8.

Bank Ratings: What Determines Their Quality?

Downloads 455 (110,408)
Citation 4

Bank Ratings: What Determines Their Quality?

Swiss Finance Institute Research Paper No. 12-31
Number of pages: 42 Posted: 01 Oct 2012
Harald Hau, Sam Langfield and David Marques-Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and European Central Bank (ECB)
Downloads 286 (183,219)
Citation 9

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Rating Agencies, Credit Ratings, Conflicts of Interest, Prudential Regulation

Bank Ratings: What Determines Their Quality?

ECB Working Paper No. 1484
Number of pages: 43 Posted: 22 Oct 2012
Harald Hau, Sam Langfield and David Marques-Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and European Central Bank (ECB)
Downloads 110 (424,934)
Citation 1

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rating agencies, credit ratings, conflicts of interest, prudential regulation

Bank Ratings: What Determines their Quality?

Bangor Business School Working Paper No. BBSWP/12/012
Number of pages: 42 Posted: 06 Nov 2012
Harald Hau, Sam Langfield and David Marques-Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and European Central Bank (ECB)
Downloads 59 (622,750)
Citation 6

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rating agencies, credit ratings, conflicts of interest, prudential regulation

9.

Bank Bonus Pay as a Risk Sharing Contract

Downloads 449 (112,117)
Citation 2

Bank Bonus Pay as a Risk Sharing Contract

HEC Paris Research Paper No. FIN-2018-1285
Number of pages: 69 Posted: 29 Jun 2018 Last Revised: 26 Oct 2021
Matthias Efing, Harald Hau, Patrick Kampkötter and Jean-Charles Rochet
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and Swiss Finance Institute
Downloads 312 (167,186)
Citation 1

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Bank compensation, risk sharing, bank risk, operating leverage

Bank Bonus Pay as a Risk Sharing Contract

Swiss Finance Institute Research Paper No. 18-72, Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 52 Posted: 20 Nov 2018 Last Revised: 07 Jan 2021
Matthias Efing, Harald Hau, Patrick Kampkötter and Jean-Charles Rochet
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and Swiss Finance Institute
Downloads 137 (359,698)
Citation 1

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banker compensation, risk sharing, bonus pay, operating leverage

10.

Can Time-Varying Currency Risk Hedging Explain Exchange Rates?

Swiss Finance Institute Research Paper No. 22-77
Number of pages: 67 Posted: 12 Oct 2022 Last Revised: 19 Sep 2023
Leonie Bräuer and Harald Hau
University of Geneva and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 427 (119,989)

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Exchange Rate, Hedging Channel, Institutional Investors

11.

Discriminatory Pricing of Over-the-Counter Derivatives

Downloads 386 (133,607)
Citation 31

Discriminatory Pricing of Over-the-Counter Derivatives

Swiss Finance Institute Research Paper No. 17-70
Number of pages: 63 Posted: 10 Jan 2018 Last Revised: 11 Jun 2020
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 233 (225,077)
Citation 3

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Transaction costs, OTC markets, multi-dealer platforms, relationship trading

Discriminatory Pricing of Over-the-Counter Derivatives

IMF Working Paper No. 19/100
Number of pages: 46 Posted: 14 Jun 2019
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 103 (445,824)
Citation 2

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Market interest rates, Credit default swap, Exchange markets, Interest parity, Currency swaps, Transaction costs, search frictions, information rents, RFQ platforms, RFQ, mid-price, counterparties, price adjustment, price discrimination

Discriminatory Pricing of Over-the-Counter Derivatives

ESRB: Working Paper Series No. 2017/61
Number of pages: 42 Posted: 05 Nov 2020
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 47 (693,363)

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corporate hedging, dealer spreads, information rents, RFQ platforms

Discriminatory Pricing of Over-the-Counter Derivatives

CEPR Discussion Paper No. DP12525
Number of pages: 42 Posted: 02 Jan 2018
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB), European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 3 (1,078,617)
Citation 5
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corporate hedging, Dealer spreads, information rents, RFQ platforms

12.

Global Portfolio Rebalancing and Exchange Rates

Downloads 377 (137,134)
Citation 24

Global Portfolio Rebalancing and Exchange Rates

Swiss Finance Institute Research Paper No. 18-03, Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 49 Posted: 31 Jan 2018 Last Revised: 05 Jun 2018
Nelson Camanho, Harald Hau and Hélène Rey
School of Economics and Finance, Queen Mary University of London, University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 331 (156,915)

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International equity funds, portfolio rebalancing, valuation effects, exchange rates

Global Portfolio Rebalancing and Exchange Rates

NBER Working Paper No. w24320
Number of pages: 98 Posted: 21 Feb 2018 Last Revised: 15 Jun 2023
Nelson Camanho, Harald Hau and Hélène Rey
School of Economics and Finance, Queen Mary University of London, University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 46 (699,897)
Citation 2

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Global Portfolio Rebalancing and Exchange Rates

CEPR Discussion Paper No. DP15617
Number of pages: 101 Posted: 04 Feb 2022
Nelson Camanho, Harald Hau and Hélène Rey
School of Economics and Finance, Queen Mary University of London, University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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13.

The Euro as an International Currency: Explaining Puzzling First Evidence

WBS Finance Group Research Paper No. 6
Number of pages: 34 Posted: 05 Jun 2001
Harald Hau, William P. Killeen and Michael Moore
University of Geneva - Geneva Finance Research Institute (GFRI), Setanta Asset Management and University of Warwick - Warwick Business School
Downloads 374 (138,333)
Citation 5

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Euro, bid-ask spread, liquidity, vehicle currency, foreign exchange market, microstructure, currency union, Economic and Monetary Union

14.

How Real Estate Booms Hurt Small Firms: Evidence on Investment Substitution

Downloads 367 (141,273)
Citation 4

How Real Estate Booms Hurt Small Firms: Evidence on Investment Substitution

Swiss Finance Institute Research Paper No. 18-38
Number of pages: 78 Posted: 09 May 2018 Last Revised: 10 Aug 2021
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of International Business and Economics - School of International Business and Economics
Downloads 239 (219,463)
Citation 2

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Factor price externalities, real estate booms, firm growth, financial constraints

Local Capital Scarcity and Small Firm Growth: Evidence from Real Estate Booms in China

CESifo Working Paper No. 7928
Number of pages: 69 Posted: 15 Nov 2019
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of International Business and Economics - School of International Business and Economics
Downloads 91 (484,967)
Citation 1

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factor price externalities, real estate booms, firm growth, financial constraints

How Real Estate Booms Hurt Small Firms: Evidence on Investment Substitution

Number of pages: 77 Posted: 19 Jan 2022
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of International Business and Economics - School of International Business and Economics
Downloads 37 (764,070)
Citation 1

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Factor price externalities, real estate booms, Firm growth, financial constraints

15.

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Downloads 357 (145,621)
Citation 20

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Swiss Finance Institute Research Paper No. 13-39, EFA 2013 Cambridge Meetings Paper, AFA 2014 Philadelphia Meetings Paper
Number of pages: 43 Posted: 17 Jul 2013 Last Revised: 07 Dec 2018
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 245 (214,173)
Citation 5

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Monetary Policy, Asset Price In‡ation, Risk Seeking, Taylor Rule Residuals

Asset Allocation and Monetary Policy: Evidence from the Eurozone

CESifo Working Paper Series No. 5005
Number of pages: 44 Posted: 22 Oct 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 112 (419,333)

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monetary policy, asset price inflation, risk seeking, Taylor rule residuals

Asset Allocation and Monetary Policy: Evidence from the Eurozone

CEPR Discussion Paper No. DP9581
Number of pages: 45 Posted: 13 Aug 2013
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
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Citation 2
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asset price inflation, monetary policy, risk seeking, Taylor rule residuals

16.

The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse

Downloads 344 (151,606)
Citation 47

The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse

Number of pages: 45 Posted: 25 Mar 2003
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 326 (159,538)
Citation 6

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Tobin Tax, Realized Volatility, Effective Spread, Tick Size

The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse

Number of pages: 48 Posted: 20 Jun 2003
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 18 (933,678)
Citation 4
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Tobin tax, realized volatility, effective spread, tick size

17.

Real Effects of Stock Underpricing

Downloads 341 (153,000)
Citation 52

Real Effects of Stock Underpricing

Journal of Financial Economics (JFE), (Forthcoming) , Swiss Finance Institute Research Paper No. 11-59, EFA 2012 Copenhagen Meetings Paper
Number of pages: 51 Posted: 29 Nov 2011 Last Revised: 06 Feb 2014
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 334 (155,380)

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market inefficiency, fire sales, mutual funds, investment, employment

Real Effects of Stock Underpricing

CEPR Discussion Paper No. DP8820
Number of pages: 39 Posted: 01 Mar 2012
Harald Hau and Sandy Lai
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 7 (1,046,252)
Citation 25
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employment, fire sales, investment, market inefficiency, mutual funds

18.

Information and Geography: Evidence from the German Stock Market

Number of pages: 27 Posted: 20 Oct 1999
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 330 (158,505)
Citation 8

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19.

Patent Success, Patent Holdup, and the Structure of Property Rights

Downloads 324 (161,675)
Citation 10

Patent Success, Patent Holdup, and the Structure of Property Rights

Swiss Finance Institute Research Paper No. 15-39
Number of pages: 54 Posted: 20 Sep 2015 Last Revised: 11 Jun 2020
Heng Geng, Harald Hau and Sandy Lai
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
Downloads 324 (160,603)
Citation 11

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Patents, Holdup Problems, Innovation, Institutional Ownership

Technological Progress and Ownership Structure

CEPR Discussion Paper No. DP11064
Number of pages: 57 Posted: 27 Jan 2016
Heng Geng, Harald Hau and Sandy Lai
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Hong Kong
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hold-up problems, innovation, institutional ownership, patents

20.

Global Versus Local Asset Pricing: Evidence from Arbitrage of the MSCI Index Change

Downloads 291 (180,951)
Citation 2

Global Versus Local Asset Pricing: Evidence from Arbitrage of the MSCI Index Change

Number of pages: 53 Posted: 04 Jul 2008
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 197 (263,493)
Citation 3

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Asset Pricing, Market Integration, Index Revision

Global Versus Local Asset Pricing: Evidence from Arbitrage of the MSCI Index Change

Number of pages: 52 Posted: 14 Mar 2009 Last Revised: 17 Mar 2009
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 94 (474,744)
Citation 4

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Limited arbitrage, demand shock, index revision, market segmentation

21.

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

Downloads 282 (186,859)
Citation 13

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

INSEAD Working Paper No. 2010/64/FIN, WBS Finance Group Research Paper No. 145
Number of pages: 53 Posted: 30 Aug 2010
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 179 (287,123)
Citation 3

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

WBS Finance Group Research Paper No. 117
Number of pages: 54 Posted: 14 Mar 2009
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 99 (458,414)
Citation 7

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market

CEPR Discussion Paper No. DP6969
Number of pages: 48 Posted: 02 Dec 2008
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 4 (1,071,148)
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Adverse Selection, Dealer Intermediation, Market Segmentation, Spread Determination

22.

Consumption Response to Minimum Wages: Evidence from Chinese Households

Downloads 179 (212,458)

Consumption Response to Minimum Wages: Evidence from Chinese Households

Swiss Finance Institute Research Paper No. 17-01
Number of pages: 117 Posted: 10 Jan 2017 Last Revised: 19 Jun 2023
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and CEPR
Downloads 178 (288,603)

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Minimum wages; Household consumption; China

The Consumption Response to Minimum Wages: Evidence from Chinese Households

CEPR Discussion Paper No. DP12057
Number of pages: 54 Posted: 22 May 2017
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and CEPR
Downloads 1 (1,095,497)
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Household consumption, Labor income, minimum wage, Permanent income hypothesis

23.

A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change

Downloads 245 (215,058)
Citation 1

A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change

Number of pages: 45 Posted: 27 Feb 2007
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 242 (216,828)

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Limited Arbitrage, Index Revision, Asset Pricing

A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the Msci Global Index Change

CEPR Discussion Paper No. DP6094
Number of pages: 47 Posted: 14 May 2008
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 3 (1,078,617)
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Index revisions, international equity arbitrage, portfolio theory

24.

Are CoCo Bonds a Good Substitute for Equity? Evidence from European Banks

Swiss Finance Institute Research Paper No. 18-67
Number of pages: 43 Posted: 26 Oct 2018
Harald Hau and Gabriela Hrasko
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Geneva
Downloads 239 (220,308)
Citation 1

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CoCo bond, issuance announcement, asset volatility, bank stability

25.

Dealer Intermediation between Markets

Downloads 236 (223,072)
Citation 12

Dealer Intermediation between Markets

Swiss Finance Institute Research Paper No. 12-29, WBS Finance Group Research Paper No. 192
Number of pages: 46 Posted: 04 Sep 2012
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 137 (359,698)
Citation 12

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

Dealer Intermediation between Markets

WBS Finance Group Research Paper No. 155
Number of pages: 45 Posted: 20 Mar 2011
Michael Moore, Harald Hau and Peter G. Dunne
University of Warwick - Warwick Business School, University of Geneva - Geneva Finance Research Institute (GFRI) and Central Bank of Ireland
Downloads 99 (458,414)

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

26.

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

Downloads 222 (236,524)
Citation 10

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper, Swiss Finance Institute Research Paper No. 14-55
Number of pages: 49 Posted: 06 Sep 2014 Last Revised: 10 Dec 2014
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 150 (334,412)

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Trading Income, Bank Risk, Incentive Pay, Bonus Payments

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

CESifo Working Paper Series No. 4984
Number of pages: 52 Posted: 09 Oct 2014
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 47 (693,363)

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trading income, bank risk, incentive pay, bonus payments

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks

NBER Working Paper No. w20468
Number of pages: 52 Posted: 08 Sep 2014 Last Revised: 05 Jun 2023
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
Downloads 23 (883,558)
Citation 4

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Incentive Pay and Bank Risk-Taking:Evidence from Austrian, German, and Swiss Banks

CEPR Discussion Paper No. DP10217
Number of pages: 53 Posted: 17 Nov 2014
Matthias Efing, Harald Hau, Patrick Kampkötter and Johannes Steinbrecher
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute
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Bank Risk, Bonus Payments, Incentive Pay, Trading Income

27.

Global Portfolio Rebalancing Under the Microscope

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Citation 6

Global Portfolio Rebalancing Under the Microscope

Number of pages: 43 Posted: 19 Mar 2009
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 168 (303,542)
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Capital Flows, Home Bias, Exchange Rate Risk, Portfolio Rebalancing

Global Portfolio Rebalancing Under the Microscope

NBER Working Paper No. w14165
Number of pages: 42 Posted: 16 Jul 2008 Last Revised: 16 Sep 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Global Portfolio Rebalancing Under the Microscope

CEPR Discussion Paper No. DP6901
Number of pages: 41 Posted: 20 Aug 2008
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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capital flows, home bias, International Finance

28.

Exchange Rate, Equity Prices and Capital Flows

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Citation 22

Exchange Rate, Equity Prices and Capital Flows

NBER Working Paper No. w9398
Number of pages: 47 Posted: 21 Dec 2002 Last Revised: 07 Sep 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Exchange Rate, Equity Prices and Capital Flows

Number of pages: 49 Posted: 27 Feb 2003
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Capital flows, equity flows, market incompleteness, forex hedging

29.

Do Institutional Directors Matter?

Swiss Finance Institute Research Paper No. 22-89
Number of pages: 32 Posted: 18 Nov 2022 Last Revised: 21 Feb 2023
Heng Geng, Harald Hau, Roni Michaely and Binh Nguyen
Victoria University of Wellington, University of Geneva - Geneva Finance Research Institute (GFRI), The University of Hong Kong and RMIT University Vietnam
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Institutional ownership, institutional board representation, common ownership competition policy

30.

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

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Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

WBS Finance Group Research Paper No. 35
Number of pages: 27 Posted: 06 Dec 2004
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
Downloads 160 (316,548)
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International macroeconomics, equities, exchange rates, microstructure

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

Number of pages: 30 Posted: 04 Apr 2005
Peter G. Dunne, Harald Hau and Michael Moore
Central Bank of Ireland, University of Geneva - Geneva Finance Research Institute (GFRI) and University of Warwick - Warwick Business School
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International macroeconomics, equities, exchange rates, microstructure

31.

Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

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Citation 38

Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

Number of pages: 49 Posted: 16 Mar 2006 Last Revised: 17 Mar 2009
Harald Hau, Massimo Massa and Joel Peress
University of Geneva - Geneva Finance Research Institute (GFRI), INSEAD - Finance and INSEAD - Finance
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Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

Number of pages: 33 Posted: 13 May 2005
Harald Hau, Massimo Massa and Joel Peress
University of Geneva - Geneva Finance Research Institute (GFRI), INSEAD - Finance and INSEAD - Finance
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Event study, exchange rates, global equity index funds, limits of arbitrage

32.

Can Time-Varying Currency Risk Hedging Explain Exchange Rates?

CESifo Working Paper No. 10065
Number of pages: 51 Posted: 16 Nov 2022
Leonie Bräuer and Harald Hau
University of Geneva and University of Geneva - Geneva Finance Research Institute (GFRI)
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exchange rate, hedging channel, institutional investors

33.

International Order Flows: Explaining Equity and Exchange Rate Returns

WBS Finance Group Research Paper No. 55
Number of pages: 34 Posted: 13 Mar 2006
Michael Moore, Peter G. Dunne and Harald Hau
University of Warwick - Warwick Business School, Central Bank of Ireland and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 143 (347,008)
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Market Interdependence, Heterogeneous Beliefs, Order Flow, Equity Return Parity

34.

Global Versus Local Asset Pricing: A Speculation-Based Test of Market Integration

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Global Versus Local Asset Pricing: A Speculation-Based Test of Market Integration

INSEAD Working Paper No. 2010/61/FIN
Number of pages: 65 Posted: 27 Aug 2010
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
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Global versus Local Asset Pricing: A Speculation-Based Test of Market Integration

Posted: 01 Mar 2010
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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Cost of Capital, Market Segmentation, Event Study

35.

Consumption Response to Minimum Wages: Evidence from Chinese Households

Number of pages: 69 Posted: 02 Dec 2019
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and CEPR
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household consumption, labor income, minimum wages, transfer income

36.

Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy

CESifo Working Paper Series No. 6637
Number of pages: 58 Posted: 21 Sep 2017
Harald Hau, Yi Huang and Gewei Wang
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR and Graduate Institute of International and Development Studies (IHEID)
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firm productivity, capital investment, minimum wage policy

37.

Bank Bonus Pay as a Risk Sharing Contract

CESifo Working Paper No. 7495
Number of pages: 42 Posted: 21 Feb 2019
Matthias Efing, Harald Hau, Patrick Kampkötter and Jean-Charles Rochet
affiliation not provided to SSRN, University of Geneva - Geneva Finance Research Institute (GFRI), University of Tuebingen - Department of Managerial Accounting and Swiss Finance Institute
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banker compensation, risk sharing, bonus pay, operating leverage

38.

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?

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Citation 70

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?

NBER Working Paper No. w10476
Number of pages: 19 Posted: 29 Dec 2006 Last Revised: 18 Aug 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates?

Number of pages: 21 Posted: 14 Sep 2004
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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International finance

39.

Home Bias at the Fund Level

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Citation 44

Home Bias at the Fund Level

NBER Working Paper No. w14172
Number of pages: 16 Posted: 16 Jul 2008 Last Revised: 23 Sep 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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Home Bias at the Fund Level

CEPR Discussion Paper No. DP6721
Number of pages: 17 Posted: 11 Jun 2008
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
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asset allocation, diversification, investment behaviour

40.

Exchange Rates, Equity Prices, and Capital Flows

Review of Financial Studies, Vol. 19, No. 1, pp. 273-317, 2006
Posted: 29 Feb 2008
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School

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fetus, heart rate, prenatal environment, prenatal drug exposure, cigarette smoking

41.

Real Exchange Rate Volatility and Economic Openness: Theory and Evidence

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Real Exchange Rate Volatility and Economic Openness: Theory and Evidence

Working Paper No. 2356
Posted: 04 May 2000
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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Real Exchange Rate Volatility and Economic Openness: Theory and Evidence

Posted: 24 Aug 2001
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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real effective exchange rate volatility, nontradeables, openness

42.

Privatization Under Political Interference: Evidence from Eastern Germany

European Economic Review, Vol. 42, 1998
Posted: 06 Dec 1998
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)

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