Harald Hau

University of Geneva - Geneva Finance Research Institute (GFRI)

Prof. Harald Hau, PhD

40 Boulevard du Pont d'Arve

Geneva 4, 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

38

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CITATIONS
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Top 2,374

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324

Scholarly Papers (38)

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1.

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

Downloads 1,197 ( 16,395)
Citation 8

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 1,052 (19,517)

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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 145 (200,180)
Citation 8

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Governance, Supervisory Boards, Banking, Financial Crisis

2.

The Role of Equity Funds in the Financial Crisis Propagation

Downloads 622 ( 41,537)
Citation 13

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 621 (41,036)
Citation 5

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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
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Financial Crisis Propagation, Fire Sales, Mutual Funds

3.

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Downloads 556 ( 48,105)
Citation 4

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 432 (65,196)

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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 121 (231,141)
Citation 3

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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 (654,630)
Citation 1
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Cospectrum, Limited Arbitrage, Multi-Currency Risk Hedging, Spectral Inference, Speculative Trading

4.

Structured Debt Ratings: Evidence on Conflicts of Interest

Downloads 449 ( 62,888)
Citation 18

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 379 (76,212)
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 69 (333,681)

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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 (680,308)
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conflicts of interest, credit ratings, ratings inflation, structured debt

5.

Bank Ratings: What Determines Their Quality?

Downloads 380 ( 76,665)
Citation 10

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 253 (119,420)
Citation 3

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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 87 (290,539)

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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 39 (434,921)
Citation 3

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

Bank Ratings: What Determines Their Quality?

Economic Policy, Vol. 28, Issue 74, pp. 289-333, 2013
Number of pages: 45 Posted: 13 Apr 2013
Harald Hau, Sam Langfield and David Marques‐Ibanez
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank and Swiss Finance Institute and CEPR
Downloads 1 (680,308)
Citation 1
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6.

The Euro as an International Currency: Explaining Puzzling First Evidence

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 338 (87,782)
Citation 2

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

7.

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 304 (98,648)
Citation 4

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8.

Real Effects of Stock Underpricing

Downloads 290 (103,894)
Citation 27

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 284 (105,650)

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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 6 (630,875)
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employment, fire sales, investment, market inefficiency, mutual funds

9.

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

Downloads 283 (106,605)
Citation 42

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 265 (113,704)
Citation 5

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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

CEPR Discussion Paper No. 3651
Number of pages: 48 Posted: 20 Jun 2003
Harald Hau
University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 18 (549,482)
Citation 2
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Tobin tax, realized volatility, effective spread, tick size

10.

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Downloads 281 (107,411)
Citation 5

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 189 (158,846)
Citation 1

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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 92 (280,227)

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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 1
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asset price inflation, monetary policy, risk seeking, Taylor rule residuals

11.

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

Downloads 225 (134,861)

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 222 (136,220)

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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 (654,630)
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Index revisions, international equity arbitrage, portfolio theory

12.

Global Portfolio Rebalancing and Exchange Rates

Downloads 223 (136,017)
Citation 1

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 204 (147,839)

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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: 48 Posted: 21 Feb 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 19 (543,040)
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13.

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

Downloads 222 (136,616)

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 Development Studies and Graduate Institute of International and Development Studies (IHEID)
Downloads 222 (136,220)

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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 Development Studies and Graduate Institute of International and Development Studies (IHEID)
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Firm productivity, management quality, minimum wage policy

14.

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

Downloads 222 (136,616)
Citation 3

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 148 (196,832)
Citation 2

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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 74 (320,671)
Citation 3

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Limited arbitrage, demand shock, index revision, market segmentation

15.

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

Downloads 202 (149,391)
Citation 13

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

INSEAD Working Paper No. 2010/64/FIN
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 121 (231,141)
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

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 77 (313,267)
Citation 6

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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
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Adverse Selection, Dealer Intermediation, Market Segmentation, Spread Determination

16.

Global Portfolio Rebalancing Under the Microscope

Downloads 182 (164,441)
Citation 3

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 151 (193,570)
Citation 1

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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 2010
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 28 (487,510)

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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
Downloads 3 (654,630)
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capital flows, home bias, International Finance

17.

Technological Progress and Ownership Structure

Downloads 173 (172,032)
Citation 6

Technological Progress and Ownership Structure

Swiss Finance Institute Research Paper No. 15-39
Number of pages: 55 Posted: 20 Sep 2015
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 173 (172,104)
Citation 6

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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

18.

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

Downloads 163 (181,064)
Citation 3

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

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 138 (208,344)
Citation 4

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International macroeconomics, equities, exchange rates, microstructure

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

CEPR Discussion Paper No. 4806
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
Downloads 25 (505,048)
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International macroeconomics, equities, exchange rates, microstructure

19.

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

Downloads 159 (184,958)
Citation 8

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 123 (228,208)

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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 27 (493,136)

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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: 19 Sep 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 8 (616,700)
Citation 1

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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
Downloads 1 (680,308)
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Bank Risk, Bonus Payments, Incentive Pay, Trading Income

20.

Dealer Intermediation between Markets

Downloads 158 (186,011)
Citation 3

Dealer Intermediation between Markets

Swiss Finance Institute Research Paper No. 12-29
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 103 (259,800)
Citation 3

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

Dealer Intermediation between Markets

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 55 (375,459)

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Dealer Intermediation, Spread Determination, Adverse Selection, Market Segmentation

21.

Bank Bonus Pay as a Risk Sharing Contract

Downloads 155 (189,002)
Citation 1

Bank Bonus Pay as a Risk Sharing Contract

HEC Paris Research Paper No. FIN-2018-1285
Number of pages: 39 Posted: 29 Jun 2018 Last Revised: 19 Nov 2018
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 GFRI, University of Geneva
Downloads 108 (251,184)

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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
Number of pages: 41 Posted: 20 Nov 2018 Last Revised: 27 Nov 2018
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 GFRI, University of Geneva
Downloads 47 (403,281)
Citation 1

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banker compensation, risk sharing, bonus pay, operating leverage

22.

The Consumption Response to Minimum Wages: Evidence from Chinese Households

Downloads 150 (194,242)

The Consumption Response to Minimum Wages: Evidence from Chinese Households

Swiss Finance Institute Research Paper No. 17-01
Number of pages: 51 Posted: 10 Jan 2017 Last Revised: 08 May 2018
Ernest Dautović, Harald Hau and Yi Huang
European Central Bank, University of Geneva - Geneva Finance Research Institute (GFRI) and Graduate Institute of International and Development Studies
Downloads 123 (228,208)

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Minimum wages; Labor income; Household consumption; Permanent income hypothesis

The Consumption Response to Minimum Wages: Evidence from Chinese Households

Number of pages: 53 Posted: 27 Nov 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 Development Studies
Downloads 27 (493,136)

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Minimum wages; Labor income; Household consumption; Permanent income hypothesis

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 Development Studies
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Household consumption, Labor income, minimum wage, Permanent income hypothesis

23.

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

Downloads 139 (206,595)
Citation 18

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
Downloads 122 (229,688)
Citation 11

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

CEPR Discussion Paper No. 4862
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
Downloads 17 (555,981)
Citation 1
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Event study, exchange rates, global equity index funds, limits of arbitrage

24.

Discriminatory Pricing of Over-the-Counter Derivatives

Downloads 131 (216,733)
Citation 5

Discriminatory Pricing of Over-the-Counter Derivatives

Swiss Finance Institute Research Paper No. 17-70
Number of pages: 41 Posted: 10 Jan 2018
Harald Hau, Peter Hoffmann, Sam Langfield and Yannick Timmer
University of Geneva - Geneva Finance Research Institute (GFRI), European Central Bank (ECB) - Directorate General Research, European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 115 (240,126)
Citation 4

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Dealer spreads, information rents, RFQ platforms, corporate hedging

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) - Directorate General Research, European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 14 (575,676)

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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

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) - Directorate General Research, European Central Bank and International Monetary Fund (IMF) - Research Department
Downloads 2 (665,816)
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corporate hedging, Dealer spreads, information rents, RFQ platforms

25.

Exchange Rate, Equity Prices and Capital Flows

Downloads 130 (217,996)
Citation 17

Exchange Rate, Equity Prices and Capital Flows

NBER Working Paper No. w9398
Number of pages: 47 Posted: 21 Dec 2002 Last Revised: 31 Oct 2010
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 102 (261,593)
Citation 1

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Exchange Rate, Equity Prices and Capital Flows

CEPR Discussion Paper No. 3735
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
Downloads 28 (487,510)
Citation 1
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Capital flows, equity flows, market incompleteness, forex hedging

26.

Capital Scarcity and Industrial Decline: Evidence from 172 Real Estate Booms in China

Swiss Finance Institute Research Paper No. 18-38
Number of pages: 57 Posted: 09 May 2018 Last Revised: 11 Oct 2018
Harald Hau and Difei Ouyang
University of Geneva - Geneva Finance Research Institute (GFRI) and University of Geneva - Geneva School of Economics and Management
Downloads 117 (235,988)

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Factor price externalities, reverse Balassa-Samuelson-effect, firm growth

27.

International Order Flows: Explaining Equity and Exchange Rate Returns

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 117 (235,988)

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Market Interdependence, Heterogeneous Beliefs, Order Flow, Equity Return Parity

28.

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
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CoCo bond, issuance announcement, asset volatility, bank stability

29.

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

30.

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

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Citation 53

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 2010
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 45 (410,825)
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Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates?

CEPR Discussion Paper No. 4517
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

31.

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 Development Studies and Graduate Institute of International and Development Studies (IHEID)
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firm productivity, capital investment, minimum wage policy

32.

Home Bias at the Fund Level

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Citation 31

Home Bias at the Fund Level

NBER Working Paper No. w14172
Number of pages: 16 Posted: 16 Jul 2008 Last Revised: 23 Sep 2010
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

33.

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 GFRI, University of Geneva
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banker compensation, risk sharing, bonus pay, operating leverage

34.

How Has the Euro Changed the Foreign Exchange Market?

Economic Policy, Vol. 17, pp. 149-191, 2002
Number of pages: 43 Posted: 22 Nov 2002
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
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35.

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

Economic Policy, Vol. 24, Issue 60, pp. 701-752, October 2009
Number of pages: 52 Posted: 08 Oct 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
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36.

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

37.

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

Forthcoming in Journal of Money, Credit and Banking
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

38.

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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