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

39

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10,391

SSRN CITATIONS
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Top 1,475

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246

CROSSREF CITATIONS

592

Scholarly Papers (39)

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1.

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

Downloads 1,258 ( 23,086)
Citation 13

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 1,101 (27,656)
Citation 1

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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 157 (260,992)
Citation 16

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Governance, Supervisory Boards, Banking, Financial Crisis

2.

The Role of Equity Funds in the Financial Crisis Propagation

Downloads 677 ( 54,742)
Citation 17

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 676 (54,136)
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
Downloads 1 (931,525)
Citation 4
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Financial Crisis Propagation, Fire Sales, Mutual Funds

3.

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Downloads 581 ( 66,493)
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 452 (89,640)

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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 126 (310,336)
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)
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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 500 ( 80,215)
Citation 22

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 416 (98,721)
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 83 (410,763)
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 (931,525)
Citation 2
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conflicts of interest, credit ratings, ratings inflation, structured debt

5.

FinTech Credit and Entrepreneurial Growth

Swiss Finance Institute Research Paper No. 21-47
Number of pages: 59 Posted: 09 Aug 2021
Harald Hau, Yi Huang, Hongzhe Shan and Zixia Sheng
University of Geneva - Geneva Finance Research Institute (GFRI), Graduate Institute of International and CEPR, Swiss Finance Institute, Swiss Finance Institute, Students and New Hope Financial Services
Downloads 488 (82,547)

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FinTech, credit constraints, micro credit, entrepreneurship

6.

Bank Ratings: What Determines Their Quality?

Downloads 410 (101,274)
Citation 6

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 266 (160,594)
Citation 4

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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 99 (367,775)
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 45 (558,437)
Citation 6

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

7.

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

Downloads 392 (106,638)
Citation 6

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 392 (105,784)
Citation 7

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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 Bonus Pay as a Risk Sharing Contract

Downloads 359 (117,761)
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 244 (174,925)
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 115 (331,672)
Citation 1

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banker compensation, risk sharing, bonus pay, operating leverage

9.

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 348 (121,859)
Citation 3

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

10.

Global Portfolio Rebalancing and Exchange Rates

Downloads 326 (130,756)
Citation 4

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 293 (145,409)

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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 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
Downloads 33 (626,660)
Citation 4

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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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11.

Does Board Overlap Promote Coordination Between Firms?

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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: 60 Posted: 30 Nov 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 172 (241,476)

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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 117 (327,628)

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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 36 (608,000)

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Board interlock, corporate opportunity waivers, firm coordination

12.

Asset Allocation and Monetary Policy: Evidence from the Eurozone

Downloads 319 (133,678)
Citation 10

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 223 (190,839)
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 96 (375,041)

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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

13.

Real Effects of Stock Underpricing

Downloads 318 (134,103)
Citation 33

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 311 (136,612)

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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 (852,365)
Citation 6
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employment, fire sales, investment, market inefficiency, mutual funds

14.

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

Downloads 315 (135,455)
Citation 43

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 297 (143,377)
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 (742,300)
Citation 4
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Tobin tax, realized volatility, effective spread, tick size

15.

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 314 (135,930)
Citation 9

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16.

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

Downloads 294 (145,603)
Citation 3

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 210 (202,072)
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 69 (456,452)
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 15 (769,893)

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

17.

Discriminatory Pricing of Over-the-Counter Derivatives

Downloads 287 (149,406)
Citation 7

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 194 (217,414)
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 62 (482,534)
Citation 1

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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 28 (660,743)

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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 (900,127)
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corporate hedging, Dealer spreads, information rents, RFQ platforms

18.

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

Downloads 264 (163,085)
Citation 8

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 264 (162,470)
Citation 10

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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

19.

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

Downloads 262 (163,724)
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 180 (232,119)
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 82 (413,753)
Citation 4

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Limited arbitrage, demand shock, index revision, market segmentation

20.

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

Downloads 240 (178,356)
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 153 (266,516)
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 83 (410,763)
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 (887,028)
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Adverse Selection, Dealer Intermediation, Market Segmentation, Spread Determination

21.

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

Downloads 235 (181,946)
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 232 (183,707)

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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 (900,127)
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Index revisions, international equity arbitrage, portfolio theory

22.

Global Portfolio Rebalancing Under the Microscope

Downloads 198 (213,475)
Citation 5

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 159 (258,298)
Citation 4

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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: 17 Mar 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 36 (608,000)

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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 (900,127)
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capital flows, home bias, International Finance

23.

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 197 (214,468)
Citation 1

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CoCo bond, issuance announcement, asset volatility, bank stability

24.

Consumption Response to Minimum Wages: Evidence from Chinese Households

Downloads 141 (224,500)

Consumption Response to Minimum Wages: Evidence from Chinese Households

Swiss Finance Institute Research Paper No. 17-01
Number of pages: 67 Posted: 10 Jan 2017 Last Revised: 26 Jan 2022
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 141 (284,677)

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

25.

Dealer Intermediation between Markets

Downloads 179 (233,101)
Citation 8

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 117 (327,628)
Citation 9

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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 62 (482,534)

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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 178 (234,265)
Citation 12

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 133 (297,861)

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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 33 (626,660)

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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: 27 Feb 2022
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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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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Citation 3
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Bank Risk, Bonus Payments, Incentive Pay, Trading Income

27.

Exchange Rate, Equity Prices and Capital Flows

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Citation 17

Exchange Rate, Equity Prices and Capital Flows

NBER Working Paper No. w9398
Number of pages: 47 Posted: 21 Dec 2002 Last Revised: 07 Mar 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 141 (284,677)
Citation 1

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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
Downloads 28 (660,743)
Citation 1
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Capital flows, equity flows, market incompleteness, forex hedging

28.

Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns

Downloads 168 (245,970)
Citation 3

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 143 (281,541)
Citation 5

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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

29.

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

Downloads 149 (271,565)
Citation 21

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 132 (299,604)
Citation 18

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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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Citation 2
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Event study, exchange rates, global equity index funds, limits of arbitrage

30.

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 127 (307,245)
Citation 1

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

31.

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

Downloads 88 (392,771)

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)
Downloads 88 (396,387)
Citation 2

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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

32.

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

33.

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

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Citation 58

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: 16 Feb 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 47 (548,322)
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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
Downloads 19 (733,493)
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International finance

34.

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
Downloads 53 (511,545)

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household consumption, labor income, minimum wages, transfer income

35.

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

36.

Home Bias at the Fund Level

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Citation 35

Home Bias at the Fund Level

NBER Working Paper No. w14172
Number of pages: 16 Posted: 16 Jul 2008 Last Revised: 24 Mar 2022
Harald Hau and Hélène Rey
University of Geneva - Geneva Finance Research Institute (GFRI) and London Business School
Downloads 38 (596,198)
Citation 3

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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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Citation 4
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asset allocation, diversification, investment behaviour

37.

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

38.

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

39.

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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