I tried to contribute to both fields with some – but overall quite modest – success (in particular in my own country) but I remain determined and optimistic also in my new function. Whereas CESEE pensioners are staying in their countries, people of working age are emigrating.
Premia were no longer based on the creditworthiness of borrowers, which was admittedly shaky for reasons already mentioned, but rather could only be explained by the manifestation of expectations regarding the end of the euro. Risk premia and non-standard measures But what are risk premia?