Kalhoefer, Christian; Lang, Guenter - In: Credit and Capital Markets – Kredit und Kapital 52 (2019) 2, pp. 191-212
from 1999 to 2014. We estimate cost functions with and without proxies for regulation and analyze the results with respect … lately since 2012. Most interesting, however, is the asymmetry of regulation: Whereas the cost effects were symmetric for all … increasing regulation on operating costs. In contrast, smaller banks, especially if they are cooperative banks, were facing …