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Many a little makes a mickle : macro portfolio stress test for small and medium-sized German banks

Busch, Ramona; Koziol, Philipp; Mitrovic, Marc - 2015

We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...

Persistent link: https://www.econbiz.de/10011308474

Market discipline across bank governance models : empirical evidence from German depositors

Arnold, Eva; Größl, Ingrid; Koziol, Philipp - 2015

German savers are renowned for preferring safe, long-term investments, thus providing patient capital, with bank deposits playing an important role. Using a comprehensive data set for the German banking sector, we examine whether German depositors are really that patient, abstaining from any...

Persistent link: https://www.econbiz.de/10011285397

A network analysis of the evolution of the German interbank market

Roukny, Tarik; Georg, Co-Pierre; Battiston, Stefano - 2014

-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the …

Persistent link: https://www.econbiz.de/10010405454

The real effects of bank distress : evidence from bank bailouts in Germany

Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019

How does bank distress impact their customers' probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times of distress and crisis, featuring the different...

Persistent link: https://www.econbiz.de/10012108717

Die Gründungsdynamik in technologieorientierten Industrien : eine Analyse der IAB-Beschäftigtenstatistik

Nerlinger, Eric A. - 1995

During the last years more and more discussions came up about the contribution of technology-oriented and technology-intensive industries for the economic development and employment. One reason for these contradictory evaluations of technology-intensive industries can be attributed to different...

Persistent link: https://www.econbiz.de/10011620522

Growth and exit of West German firms : an empirical investigation on the impact of liability statutes

Harhoff, Dietmar; Stahl, Konrad; Woywode, Michael J. - 1995

In this paper we discuss determinants of firm survival and growth in Germany within its pre-1989 boundaries. We develop our central hypotheses on the basis of a simple theoretical model describing the self-selection of heterogeneous entrepreneurs into particular legal forms, and the implications...

Persistent link: https://www.econbiz.de/10011622932

Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"

Fossen, Frank M. - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...

Persistent link: https://www.econbiz.de/10009008042

Growth and exit of West German firms : an empirical investigation on the impact of liability statutes

Harhoff, Dietmar - 1995

Persistent link: https://www.econbiz.de/10014459913

Liquidity in the German corporate bond market : has the CSPP made a difference?

Boneva, Lena; Islami, Mevlud; Schlepper, Kathi - 2021

Purchase Programme (CSPP). Did these purchases lead to a deterioration of liquidity conditions in the corporate bond market … Bundesbank's detailed CSPP purchase records with a range of liquidity indicators for both purchased and nonpurchased bonds. We … find that while the flow of purchases supported secondary market liquidity, liquidity conditions deteriorated in the long …

Persistent link: https://www.econbiz.de/10012489578

Scarcity effects of QE : a transaction-level analysis in the Bund market

Schlepper, Kathi; Riordan, Ryan; Hofer, Heiko; … - 2017

impact on liquidity conditions as measured by bid-ask spreads and inter-dealer order book depth. We further show that the …

Persistent link: https://www.econbiz.de/10011632212