This paper studies German bank lending during the Asian and Russian crises, using a bank level data set from the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We find that German banks reacted to the...

Dieser Artikel untersucht die Kreditvergabe von Banken in Zeiten erhöhter Risikoaversion. Wir untersuchen die Reaktionen deutscher Banken während der Asien- und der Russlandkrise unter Verwendung von Einzelbankdaten der Deutschen Bundesbank. Eine Untersuchung dieser Frage kann Aufschluss...

Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that public export credit guarantees mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity model, where we explicitly...

This paper shows that the substantial disparity in German bank lending towards industrial and non-industrial (Non-IC) countries is largely explained by differences in countries' endowments and only to a minor extent by German banks' different treatment of these country groups. This is...

In this paper, we investigate the claim that German banks are special compared to banks in other industrialised economies. We show that banks are of particular importance to the German economy - as financial intermediary, as lender to the corporate sector, and as part of the corporate governance...