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The German potable water supply industry is regarded highly fragmented, thus preventing efficiency improvements that … of 364 German water utilities in 2006, applying Data Envelopment Analysis, to analyze the potential efficiency gains from … hypothetical mergers between water utilities at the county level. A conditional efficiency framework is applied to account for the …
Persistent link: https://www.econbiz.de/10011520267
Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A higher premium suggests less substitutability of sovereign...
Persistent link: https://www.econbiz.de/10012858387
Persistent link: https://www.econbiz.de/10012989322
We analyze the inward and outward transmission of regulatory changes through German banks' (international) loan portfolio. Overall, our results provide evidence for international spillovers of prudential instruments, these spillovers are however quite heterogeneous between types of banks and can...
Persistent link: https://www.econbiz.de/10012981901
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...
Persistent link: https://www.econbiz.de/10003923511
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...
Persistent link: https://www.econbiz.de/10013095225
We analyze the inward and outward transmission of regulatory changes through German banks' (international) loan portfolio. Overall, our results provide evidence for international spillovers of prudential instruments, these spillovers are however quite heterogeneous between types of banks and can...
Persistent link: https://www.econbiz.de/10011518213
Motivated by the recent increase in bank mergers, this paper examines the performance of German cooperative banks that merged between 2014 and 2019. We are particularly interested in whether elevated merger rates are due to bank inefficiencies or to challenging policy measures such as...
Persistent link: https://www.econbiz.de/10015460239
As part of the completion of the European Banking Union, the decision on the organization of institutional and deposit protection is still pending. The mere linking of these two objectives, which are by no means necessarily identical in terms of content, has recently led to heated controversy....
Persistent link: https://www.econbiz.de/10015393718
In this paper we review the main findings on competition and efficiency for the German banking sector. Our aim is to … by monopolistic competition and moderate cost efficiency. Competition and efficiency seem to be positively related … changes of the banking system, potentially with consequences for competition and efficiency. …
Persistent link: https://www.econbiz.de/10010377872