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Developments in risk-transfer instruments and risk management techniques in the last two decades have fundamentally changed how banks manage their assets and liabilities. In this document we show that, for all three sectors of German universal banks (private commercial banks, savings banks, and...
Persistent link: https://www.econbiz.de/10003891984
Persistent link: https://www.econbiz.de/10009665579
We decompose the change in banks' net interest margin into a change in market-wide bank rates and a change in the balance-sheet composition. Our empirical findings from a detailed data set on German banks' balance-sheet positions, broken down into different maturities, creditors and borrowers...
Persistent link: https://www.econbiz.de/10012989223
Developments in risk-transfer instruments and risk management techniques in the last two decades have fundamentally changed how banks manage their assets and liabilities. In this document we show that, for all three sectors of German universal banks (private commercial banks, savings banks, and...
Persistent link: https://www.econbiz.de/10012989253
Persistent link: https://www.econbiz.de/10001795845
This book offers a new explanation why venture capital in investments differ substantially between countries. Recent literature has attributed these differences to differences in the financial architecture and tax regulations. By contrast, this book shows by using simulations of a general...
Persistent link: https://www.econbiz.de/10001835651
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Persistent link: https://www.econbiz.de/10011634803
We use a unique dataset of German banks’ exposure to interest rate risk to derive the following statements about their exposure to this risk and their earnings from term transformation. The systematic factor for the exposure to interest rate risk moves in sync with the shape of the term...
Persistent link: https://www.econbiz.de/10008657143
Persistent link: https://www.econbiz.de/10009244330