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Mutual funds' exposure to corporate bonds has brought concerns about risks arising from liquidity transformation back to the fore. With a focus on fund asset liquidity and investors, this paper explores the flow-performance relationship and the liquidity management of funds in the presence of...
Persistent link: https://www.econbiz.de/10012268205
According to economic theory, the price of parking must vary with the demand for this good. We study the economic consequences of not doing so by estimating the employees' parking demand at one organisation, which, rather uniquely, follows this recommendation. We estimate the effect of the...
Persistent link: https://www.econbiz.de/10011508666
The growing popularity of fintechs has led the Financial Stability Board (FSB) to publish considerations about the effects of this emerging industry on stability and efficiency in the financial sector. Against this background, this paper compares the effects of competition and collaboration...
Persistent link: https://www.econbiz.de/10012419125
Persistent link: https://www.econbiz.de/10011570425
Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in … den Fokus. Der vorliegende Forschungsbericht widmet sich zwei bislang wenig untersuchten Aspekten der Corporate Governance … researchers and regulators. Since poor bank governance is seen as a major cause of the recent crisis, a deeper understanding is …
Persistent link: https://www.econbiz.de/10011742813
This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available and contrast the results to weaker forms of bank...
Persistent link: https://www.econbiz.de/10010339963
The industrial organization approach to banking is extended to analyze the effects of interbank market activity and regulatory liquidity requirements on bank behavior. A multi-stage decision situation allows for considering the interaction between credit risk and liquidity risk of banks. This...
Persistent link: https://www.econbiz.de/10010344667
Persistent link: https://www.econbiz.de/10000561141