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Economia e finanza in Germania : 1876 - 1948

Albers, Willi (contributor) - 1988

Persistent link: https://www.econbiz.de/10000882741

Banks' management of the net interest margin: Evidence from Germany

Memmel, Christoph; Schertler, Andrea - Deutsche Bundesbank - 2011

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/10009372145

Bank bailouts, interventions, and moral hazard

Dam, Lammertjan; Koetter, Michael - Deutsche Bundesbank - 2011

To test if safety nets create moral hazard in the banking industry, we develop a simultaneous structural two … probabilities on risk taking using exclusion restrictions based on regional political, supervisor, and banking market traits. The … sample includes all observed capital preservation measures and distressed exits in the German banking industry during 1995 …

Persistent link: https://www.econbiz.de/10009323135

An information economics perspective on main bank relationships and firm R&D

Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Deutsche Bundesbank - 2011

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Persistent link: https://www.econbiz.de/10009323613

Does it pay to have friends? Social ties and executive appointments in banking

Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - Deutsche Bundesbank - 2011

others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age …

Persistent link: https://www.econbiz.de/10010954916

Regulation, credit risk transfer with CDS, and bank lending

Pausch, Thilo; Welzel, Peter - Deutsche Bundesbank - 2012

We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …

Persistent link: https://www.econbiz.de/10010957144

Regulation, credit risk transfer with CDS, and bank lending

Pausch, Thilo; Welzel, Peter - Deutsche Bundesbank - 2012

We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …

Persistent link: https://www.econbiz.de/10010535443

Banking and sovereign risk in the euro area

Gerlach, Stefan; Schulz, Alexander; Wolff, Guntram B. - Deutsche Bundesbank - 2010

through its interaction with the size and structure of national banking sectors. When aggregate risk increases, countries with … large banking sectors and low equity ratios in the banking sector experience greater widening in yield spreads, suggesting …

Persistent link: https://www.econbiz.de/10008564415

The price of liquidity: bank characteristics and market conditions

Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - Deutsche Bundesbank - 2008

We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique to this paper, we also have data on individual banks' reserve requirements and actual reserve holdings, thus allowing us to gauge the extent to which a bank is short or long...

Persistent link: https://www.econbiz.de/10005083283

More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress

Gerke, Rafael; Hammermann, Felix; Lewis, Vivien - Deutsche Bundesbank - 2009

This paper investigates the optimal monetary policy response to a shock to collateral when policymakers act under discretion and face model uncertainty. The analysis is based on a New Keynesian model where banks supply loans to transaction constrained consumers. Our results confirm the...

Persistent link: https://www.econbiz.de/10005059030