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Financial Liberalization and Business Cycles: The Experience of Countries in the Baltics and Central Eastern Europe
Vinhas de Souza, Lúcio - Deutsche Bundesbank - 2004
This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of ?emerging...
Persistent link: https://www.econbiz.de/10005083257
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The determinants of cross-border bank flows to emerging markets: New empirical evidence on the spread of financial crises
Herrmann, Sabine; Mihaljek, Dubravko - Deutsche Bundesbank - 2010
This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on cross-border bank flows from 17 advanced to 28...
Persistent link: https://www.econbiz.de/10008534150
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German bank lending during emerging market crises: A bank level analysis
Heid, Frank; Nestmann, Thorsten; Mauro, di; Weder, Beatrice - Deutsche Bundesbank - 2004
This paper studies German bank lending during the Asian and Russian crises, using a bank level data set, which has been compiled from credit data at the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We...
Persistent link: https://www.econbiz.de/10005082775
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Current account adjustment in EU countries: Does euro-area membership make a difference?
Herrmann, Sabine; Jochem, Axel - Deutsche Bundesbank - 2013
The paper evaluates current account dynamics in countries with different exchange rate regimes within the EU. In this, the empirical analysis explicitly differentiates between countries with a flexible and a fixed exchange rate regime and members of a monetary union. In addition, we model the...
Persistent link: https://www.econbiz.de/10010957101
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How will Basel II affect bank lending to emerging markets? An analysis based on German bank level data
Liebig, Thilo; Porath, Daniel; Mauro, di; Weder, Beatrice; … - Deutsche Bundesbank - 2004
This paper investigates whether the new Basel Accord will induce a change in bank lending to emerging markets using a comprehensive new data set on German banks` foreign exposure. We test two interlinked hypotheses on the conditions under which the change in the regulatory capital would leave...
Persistent link: https://www.econbiz.de/10005082811
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Price convergence in the EMU? Evidence from micro data
Fischer, Christoph - Deutsche Bundesbank - 2009
The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on...
Persistent link: https://www.econbiz.de/10005083152
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Credit contagion between financial systems
Podlich, Natalia; Wedow, Michael - Deutsche Bundesbank - 2011
We examine contagion from a number of financial systems to the German financial system using the information content of … evidence for contagion from the US and European financial systems. Our results additionally confirm that the set up of the … financial rescue scheme in Germany partially shielded German banks but not insurance companies from contagion. Overall, our …
Persistent link: https://www.econbiz.de/10010954915
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Contagion in the interbank market and its determinants
Memmel, Christoph; Sachs, Angelika - Deutsche Bundesbank - 2011
Carrying out interbank contagion simulations for the German banking sector for the period from the first quarter of … interbank contagion over time. (ii) The loss distribution for each point in time can be condensed into one indicator, the …
Persistent link: https://www.econbiz.de/10010954917
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Estimating Bilateral Exposures in the German Interbank Market: Is there a Danger of Contagion?
Upper, Christian; Worms, Andreas - Deutsche Bundesbank - 2002
contagion depends on the precise pattern of interbank linkages. We use balance sheet information to estimate the matrix of … contagion. We find that the financial safety net (institutional guarantees for saving banks and cooperative banks) considerably … reduces – but does not eliminate – the danger of contagion. Even so, the failure of a single bank could lead to the breakdown …
Persistent link: https://www.econbiz.de/10005083183
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The effect of the interbank network structure on contagion and common shocks
Georg, Co-Pierre - Deutsche Bundesbank - 2011
more stable than random networks. Systemic risk via contagion is compared to common shocks and it is shown that both forms …
Persistent link: https://www.econbiz.de/10009372146