Dräger, Vanessa; Heckmann-Draisbach, Lotta; Memmel, … - 2020
to interest rate risk and that they act as if they have a risk budget which they allocate either to interest rate risk or … rate risk and to credit risk are remunerated, that banks' try to stabilize the mid-term net interest margin with exposure … interest derivatives have lower impairments in their bond portfolios. In addition, we find that banks' exposures to interest …