Memmel, Christoph; Schertler, Andrea - In: Financial Markets and Portfolio Management 27 (2013) 3, pp. 275-297
We decompose the change in banks’ net interest margin into a change in market-wide bank rates and a change in balance-sheet …) Changes in market-wide bank rates have a much higher explanatory power for net interest margins than changes in balance-sheet … composition. The usefulness of this decomposition is illustrated for a detailed data set of German bank balance sheets, broken …