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The Good, the Bad, and the Ugly : Impact of Negative Interest Rates and QE on the Profitability and Risk-Taking of 1600 German Banks
Florian, Urbschat - 2019
The recent negative interest rate policy (NIRP) and quantitative easing (QE) programme by the ECB have raised concerns about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making an expansionary monetary policy contractionary....
Persistent link: https://www.econbiz.de/10012892229
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Are Bigger Banks Better? Firm-Level Evidence from Germany
Huber, Kilian - 2021
quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship …
Persistent link: https://www.econbiz.de/10013314846
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Customs Compliance and the Power of Imagination
Konrad, Kai A. - 2012
This paper studies the role of beliefs about own performance or appearance for compliance at the customs. In an experiment in which underreporting has a higher expected payoff than truthful reporting we find: a large share, about 15-20 percent of the subjects, is more compliant if they have...
Persistent link: https://www.econbiz.de/10013111992
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Identification of segments of European banks with a latent class frontier model
Barros, Carlos Pestana; Caporale, Guglielmo Maria; … - 2007
This paper analyses technical efficiency of European banks over the period 1996-2003 with unbalanced panel data techniques. A latent class frontier model is used which allows the identification of different segments in the production frontier. We find that there are three statistically...
Persistent link: https://www.econbiz.de/10010264221
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Market structure and the cost of capital
Arouri, Mohamed El Hedi; Rault, Christophe; Sova, Robert; … - 2013
We contribute to the finance literature in two main ways. First, we present a theoretical capital asset pricing model (CAPM) to price assets in different market structures. Second, we use our model to analyze whether when markets are partially segmented using the local or the global CAPM yields...
Persistent link: https://www.econbiz.de/10010291538
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Market segmentation in two-sided markets: TV rights for Premier League
Kind, Hans Jarle; Sørgard, Lars - 2013
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...
Persistent link: https://www.econbiz.de/10010291542
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Price discovery and trade fragmentation in a multi-market environment: Evidence from the MTS system
Caporale, Guglielmo Maria; Girardi, Alessandro - 2011
This paper proposes new metrics for the process of price discovery on the main electronic trading platform for euro-denominated government securities. Analysing price data on daily transactions for 107 bonds over a period of twenty-seven months, we find a greater degree of price leadership of...
Persistent link: https://www.econbiz.de/10010277369
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Integrated Versus Segmented Markets : Implications for Export Pricing and Welfare
Becker, Raphael; Nigai, Sergey; Seidel, Tobias - 2021
This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...
Persistent link: https://www.econbiz.de/10013315233
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Breites Maßnahmenpaket zum Klimaschutz kann Kosten der Emissionsminderung in Deutschland deutlich verringern
Kemfert, Claudia; Traber, Thure; Truong, Truong P. - In: DIW Wochenbericht 74 (2007) 18, pp. 303-307
senken. Sollte es Deutschland gelingen, eine faire Lastenverteilung auf die europäischen Länder zu erwirken, welche den …. Sollte es eine faire Lastenverteilung geben und sollte Deutschland alle Energieeffizienzpotentiale ausschöpfen, würden sich …,9 Mrd. Euro pro Jahr belaufen. Dabei würde Deutschland seine Emissionen gegenüber 1990 um 31 % vermindern. Sollte keine …
Persistent link: https://www.econbiz.de/10011601725
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Deutschland ein Auswanderungsland?
Erlinghagen, Marcel; Stegmann, Tim; Wagner, Gert G. - In: DIW Wochenbericht 76 (2009) 39, pp. 663-669
Pro Jahr verlassen 0,8 Prozent der Bevölkerung Deutschland, das sind etwa 650 000 Personen. Das Medienecho auf diese …
Persistent link: https://www.econbiz.de/10011602064