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The implications of latent technology regimes for competition and efficiency in banking
Koetter, Michael; Poghosyan, Tigran - 2008
specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …
Persistent link: https://www.econbiz.de/10010295952
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The quiet life hypothesis in banking: Evidence from German savings banks
Koetter, Michael; Vins, Oliver - 2008
cost savings. We suggest a united approach to measure competition and efficiency simultaneously to test this hypothesis. We … estimate bank-specific Lerner indices as measures of competition and test if cost and profit efficiency are negatively related …
Persistent link: https://www.econbiz.de/10010271346
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Recovery determinants of distressed banks: Regulators, market discipline, or the environment?
Kick, Thomas; Koetter, Michael; Poghosyan, Tigran - 2010
Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant....
Persistent link: https://www.econbiz.de/10010300361
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Bank bailouts, interventions, and moral hazard
Dam, Lammertjan; Koetter, Michael - 2011
To test if safety nets create moral hazard in the banking industry, we develop a simultaneous structural two-equations model that specifies the probability of a bailout and banks' risk taking.We identify the effect of expected bailout probabilities on risk taking using exclusion restrictions...
Persistent link: https://www.econbiz.de/10010306612
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Drehtüren in den Vorstandsetagen der Finanzaufsicht: Sind Banker oder Bürokraten die besseren Aufseher?
Koetter, Michael; Nietzold, Noel - In: Wirtschaft im Wandel 30 (2024) 2, pp. 29-32
Der "umgekehrte Drehtüreffekt" beschreibt das Phänomen, wenn ehemalige Bankerinnen und Banker Vorstandspositionen in nationalen Aufsichtsbehörden (National Supervisory Agency, NSA) bekleiden. Ein neu erhobener Datensatz zeigt, dass etwa ein Drittel der Vorstandsmitglieder in europäischen NSA...
Persistent link: https://www.econbiz.de/10014583759
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Structures and Trends in German Banking
Koetter, Michael; Nestmann, Thorsten; Stolz, Stéphanie; … - 2004
In this paper, we investigate the claim that German banks are special compared to banks in other industrialised economies. We show that banks are of particular importance to the German economy?as financial intermediary, as lender to the corporate sector, and as part of the corporate governance...
Persistent link: https://www.econbiz.de/10010260503
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The reverse revolving door in the supervision of European banks
Colonnello, Stefano; Koetter, Michael; Sclip, Alex; … - 2023
We show that around one third of executive directors on the boards of national supervisory authorities (NSA) in European banking have an employment history in the financial industry. The appointment of executives without a finance background associates with negative valuation effects....
Persistent link: https://www.econbiz.de/10014456429
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Competition and innovation: An inverted u relationship
Aghion, Philippe; Bloom, Nicholas; Blundell, Richard; … - 2002
This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian … engage in R&D activities. In this model, competition may increase the incremental profit from innovating; on the other hand …, competition may also reduce innovation incentives for laggards. This model generates four main predictions which we test …
Persistent link: https://www.econbiz.de/10010292944
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Bank bailouts and competition - Did TARP distort competition among sound banks?
Koetter, Michael; Noth, Felix - 2015
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking …
Persistent link: https://www.econbiz.de/10011605849
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Inside asset purchase programs: the effects of unconventional policy on banking competition
Koetter, Michael; Podlich, Natalia; Wedow, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...
Persistent link: https://www.econbiz.de/10011606062