Showing 1 - 10 of 98
, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking …, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the …
Persistent link: https://www.econbiz.de/10008534055
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …
Persistent link: https://www.econbiz.de/10010948821
We examine evidence for a systematic underperformance of Germany’s state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...
Persistent link: https://www.econbiz.de/10005051557
We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique to this paper, we also have data on individual banks’ reserve requirements and actual reserve holdings, thus allowing us to gauge the extent to which a bank is short or long...
Persistent link: https://www.econbiz.de/10005051588
the default risk of banks designated as globally systemically important by the Financial Stability Board. We find that … bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes … in systemic banks’ default risk explain a substantial part of changes in other banks’ market values. This result is …
Persistent link: https://www.econbiz.de/10010877758
Measuring and identifying financial constraints represents an important challenge in empirical studies. Due to data limitations perception-based indicators or approximations of access to finance by the usage of finance are often used, disregarding firm-specific differences in the demand for...
Persistent link: https://www.econbiz.de/10010877770
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … regulators in risky countries have an incentive to allow their banks to hold home risky bonds and risk defaults, while regulators … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …
Persistent link: https://www.econbiz.de/10010877795
these costs. Bank levies attempt to internalize systemic risk and increase the costs of leverage. This paper evaluates the …
Persistent link: https://www.econbiz.de/10010877827
We provide evidence that German savings banks – where local politicians are by law involved in their management – systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...
Persistent link: https://www.econbiz.de/10010877845
When trading, firms choose between different payment contracts. As shown theoretically in Schmidt-Eisenlohr (forthcoming), this allows firms in international trade to optimally trade-off differences in financing costs and enforcement across countries. This paper provides evidence from a large...
Persistent link: https://www.econbiz.de/10010877930