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Does it pay to have friends? Social ties and executive appointments in banking

Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - Deutsche Bundesbank - 2011

others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age …

Persistent link: https://www.econbiz.de/10010954916

Regulation, credit risk transfer with CDS, and bank lending

Pausch, Thilo; Welzel, Peter - Deutsche Bundesbank - 2012

We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …

Persistent link: https://www.econbiz.de/10010957144

ATM networks and cash usage

Snellman, Heli; Virén, Matti - Suomen Pankki - 2006

This paper deals with the issue of how the market structure in banking affects the choice of means of payment. In … incentive to restrict the number of ATMs to a minimum. In general, the number of ATMs depends on competitiveness in the banking …

Persistent link: https://www.econbiz.de/10005207157

German bank lending during emerging market crises: A bank level analysis

Heid, Frank; Nestmann, Thorsten; Mauro, di; Weder, Beatrice - Deutsche Bundesbank - 2004

This paper studies German bank lending during the Asian and Russian crises, using a bank level data set, which has been compiled from credit data at the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We...

Persistent link: https://www.econbiz.de/10005082775

The price of liquidity: bank characteristics and market conditions

Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - Deutsche Bundesbank - 2008

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/10005083283

Screening in the credit market when the collateral value is stochastic

Niinimäki, Juha-Pekka - Suomen Pankki - 2009

This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...

Persistent link: https://www.econbiz.de/10005014554

Regulation, credit risk transfer with CDS, and bank lending

Pausch, Thilo; Welzel, Peter - Deutsche Bundesbank - 2012

We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …

Persistent link: https://www.econbiz.de/10010535443

Bank bailouts, interventions, and moral hazard

Dam, Lammertjan; Koetter, Michael - Deutsche Bundesbank - 2011

To test if safety nets create moral hazard in the banking industry, we develop a simultaneous structural two … probabilities on risk taking using exclusion restrictions based on regional political, supervisor, and banking market traits. The … sample includes all observed capital preservation measures and distressed exits in the German banking industry during 1995 …

Persistent link: https://www.econbiz.de/10009323135

An information economics perspective on main bank relationships and firm R&D

Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Deutsche Bundesbank - 2011

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Persistent link: https://www.econbiz.de/10009323613

Banks' management of the net interest margin: Evidence from Germany

Memmel, Christoph; Schertler, Andrea - Deutsche Bundesbank - 2011

We decompose the change in banks' net interest margin into a change in market-wide bank rates and a change in the balance-sheet composition. Our empirical findings from a detailed data set on German banks' balance-sheet positions, broken down into different maturities, creditors and borrowers...

Persistent link: https://www.econbiz.de/10009372145